Will AI-based trading platforms become an alternative to professional traders?
According to some Wall Street veterans, a few AI-based trading platforms have already shown results that are close to those of professional traders this year. They also note that achieving such results comes at a high cost, requiring significant investments. It remains to be seen whether the profits will cover the expenses and if the effort is worth it.
These concerns were echoed by the CEO of TechBerry, whose AI platform has delivered some of the best results. He stated that positive outcomes are only possible by purchasing vast amounts of online trading data.
Currently, the number of traders they buy statistics from is in the tens of thousands. However, according to him, that number needs to be at least 100,000 to achieve stable and solid profits. It represents a significant expense that is currently balancing on the edge of profitability.
"But our team remains optimistic about the future and has gone ALL-IN on AI trading," concluded TechBerry's CEO Bruno Bailey.
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.