trending Market Intelligence /marketintelligence/en/news-insights/trending/4yrbwyuxbfhiatp9vwvcig2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Report: BlackRock to establish AI lab

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Fintech Intelligence Digital Newsletter: May 2021


Report: BlackRock to establish AI lab

BlackRock Inc. is building a "BlackRock Lab for Artificial Intelligence" in Palo Alto, Calif., according to a memo seen by the Financial Times.

The center will focus on artificial intelligence research and is part of BlackRock's "Tech 2020" plan, which also includes creating an internal "Data Science Core" unit.

Stephen Boyd, who has consulted for BlackRock since 2013, will lead the AI lab. Sherry Marcus, former chief data analytics officer of hedge fund Millennium Management, and Rachel Schutt, former chief data scientist at News Corp., will oversee the new data science center.

The plan highlights asset managers' heightened interest in AI as they seek to improve the performance of their fund managers, automate back-office functions and boost client outreach, according to FT.