AI | T. Rowe Price CEO Discusses Passive Investing, 401(k) Private Assets

T. Rowe Price CEO Rob Sharps said the firm is adapting to the rise of passive investing, according to Bloomberg. Speaking with Romaine Bostick on "Bloomberg The Close," Sharps said private assets are slowly moving into 401(k) plans, described tax-loss harvesting as a growth area, and discussed how the company is using artificial intelligence.