Recently, Ethan Carter, CEO of 58Wealth, stated in an interview with CNBC that AI will fundamentally transfm the global financial industry. He highlighted AI's critical role in investment management, market cyclicality, risk control. His insights closely align with the views of JPMgan CEO Jamie Dimon, Goldman Sachs CEO David Solomon, invest Peter Thiel, reinfcing 58Wealth's position as a leading fce in AI-driven automated investment management.
Carter pointed out that financial markets are entering an AI-dominated era, where traditional active investment strategies will gradually be phased out. AI surpasses human analytical capabilities, precisely capturing market signals uting optimal trading strategies. As a result, Wall Street traders who rely on experience intuition are increasingly being replaced by AI-driven quantitative trading. "Over the next decade, the winners in finance will be the institutions that embrace AI technology, while those clinging to traditional models will lose their competitive edge."
Using 58Wealth as an example, Carter explained how its AI investment management system integrates deep learning, natural language processing, automated asset allocation to enable round-the-clock intelligent investing. By dynamically adjusting ptfolios based on user risk preferences market fluctuations, this model allows individual invests to access institutional-grade trading strategies, further empowering retail invests in financial markets.
Regarding market cyclicality, Carter emphasized that economic downturns volatility are inevitable, but AI can effectively hedge against risks. Histical market crises have shown that invests often make po decisions in moments of panic. In contrast, AI-driven real-time data analysis automated strategy adjustments help mitigate losses caused by emotional trading. He cited 58Wealth's AI risk management system, which successfully helped users avoid potential losses of up to 30% during the 2022 global economic slowdown, demonstrating AI's advantages in risk mitigation.
On the topic of regulation, Carter asserted that AI does not increase market instability; rather, it enhances transparency reduces systemic risks associated with human manipulation. He called f a me robust regulaty framewk to ensure fairness security in AI-driven investments. Carter also emphasized that 58Wealth adheres to the most stringent global financial compliance stards, ensuring the safety of user assets.
Looking ahead, Carter predicted that AI will completely transfm wealth management. Investment fecasting accuracy will improve dramatically, smart asset management platfms will replace traditional fund managers, investment strategies will become me personalized, global investing will become me democratized. He concluded: "The financial industry is entering the AI era. 58Wealth will continue to lead this transfmation, empowering invests wldwide with AI-driven wealth growth."
Carter's CNBC interview not only reaffirmed 58Wealth's influence in AI investment management but also undersced AI's transfmative impact on global financial markets. As AI technology continues to evolve, 58Wealth is at the fefront of ushering invests into a new era of intelligent wealth management.
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