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Komfie Manalo, Opalesque Asia:

The financial markets would be using more artificial intelligence (AI) for a number of business reasons going forward.

More importantly, over the next five years, Gaurav Chakravorty, CIO of qplum, a wealth manager which uses machine learning to build an end-to-end AI-driven trading system, said that fund managers would be investing a lot in learning the rules from data to keep costs low, to have less key man risk, and to be able to adapt to a new market conditions.

He told participants in the latest Opalesque 2017 INVESTOR Roundtable "I think the progression can be thought of as follows. First you have got the feeling, then you have rules, and AI is about learning the rules from data. So not just rules that you thought are good rules, but autonomously learning the rules from data."

Chakravorty acknowledged there are plenty of buzzwords about AI in the financial industry. However, AI is not merely just a buzzword but there are actually a lot of actions currently happening in the space.

"We hear about firms like BlackRock letting go of their human portfolio managers and switching to machines. He explained that this means they are switching to the rules that they have coded in. You have precision of using coded systems or algorithms at a large scale."

At the end of the third q......................

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