Oct 10, 2018 1:27:00 PM
The application of AI in automating cognitive processes is on the rise. The launch of J.P. Morgan’s new retail trading platform underscores this trend, and highlights what is rapidly becoming the new normal: that big firms are capable of being as nimble as their smaller counterparts when it comes to deploying new business models. Merrill Lynch is even experimenting with an AI stock-picking tool to help the firm identify value in small-cap stocks that human analysts might have missed. The question is, can AI live up to the hype and deliver excessive gains for investors?