For many years, chess was seen as a key milestone for software developers in the search for artificial intelligence (AI) because it is a game that requires strategy, foresight and logic — qualities that form the bedrock of human intelligence. With Kasparov’s defeat came new horizons for computer programmers to test their creations against, with the ancient Chinese game Go and poker having been conquered by early 2017.
So why not turn IT genius to the game of picking stocks? In reality, the world of software development already has and according to reports, 40% of all hedge funds launched in 2015 used AI for investment decision-making. The question is, does this mean machines replace fundamental stock pickers going forward, and how does this change the world for investors today?
Find out more about implications for investors.