As part of Julius Baer’s NEXT initiative, Refik Anadol Studio embarked upon a groundbreaking journey to create a series of multisensory artworks based on an enormous dataset of glacier images from around the world. The topic was chosen by the AI artist as a global symbol of an elixir of life and the fragility of the world. The first chapter of this artwork was presented as an immersive room at the Julius Baer lounge during Art Dubai in March of 2023.
Anadol processed a dataset of visual materials from online and institutional archives along with additional personally collected glacier visuals through machine learning algorithms. Anadol’s unique artistic vision as an internationally acclaimed media artist, director, and pioneer in the aesthetics of data and machine intelligence, came to surface as he transformed the processed dataset into AI-based multisensory narratives. The audio-visual, immersive artwork also had an olfactory component that was created with a pioneering AI model.
The intersection between AI and wealth management
Julius Baer’s AI journey with Anadol at Art Dubai 2023 not only showcases the intersection between AI and art, but also highlights the potential benefits of AI for intermediaries. As AI technologies can revolutionise the way we enjoy art, it can also allow intermediaries to analyse financial data and support them in their decision making process. As an example, AI-powered predictive analytics can analyse large volumes of market data, identify patterns, and forecast future market movements. This enables intermediaries to make more accurate predictions and adjust their investment strategies accordingly, ultimately enhancing portfolio performance.
Risk management is another area where AI can be of benefit to intermediaries. AI algorithms can assess various risk factors, including market volatility, credit risk, and macroeconomic indicators, to provide real-time risk assessments. This allows intermediaries to proactively manage risks and make informed decisions to protect their clients’ investments. AI can also automate compliance processes by monitoring regulatory changes and ensuring that investment strategies align with legal and compliance requirements.
Julius Baer’s collaboration with Anadol in the context of the NEXT initiative demonstrates Julius Baer’s forward-thinking approach to integrating AI into different domains, including both art and wealth management, to drive innovation and create new possibilities for the future. By embracing AI, intermediaries can leverage its capabilities to gain valuable insights, streamline operations, and provide better outcomes for their clients.
Refik Anadol (b. 1985, Istanbul, Turkey) is a media artist, director and pioneer in the aesthetics of data and machine intelligence. His body of work locates creativity at the intersection of humans and machines. In taking the data that flows around us as the primary material and the neural network of a computerized mind as a collaborator, Anadol paints with a thinking brush, offering us radical visualizations of our digitized memories and expanding the possibilities of architecture, narrative, and the body in motion. Anadol’s site-specific AI data sculptures, live audio/visual performances, and immersive installations take many forms, while encouraging us to rethink our engagement with the physical world, its temporal and spatial dimensions, and the creative potential of machines.