Artificial Intelligence

Most Family Offices Invest in AI, but Far Fewer Use It

Family offices have added artificial intelligence to their investment portfolios at a healthy clip — but they are moving much more slowly when it comes to adopting the technology for their own operations, according to a new Citi Private Bank survey.

AI Risks and Rewards for Family Offices

AI offers family offices new paths to increased productivity but also unfortunately provides a new avenue for cybercriminals looking to exploit wealthy families.

The Promise and Risk of AI for Family Offices

AI promises to revolutionize family offices by enhancing efficiency and decision-making, yet it comes with significant risks like data privacy concerns, accuracy issues, and cybersecurity threats. As family offices explore AI's potential for streamlining operations and improving content creation, they must navigate the delicate balance of reaping its benefits while implementing robust security measures and comprehensive staff training to safeguard against its inherent challenges.