AI and investing

Good overview by Aaron Brown of AI’s failure, to date, as a stock trader.

But as, Brown notes, AI plays a powerful role in reduce the amount of noise that investors and analysts have to consume.

Notes Brown: “The main area is processing ‘unstructured data’ like news stories and text reporting. There’s no doubt that AI trumps humans at this; it can read everything, in all languages, and distill the useful information. It can process pictures and anything else that can be converted to bytes in a computer file. The amount of such data is growing rapidly, and the sophistication of algorithms to process them, so AI will continue to advance in this task.”