CFA Institute survey: Lack of standards is hindering companies from accelerating the application of artificial intelligence technology

The CFA Institute, a global organization for investment professionals, has released a survey that found widespread agreement among industry professionals that there is a need to establish standards for the use of artificial intelligence, and that the lack of such standards is hindering the industry's adoption of AI technology. The survey also found that the industry needs to improve its employees' skills in using AI and generative AI tools responsibly. Respondents said that companies are generally unprepared for the technology, while employees are anxious about it.