Most institutional investors predict AI will supplant traditional investment jobs by 2025, according to a survey by Fidelity. More than a third of the 905 respondents said AI would enable them to create investment portfolios without the involvement of asset managers and about two-thirds believe the technology will augment traditional investment roles. The report also found that more than half (52%) of those surveyed expect artificial intelligence (AI) to be able to perform all or most financial tasks in their portfolio within five years.
Most institutional investors predict AI will supplant traditional investment jobs by 2025, according to a survey by Fidelity. More than a third of the 905 respondents said AI would enable them to create investment portfolios without the involvement of asset managers and about two-thirds believe the technology will augment traditional investment roles. Only 10% had already implemented AI into their investment processes, the survey found.