Feb 1, 2023

AI-powered investment fund beats the market

Posted by in categories: finance, robotics/AI, supercomputing

This is still the beginning of what AI can possibly do.

IBM’s Watson supercomputer is working wonders in an area where OpenAI’s ChatGPT does not have much to offer, the stock market. An exchange-traded fund (ETF) is using the power of artificial intelligence (AI) to balance its portfolio and has done pretty well for itself this year, ETF.


ChatGPT responded that the stock market was too hard to predict and that it did not have access to live stock data. However, ETF Managers Group, in partnership with a fintech firm Equbot has been using AI to pick holdings in the $102 million AI-powered Equity ETF (AIEQ) since 2017. The fund has doubled the returns on the Vanguard Total Stock Market ETF (VTI) this year.

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