BlackRock, the $6 trillion money manager, had a crime-fighting robot patrolling its New York headquarters — and it marks the firm’s latest foray into automation

larry finkRob Kim/Getty Images

  •  BlackRock, the $ 6 trillion asset manager which is relying more on robots to make investment decisions, recently hired a physical robot to meander around its New York City headquarters.
  • The robot, dubbed BLK Bot, left New York earlier this month and will be moved to the firm’s San Francisco offices soon. 
  •  The robot sent an affectionate email to employees when it departed the Big Apple. 

Count this as another sign that automation is sweeping BlackRock, the largest money manager in the world.

unnamed 8BlackRockFor six months, a robot was meandering the New York City headquarters of the $ 6 trillion dollar asset manager, which notably made a big bet last year to rely more on algorithms over humans to make decisions on what stocks to buy and sell.

See the rest of the story at Business Insider

NOW WATCH: From affordable housing to money transfers for immigrants — a $ 1 billion impact investor explains how she makes money while making the world a better place

See Also:

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.