U.S. allocators are far behind their international counterparts when it comes to artificial intelligence, blockchain and other advanced technologies, according to a new survey from Fidelity.
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U.S. Pensions, Endowments Are All Talk, No Action When It Comes to AI and Blockchain
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That's according to Fidelity Investments’ annual survey of institutional investors, released Thursday. Although 73 percent of respondents think these technologies will play a big role in asset management over the next seven years, a big slice of allocators, particularly those in the U.S., are not doing anything to test and explore these technologies. What's more, 77 percent of U.S. allocators are not currently testing or considering how artificial intelligence and advanced analytics can help their investment processes.
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