AI outperforms traditional stock analysts [Video]

In a recent analysis, Roula Khalaf, Editor of the Financial Times, highlights the growing role of artificial intelligence (AI) in investment strategies, noting that AI outperforms traditional stock analysts in earnings forecasts. Despite this, the adoption of AI by financial professionals faces challenges. Research by data scientist César Hidalgo reveals that human advisors often rely on their intuition and experience, leading to a bias against machine-generated predictions, even when AI demonstrates superior accuracy. Khalaf points out that financial strategists are particularly resistant to change due to strong personal convictions about market trends and a desire for control over decision-making processes. To bridge this gap, experts may need to customise AI recommendations, integrating personal insights that machines cannot access. Additionally, making AI more transparent and explainable can foster trust, essential for client relationships in finance. As the demand for accountability in financial advice increases, the integration of AI’s analytical power with human expertise may reshape the landscape of wealth management.

https://www.ft.com/content/1ce14f3a-e12a-46a4-8367-07b1ec30256d

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