Some Investors Are Using AI to Make Decisions. Should You?

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 24 April 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn how investors use artificial intelligence to make decisions. Plus: AI’s current capabilities and limitations in finance. How does AI affect investment decisions? What are AI’s limitations in finance? Hosts Sean Pyles and Anna Helhoski explore these questions and more with Sam Taube, an investing writer at NerdWallet, who shares insights on AI's role in investment research and stock selection. They break down the potential of AI-powered ETFs and mutual funds, including their performance trends and considerations for investors. They also discuss AI’s current capabilities and limitations in investing, how AI can streamline your investment research process when used correctly, and why caution and human oversight remain essential. In their conversation, the Nerds discuss: artificial intelligence investing, AI in finance, investing with AI, AI-powered funds, AI investment research, AI stock selection, limitations of AI in finance, AI and financial decisions, using AI for investing, AI in mutual funds, AI in ETFs, AI in the stock market, AI for investment analysis, AI and investment strategies, benefits of AI in investing, AI in financial services, AI in wealth management, AI and investment performance, risks of AI in investing, AI and market predictions, AI for portfolio management, AI and stock picking, AI investment tools, impact of AI on finance, AI for financial advisors, future of AI in investing, AI and asset management, AI and robo-advisors, AI and hedge funds, AI for investment recommendations, challenges of AI in finance, AI and investment banking, AI in retirement planning, AI for financial decision-making, AI in trading, AI for risk management, AI and wealth advisors, AI and investment analysis tools To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:30.5	Welcome to NerdWallet's Smart Money podcast.
0:33.0	I'm Sean Piles.
0:33.9	And I'm Anna Hill Hoski.
0:35.3	And this is our weekly Money News roundup, where we break down the
0:38.4	latest in the world of finance to help you be smarter with your money. Today, we're talking about
0:42.2	investing with artificial intelligence. Yep, AI isn't just for writing your college application essay,
0:48.0	creating generic pop songs, or designing surrealistic images of mutant caps. You can also use it
0:53.3	to invest. That's right, Anna.
0:55.2	We'll be joined today by Sam Taub, an investing writer at NerdWallet, to explain just how investors
1:00.3	use AI to make decisions. That's up next after the break. Ready to launch your business? Get
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