But Cambridge’s expertise in artificial intelligence, antibodies, … AI and life sciences, such as using machine learning for drug discovery.

Don't get bogged down in searching for individual stocks to capitalize on and focus instead on these four artificial intelligence ETFs to buy now. As an investor, you try to find the best bang for your buck. But you don't have hours every day to do specific sector research and locate companies that check off all the important markers for being a good "buy." A way you can capitalize on an entire sector without the pain of pouring over tons of research and charts is investing in exchange-traded funds. ETFs are automatically diversified by holding numerous companies in specific sectors.

There are expected to be 7.7 million more high-net-worth-individuals (HNWIs) in the world by 2023, according to a report by wealth data business, Wealth-X. This equates to $20.9trn of newly created wealth in the next five years, presenting a huge growth opportunity for the global wealth management industry. As such, we've decided to compile a short list of interesting statistics on the global wealth management industry – taking into account the current state of the industry, future growth prospects and what HNWIs expect from their advisors. We also take a look at how wealth management firms are using technology, and how they plan to do so in the future, considering aspects such as the use of AI and robo-advisors. The strongest-growing region in 2017 was Asia, which posted a 19% increase.

Pagaya, a U.S.-Israeli firm that uses machine learning and big data to manage institutional money, said on Wednesday it is issuing and overseeing $100 million in actively managed asset-backed securities led by structuring agent Cantor Fitzgerald. This brings Pagaya's assets under management to $450 million since its founding in 2016. Its artificial intelligence (AI) analyses data to assess risk in financial instruments, identifies emerging asset classes and seeks to generate a stable return. Pagaya will use its AI to select and buy individual loans, rather than the traditional method of securitising a pool of previously assembled asset-backed securities. Pagaya is targeting close to $1 billion in assets under management by year-end, Gal Krubiner, co-founder and CEO of Pagaya, told Reuters.

The concept of artificial intelligence (AI), described as the development of computer systems capable of performing tasks which, in general, require human intelligence, arose more than 60 years ago.However, this technology did not reach the field of financial services until the early 1980s.It had limited implementation and use at that time due to the state of the technology and power of computer systems. But in recent years there has been significant growth in injecting AI into the financial planning process. In the early 1980s, for example, the Citibank Investment Bank attempted to build expert systems, using artificial intelligence that imitated the decision-makingpower of a human expert. And Citibank was not the only one, many other Wall Street companies launched similar projects at that time. And in 1987, the Security Pacific National Bank launched a Fraud Prevention Task Force to automatically counter, through the use of artificial intelligence, unauthorized use of debit cards at ATMs and stores.

Does a robot manage your money? For many of us, the answer is yes. Online and algorithmic investment and financial advice is easy to come by these days, usually under the moniker of "robo-advisor." Startups such as Wealthfront, Personal Capital, and Betterment launched robo-advisors as industry disruptors, and incumbents, such as Schwab's (Intelligent Advisor), Vanguard (Personal Advisor Services), Morgan Stanley and BlackRock have joined the fray with their own hybrid machine/advisor solutions. It's clear that robo-advisors and AI play an important and growing role in the financial services industry, but a question remains. Will robo-advisors disrupt corporate capital allocation the same way they have personal capital allocation?

Does a robot manage your money? For many of us, the answer is yes. Online and algorithmic investment and financial advice is easy to come by these days, usually under the moniker of "robo-advisor." Startups such as Wealthfront, Personal Capital, and Betterment launched robo-advisors as industry disruptors, and incumbents, such as Schwab's (Intelligent Advisor), Vanguard (Personal Advisor Services), Morgan Stanley and BlackRock have joined the fray with their own hybrid machine/advisor solutions. It's clear that robo-advisors and AI play an important and growing role in the financial services industry, but a question remains. Will robo-advisors disrupt corporate capital allocation the same way they have personal capital allocation?

There is much talk in the industry about robo-advisors and automated investing. How about the potential of automated retail banking? The industry is in for a lot of AI-inspired change. In 2008, Warren Buffett famously floated the idea of a million-dollar bet against hedge fund managers. He would invest a million dollars in Vanguard's 500 index fund, while the hedge fund managers would invest however they saw fit.

Artificial intelligence, machine learning and robotics are making some real money for stock investors, and beating the market. The Global X Robotics and Artificial Intelligence ETF (BOTZ) is up 30 percent this year and the ROBO Global Robotics and Automation Index (ROBO) is up 25 percent. "Between the tech exposure and the international exposure, that's helped the group pretty well," said Jack Ablin, chief investment officer at BMO Private Bank. The upward trend in robotics and artificial intelligence stocks is one proponents say, in the long-term, could top the so-called FANG stocks -- Facebook, Amazon.com, Each FANG stock has rallied 20 to 50 percent this year and the companies are increasingly focused on using technologies such as artificial intelligence, or AI, to develop their businesses.

There is much talk in the industry about robo-advisors and automated investing. How about the potential of automated retail banking? The industry is in for a lot of AI-inspired change. In 2008, Warren Buffett famously floated the idea of a million-dollar bet against hedge fund managers. He would invest a million dollars in Vanguard's 500 index fund, while the hedge fund managers would invest however they saw fit.