Why Wall Street's most data-obsessed investors are taking it slowly with generative AI

Generative AI hasn't yet won over the quants. A majority of people running systematic trading strategies at top-tier asset managers have "not yet begun their generative AI journey," according to a new Bloomberg survey.The data giant interviewed 151 quants between April and November last year to determine how they've integrated generative AI tools into their investment research process. While this section of the investing world has used machine-learning techniques for years, generative AI has not yet broken ...