We've gone through a number of a technological revolutions in investing whether it was the dawn of the high frequency trading era or the introduction of robotraders. When it comes to AI, the big question that remains in the investment context is whether or not the technology will be implemented like those past tech innovations — meaning it will be integrated into the flow of the business without upending everything as we know it — or if AI will transform the very nature of investing. Right now, AI's use in investing is a mixed bag: People are excited about its potential, but several firms are still trying to figure out its value. Today, we speak with Man Group's CTO Gary Collier and Head of Data and AI Tushara Fernando about how one of the largest publicly-traded hedge funds in the world is actually implementing AI into its work. We speak with them about empowering their quants with AI tools, the challenge of integrating AI safely, and the creative ways their staff is thinking about token spending, which is up 86 fold this year. Chapters: 00:00:00 - Pre-Show Discussion on Token Consumption Growth 00:01:00 - Introduction and AI's Role in Investment Discussion 00:05:22 - Guest Introductions and Man Group Overview 00:06:55 - Evolution from Machine Learning to AI 00:08:35 - Practical AI Implementation Across Roles 00:13:32 - Agentic Workflows and Systematic Strategy Building 00:16:13 - Current Bottlenecks and Challenges 00:18:35 - Data Architecture and Processing 00:22:24 - Model Selection Strategy 00:27:34 - Token Usage Explosion 00:31:22 - Trading Decisions Explainability and Risk Management 00:33:49 - Market Expansion Opportunities 00:36:13 - Talent and Hiring Evolution 00:39:00 - Democratization vs Superstar Effects 00:41:30 - Token Spend as Labor Substitute 00:43:10 - Competitive Dynamics and Alpha Sources 00:46:03 - Organizational Structure and Forward-Deployed Engineers 00:48:14 - Knowledge Sharing and Alignment 00:50:04 - Conclusion and Wrap-up Watch Bloomberg Vodcasts: https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Watch more Odd Lots episodes: https://www.youtube.com/playlist?list=PLe4PRejZgr0OJbRzA6nWybYiThLJd_ouz Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets. Join the conversation: discord.gg/oddlots Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Check out more Odd Lots: https://youtube.com/playlist?list=PLe4PRejZgr0MuA6M0zkZyy-99-qc87wKV Get the Odd Lots newsletter: https://www.bloomberg.com/account/newsletters/oddlots And for all things Odd Lots, visit https://www.bloomberg.com/oddlots #Investing #Markets #Finance #Bloomberg #Podcast #OddLots Visit us: https://www.bloomberg.com/podcasts For coverage on news, markets and more: http://www.bloomberg.com/video Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg