This Stanford professor built a 'Terminator' AI fund manager that crushed 93% of human stock pickers. He says junior analysts' jobs are in jeopardy

This Stanford professor built a 'Terminator' AI fund manager that crushed 93% of human stock pickers. He says junior analysts' jobs are in jeopardy

One way to examine AI’s potential is by dropping the finance world’s version of “The Terminator” on 1990’s Wall Street. Researchers at Stanford University and Boston College took that approach and found their bot could significantly boost most fund managers’ returns by de-risking their portfolios. Whether artificial intelligence will augment or replace human labor is fiercely debated across countless industries. Two years ago, researchers at Sta…