Wall Street's Interest in AI and Machine Learning

Wall Street traders have been increasingly interested in using AI and machine learning to gain a competitive edge in the market. Quantitative traders or quants have been using computer models to analyze patterns and make profitable trades. Machine learning algorithms have become particularly popular in recent years for their ability to process vast amounts of data and identify opportunities that human traders may miss. However, the effectiveness of AI in beating the market is still a mixed bag, with some AI-driven funds failing to outperform their benchmarks.