Can machines 'learn' finance?
AQR Capital has highlighted some features that differentiate finance from domains where machine learning has a demonstrated, positive track record
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ARTIFICIAL intelligence (AI) or machine learning are exciting buzzwords in the last few years. From automotive, to medical to legal to finance, AI is seen as having the potential to disrupt all these industries, threatening to create mass unemployment in its wake.
In the field of finance, a few funds have been launched which are marketed as "AI-powered".
Let's explore a little deeper if indeed AI has the ability to deliver superior returns as compared to funds managed by humans, which without question, are plagued by a great many cognitive flaws and as such oftentimes make decisions that are far from rational.
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