AI Makes Unreliable Investment Decisions

  • 📰 sciam
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Until AI algorithms understand what words mean, they won’t be reliable for important decisions—especially those with money on the line

that ChatGPT was “every bit as important as the PC, as the internet.” If that hyperbole was not enough, Sundar Pichai, CEO of Alphabet and Google, proclaimed in athat artificial intelligence “is the most profound technology that humanity is working on—more profound than fire.” Turing Award winner Geoffrey Hinton, with no apparent sense of irony, “I think it’s comparable in scale with the Industrial Revolution or electricity—or maybe the wheel.”.

Steve Hawkins, then president and CEO of Horizons, added, “Unlike today’s portfolio managers who may be susceptible to investor biases such as overconfidence or cognitive dissonance, MIND is devoid of all emotion.” In an analysis that has not yet been peer-reviewed, we looked at all publicly available AI-driven ETFs and mutual funds that have been launched since October 18, 2017. We found 11 funds that are fully AI, such as AIEQ and MIND, in that the investment decisions are made without human intervention. We also found 43 partly AI funds that use AI but allow human involvement. For example, the Qraft AI-Enhanced U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 300. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lincoln Property makes major investment in Dallas retail firmLincoln Property Company announced Tuesday a strategic investment in Dallas-based Centennial, a national retail real estate owner and operator.
Source: dallasnews - 🏆 18. / 71 Read more »

Harman Makes Largest Investment in Film Manufacturing Since the 1990sHarman Technologies has committed a huge investment into film production equipment, the first for any company since the 1990s.
Source: petapixel - 🏆 527. / 51 Read more »