What can AI and big data do for finance? - CityAM

Larry Cao, CFA, is the author of AI Pioneers in Investment Management from CFA Institute. AlphaGo brought artificial intelligence (AI) out of computer labs and into the living room. From October 2015, when the AlphaGo AI first beat a professional human competitor, to January 2018, several months after it defeated Ke Jie, the top-ranked player in the world, AI's popularity had tripled as measured by Google Trends. Investment professionals have watched all this from the sidelines with a mixture of excitement and anxiety: Will AI beat humans in investing too? Let me break down some of the report's major revelations.