Boosted.ai, the distributed machine learning platform for global investment professionals, announced it will provide its machine learning platform, Boosted Insights, to China Asset Management Co., Ltd. a fund management firm in China.
Boosted Insights will empower portfolio managers at ChinaAMC to augment their existing investment processes, source new ideas and manage risks with highly performant, explainable and easy-to-use artificial intelligence. Through Boosted.ai’s intuitive, web-based interface, ChinaAMC will be able to combine the firm’s capital markets expertise with Boosted.ai’s proprietary, finance-specific machine learning algorithms.
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‘We are excited to be tackling one of the largest changes to investing in our lifetime alongside a world-class asset manager’, said Joshua Pantony, CEO and Co-founder of Boosted.ai. ‘ChinaAMC recognises that machine learning surfaces the added conviction managers need to succeed in today’s markets, and like many asset managers, they require an explainable solution as opposed to a black-box one. We are immediately adding value to their portfolio management teams and look forward to moving the industry forward with them.’
‘The successful implementation of machine learning into the investment process is one of our highest priorities, and it is equally important for us to ensure that any AI efforts are additive to what we are already doing’, said Dr Bill Chen, Chief Data Officer and CTO at ChinaAMC. ‘We selected Boosted.ai to provide us with finance-specific machine learning algorithms as we share a similar vision of how explainable AI will improve the day-to-day decisions made by asset managers around the world.’
