More than half of the world’s institutional investors expect artificial intelligence will eradicate at least some investment jobs within the next seven years — a worrying thought for fund managers already anxious about being usurped by algorithms. According to Fidelity International’s 2018 global institutional survey, which canvassed the views of 905 “asset owners” — pension funds, foundations, and the like — 52% of respondents said it was likely that AI will replace many traditional investment jobs by 2025, with 90% of respondents...
Most institutional investors predict AI will supplant traditional investment jobs by 2025, according to a survey by Fidelity. More than a third of the about two-thirds respondents said AI would enable them to create investment portfolios without the involvement of asset managers and 905 believe the technology will augment traditional investment roles. Only 10% had already implemented AI into their investment processes, the survey found.