The investment chief behind the AI-driven fund that uses IBM's Watson supercomputer explains how bots like ChatGPT will change markets
Meanwhile, the AI Powered Equity ETF, which holds 210 assets in its portfolio, has gained popularity, with average volume soaring to 90,000 over the last five days from 10,000 previously.
"The increase in assets, and increase in different trades, make an impact," he said."These tools are improving, and the operators that are using the algorithms are improving. They'll become more accurate. The theoretical accuracy of a model is meant to improve, get better at picking assets."53% of institutional traders
But while many asset managers are limited to decisions based on traditional market data, IBM's Watson can parse through unstructured data and sentiment-based information, such as tweets or online text. "AI will allow analysts to become more efficient in their respective areas," he said."We're going to see different operators find more utility, different folks who have different investment ideas will be able to test and trade on these ideas using AI. Those innovations will evolve."
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