UIC, BWL discuss latest trends in AI for investments

UIC, BWL discuss latest trends in AI for investments

By Majd Othman

KUWAIT: Bright World Labs (BWL), in cooperation with Union of Investment Companies (UIC), held a workshop for UIC group team members on Thursday titled “AI for Investments”, in the presence of UIC Secretary General Fadwa Darweesh and BWL President Dr Scott Pezanowski. The workshop, which discussed the best ways to benefit from using artificial intelligence in the investment sector, also explained the great potentials AI provides to boost accuracy and efficiency in collecting the required data to choose the best real estate.

Dr Pezanowski told Kuwait Times about the importance of this technology. “AI has a lot of potential in investment, whether in portfolio optimization, stock market prediction and real estate property evaluation, in addition to the great tools that helps to know more about people’s feedback, about stocks for example, or to analyze large amount of data to make better decisions about our money,” he said. He pointed out AI prevents people from being biased and helps them make a fact-based decision about investing their money and collecting data, adding sometimes people need to risk their money to make more money.

Regarding concerns about the replacement of human employees with AI, Pezanowski said AI is not going to take