Two new artificial intelligence ETFs launched on the New York Stock Exchange on Tuesday via a partnership between Exchange Traded Concepts and Qraft Technologies. The pair of ETFs are the Qraft AI Enhanced U.S. Large-Cap ETF (NYSEArca: QRFT) and the Qraft AI Enhanced U.S. Large Cap Momentum ETF (NYSEArca: AMOM). Hyung-Sik Kim, CEO and co-founder of Qraft Technologies, said they have been working together with ETC to improve the performance of traditional quantitative investment strategies by applying AI technologies. "As our system is ready to compete in the heart of the global financial market, we feel happy but also feel a sense of responsibility for proving AI's capabilities in the financial market," Kim said. "In the future, we expect AI-enhanced products have the potential to become substitutes for broad market indices if we prove it with our technologies. I would like to thank everyone at Qraft and ETC for their hard work."