When robots take over your portfolio (and hopefully make you rich)

“As we enter the age of AI investing, it’s not hard to imagine a future where investors are replaced by robots. But what happens when those robots start investing in other robots? Are we headed towards a robot investing singularity, where machines are just trading stocks with each other in a never-ending cycle of profit and loss? One thing’s for sure – we better hope those robots are better at investing than they are at dancing.

“And let’s not forget the inevitable rise of the AI investment banker. No more smarmy Wall Street types in expensive suits – just a room full of computers with fancy degrees from the Ivy League. Will they still be sending out ‘Happy Holidays’ cards and taking clients to lunch at the Four Seasons? Or will they just be sending out algorithm-generated memes and offering a free month of Amazon Prime as a sign-up bonus? Only time will tell, but one thing is certain: the robots are coming for our jobs, and apparently our portfolios too.’’

THE two paragraphs above, and the title of this article, were created by ChatGPT in response to my query that I was going to write about artificial intelligence (AI) and investing. In the last two months I’ve fielded more questions from investors about AI in general, and ChatGPT in particular, than any other topic.