There is a troubling phenomenon that threatens to undermine investor confidence in legitimate technological innovation – many firms claiming to use AI for portfolio optimization are, quite simply, not using AI at all. The gap between marketing claims and technological reality has reached crisis proportions. The Securities and Exchange Commission has coined a term for this deceptive practice: “AI washing”—and it’s more pervasive than most realize.
Full Article: aijourn.com/when-ai-powered-portfolio-optimization-is-neither-artificial-nor-intelligent-the-trillion-dollar-trust-gap/