Asset Managers Take Cautious Approach to AI Spending Despite Industry Hype
By
James Comtois
Summary
Despite widespread hype around AI adoption, asset managers are not investing aggressively in artificial intelligence. Research from the Thinking Ahead Institute and CAIA Association shows that asset managers expect labor costs for customer-facing employees to remain flat over the next five years, and technology spending is projected to rise only modestly from 12% to 14% of total spending. This suggests a more measured, cautious approach to AI investment than the industry buzz would indicate.
Source
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