BlackRock previews AI co-pilot; Attended high-level SEC meeting on Bitcoin ETF
This week, BlackRock, the world’s largest asset manager, made significant progress in its artificial intelligence and bitcoin ETF efforts towards the end of the year.
Retirement and Investments reported on December 1. On September 14, BlackRock reportedly launched an AI tool, or “co-pilot,” in a private preview for BlackRock eFront users.
Described in the report as a ‘super powerful chatbot’, the eFront co-pilot is designed to turn typed questions into easy-to-understand data visualisations. The co-pilot is based on Microsoft Azure’s OpenAI services, and several other similar services will follow, including an AI co-pilot for BlackRock’s portfolio management software Aladdin.
BlackRock has currently expanded the preview to 10 customers of the eFront Insight service, and access is expected to expand to all 130 customers of the service in early 2024. This could make the AI service available to large pension funds, funds of funds and funds. According to Pensions & Investments, insurers and other asset owners.
According to the same report, BlackRock published another note a week ago laying out its artificial intelligence strategy. BlackRock called artificial intelligence a “megapower” in an outlook report published this summer.
BlackRock has not officially announced the launch. Pensions and Investments notes that instead the pilot was announced via a memo to Aladdin staff.
BlackRock meets with SEC for fourth time
The U.S. Securities and Exchange Commission (SEC) also met with BlackRock on December 2 about its proposed spot Bitcoin ETF. 14.
An announcement released on the same date shows three members of BlackRock meeting with members of the SEC Chairman’s Office. BlackRock’s Head of Digital Assets, Robert Mitchnick, was also present at the meeting.
BlackRock attended three more meetings starting on November 20, 2023. The current meeting had a relatively small attendance: Previous meetings included seven to 11 members from BlackRock and NASDAQ, while the most recent meeting included only three members from BlackRock.
Two previous meetings included addendums stating that BlackRock and the SEC met to compare in-kind and cash payment models, which could impact whether certain parties can transact in cryptocurrency.
If the SEC approves a spot Bitcoin ETF, it would be the first ETF available in the U.S. Bloomberg ETF analysts estimate there is a 90% chance of approval by January 10, 2024. The SEC did not comment on the possibility of approval.
#BlackRock #previews #copilot #Attended #highlevel #SEC #meeting #Bitcoin #ETF
This week, BlackRock, the world’s largest asset manager, made significant progress in its artificial intelligence and bitcoin ETF efforts towards the end of the year.
Retirement and Investments reported on December 1. On September 14, BlackRock reportedly launched an AI tool, or “co-pilot,” in a private preview for BlackRock eFront users.
Described in the report as a ‘super powerful chatbot’, the eFront co-pilot is designed to turn typed questions into easy-to-understand data visualisations. The co-pilot is based on Microsoft Azure’s OpenAI services, and several other similar services will follow, including an AI co-pilot for BlackRock’s portfolio management software Aladdin.
BlackRock has currently expanded the preview to 10 customers of the eFront Insight service, and access is expected to expand to all 130 customers of the service in early 2024. This could make the AI service available to large pension funds, funds of funds and funds. According to Pensions & Investments, insurers and other asset owners.
According to the same report, BlackRock published another note a week ago laying out its artificial intelligence strategy. BlackRock called artificial intelligence a “megapower” in an outlook report published this summer.
BlackRock has not officially announced the launch. Pensions and Investments notes that instead the pilot was announced via a memo to Aladdin staff.
BlackRock meets with SEC for fourth time
The U.S. Securities and Exchange Commission (SEC) also met with BlackRock on December 2 about its proposed spot Bitcoin ETF. 14.
An announcement released on the same date shows three members of BlackRock meeting with members of the SEC Chairman’s Office. BlackRock’s Head of Digital Assets, Robert Mitchnick, was also present at the meeting.
BlackRock attended three more meetings starting on November 20, 2023. The current meeting had a relatively small attendance: Previous meetings included seven to 11 members from BlackRock and NASDAQ, while the most recent meeting included only three members from BlackRock.
Two previous meetings included addendums stating that BlackRock and the SEC met to compare in-kind and cash payment models, which could impact whether certain parties can transact in cryptocurrency.
If the SEC approves a spot Bitcoin ETF, it would be the first ETF available in the U.S. Bloomberg ETF analysts estimate there is a 90% chance of approval by January 10, 2024. The SEC did not comment on the possibility of approval.
#BlackRock #previews #copilot #Attended #highlevel #SEC #meeting #Bitcoin #ETF