Can Artificial Intelligence Make Robots Better Investors Than Humans? This Man Thinks So.

The first generation of robo-advisors use a method known as “passive portfolio management” to buy and hold a fixed balance of exchange-traded funds. This method relies on price averages in order to match market returns. Vancouver-based online investment service Responsive aims to outperform this first generation of robo-advisors using a data-rich Artificial Intelligence approach. “Passive investing is a good start, but it ignores the data”, Responsive CEO Davyde Wachell explains. Google’s AlphaGo AI has been racking up wins against humanity’s best Go players. Go, a chinese board game, was long considered by AI-experts as a watermark test for AI superiority. Responsive intends to use the same technology to succeed in the financial markets, where robo-advisor platforms such as Wealthfront, Vanguard Personal Advisor Services, and Schwab Intelligent Portfolios currently dominate. “Investors…


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