Have you thought about how artificial intelligence (AI) could help investors in the future? It's fascinating to imagine the benefits AI could bring in the areas of trading and company analysis.
AI has enormous potential to improve investment decision-making due to its ability to process and analyse vast amounts of data quickly and efficiently. For example, through machine learning algorithms, AI could identify patterns and trends in financial markets that would not be readily apparent to human analysts. This could help to better predict future price movements and minimise risk.
Another area where AI could excel is in the analysis of companies. With the help of AI, it would be possible to collect, process and compare vast amounts of corporate data from different sources. This would allow investors to gain comprehensive and objective information about company performance, financial health and potential risks. This would make investment decisions more informed and efficient.
Of course, it is important to note that AI is no substitute for human intellect and experience. However, it is a tool that can provide investors with valuable insights and information that they might otherwise overlook. The use of AI in the investment world is still in development, but its potential is staggering.
How do you see it? Would you use AI tools in your analysis or trading?
By the way :) Text-ChatGPT, image - Midjourney AI :)
It would definitely be cool. It would make my job a lot easier. I mean, there's a lot of potential there.
For me, the main strength of AI is its ability to quickly sift through, for example, company reports and pull out interesting points. It saves a lot of time and allows for even broader diversification in stockpicking.
This is one of the reasons I don't get into day trading. Fund professionals have massive computer capacity and special programs available today. And to beat them as an amateur? Well, if someone succeeds in the long run so👍 but I see a huge risk in this even without widely implemented AI. Day trading is a zero sum game in my opinion (I neglect the change in sum value of stocks during trading) and if professionals are able to make money in it in sum it is because most amateurs lose. That won't change with AI. I don't think an amateur will ever get AI specifically trained for this purpose.
But he can contribute to the fund that specialized IA supports today (if he has at least $5mm which is the minimum vstup☹️) or if he is a data scientist and can enter his model in a tournament. Well for me also ☹️ but maybe it will interest someone.
https://numer.ai/fund
I would certainly use it but I believe that AI has been around in the world of trading and investing for a long time, it just hasn't been allowed into retail yet... However, when that happens, then a trader without AI will be out of options o against a trader with AI :)
If everyone uses AI to invest, everyone will be equally right, so no one will make anything. Probably great for trading because of the lack of emotional side. I really don't know, I can't imagine it well, anyway, great for pumping and listing information.