Institutions embrace AI for portfolio optimisation potential

Having recovered from the initial existential dread brought on by the advent of generative artificial intelligence (AI), investors are now learning how the technology can enhance their work. When the technology firm OpenAI introduced ChatGPT in November last year, there were many dire predictions about the dangers it would pose, potentially making humans obsolete and perhaps even extinct. Goldman Sachs estimated that 300 million jobs could be lost over the next 10 years, but the…