Use AI for Picking Stocks? Not So Fast

Artificial intelligence burst onto Wall Street several years ago, to fanfare and hope. Unfortunately, AI-based investing strategies have struggled to live up to some of the more inflated expectations for their performance. There is no denying these strategies' theoretical promise. By being able to sift through otherwise prohibitively large amounts of data, and then "learn" from it, AI is supposed to be able to discover profitable patterns that were previously invisible to mere mortals.