AI Can Write a Song, but It Can’t Beat the Market

Wall Street's AI revolution has not been successful in beating the market. Limited data sets and noisy market data make it difficult for machine-learning models to predict future stock moves. Investors are becoming more comfortable relying on AI, but results are inconsistent.

April 12, 2023 . 4:04 PM

1 min read

Despite the use of automated algorithms, AI has not been successful in beating the market.
Limited data sets and noisy market data make it difficult for machine-learning models to predict future stock moves.
Investing is adversarial and requires human intervention to compete with rivals.
Investors are becoming more comfortable relying on AI, but results are inconsistent.
AI may democratize trading in the future, but it will take time to develop accurate predictions.