AI PhD here. AI is worse for another reason: amplification of bias in the data and / or bogus correlations. If anyone is considering using an AI assistant for that, firstly ask yourselves: What data has it been trained on? Is this data that can give me what I want? E.g. if itās trained to predict performance based on historical performance, then this is just a case of āpast performance is not predictive of future performanceā but on steroids. If itās trained additionally on things such as news articles, etc, then this is just hype/emotional trading on steroids. The only case in which I would consider using an algorithm to do my investments for me is if the algorithm is based on analysis of the fundamentals of the company. But you donāt really need AI for that.
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