Financial Services

An AI analyst made 30 years of stock picks – and outperformed human investors by a ‘stunning’ degree

Using public information and making small tweaks, an alpha-seeking AI fund manager outperformed 93% of mutual fund managers by an average of 600% The researchers’ findings were so striking that they started hunting for mistakes. “We had this result a year ago,” says Ed deHaan, a professor of accounting at Stanford Graduate School of Business. “And we…

artificial intelligence, automation, Financial Services, Stanford Research

When AI Is the Editor, Consumer Complaints Are More Likely to Succeed‌

An analysis of complaints submitted to the Consumer Financial Protection Bureau reveals that consumers are using tools like ChatGPT to help them articulate their concerns. Those AI-edited grievances have a higher likelihood of receiving relief, according to new research co-authored by Yale SOM’s Jiwoong Shin. Consumers who want to submit a complaint to an agency…