Finance firms set to pour more investment into AI amid ‘data divide’ fears
- Source
- South China Morning Post - Business
- Source link
- https://www.scmp.com/business/banking-finance/article/3362337/finance-firms-set-pour-more-investment-ai-amid-data-divide-fears?utm_source=rss_feed
- Published
- 2026-07-30 04:00:21
- Discovered by ProcIntel
- 2026-07-31 10:43:24
- Category
- Procurement & Supply Chain News
- Geography
- China
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
A majority of surveyed global asset management firms plan to raise their artificial intelligence budgets by at least 50 per cent within the next year as the technology transforms the finance industry, a recent study showed. The study, released Tuesday by US fintech firm Clearwater Analytics, indicated the adoption of AI will have a major impact on labour-intensive operations. Of the fund managers polled, 62 per cent said they expected transformative change in data generation and...
Procurement Relevance Gate
FAIL
— score 7.0/100 — evaluated 2026-07-31 10:43:24
Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.