Why AI Struggles with Analyzing Financial Data to Make Market Predictions and What AQR and BlackRock Say to Do About It

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Michelle deBoer-Jones
Published on
AI Financial Data

The 2024 Morningstar Investment Conference is in the books, and as would be expected, artificial intelligence and machine learning were major topics.

In a panel entitled "Back to the Future: AI and Machine Learning," Michele Aghassi of AQR Capital, Kevin Franklin of BlackRock, Kathryn Kaminski of AlphaSimplex, and Gilbert Haddad of Fidelity discussed the implications for financial research.

Problems with applying AI/ML to the financial markets

Going back to before the days of the Clippit, a.k.a. "Clippy," digital assistant on Microsoft Windows, people have developed numerous applications for artificial intelligence and machine learning, some more useful...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.