Can artificial intelligence (AI) be leveraged to outguess and outperform the market? In this episode of Buckingham Weekly Perspectives, Chief Investment Officer Kevin Grogan explores how AI is being utilized in the financial realm and why Buckingham does not recommend it as an investment strategy.
Buckingham Weekly Perspectives: Can Artificial Intelligence (AI) Outperform the Market? from Buckingham Wealth Partners on Vimeo.
Grogan wanted to answer a common question he's been getting over the course of this year, which is can artificial intelligence be used to outperform the market? And it’s understandable. This has been a common question here lately with all of the news media attention towards artificial intelligence tools.
He thinks one thing that might be a bit surprising to folks is that this artificial intelligence technology has actually been around for a few years now. And while certainly not as high powered as what we’ve seen with Chat GPT and other tools that have come into the public sphere here in recent months, there has been the ability for artificial intelligence to quickly process financial reports, economic data and even gauge sentiment and company earnings calls now for about five or six years.
And there's a lot more!
