Asset manager capitalism and the political economy of artificial intelligence

Andrea Lagna*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Artificial intelligence (AI) represents the next technological frontier in asset management. Drawing on the asset manager capitalism literature in International Political Economy (IPE) and the scholarship on machine learning (ML) in Social Studies of Finance (SSF), I propose a framework to guide research on how AI is redefining competition in the asset management sector and augmenting the power of investment management giants. This framework comprises three interrelated thematic areas: (a) the intersections of asset management and AI; (b) the intelligent technologies of asset management; and (c) the power of asset management firms in the data economy. This research agenda encourages greater collaboration between IPE and SSF scholars in exploring the emerging AI-driven power dynamics in asset management. Additionally, it enables IPE scholars to enrich interdisciplinary conversations on the political economy of AI.

Original languageEnglish
JournalReview of International Political Economy
DOIs
Publication statusE-pub ahead of print - 5 Dec 2024

Keywords

  • Artificial intelligence (AI)
  • asset management
  • Critical Data Studies (CDS)
  • financial technology (fintech)
  • Information Systems (IS)
  • International Political Economy (IPE)
  • machine learning (ML)
  • Social Studies of Finance (SSF)

Research Beacons, Institutes and Platforms

  • Global inequalities
  • Digital Futures

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