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6 days agoAI Can Replace Mutual Fund Managers, Harvard Study Shows
A new study analyzing data from 1990 to 2023 found that AI can predict 71% of mutual fund managers' trade directions. The research suggests that thousands of high-paying finance jobs could become automated. The study, published by the National Bureau of Economic Research, looked at the $54 trillion asset management industry and discovered that senior managers in less competitive categories are the most predictable-and thus the most replaceable.
Artificial intelligence