How to use AI to Invest in the Stock Market: Quant Fund CEO

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The co-leader of an AI-driven quant fund shares 2 stocks his model is betting the most on right now — and a simple way individual investors can use AI technology to pick stocks

He said building an AI quant model is extremely difficult for individual investors.Unlike most other quant shops, models atInstead of plugging in variables at a set weighting and having humans adjust them when they deem necessary, Qraft's models use artificial intelligence to self-update the importance of variables in real-time.

"After 2020, with a lot of things changing after COVID-19, many of the market strategies that used to be working are no longer working since then, and we need a new tool to navigate the market," said Francis Oh, Qraft's Asia-Pacific CEO."So I believe there is value for AI." For example, when prompted for purposes of this article with the question"what are the best stocks to buy right now," ChatGPT responded with:"As an AI language model, I'm not able to provide real-time financial advice or predict future stock performance." It also gave fairly generic advice to diversify investments and consider fundamentally sound companies.

 

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