Artificial intelligence can now pick stocks and build portfolios. Are human managers about to be replaced? The Chronicle Herald

Outside of their ability to understand a company's fundamentals, one of the skills Raj Lala appreciates most about his portfolio managers is their ability to interpret body language. Sitting across from management teams before making a decision to either invest or divest from their companies, Lala, the CEO of Evolve ETFs, said his portfolio managers can learn a lot from simply reading the room. Maybe they spot a nervous twitch after a question on guidance or a CEO unable to make eye contact when responding to a question about declining revenues. That very human capability was at the forefront of Lala's mind when he was recently pitched on two types of artificial intelligence that he could incorporate into his portfolio management processes. And it's one of the reasons he said no. "I can't see AI getting to that point where it replaces human interaction and, quite honestly, I would say god bless our world if that's the case," Lala said.