Artificial intelligence has the potential to make people’s lives easier with personalized product recommendations, meal plans and quicker access to relevant information.
Investing is not immune: Some investors are turning to new AI tools for stock picks and advice on how to manage their portfolios.
The popularity of AI tools is growing among investors, but are these developments beneficial for returns? Does it make sense to use AI for your stock picks instead of investing in a mutual fund or exchange-traded fund and relying on the fund’s managers to make your picks?
The answers to these questions are still unfolding, as the AI industry challenges how people think and expands their perceived capabilities, to the point that some speculate that AI could replace or even outperform fund managers and supplant financial advisors. Others aren’t completely convinced. Here are some of the factors surrounding AI’s future role in investment planning.
This post originally appeared at U.S. News & World Report.