Could AI 'trading bots' transform the world of investing? | BBC News

Search for "AI investing" online, and you'll be flooded with endless offers to let artificial intelligence manage your money.

Many prominently suggest that they can offer lucrative returns.

Yet as every reputable financial firm warns – your capital may be at risk.

Despite risks, a sizeable number of investors are seemingly keen to let AI make decisions for them.

Business psychologist Stuart Duff, of consultancy firm Pearn Kandola, says some people simply trust computers more than other humans.

#AI #Investing #BBCNews

[walterppk]

Algorithmic trading is one of the oldest large scale applications of machine learning. This report would have been timely around 2005

[jacksonlucas]

The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

[ngrader]

7:35 Let's get one thing straight here. It's not AI that's going to cause the next financial crash, it's going to be the same thing it always is. Human greed. Cars don't kill people, people kill people.

[ryanellison]

“Banks or financial firms shouldn’t be touching this stuff”

LOL

[EliteClass-oq]

She, said..."the united States doesn't like to sign anything that has human rights in the title". That's so true.

[coastcity]

My guess is, within the next 20 years, an AI system will become so advanced and powerful that some people will begin to worship it

[ragoflex]

My brother in Christ…AI / algorithms / quants have been running trading on financial markets for decades lol. This would be like a segment in 2024 worrying about whether autopilot should fly planes.

[herbertgunibert]

So, she is Okay for AI to used in medical research but not financial (Investing) purpose.

[jakel]

Warren Buffet: Who are you?

Warren Buffet trading bot: I'm you, but stronger, smarter, richer, and eternal

Warren Buffet: Well f***

[curtheisler]

Boooo. Heavily biased against AI. Stephanie this isn't pseudo science it's a new field and you're too daft to see it.

[kodiakbear]

Good. I have difficulty communicating because I had a stroke in Broca’s area, the part of the brain that controls speech. 2/8/2021 but I lived again. (My wife helped me compose this.)

[dimitristripakis]

It is a serious risk that, at some point, the AI trading bots decide to intentionally short everything down 99%, then rebuy everything for 1% of the price. If the AIs could syndicate a lot of money, it is possible. Brrrr....!

[manishk]

conversations like this will not affect AI and its progress. These people don’t understand AI is not software that u can stop or change as per sensibility. It’s coming embrace it or get fucked

[Nasiruify]

Sounds like a bad idea if not carefully moderated

[TechSiyaad]

So, only Europe and the US are the international community creating AI rules! Everyone else should follow these rules otherwise they will get sanctioned.. Tech is now everywhere so if rules need to be applied to everyone, every country in the world should be consulted.

[cusodha]

At the end AI will konow that holding stocks for long term makes most profit.

[samsand]

when somebody has more confidence than knowledge

[metalicminer]

I thought the stock exchange was already rigged?

[zomgoose]

It's like stock traders don't actually do anything of value...

[JeffHenry-cqis]

Already have computers buying and selling