BlackRock Building a Team of Data Scientists for Innovation

BlackRock founded AI Labs last year to begin researching artificial intelligence for potential product offerings; the team is now comprised of 30 data scientists working on projects including a next generation stock lending platform; AI has already helped the firm to better handle massive but messy data sets and is allowing them to work on alternative data more efficiently; BlackRock is not alone in their quest to use AI, other firms like Franklin Templeton and Pagaya have also been researching and testing strategies to build better, more efficient process. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.