Is AI all hype? Or the next revolution in asset management?
2017 saw the advent of the first fully artificial intelligence-powered, daily traded exchange-traded funds (ETFs), with some viewing this as heralding a shift into a new investment paradigm of Autonomous Learning Investment Strategies (ALIS).
What’s new about these investment processes is that the technology learns and adapts as it goes along, based on the information and enormous datasets the algorithms have access to, and on which they are basing their investment decisions and problem solving. All with no human input.
As in other fields of artificial intelligence (AI), this has raised the spectre of Singularity
