New AI-Powered, Exchange-Traded Fund Launches with IBM’s Watson Technology

Published by , October 23, 2017 1:08 pm

(BusinessInsider)  A new artificial intelligence-powered exchange-traded fund called the AI Powered Equity ETF (ticker: AIEQ), launched on October 18. It uses IBM’s Watson supercomputing technology to analyze data to build the perfect portfolio of 30 to 70 stocks.
The fund, which the release says is the first of its kind, was founded by EquBot. The company is a part of IBM’s Global Entrepreneur program, and is offered to investors through a partnership with ETF Managers Group. EquBot initially sprouted from a discussion between the cofounders in an MBA classroom at UC Berkeley’s Haas School of Business.

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