Tech talk: Harnessing the benefits of AI – John Bradley

Hello, and welcome to FidelityConnects, A Fidelity Investments Canada Podcast. Connecting you to the world of investing, and helping you stay ahead. Today, John Bradley, Director of Emerging Technologies, sits down with host Pamela Ritchie to discuss the benefits of artificial intelligence in the financial services industry. He touches on AI tools for advisors, and the accuracy and relevance of data used by AI. He emphasizes the irreplaceable role advisors play in matching their client’s emotions and responding to changes – something AI cannot do effectively. John also talks about the industry’s compliance stance, highlighting the importance of understanding where data is stored, who owns it, and when AI tools come into play. He says while generative AI is not yet capable of providing high-quality financial advice, John sheds light on other emerging technologies that could help advisors. He notes the critical importance of ethics in using AI for financial advice.

 

And a note to our listeners, Andrei Bruno, our Director of ETFs at Fidelity Investments Canada will hold an AMA on all things ETF. That’s coming up on July 23rd at 12 pm eastern. Go to: reddit.com/r/etfs to pre-sumbit questions now or ask live on July 23^rd

 

Recorded on July 19^th, 2024.

 

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