AI and ETFs: The Machines Are Coming (But Not Always Winning)

Extract from Financial Times (Joseph Byrum)

“We live in a very complex world, and human intuition does add value,” says Joseph Byrum, chief technology officer at Consilience AI. “I can automate the reading of documents for every company in the universe. But what you can’t train a model for is looking at the way central banks are behaving — there’s a level of idiosyncratic risk I don’t think you’ll ever be able to model.”