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GUEST: Three critical trends are driving forward the rapid development of a new generation of financial robo-advice models. In fact, gains in these three areas create the potential for a Moore’s Law pattern of acceleration in the field of artificial intelligence-powered financial advice models. 1. Availability of data We generate more than 2.5 billion GB of […]
Betterment Morgan Stanley, a Wall Street giant, is convinced that only a “handful” of roboadviser startups will survive. The CEO of the largest roboadviser startup agrees. Roboadvisers provide financial advice or portfolio management online or via a smartphone application. Rather than using human managers to build portfolios, they use algorithms to determine where to invest. Global […]
Morgan Stanley A lot of robo-advice startups could be heading for trouble. Robo-advisers provide financial advice or portfolio management online or via a smartphone application. Rather than using human managers to build portfolios, they use algorithms to determine where to invest. Global assets managed by robos could reach $ 13 trillion by 2025 in a best case scenario, according […]
