As agentic AI comes into play, buy side weighs outsourced options
Asset managers wanting to use sophisticated forms of AI must square their interest in the tool with mounting cost pressures.
One of the first fields impacted by ChatGPT after its release in November 2022 was coding. To an experienced quant, long stacks of code across a variety of different coding languages had traditionally been a time sink, if not a barrier. Large language models (LLMs) like OpenAI’s GPT-4, Codex, and Google’s Codey let quants convert natural-language requests into usable code and check its accuracy.
But using these platforms at the enterprise level doesn’t come cheap for financial firms facing rising
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