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Could AI 'trading bots' transform the world of investing?
Artificial intelligence is increasing being used to guide investments but risks remain.
Given that AI-powered trading bots may end up putting some highly-trained but expensive human investment managers out of work you might expect Mr Allan to say this. Prof Sandra Wachter also warns that automated AI systems can be at risk of data leakage or something called"model inversion attacks". More than that, it may lose the benefit of intuitive experience and rapid reaction when unprecedented events strike in the future, such as the financial crash, and the Covid pandemic.
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