A new ETF uses IBM’s AI technology to help it pick winning stocks

A new ETF uses IBM’s AI technology to help it pick winning stocks
Wall Street’s newest portfolio manager doesn’t eat, sleep, and looks at a million bits of data a day

http://www.marketwatch.com/story/a-...ogy-to-help-it-pick-winning-stocks-2017-10-18


H/T cvds16

 

I have to say that it all sounds a bit too gimmicky to my liking.

 

How is this any different from running a complex scanner for picking stocks. Once in the trade then run another program like HFT algos to create exit scenarios.

 

And there's still a human making the decision.

 

The A.I fund was launched on Wednesday and the news article was written on Thursday. Is it meaningful to make judgement on a one-day performance? The journalist simply wanted to create sensational news or was paid by the fund to advertise. Bad article.

 

But but but.... the backtests! (which weren't published)
But what the hell do I know, the fund will probably have a billion in it, before I can blink my eye.