Are institutional investors all-in on artificial intelligence (AI), and if so what are some of the immediate guardrails that come in to play when executing an AI plan? In this latest episode of the Improving Alpha podcast, Michael discusses AI concerns with Olivier Toubia. Listen now.
Michael Oliver Weinberg, co-founder, Improving Alpha Podcast Series
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In an age of artificial intelligence, (AI) many allocators are realizing that humans alone, or software alone, can’t match or exceed the gains that occur when software and human expertise combine. Layer that into the ability of generative AI to do something better, faster, and more cheaply, and investors can begin to see a game-changing impact on business operations.
Join Michael Oliver Weinberg, host of the Improving Alpha: Innovation in Investing ESG, and Technology podcast, and Olivier Toubia, Glaubinger Professor of Business Marketing Division, Columbia Business School, for a deep dive into how modern advancements, particularly generative AI, are reshaping the landscape of allocation strategies and more. Olivier shares his journey from early beginnings in math and engineering to the evolution of data science and how new analytical techniques (machine learning, natural language processing, and large language models), can be leveraged to better understand humans and optimize business operations.
Further highlights that Olivier shares:
- the +20 years of thought leadership and insight around innovation that went into his Columbia Business School course, Foundations of Innovation.
- what are some of the granular applications for artificial intelligence as it relates to Wall Street and other allocators.
- the training of artificial intelligence models and the output guardrails that get included in human stereotypes.
- can we remove human biases from training data when humans are tagging or labeling data that may be aligned to political affiliations, education, personal experiences, or more?
- emerging research of brainstorming with generative artificial intelligence and what is happening with screening or rating of the ideas that are pulled through brainstorming.
- And more.
About Our Guest: Olivier Toubia
Olivier Toubia is the Glaubinger Professor of Business at Columbia Business School. His research focuses on various aspects of innovation, including preference measurement and idea generation. Specifically, he combines methods from social sciences and data science, to study human processes such as motivation, choice, and creativity. He currently serves as the Editor-in-Chief at the journal Marketing Science. He teaches a course on Foundations of Innovation and the core marketing course. He received his MS in Operations Research and PhD in Marketing from MIT.
About Our Host: Michael Oliver Weinberg, CFA
For three decades Michael has invested directly at the security level and indirectly as an asset allocator in traditional and alternative asset classes. Most recently he was a Managing Director, Head of Alternative Alpha, on the Investment Committee, and a board member at APG, a Dutch pension provider. Previously he was the Chief Investment Officer at MOV37 and Protege Partners. Michael is also an Adjunct Professor of Economics and Finance at Columbia Business School, where he teaches Institutional Investing, an advanced MBA course that he created.
Michael is a published author, having written for The New York Times, international investment books, and other publications. Michael has been interviewed by the Wall Street Journal, Financial Times, CNBC, Bloomberg and Reuters. He is a frequent panelist, moderator and lecturer for investment banks, institutional and family office organizations, and business schools.
The information covered and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Vidrio Financial, and/or our host, Michael Oliver Weinberg. The Content has been made available for informational and educational purposes only. The Content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment planning.
