What does AI mean for banking? Why will it impact everyday investors? Some of the world's best minds came together at an event sponsored by BNP Paribas.
Clients, partners and internal specialists also led panel discussions at AI Discovery, a break-out following the IHES symposium and hosted by Jean-Yves Fillion, CEO of BNP Paribas USA and Head of Corporate and Institutional Banking (CIB) Americas. Our contributors included Mark Howard, Senior Multi-Asset Specialist at Global Markets Americas, and Edouard d'Archimbaud, Head of Data & AI, BNP Paribas CIB.
"Some of the world's best mathematicians and theoretical scientists came together at Breaking Boundaries in New York City, with BNP Paribas as exclusive premier sponsor."
The first panel, focusing on alternative data, saw senior asset managers discussing why they were using these data sources to help generate alpha and better manage risks. In addition, independent research vendors explained how their products help customers tackle questions previously unaddressed until the explosion in alternative data sources. For example, how does mobile phone location data deliver insights on retail foot traffic? And how do loading dock deliveries relate to hours worked on assembly lines?
The second panel looked at how savvy investors, armed with mathematical models embedded in AI and driven by computing power increases, combined with the proliferation of data, were seeking to increasingly differentiate their returns. Panellists debated how AI may offer particular insights to investors in less liquid securities over time.