Citadel's AI Chatbot Aids Stockpickers

Ken Griffins Citadel Hedge Fund Debuts AI Chatbot for Stockpickers: A New Era of Investment ResearchCitadel, the seventy-one billion dollar hedge fund, has introduced an internal chatbot to aid its stockpickers. This AI tool, launched earlier this year, expedites research and uncovers new information by analyzing public company filings, summarizing bank research, and tracking executive keywords.Other prominent hedge funds, like Balyasny and Man Group, have also adopted AI assistants. Citadel has been using AI or machine learning for a decade, demonstrating a long-term interest in advanced technology.Umesh Subramanian, Citadels CTO, stressed that human judgment remains essential. The chatbot accelerates research but doesnt replace human investment decisions. The tool is voluntary, with nearly full adoption across Citadels stock-picking teams.AI integration in finance is growing, but human expertise is still crucial for complex investment decisions. The chatbot serves as a powerful assistant, enabling investors to process vast information more efficiently, while the final call remains with human experts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.