Bridgewater Launches AI-Driven $2 Billion Fund

Happy 4th of July! 🇺🇸 🎆 You’re reading AI Street, a weekly newsletter about how AI is reshaping Wall Street. I’m Matt Robinson and every Thursday I share the latest news, analysis and AI tools for investors.

In This Week’s AI Street:

• Bridgewater Launches $2 Billion Fund Run by Machine Learning

• 80% of Credit Risk Execs Plan to Use Gen AI Within a Year: McKinsey Survey

• Hebbia Raises Almost $100 for AI-Driven Document Search

• Goldman Sachs Launches Its First Gen AI Tool

• Robinhood Buys AI Platform For Investment Advice

• ➕ AI Finance Links

HEDGE FUNDS Bridgewater Launches $2 Billion Fund Run by Machine Learning

Bridgewater, one of the world’s largest hedge funds, launched a $2 billion fund Monday that uses in-house machine learning to help make investment decisions with plans to include models developed by OpenAI, Anthropic and Perplexity, according to Bloomberg.

The new fund is run by co-chief investment officer Greg Jensen. Bridgewater has been testing the strategy since late last year with about…