that there are already at least 13 exchange-traded funds being managed by an AI, and ironically, almost none of them bet on this year's surge of the benchmark S&P 500 index, which tracks 500 of the largest companies listed on the US stock exchange — a surge which was significantly driven by the boom in AI.
AIEQ is powered by IBM's Watson AI, calculating its bets based on millions of data points gathered from the news, analyst reports, and even social media. Yet according to theSince its launch in 2017, AIEQ has had a return of 44 percent. In that same period, the ETF based on the S&P performance, SPY, boasted a return of a whopping 93 percent, blowing AIEQ's gains out of the water.
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