IBM Watson-infused robo wants to help advisors, not beat them

IBM Watson, the computing system smart enough to provide doctors with recommendations for treating lung cancer, is now ready to assist financial planners to give advice. After months in development, Marstone, a new robo adviser, officially launched on Pershing’s custodial platform on Thursday, offering institutional clients a digital advice engine powered by IBM’s famed artificial intelligence system, Watson. Though he declined to give specific figures, Marstone COO Burt Esrig said the firm is working with a significant pipeline of financial institutions, most of them Pershing custody clients, as it rolls out its Powered by Marstone platform. Quote Few AI efforts, however, have the public profile of IBM Watson, which captured widespread attention after beating a panel of Jeopardy champions. The move is part of a concerted effort to develop digital…


Link to Full Article: IBM Watson-infused robo wants to help advisors, not beat them