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

Quant asset managers haven't adopted AI en masse yet.

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• A new Bloomberg survey of quant investors found that 54% of respondents do not use generative AI for investing.
• AI usage in quant investing will be linked to data formatting and availability going forward, Bloomberg believes.
• This aligns with the thinking from many quant executives, who have said that AI is not yet able to beat the market.

Generative AI hasn't yet won over the quants.