Latest Investment Products Use A.I. to Analyze Market Trends
*By Bridgette Webb*
Artificial intelligence capabilities have grown exponentially in recent years, and the industry may soon disrupt the asset management sector. Art Amador, EquBot co-founder and COO, is confident the growth will continue ー primarily because machines do all that humans cannot.
"It's impossible for even an army of research analysts to really do what the machine is doing," Amador said Monday in an interview on Cheddar. "The high-level concept is that the A.I. mimics the investment process of an army of research analysts that are working around the clock."
Launched in 2017, EquBot's AIEQ became the first exchange traded fund to use A.I. technology for stock selection.
The fund's introduction coincides with major traction for A.I. on Wall Street. Banking titans like Morgan Stanley and Wells Fargo have launched programs that help analysts with earnings reports and issue stock trade recommendations.
The ETF is up 14 percent so far this year, outpacing the S&P 500.
But the promise of A.I. also stirs the anxiety of finance workers. According to a survey by [Greenwich Associates](https://www.greenwich.com/press-release/artificial-intelligence-coming-disruption-wall-street), finance jobs are among the most at-risk from A.I.
Despite the potential for job loss, Amador still maintains that A.I. will lead to more possibility, not less.
"A.I. is more of a tool," he said. "So we believe it's going to make people more productive. A portfolio manager can manage, instead of four or five portfolios, maybe 20. Or an analyst, instead of covering 30 names, could cover 300 names."
For full interview [click here](https://cheddar.com/videos/why-tesla-bull-ross-gerber-says-he-is-standing-by-automaker).
The Federal Communications Commission knows (to loosely quote Drake) "when that [AI robocall] hotline bling, that can only mean one thing" — deception. The agency says bad actors have been using these voices to misinform voters.
David Stryzewski, CEO of Sound Planning Group, breaks down Disney’s latest results, from adding Taylor Swift to building out ESPN, and why Bob Iger’s leadership is crucial.
Kevin Cohee, CEO and chairman of OneUnited Bank, discusses the power of financial literacy and how education and technology can help bridge the racial wealth gap.
Alex McGrath, Chief Investment Officer at NorthEnd Private Wealth, discusses why the A.I. hype can’t power the market forever and how to position investments in the current market.
Paul Verna of Insider Intelligence breaks down how the company is positioned, whether they can make their streaming service profitable, and the upper limit of streaming bundle prices.
From Flamin’ Hot Cheetos to Sweet Heat Starburst, America’s snacks are getting spicier. Now, Coca-Cola wants in on the trend. The beverage giant introduced Coca-Cola Spiced, the first new permanent offering to its North American portfolio in three years.
Taylor Swift’s camp is hitting Jack Sweeney, a junior at the University of Central Florida, with a cease-and-desist letter that blamed his automated tracking of her private jet for tipping off stalkers as to her location.
