AI's Hyped Up Attempts at Picking Stocks Are Completely Faceplanting

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? Two researchers, Gary N. Smith, a professor of Economics at Pomona College, and Sam Wyatt, a student at the college and a project lead at Pomona Consulting, conducted an analysis to find out., they argue that "AI-powered investing is particularly interesting because it provides a quantifiable way to assess the abilities of the technology.

Thus, you could argue that if out of 43 funds that partly used an AI system to inform stock decisions,managed to do better than the S&P 500, there appear to be some serious shortcomings with the technology. Collectively, the partly AI-driven funds' average annual rate of return was five percent worse than the index's 12.4 percent.

 

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