Rob Goldstein: Technology is reshaping financial services, AI’s unpredictability challenges accountability, and asset management relies on information processing

Key takeaways Industry consolidation is driven by firms that offer superior value propositions. Technology has revolutionized financial services, enabling previously unattainable value propositions. Asset management fundamentally relies on information processing, a concept that was novel decades ago. AI’s nondeterministic nature poses challenges for accountability in finance. AI operates more like human thinking, requiring prompts to…

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