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$112 Billion Asset Managers Don’t Want Robot Money Managers

(Bloomberg) Some of the biggest investors in one of the world’s most technologically advanced corners don’t want robots to replace people when it comes to managing money. Ilmarinen and Varma of Finland, which oversee a combined 91.2 billion euros ($112 billion) in pension assets, say artificial intelligence just isn’t sophisticated enough to replicate the complex, forward-looking analysis that humans are capable of.

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