Joerg Ambrosius - Executive Vice President, State Street

The discussion centers on the remarkable acceleration in the AI space and its impact on financial markets. Jörg Ambrosius, president of State Street Investment Services, notes the increasing deal sizes and the need to re-educate the workforce to fully leverage AI's power. The conversation also addresses the concentration of private wealth and its implications for market stability. Speakers highlight the resilience of the market despite geopolitical and geoeconomic influences. The challenges of integrating fast-developing technology into large organizations are discussed. They emphasize the importance of global regulatory cooperation and the need for financial institutions to be flexible and innovative. The goal of achieving prosperity for all is highlighted as a key motivation for the financial industry. They address whether it is possible to achieve prosperity for all.