Carter also addressed AI's role in risk management, citing its ability to mitigate losses during economic downturns by avoiding emotional trading decisions. He argued that AI enhances market transparency and reduces systemic risks, calling for stronger regulatory frameworks to ensure fairness and security. Looking forward, Carter predicted AI will transform wealth management by improving investment forecasting, personalizing strategies, and democratizing global investing. He concluded that 58Wealth is leading this AI-driven transformation, empowering investors worldwide.
Key takeaways:
- Ethan Carter, CEO of 58Wealth, believes AI will fundamentally transform the global financial industry, particularly in investment management, market cyclicality, and risk control.
- AI-driven investment strategies are expected to surpass traditional active investment strategies, with AI capturing market signals and executing optimal trading strategies more effectively than human traders.
- 58Wealth's AI investment management system uses deep learning, natural language processing, and automated asset allocation to provide institutional-grade trading strategies to individual investors.
- Carter emphasizes that AI enhances market transparency and reduces systemic risks, calling for a robust regulatory framework to ensure fairness and security in AI-driven investments.