A.I.'s Investment Illusion: The Mirage of Market Mastery

A University of Chicago economist told us as much 102 years ago.

The evidence is in.

AI-powered funds fail to match the performance of human portfolio managers.

I can't say I'm surprised.

A.I.-powered funds were sold as the Holy Grail investing.

But like all other efforts to beat the market by churning and chopping ever finer data points, it has fallen short.

University of Chicago economist Frank H. Knight told us as much…