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

  • 📰 futurism
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Science and Technology News and Videos

? 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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 85. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Four bull stocks and two bear stocks according to Bank of America strategistsFour bull stocks and two bear stocks according to Bank of America strategists
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »