Reported 12 months ago
Bridgewater Associates launched a fund powered by machine learning technology with nearly $2 billion in capital from various clients. The fund, managed by co-chief investment officer Greg Jensen, utilizes proprietary technology developed over a decade and models from organizations like OpenAI and Anthropic. This shift toward machine learning is part of Bridgewater's ongoing transformation, led by CEO Nir Bar Dea, in an effort to improve returns and reshape the firm's investment strategy by incorporating AI and data science expertise.
Source: YAHOO