Descartes wrote, in the Treatise of the Passions of the Soul, that the most important was admiration. Through it we reach new discoveries. An American company dedicated to the stock market applied artificial intelligence to Wall Street. The advantage of AI is that it can capture feelings, intuitions, suggestions, opinions of stock market analysts, past data on dividends paid and capital increases. AI not only captures financial figures and data, it can also evaluate intuitions about possible behavior of central banks and estimate the interest rates that the Federal Reserve applied to fight inflation.
AI doesn't guess. It processes using algorithms and a powerful computer analyzes the possible results. Warren Buffet has always said: I only buy what is cheap and if I understand the business. And he became a multimillionaire. What about AI? Shares were taken grouped in a portfolio that follows the Standard index
After six years the results were compared. Invest using AI decisions or do so in a portfolio made up of hundreds of shares listed on S
Too many interest rate increases to fight inflation? It is obvious, but you could recover the profits and learn the correlation between buying stocks that are too linked to bearish cycles and selecting those that multiply profits when the stock market is in a bullish phase. To conclude, AI can be dangerous and we need an agency to monitor its possible yet unknown impact. An international group will follow the consequences of AI. Elon Musk is among them, but in the meantime he has already launched his own generative language machine.
