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B. G., Opalesque Geneva:

While BlackRock and Microsoft are preparing to launch a $30bn artificial intelligence (AI) investment fund to build data centres and energy projects to meet growing demands stemming from AI, other companies such as Salesforce are increasing their AI funding. Money is pouring into AI projects.

What about alternative investment funds? According to Professional Wealth Management, investment funds are increasingly using artificial intelligence to analyse data and even select stocks. Since 2017, funds have been incorporating AI tools or big data into their strategies. More recently, Bridgewater Associates launched a $2bn fund with a strategy using mainly AI to make investment decisions. Lombard Odier Investment Managers (LOIM) in Geneva recently launched its DataEdge strategy, using big data on consumer trends to identify "earnings surprises" and capture alpha potential.

According to a recent study conducted by Ocorian, a fund administrator, nearly half of private equity, venture capital, and real estate fund managers are very focused on develop......................

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