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We currently have robo-advisors providing broad financial planning guidance. As the industry adopts higher-level artificial intelligence capabilities, the robots are engaging in higher level data analysis – only without the need to fly business class, quip Bobby Monks and Kathleen Campion. “For example,” they write, “when you ask Kensho’s program ‘What happens to car firms’ share price if oil drops by $5 a barrel?’ it will scour financial reports, company filings, historical market data and the like, and reply in seconds. That’s what a human analyst would do, but it would take longer and would be more subject to error and bias. Another consideration: the machine has no tortured private life nor venal career goals to color decision making.” And speaking of robos, topping our list of news and views for the day is: Scalper1 News
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