[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"nav-categories":3,"article-ai-s-hyped-up-attempts-at-picking-stocks-are-completely-faceplanting":70},{"data":4},[5,37,57,64],{"name":6,"slug":7,"categories":8},"Productivity","productivity",[9,13,17,21,25,29,33],{"id":10,"title":11,"slug":12},17,"Branding","branding",{"id":14,"title":15,"slug":16},19,"Marketing","marketing",{"id":18,"title":19,"slug":20},20,"Work","work",{"id":22,"title":23,"slug":24},34,"Community","community",{"id":26,"title":27,"slug":28},21,"For newbies","for-newbies",{"id":30,"title":31,"slug":32},24,"Investment","investment",{"id":34,"title":35,"slug":36},22,"Finance","finance",{"name":38,"slug":39,"categories":40},"Tech","tech",[41,45,49,53],{"id":42,"title":43,"slug":44},28,"Technology","technology",{"id":46,"title":47,"slug":48},32,"Artificial Intelligence","artificial-intelligence",{"id":50,"title":51,"slug":52},26,"Security and protection","security-and-protection",{"id":54,"title":55,"slug":56},31,"YouTube Blog","youtube-blog",{"name":58,"slug":59,"categories":60},"News","news",[61],{"id":62,"title":58,"slug":63},18,"quasanews",{"name":65,"slug":66,"categories":67},"Business","business",[68],{"id":69,"title":65,"slug":66},16,{"post":71,"published_news":92,"popular_news":156,"categories":227},{"title":72,"description":73,"meta_title":72,"meta_description":73,"meta_keywords":74,"text":75,"slug":76,"created_at":77,"publish_at":78,"formatted_created_at":79,"category_id":46,"links":80,"view_type":84,"video_url":82,"views":85,"likes":86,"lang":87,"comments_count":86,"category":88},"AI's Hyped Up Attempts at Picking Stocks Are Completely Faceplanting","There's no denying that AI hype has been gangbusters for the stock market, even if the whole thing's a bubble.","AI, artificial intelligence, Faceplanting","\u003Cp>Hello!\u003C/p>\n\n\u003Cp>There's no denying that \u003Ca href=\"https://quasa.io/media/how-to-use-artificial-intelligence-ai-for-lead-generation\">AI\u003C/a> hype has been gangbusters for the stock market, even if the whole thing's a bubble.\u003C/p>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/foto-20/aistock-1.webp\" type=\"image/webp\">\u003Cimg alt=\"AI's Hyped Up Attempts at Picking Stocks Are Completely Faceplanting\" class=\"image-align-left\" height=\"181\" src=\"https://cdn.quasa.io/photos/foto-20/aistock-1.jpeg\" width=\"279\" />\u003C/picture>But how good is AI itself at actually \u003Cem>selecting \u003C/em>stocks? Two researchers, Gary N. Smith, a professor of Economics at Pomona College, and Sam Wyatt, a student at the college and a project lead at Pomona Consulting, conducted an analysis to find out.\u003C/p>\n\n\u003Cp>Writing in a piece for \u003Cem>Scientific American\u003C/em>, they argue that "AI-powered investing is particularly interesting because it provides a quantifiable way to assess the abilities of the technology."\u003C/p>\n\n\u003Cp>And their findings, which are yet to be peer-reviewed, suggest that the abilities are shoddy.\u003C/p>\n\n\u003Cp>Smith and Wyatt looked at every publicly available exchange-traded fund launched since October 2017 that either partly or fully depended on an AI system to make stock decisions — and the vast majority of them performed \u003Cem>worse \u003C/em>than the S&P 500, an index of 500 of the largest companies listed on the US stock exchange.\u003C/p>\n\n\u003Cp>Tellingly, over half of the funds have since been shuttered.\u003C/p>\n\n\u003Ch4>\u003Cstrong>Ill-Fated Investments\u003C/strong>\u003C/h4>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/foto-20/aistock-3.webp\" type=\"image/webp\">\u003Cimg alt=\"AI's Hyped Up Attempts at Picking Stocks Are Completely Faceplanting\" class=\"image-align-left\" height=\"183\" src=\"https://cdn.quasa.io/photos/foto-20/aistock-3.jpeg\" width=\"275\" />\u003C/picture>For some context,  the S&P 500 is considered a benchmark of the stock market's health. If it's doing well and your fund isn't, then you're not cashing in on the gravy train.\u003C/p>\n\n\u003Cp>Thus, you could argue that if out of 43 funds that partly used an AI system to inform stock decisions, \u003Cem>only ten\u003C/em> managed to do better than the S&P 500, there appear to be some serious shortcomings with the technology.\u003C/p>\n\n\u003Cp>Collectively, the partly \u003Ca href=\"https://quasa.io/media/what-are-the-benefits-and-risks-of-artificial-intelligence\">AI\u003C/a>-driven funds' average annual rate of return was five percent worse than the index's 12.4 percent.\u003C/p>\n\n\u003Cp>But maybe in those cases, the humans in the mix cramped the AIs' style. How did fully AI funds with no human intervention do?\u003C/p>\n\n\u003Cp>Even worse, it turns out. All 11 lagged behind the S&P 500, and six even managed to \u003Cem>lose \u003C/em>money in what's generally been a buoyant market. "Overall, the 11 fully AI funds lost 1.8 percent per year on average, while the S&P 500 gave investors an average annual return of 7.6 percent," the researchers wrote.\u003C/p>\n\n\u003Cp>\u003Cpicture class=\"image-align-left\">\u003Csource srcset=\"https://cdn.quasa.io/photos/foto-20/aistock-4.webp\" type=\"image/webp\">\u003Cimg alt=\"AI's Hyped Up Attempts at Picking Stocks Are Completely Faceplanting\" class=\"image-align-left\" height=\"163\" src=\"https://cdn.quasa.io/photos/foto-20/aistock-4.jpg\" width=\"300\" />\u003C/picture>(Remember, anyone can invest in the S&P 500 for a lower-risk stock experience, rendering the case for these AI-managed funds extremely dim at present.)\u003C/p>\n\n\u003Cp>Where the tech is going wrong, Smith and Wyatt argue, is that AI can correlate data, but it can't understand it.\u003C/p>\n\n\u003Cp>"The Achilles' heel of \u003Ca href=\"https://quasa.io/media/is-artificial-intelligence-future-of-video-advertising\">AI \u003C/a>systems is that while they are unparalleled at finding statistical patterns, they have no way of judging whether the patterns they find are plausible or pointless," they wrote.\u003C/p>\n\n\u003Cp>"Until AI algorithms understand what words mean and how they relate to the real world, they will continue to be unreliable for important decisions, including but not limited to investing."\u003C/p>\n\n\u003Cp>Also read:\u003C/p>\n\n\u003Cul>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/ignoring-this-benefit-of-ulips-can-cost-you-money\">Ignoring This Benefit of ULIPs can Cost You Money!\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/long-term-loans-a-twist-towards-victory\">Long Term Loans – A Twist Towards Victory\u003C/a>\u003C/li>\n\t\u003Cli>\u003Ca href=\"https://quasa.io/media/public-list-from-quasa-good-to-read\">Public list from QUASA "Good to read"\u003C/a>\u003C/li>\n\u003C/ul>\n\n\u003Cp>Thank you!\u003Cbr />\nJoin us on social media!\u003Cbr />\nSee you! \u003C/p>","ai-s-hyped-up-attempts-at-picking-stocks-are-completely-faceplanting","2024-10-13T10:17:54.000000Z","2024-10-13T09:00:00.000000Z","13.10.2024",{"image":81,"image_webp":82,"thumb":83,"thumb_webp":83},"https://cdn.quasa.io/images/news/uDUBJja6isofDW1s7ysYqSXJnVGczjfcYSd5kTXS.webp",null,"https://cdn.quasa.io/thumbs/news-thumb/images/news/uDUBJja6isofDW1s7ysYqSXJnVGczjfcYSd5kTXS.webp","small",1121,0,"en",{"id":46,"title":47,"slug":48,"meta_title":47,"meta_description":89,"meta_keywords":89,"deleted_at":82,"created_at":90,"updated_at":91,"lang":87},"Artificial Intelligence, ai, ml, machine learning, chatgpt, future","2024-09-22T08:08:27.000000Z","2024-09-23T12:49:38.000000Z",[93,107,118,130,143],{"title":94,"description":95,"slug":96,"created_at":97,"publish_at":97,"formatted_created_at":98,"category":99,"links":100,"view_type":84,"video_url":82,"views":105,"likes":86,"lang":87,"comments_count":86,"is_pinned":106},"Cloudflare Just Made Email a First-Class Citizen for AI Agents — And Traditional Email Services Are Feeling It","On April 17, 2026, Cloudflare quietly turned a long-standing dream into reality: it moved Email Service into public beta and added full Email Sending alongside the years-old Email 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AI platforms to big corporations, Mozilla’s subsidiary MZLA Technologies has taken a very different route.","mozilla-nails-it-thunderbolt-brings-chatgpt-at-home-to-the-enterprise-without-vendor-lock-in","2026-04-19T15:37:27.000000Z",{"title":58,"slug":63},{"image":114,"image_webp":115,"thumb":116,"thumb_webp":117},"https://cdn.quasa.io/images/news/qaAODXSpJy6qpJc0eO9DQ2Y6ccJR1tlL5i3mN0kV.jpg","https://cdn.quasa.io/images/news/qaAODXSpJy6qpJc0eO9DQ2Y6ccJR1tlL5i3mN0kV.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/qaAODXSpJy6qpJc0eO9DQ2Y6ccJR1tlL5i3mN0kV.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/qaAODXSpJy6qpJc0eO9DQ2Y6ccJR1tlL5i3mN0kV.webp",{"title":119,"description":120,"slug":121,"created_at":122,"publish_at":122,"formatted_created_at":98,"category":123,"links":124,"view_type":84,"video_url":82,"views":129,"likes":86,"lang":87,"comments_count":86,"is_pinned":106},"X Is Finally Cracking Down on Unlabeled Ads — And It’s Personal","For years, X (formerly Twitter) has been a playground for undisclosed promotions, coordinated spam networks, and “native” advertising that masquerades as organic content.","x-is-finally-cracking-down-on-unlabeled-ads-and-it-s-personal","2026-04-19T15:07:48.000000Z",{"title":65,"slug":66},{"image":125,"image_webp":126,"thumb":127,"thumb_webp":128},"https://cdn.quasa.io/images/news/CQJ1gdssFGyJpfhfmRU2X4WT5fk5Boc8APXsjWX6.jpg","https://cdn.quasa.io/images/news/CQJ1gdssFGyJpfhfmRU2X4WT5fk5Boc8APXsjWX6.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/CQJ1gdssFGyJpfhfmRU2X4WT5fk5Boc8APXsjWX6.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/CQJ1gdssFGyJpfhfmRU2X4WT5fk5Boc8APXsjWX6.webp",33,{"title":131,"description":132,"slug":133,"created_at":134,"publish_at":135,"formatted_created_at":98,"category":136,"links":137,"view_type":84,"video_url":82,"views":142,"likes":86,"lang":87,"comments_count":86,"is_pinned":106},"Bitcoin Developers Propose BIP-361: Quantum-Proof Migration That Would Freeze Millions of Legacy Coins","In a move that could reshape the security of Bitcoin’s unspent transaction outputs forever, Bitcoin developers have introduced BIP-361 — officially titled “Post Quantum Migration and Legacy Signature Sunset.”","bitcoin-developers-propose-bip-361-quantum-proof-migration-that-would-freeze-millions-of-legacy-coins","2026-04-17T11:38:06.000000Z","2026-04-19T11:29:00.000000Z",{"title":43,"slug":44},{"image":138,"image_webp":139,"thumb":140,"thumb_webp":141},"https://cdn.quasa.io/images/news/XW07GuAbFLRaVskP2iUsv0witLmM4GwiSlwMPZpp.jpg","https://cdn.quasa.io/images/news/XW07GuAbFLRaVskP2iUsv0witLmM4GwiSlwMPZpp.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/XW07GuAbFLRaVskP2iUsv0witLmM4GwiSlwMPZpp.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/XW07GuAbFLRaVskP2iUsv0witLmM4GwiSlwMPZpp.webp",53,{"title":144,"description":145,"slug":146,"created_at":147,"publish_at":148,"formatted_created_at":98,"category":149,"links":150,"view_type":84,"video_url":82,"views":155,"likes":86,"lang":87,"comments_count":86,"is_pinned":106},"Thomas Peterffy’s Bold Vision for Prediction Markets: Why Interactive Brokers Is Betting Big on “Useful” Bets","In a wide-ranging conversation on Bloomberg’s Odd Lots podcast, Thomas Peterffy — founder, chairman, and CEO of Interactive Brokers (IBKR) — sat down to discuss one of the most intriguing projects in his company’s 50-year history: IBKR ForecastTrader, the brokerage giant’s freshly launched prediction market 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Enterprisers are people who undertake a business or enterprise with the chance of earning profits or suffering from loss.","the-anatomy-of-an-entrepreneur","2021-08-04T15:18:21.000000Z","2025-12-14T06:09:00.000000Z","14.12.2025",{"title":65,"slug":66},{"image":166,"image_webp":82,"thumb":167,"thumb_webp":167},"https://cdn.quasa.io/images/news/mVsXPTMuHZuI7UXCsENgL1Qwp1uSOf7Rz3uVPMfm.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/mVsXPTMuHZuI7UXCsENgL1Qwp1uSOf7Rz3uVPMfm.webp",70829,2,{"title":171,"description":172,"slug":173,"created_at":174,"publish_at":175,"formatted_created_at":176,"category":177,"links":178,"view_type":183,"video_url":82,"views":184,"likes":185,"lang":87,"comments_count":86,"is_pinned":106},"Advertising on QUASA","QUASA MEDIA is read by more than 400 thousand people a month. We offer to place your article, add a link or order the writing of an article for publication.","advertising-on-quasa","2022-07-06T07:33:02.000000Z","2025-12-15T17:33:02.000000Z","15.12.2025",{"title":58,"slug":63},{"image":179,"image_webp":180,"thumb":181,"thumb_webp":182},"https://cdn.quasa.io/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","https://cdn.quasa.io/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/45SvmdsTQbiyc3nxgbyHY1mpVbisYyub2BCHjqBL.webp","large",70593,4,{"title":187,"description":188,"slug":189,"created_at":190,"publish_at":191,"formatted_created_at":192,"category":193,"links":194,"view_type":84,"video_url":82,"views":197,"likes":185,"lang":87,"comments_count":86,"is_pinned":106},"What is a Startup?","A startup is not a new company, not a tech company, nor a new tech company. You can be a new tech company, if your goal is not to grow high and fast; then, you are not a startup. ","what-is-a-startup","2021-08-04T12:05:17.000000Z","2025-12-17T13:02:00.000000Z","17.12.2025",{"title":65,"slug":66},{"image":195,"image_webp":82,"thumb":196,"thumb_webp":196},"https://cdn.quasa.io/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/EOsQhSW3VXyG7a6NPdE1oZd00xfJXe3bjY5aJGb7.webp",68226,{"title":199,"description":200,"slug":201,"created_at":202,"publish_at":203,"formatted_created_at":204,"category":205,"links":206,"view_type":84,"video_url":82,"views":211,"likes":169,"lang":87,"comments_count":212,"is_pinned":106},"Top 5 Tips to Make More Money as a Content Creator","Content creators are one of the most desired job titles right now. Who wouldn’t want to earn a living online?","top-5-tips-to-make-more-money-as-a-content-creator","2022-01-17T17:31:51.000000Z","2026-01-17T11:30:00.000000Z","17.01.2026",{"title":19,"slug":20},{"image":207,"image_webp":208,"thumb":209,"thumb_webp":210},"https://cdn.quasa.io/images/news/gP8kiumBPpJmQv6SMieXiX1tDetx43VwFfO1P4Ca.jpg","https://cdn.quasa.io/images/news/gP8kiumBPpJmQv6SMieXiX1tDetx43VwFfO1P4Ca.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/gP8kiumBPpJmQv6SMieXiX1tDetx43VwFfO1P4Ca.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/gP8kiumBPpJmQv6SMieXiX1tDetx43VwFfO1P4Ca.webp",42203,1,{"title":214,"description":215,"slug":216,"created_at":217,"publish_at":218,"formatted_created_at":219,"category":220,"links":221,"view_type":183,"video_url":82,"views":226,"likes":169,"lang":87,"comments_count":86,"is_pinned":106},"8 Logo Design Tips for Small Businesses","Your logo tells the story of your business and the values you stand for.","8-logo-design-tips-for-small-businesses","2021-12-04T21:59:52.000000Z","2025-05-05T03:30:00.000000Z","05.05.2025",{"title":15,"slug":16},{"image":222,"image_webp":223,"thumb":224,"thumb_webp":225},"https://cdn.quasa.io/images/news/Wbx2NtS1CnTupgoQbpFMGspJ5jm4uob2hDOq33r0.jpg","https://cdn.quasa.io/images/news/Wbx2NtS1CnTupgoQbpFMGspJ5jm4uob2hDOq33r0.webp","https://cdn.quasa.io/thumbs/news-thumb/images/news/Wbx2NtS1CnTupgoQbpFMGspJ5jm4uob2hDOq33r0.jpg","https://cdn.quasa.io/thumbs/news-thumb/images/news/Wbx2NtS1CnTupgoQbpFMGspJ5jm4uob2hDOq33r0.webp",41299,[228,229,230,231,232,233,234,235,236,237,238,239,240],{"title":23,"slug":24},{"title":47,"slug":48},{"title":55,"slug":56},{"title":43,"slug":44},{"title":51,"slug":52},{"title":31,"slug":32},{"title":35,"slug":36},{"title":27,"slug":28},{"title":19,"slug":20},{"title":15,"slug":16},{"title":58,"slug":63},{"title":11,"slug":12},{"title":65,"slug":66}]