Citadel Revolutionizes Investment Research with Advanced AI Assistant for Equity Investors

Citadel's AI Assistant is now utilized routinely by virtually all of their equities investors, according to the company's CTO.

Billionaire Ken Griffin's hedge fund Citadel has introduced an innovative artificial intelligence-powered tool designed to enhance stock research efficiency for investors, as announced by the firm's chief technology officer on Wednesday.

The Citadel AI Assistant functions as a chatbot that has been trained using licensed third-party content, including transcripts, regulatory filings, brokerage research reports, and Citadel's proprietary investment strategies, explained Citadel CTO Umesh Subramanian during an interview at the Reuters Next conference in New York.

This sophisticated tool can identify potential risks and generate tailored research and reading lists based on an investor's specific portfolio, delivering relevant information in significantly less time than traditional human research would require.

Subramanian noted that the Citadel AI Assistant, which has been gradually implemented within the company over the past year, is now regularly utilized by nearly all of Citadel's equities investors, while emphasizing that investment decisions ultimately remain under human control.

"I don't think just by using AI you're going to become a much better investor," Subramanian stated. "But AI is a tool investors are going to use, and how you use it will drive performance."

During a JPMorgan investor conference on October 15, Griffin expressed that generative AI has not yet helped hedge funds generate market-beating returns and hasn't significantly impacted the industry.

Reuters recently reported that Citadel's flagship Wellington fund achieved a 1.4% return in November, improving its yearly performance to 8.3%. The firm currently manages approximately $71 billion in assets.

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