Fintech

The Fintech Files: Schroders’ Genie-us, Man Group warns on AI ‘hallucinations’

All you need to know about fintech this week, all in one place

Tuesday 1 August 2023 at 16:30

Schroders wants staff to experiment with AI, as does Man Group
Schroders wants staff to experiment with AI, as does Man Group Photo: Getty Images

Genie-us

Schroders spends £2.5m a year on language translation. That might sound like a drop in the ocean for a fund management behemoth, but it is just one of the many costs boss Peter Harrison reckons the firm can cut out using AI.