CalPERS board warned of risks in AI investments including China innovation

An investment banking expert has warned the
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Pension funds confront the question of who owns AI

Pension funds confront the question of who owns AI

As the use of AI within asset owners evolves, organisations are grappling with the governance question of where the strategy and accountability sit. Darcy Song looks at the treatment of AI organisationally within a number of high-profile funds, including OTPP, AustralianSuper, CPP and Norges Bank.

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Musing towards a more hopeful AI future

Predictions about artificial intelligence are often dire prophecies of humanity inventing the agent of its own demise or obsolescence. But if we consider that human cognitive powers might actually grow in response to the advancement of AI, the potential outcomes become less threatening.

AI to transform GPIF manager selection

The $1.4 trillion Japanese fund will use deep-learning technology to monitor and evaluate the styles and processes of managers more effectively and pressure them to adopt high-tech tools.

OPTrust’s safe space for innovation

OPTrust Labs will allow the Canadian pension fund’s research and development unit to take risks and fail so it can nurture new ideas and technology. It’s about “unleashing human activity”.

Machine learning’s risk/reward challenge

The availability of big data and cheap computer power is making machine learning a profit driver for businesses. A panel of experts discussed related risk-management and governance issues.

GPIF’s Mizuno heaps change on managers

As CIO of the world’s largest pension fund, Hiro Mizuno has restructured fees and forced a focus on ESG and stewardship. Now the fund is using AI to make sure managers practice what they pitch.

Alphabet’s Hennessy: AI research is king

The chair of Google’s parent told delegates most investment in Silicon Valley today is for artificial intelligence and discussed some of the problems it can solve – and some it has helped create.

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