Albert Einstein once said “the measure of intelligence is the ability to change,” and this rings true in the exchange-traded fund (ETF) space where innovation is rife, but those who fail to adopt the latest and greatest technology could be left in the dust.

Of course, when such a transformative technology like AI is introduced into a financial industry that can be reticent to change and stuck in its tried-and-true ways, it can present a challenge. However, those who are slow to adapt could be the ones who are left behind.

“It shows you how ETFs continue to evolve like how computers to evolve,” said ETF Trends CEO Tom Lydon. “If you’re an analyst on Wall Street and you don’t have access to AI, I would be concerned.”

The United States and China have been early purveyors of artificial intelligence (AI), but more investment in these disruptive technologies could help drive Europe’s industry in the not-so-distant future.

“AI is a priority for transforming industry. This, and other automation processes offer enormous potential for transforming European society in terms of innovation and for helping to solve key societal challenges,” writes Bernd Dittmann in The Parliament Magazine.

According to Ditmann, Europe is lagging the U.S. and China in terms of investment in artificial intelligence, but the European Economic and Social Committee (EESC) is pushing for more innovation. It will be the hot button issue discussed at the third Industry Days event, taking place in Brussels on February 6, 2019.

ETFs to consider:

In the video below, Yann LeCun, Susan Schneider, Max Tegmark, and Peter Ulric Tse discuss the future of robotics and AI.

For more market trends, visit ETF Trends.

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