JPMorgan Chase & Co. just launched an AI bot that generates trade signals from Fed statements. While AI may soon do the work of Wall Street, it’s unlikely to do any better for investors than the industry it seeks to replace. Investors are more likely to be better off with low-cost index funds that track broad markets. If JPMorgan’s analysts are using Fed statements or headlines to make investment decisions, they’re wasting their time. In fact, the surest way to make money on AI is to buy a broad market index.

Source: The Hindu May 09, 2023 18:11 UTC