Big super’s Silicon Valley jaunt an AI wake-up call of a lifetime
Ostensibly opening doors for major asset managers, the US summit is also an opportunity to hear what is keeping the world’s largest investors awake at night.
New York | It was the words of warning from Goldman Sachs chairman David Solomon that hit home for Kelly Power. The chief executive of Colonial First State, which manages $180 billion in savings, saw plenty of promise in artificial intelligence. Now – after a week-long superannuation summit in the United States – she also grasps the speed everything is changing.
“I’m now quite paranoid about how we can handle that,” she told one of the discussions organised as part of the trip, this one in New York on Friday. “Like, what’s the play? How fast [can we] act with urgency? We need to just, you know, 10 times the level of focus and attention we put on that.”
