SAUDI CAPITAL MARKET: EXPLORING NEW FRONTIERS

The discussion highlights the transformative impact of AI and digital transformation in the asset management industry. Ahmed Kordi emphasizes the challenges of AI adoption, such as the "black box" phenomenon and data quality issues, which are crucial for gaining trust in AI outputs. The conversation also touches on the importance of data accuracy and the deployment of autonomous programs to ensure data integrity for AI models. The role of AI in enhancing investment decision-making by providing timely and accurate data is discussed, with examples of machine learning models predicting manager performance. The need for a cultural shift towards embracing AI's unpredictability and the importance of a robust risk framework is also highlighted. The discussion concludes with optimism about the future of AI, emphasizing the need for continuous learning, training, and change management.