News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

France Nouvelles Nouvelles

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.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Today: Dow slightly lower as Powell tells House higher rates likely aheadMarketWatch Live: Dow sneaks into positive territory near midday
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Stock Market Today: What to WatchStock futures edge lower, with Fed Chair Jerome Powell set to testify before Congress on Wednesday and Thursday. Follow the latest markets updates.
La source: WSJ - 🏆 98. / 63 Lire la suite »

5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stock market today: Wall Street quiet ahead of Powell testimonyU.S. markets are down a little bit ahead of Federal Reserve Chair Jerome Powell’s appearance before Congress, where he’s expected to field questions about the central bank’s inflation-fighting interest rate policies.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

Rolling recession has turned into a recovery, limiting stock market downsideA rolling recession in the economy is turning into a rolling recovery that should help limit downside in the stock market
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »