AI Powered Equity ETF (ticker: AIEQ) is an actively managed fund, but the stocks are selected by IBM's Watson using algorithms developed by EquBot. The San Francisco firm's co-founders, Chida Khatua and Art Amador, joined Bloomberg's Scarlet Fu to discuss how the ETF is structured, AIEQ's performance and the limits of AI-investing.

Sometimes you just want to buy a decent, affordable bottle of wine without having to know anything about tannins or smokey overtones. An iPad kiosk called VineSleuth wants to help. When it arrives in grocery store aisles next year, you'll be able to press a button and say what you want in your own words. "I'd like a cheap rosé that's not too sweet to go with a Caesar salad." Sounds simple enough, but understanding natural spoken language, picking out keywords and using them to identify specific wines is complicated.