These days, A.I. is used in everything from smart home assistants to self-driving cars. And one newly-launched ETF is now using the technology to find investment opportunities for blockchain.
"One of the tough things about thematic investing, is that thematics don't show up in 10-Ks and 10-Qs. They're not showing up in financials, so taking a traditional analytical approach is a little challenging," said Matt Markiewicz, managing director at Innovation Shares, which launched the A.I.-powered KOIN ETF this week.
"By using machine learning and textual analysis, you're able to uncover securities that might not otherwise be too obvious to a CIO or a team of analysts."
The algorithm scours online platforms and databases for indications that a company is involved in blockchain. Those that pass the screen are grouped into categories, ranked, and put into an index tracked by the ETF.
While that process yields some obvious names such as IBM and Overstock, both of which have been actively involved in blockchain, it also includes what might be considered surprising choices: BP, DISH Network, and Expedia.
For the full interview, [click here](https://cheddar.com/videos/detecting-blockchain-investments-with-a-i).
Apple announced that it's releasing an iPhone security update to prevent attackers from acquiring users' private passcodes.
As the new year approaches, many people are looking to find a job with a higher salary or are planning to ask their current boss for a raise. Taliya Bashani, real estate attorney and negotiation expert, joined Cheddar News to provide tips on how to properly and better negotiate better financial terms.
Meta says it will start testing a program that would allow posts from Threads to appear on other social media sites.
Several healthcare companies are reportedly joining President Biden's artificial intelligence risk management plan.
The Biden administration says it will impose inflation penalties on dozens of drug makers to lower costs for those on Medicare.
Two of the top low-cost online retailers are going head to head in a new legal battle. Cheddar News' Michelle Castillo breaks the lawsuit down.
The number of Americans filing for jobless benefits fell last week as the labor market continues to thrive despite high interest rates and elevated costs.
The earliest version of Disney's Mickey Mouse will become public domain on Jan. 1, 2024.
The toy magic oven called the Cookeez Makery is one of the hottest toys for kids this holiday season.
In the UK, IKEA is looking to give away some meatballs, and not just regular-size meatballs.
