Can AI Beat the Market?

An Investopedia analysis of AI-based hedge funds suggests, "Not yet."
Below, we show $100.00 invested in July 2014 in Eurekahedge's index of 10 AI-directed hedge funds vs. Eurekahedge's broad index of over 2000 hedge funds and the S&P 500, over the next decade. Only recently have the AI-directed funds begun to match the returns of the broad hedge fund index.

Data compiled by Investopedia. The Eurekahedge AI Hedge Fund Index is an equally weighted index of 10 constituent funds. According to Eurekahedge, the index is designed to broadly measure the performance of hedge fund managers using AI and machine learning in their trading.
Chart: Investopedia/Peter Gratton Source: Eurekahedge
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