Look Out World, Your Artificial Intelligence ETF Is on the Way

The artificial intelligence ETF is going global. The AI Powered International Equity ETF, ticker AIIQ, debuted Wednesday, according to a statement from its creator, EquBot. The exchange-traded fund is the first to use AI technology to pick stocks from developed markets outside of the U.S. It arrives about eight months after San Francisco-based EquBot's first product, the AI Powered Equity ETF, ticker AIEQ, which has gathered almost $140 million in assets. The same software that underpins AIEQ's stock selection system and runs on International Business Machines Corp.'s Watson platform will drive AIIQ. The ETF will create a portfolio of between 80 and 250 stocks -- choosing from more than 15,000 companies across the globe.