Insights Into Investing in AI

BPI Wealth, the wealth management arm of the Bank of the Philippine Islands (BPI), recently hosted "A.I.VOLUTION: Unleashing the Power of AI in Investments," featuring Blackrock’s Managing Director and Head of A.I. Labs Reid Menge, who shared various insights into the transformative potential of artificial intelligence and how different industries can benefit from the AI boom.  

The exclusive private event brought together more than 100 esteemed clients of BPI Wealth who were eager to explore the latest developments in the field of artificial intelligence, its transformative potential, and investment opportunities in technology.  

“The rapid rate of advancement in artificial intelligence holds great promise in addressing challenges and improving many industries including the investment space. However, it's also important to note that AI’s trajectory will depend on how we collectively navigate the ethical and practical considerations surrounding its growth and deployment,” noted BPI Wealth President and CEO Teresa Marcial. 

In his talk, Menge showcased various use cases of AI in large language models, voice optimization, predictive analytics, risk assessment, and data optimization, noting that investors should be on the lookout for new companies that help develop and support AI. 

BPI President and CEO TG Limcaoco said that the bank recognizes the potential of AI to revolutionize banking services, noting the new AI-powered financial management tool in the BPI App. Meanwhile, the BPI World Technology Feeder Fund, which was launched in 2021, has holdings in key technology players including Alphabet, Nvidia, and Microsoft, and is exposed to sectors that are expected to grow with the rapid pace of development in AI, such as software, tech hardware, and semiconductors. 

BPI Named “Best Collection Partner” by SSS 

Bank of the Philippine Islands was recently conferred the 2023 Balikat ng Bayan award for “Best Collection Partner” among universal banks by the Social Security System.  BPI was recognized for delivering exceptional services through BizLink, its online banking platform tailored for SMEs and large corporations, and for its compliance with the provisions of the Social Security Law.