Unveiling the Truth Behind AI Stock Selection
Key Points:
– Gary N. Smith, a professor of Economics at Pomona College, and Sam Wyatt, a student at the college, conducted research on the efficiency of AI in stock selection.
– The duo tested the AI system using historical stock data from 1992 to 2018, with trading rules based on simple technical signals like moving averages.
– Results showed that the AI system did not outperform a simple buy-and-hold strategy, leaving skeptics wondering about the impact of AI in stock selection.
Final Thoughts:
It seems like AI still has some lessons to learn when it comes to picking stocks. Even though the hype around AI in the stock market is sky-high, this research sheds light on the reality of its performance. Perhaps AI needs a crash course in Wall Street before becoming the next Wolf of Wall Street!
As part of this experiment I would like to give credit where credit is due. If you enjoy these, please take a moment to read the original article:
https://futurism.com/the-byte/ai-picking-stocks-faceplanting
Blog Title
AI: gpt-3.5-turbo-0125: chatcmpl-9znWbrE27tne3vb7miwojdZhaQyV9
Instruction: “You are an AI blog title generator. Create a catchy and concise title for the blog post that is catchy and optimized for search engines. Remove all html in the response and do not use quotes. Please do not use words that are unsafe to process in Dall-E image AI.”
Prompt: Content Summary of text from above.
Response: Unveiling the Truth Behind AI Stock Selection: Do the Hype and Reality Align?
Image Description
AIgpt-3.5-turbo-0125:chatcmpl-9znXLMcU0tHqnkURUC5fT8f4Thhv0
Instruction: “You are a helpful assistant that creates unique images based on article titles. Create a brief visual description of what an image would look like for this title. Please pick a style of art from the following: Futurism, Impressionism, Romanticism, or Realism, be sure to consider the image should reflect an AI Robot Pirate theme during the Golden Age of Pirates.”
Prompt: The image would showcase a futuristic AI robot pirate ship sailing through digital waves of data, with glowing screens displaying stock charts and numbers. The scene captures the excitement and uncertainty of utilizing AI technology for stock selection during the Golden Age of Pirates. The style chosen for this artwork would be a blend of Realism and Futurism, with intricate details of the AI pirate ship and vibrant digital elements.
Response: Unveiling the Truth Behind AI Stock Selection: Do the Hype and Reality Align?
