at an equity value of 66 million pounds , despite generating just 2.7 million pounds of revenue in its most recent financial year., Insig AI’s idea is to sell proprietary tools so that fund managers can benefit from machine learning without having to hire a squadron of data geeks.
It’s a reassuring message for old-school portfolio managers worried about being replaced by an algorithm. Cracknell and Pearson’s thesis is that AI can help fine-tune investment strategies, for example by crunching data on companies’ sustainability reports so that fund managers can pick their own environmentally sound stocks. Investors may end up welcoming rather than fearing their new robot overlords.
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