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Understanding AI Journey and Development
The journey of AI development is currently 15 years into a 30-year timeline, indicating ongoing progress but without reaching a tipping point. It's crucial to differentiate between machine learning, AI, AGI, and ASI when discussing AI. Teasing out the specific application and usage of AI in the investment process is essential. Looking ahead, in 15 years, the investment management industry and capital markets could witness significant evolution due to AI development.