Just last week, I submitted to an AI platform that I use the first quarter financial results of several companies that I invest in and, using some carefully prepared questions, it provided some the kind of analyses that would have normally taken a team of junior associates a week to produce.
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Paid financial advisor must be nervous over AI. My concern is there will be competitive battles between different AI platforms as to which is ‘smarter.’ After all, having the best information on a subject is the key to advantage.
The effect of these platforms will be a smoothing of market fluctuations as traders compete to make money off the tiniest market movements.
As to long-term market movements, that still depends on the underlying companies and the economy (thank God).;-)