Will AI-based trading platforms become an alternative to professional traders?
Some Wall Street experts have noted that several AI-powered trading platforms have demonstrated performance comparable to professional traders this year. However, they emphasize that achieving these results requires significant financial investment, raising questions about whether the returns will justify the costs.
TechBerry's CEO shared these concerns, highlighting that their AI platform has been among the top performers. He pointed out that such impressive outcomes are only attainable through the acquisition of vast volumes of online trading data.
At present, TechBerry sources data from tens of thousands of traders, but the CEO stressed that they would need to scale that number to at least 100,000 to ensure consistent and robust profitability. This poses a substantial financial challenge, as the current investment is teetering on the edge of breaking even.
Despite these hurdles, TechBerry's CEO, Bruno Bailey, remains optimistic, stating, "Our team is fully committed to AI trading and has gone all-in on this technology."
Shandor Brenner is an American journalist recognized for his sharp and insightful reporting on social and political issues. His work is known for its depth, integrity, and the ability to highlight critical societal concerns.