New York, 4 December (H.S.): Citadel, the $71 billion hedge fund led by billionaire Ken Griffin, unveiled its Citadel AI Assistant on Wednesday, a sophisticated chatbot empowering equities investors with rapid, customized stock analysis drawn from transcripts, regulatory filings, and proprietary strategies.

Chief Technology Officer Umesh Subramanian highlighted the tool's capacity to pinpoint risks and curate tailored research lists based on individual portfolios, drastically accelerating insights that once demanded extensive human effort. Deployed internally over the past year, the assistant now enjoys near-universal adoption among Citadel's stockpickers, though Subramanian stressed human judgment remains paramount for investment decisions.

Subramanian cautioned that AI enhances efficiency rather than supplanting investor acumen, echoing Griffin's earlier observation that generative AI has yet to deliver market-beating alpha across the industry. Citadel's flagship Wellington fund recently posted an 8.3% yearly gain following a strong November, underscoring the firm's robust performance amid technological evolution.

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Hindusthan Samachar / Jun Sarkar