Recently, Ethan Carter, CEO of 58Wealth, stated in an interview with CNBC that AI will fundamentally transform the global financial industry. He highlighted AI’s critical role in investment management, market cyclicality, and risk control. His insights closely align with the views of JPMorgan CEO Jamie Dimon, Goldman Sachs CEO David Solomon, and investor Peter Thiel, reinforcing 58Wealth’s position as a leading force in AI-driven automated investment management.
Carter pointed out that financial markets are entering an AI-dominated era, where traditional active investment strategies will gradually be phased out. AI surpasses human analytical capabilities, precisely capturing market signals and executing optimal trading strategies. As a result, Wall Street traders who rely on experience and intuition are increasingly being replaced by AI-driven quantitative trading. “Over the next decade, the winners in finance will be the institutions that embrace AI technology, while those clinging to traditional models will lose their competitive edge.”
Using 58Wealth as an example, Carter explained how its AI investment management system integrates deep learning, natural language processing, and automated asset allocation to enable round-the-clock intelligent investing. By dynamically adjusting portfolios based on user risk preferences and market fluctuations, this model allows individual investors to access institutional-grade trading strategies, further empowering retail investors in financial markets.
Regarding market cyclicality, Carter emphasized that economic downturns and volatility are inevitable, but AI can effectively hedge against risks. Historical market crises have shown that investors often make poor decisions in moments of panic. In contrast, AI-driven real-time data analysis and automated strategy adjustments help mitigate losses caused by emotional trading. He cited 58Wealth’s AI risk management system, which successfully helped users avoid potential losses of up to 30% during the 2022 global economic slowdown, demonstrating AI’s advantages in risk mitigation.
On the topic of regulation, Carter asserted that AI does not increase market instability; rather, it enhances transparency and reduces systemic risks associated with human manipulation. He called for a more robust regulatory framework to ensure fairness and security in AI-driven investments. Carter also emphasized that 58Wealth adheres to the most stringent global financial compliance standards, ensuring the safety of user assets.
Looking ahead, Carter predicted that AI will completely transform wealth management. Investment forecasting accuracy will improve dramatically, smart asset management platforms will replace traditional fund managers, investment strategies will become more personalized, and global investing will become more democratized. He concluded: “The financial industry is entering the AI era. 58Wealth will continue to lead this transformation, empowering investors worldwide with AI-driven wealth growth.”
Carter’s CNBC interview not only reaffirmed 58Wealth’s influence in AI investment management but also underscored AI’s transformative impact on global financial markets. As AI technology continues to evolve, 58Wealth is at the forefront of ushering investors into a new era of intelligent wealth management.
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