It has been known to create paintings, write poems and even learn languages on its own. But could Artificial Intelligence also make you richer? Last week, it emerged JPMorgan Chase is developing a service similar to the AI-powered ChatGPT which would help customers select investments and give financial advice. Separately banks Goldman Sachs and Morgan Stanley have started testing the tech internally as businesses speed up their apparent AI arms race. It begs the question whether financial advisors will be needed at all in a few years as computers offer a quicker (and cheaper) alternative.

Big data is changing our lives in a big way. Use of the Internet, smart phones and many other technologies is generating 2.5 quintillion bytes of data every day. There are ever growing applications for this data, including those that could benefit your investment portfolio. In this episode of The Bid, we speak to Rich Mathieson, portfolio manager for global equity strategies and a member of the Systematic Active Equity division, about how big data is transforming the way we think about investing. Liz Koehler: The world is awash in data.