AI isn't ready for Fund Manager job yet. - Analytics Jobs

How good Artificial Intelligence is at making money? On the bases of some AI-driven strategies, it doesn't seems like the robots will take over humans anytime soon. In August 2018, a quantitative staff at Aberdeen Standard Investments began a $10 million Artificial Intelligence Global Equity Fund, betting that an algorithm could be better at figuring out the complicated world of factor than a human portfolio manager. A year later, the fund had under performed the broader inventory market's impressive rally, and the assets had grown only 8%. Institutional investors claim they will hold off committing cash until they see a longer track record. Artificial Intelligence is almost in every area of our lives from virtual tutors to online shopping to customer support to self-driven cars.