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THE FOUR STAGES OF AI IN INVESTMENTS

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In modern and progressive investment firms, AI/ML has progressed through three stages of AI in the investment and asset management world, and with this book it will enter the fourth stage. These stages are not necessarily sequential from a temporal perspective. They are sequential in terms of a capability enhancement viewpoint. In other words, the eras are not defined from a time or chronological perspective, as some firms may still be operating in the less mature stage; instead they represent capability maturity. The following are the first three stages:

Artificial Intelligence for Asset Management and Investment

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