CAN AI MAKE MARKETS PERFECTLY EFFICIENT?

The panel discusses the potential of AI to make markets perfectly efficient. Karan, the moderator, introduces Boris, Eric, and Ulyan, CEOs of companies focused on commodities trading, asset management, and responsible AI, respectively. Boris argues that truly efficient markets eliminate profit, while Eric highlights AI's ability to streamline investment operations. Ulyan emphasizes AI's role in data integration and creating more inclusive markets. The panelists debate whether AI will democratize finance or lead to monopolization by large institutions. Eric suggests AI can synthesize global capital with the best ideas, but acknowledges the importance of individual investor preferences. They explore the balance between centralized and decentralized AI approaches, and the importance of human oversight. The discussion concludes with varying opinions on how much individuals should trust AI with their investment portfolios, from cautious optimism to embracing AI for its ability to follow market momentum.