Even with AI, humans still crucial in investing
When it comes to managing long-term portfolios, there are too many moving parts in financial markets for Artificial Intelligence to get its mechanical head around.
MACHINES are starting to take the place of the people who flip burgers, drive across town and, lately, manage stock portfolios.
Artificial intelligence (AI) is taking on a bigger role in making investment decisions.
AI, including an ability to analyse data and actually learn from it, is considered useful in executing certain investing models, such as high-frequency trading, and in helping fund managers with tasks that rely on gathering and interpreting reams of information. Going a step further, an exchange-traded fund (ETF) introduced in October uses AI algorithms to choose long-term stock holdings.
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