Using AI to Explain Stock Moves
Artificial intelligence is all the rage on Wall Street. Some strategists see AI trends driving further gains for stocks as others point to how big banks are beginning to use it to automate some jobs. MarketReader, founded by Jens Nordvig, is leveraging AI to analyze US equity market trends and help predict why a stock might be moving a certain way. He joined the What Goes Up podcast to discuss how he sees AI helping investors digest information at a faster pace. “What’s happened this year is that actually applying AI has become so much easier than it was six months ago.” Nordvig says. “Our original plan was more focused on structural modeling, traditional fundamental modeling. But we’ve really seen how this actually allows us to do stuff that we just can’t do with traditional models.”See omnystudio.com/listener for privacy information.