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Updated · Bloomberg · Jun 29Millennium Management Launches AI Lab in Weeks to Speed Product Development
2 articles · Updated · Bloomberg · Jun 29Summary
- Millennium Management will open an artificial intelligence lab in the next few weeks, according to a memo seen by Bloomberg.
- The lab is meant to expand the firm's development and use of cutting-edge technology by speeding early access to and evaluation of AI products.
- Millennium also plans to use the lab to work with AI companies on projects and to recruit top AI talent.
- The move deepens the hedge fund's push to build in-house AI capabilities around product development and technology adoption.
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