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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 85. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: Investingcom - 🏆 450. / 53 Läs mer »