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Financial firms have generally been slow to accept artificially intelligent stock pickers. They have already invested billions collectively to bring in quantitative analysts, who do major number crunching as well as develop powerful non-AI algorithms. Some argue that there isn't a lot of easy money left on the table for AI to pick up. Even so, hedge funds are now starting to turn to AI to give them an edge. Hedge fund managers, with their high fees (typically 20 percent of profits and 2 percent off the top of whatever an investor puts in), need to have healthy returns to justify the costs.