Joseph Scafidi, Director of Global Trading at Brandes Investment Partners, believes that AI technology is transforming the investment process by streamlining processes, reducing risk and costs, and improving client experience. He noted that the sell side has already seen dramatic changes over the past decade and that buy-side firms are using machine learning algorithms, natural language processing models, and other tools to extract insights and investment ideas. Scafidi also mentioned that portfolio management solutions are expanding optimization capabilities and further integrating risk management platforms to minimize risk and maximize returns.