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Schroders ramps up focus on AI, identifies 80 projects

Schroders CEO Peter Harrison said it was focused on the 'top-down driving of projects'

Harrison said around 25% of staff were 'very regularly' using Schroders' in-house AI tool, known as Genie
Harrison said around 25% of staff were 'very regularly' using Schroders' in-house AI tool, known as Genie Photo: Lam Yik/Getty Images

Schroders has earmarked 80 different artificial intelligence projects across its business, as the FTSE 100-listed fund management group looks to use the technology for more than just its cost-saving benefits.

“It’s about identifying the field of dreams of all the things you want to do, and then just grinding through it,” Schroders chief executive Peter Harrison told Financial News.

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