Artificial Intelligence applied to the Stock Market: AI for Portfolio Optimization

But wait, hasn't there been a mathematical method for optimizing portfolios around for some years? Right, it's called the Modern portfolio theory (MPT) by economist Harry Markowitz, introduced in a 1952 essay, for which he was later awarded a Nobel Memorial Prize in Economic Sciences. The simple idea of the model is diversification in investing: owning different kinds of financial assets is less risky than owning only one type. Its key insight is that an asset's risk and return should not be assessed by itself, but by how it contributes to a portfolio's overall risk and return. And how can we make it AI?