Bridgewater's Greg Jensen on AI, Inflation and What Markets Are Getting Wrong

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 3 July 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Every industry is trying to figure out just how AI or Large Language Models can be used to do business. But Bridgewater Associates, the world's largest hedge fund, has already been at it for a long time. For years, it has explored AI and adjacent technologies in order to analyze data, test theories, develop novel investment strategies and help its employees make better decisions. But how does it actually use the tech in practice? And what's next going forward? On this episode, we speak with co-CIO Greg Jensen about both the possibilities and limitations of these advances. We also discuss markets and macro, and why he believes that investors are still too optimistic about the Federal Reserve's ability to get inflation back to target.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Oddlots is brought to you by interactive brokers. Access to vast selection of global fixed income securities at IBKR's bond marketplace. Search their deep availability of over 1 million bonds globally.
0:11.3	IBKR has no markups or built in spreads and low fully transparent commissions on bonds. IBKR displays the highest bids and lowest offers received from the electronic venues they access.
0:21.8	In addition, clients can interact with each other by placing bids and offers online to execute their trades. Learn more at IBKR.com slash bonds.
0:30.0	This is Carol Maser, here to tell you about another podcast we think you'll love listening to Bloomberg Business Week.
0:36.0	Join us every weekday for the day's breaking business, finance, tech, and entertainment news from reporters and editors who bring you America's most trusted business magazine.
0:44.7	Central banks can get on top of inflation if they want to.
0:47.6	It's fun and AI models and the figure is better.
0:50.6	It's actually just an amazing success story.
0:53.0	Subscribe to Bloomberg Business Week today on Apple, Spotify, or wherever you get your podcasts.
0:58.2	Hello and welcome to another episode of The Odd Lots Podcast. I'm Tracy Alloway.
1:14.7	And I'm Joe Weisenthal.
1:16.3	Joe, I think it's fair to say. There is a lot of excitement about investing in AI.
1:23.6	There is also a lot of excitement about using AI to invest.
1:27.8	Yes, I mean, I think there's like a new chat ETF. I saw an ad for and there's like, oh, we're getting out.
1:35.6	I think I saw another project. We're going to have chat GPT pick the stocks for us.
1:41.2	And I get it. It's kind of exciting and maybe there's some new way of these super advanced digital brands that can beat the market, etc.
1:49.6	But I don't totally get it.
1:51.8	Well, I also feel like there's a tendency nowadays for people to talk about
1:56.9	artificial intelligence in a sort of abstract manner. You hear people bring up AI
2:03.4	almost as a synonym for just software at this point.
2:07.2	Yes.
2:07.6	I think you pointed out recently that the Kroger CEO mentioned AI like
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.