ARTIFICIAL INTELLIGENCE: 'I, fund manager'

The era of artificial intelligence means machines could conceivably be better than fund managers at investing clients' money. It may also level the playing field between large and small firms, finds Kit Klarenberg. Last year, mainstream commentators declared the era of artificial intelligence (AI) had arrived. Major investments in AI were announced by Facebook, Google and Microsoft, with the promise of ground-breaking consumer applications to follow. Financial professionals may have wondered what the fuss was all about.