Intelligent Alpha’s investment committee is composed of three AIs, and the fund's CEO tries to stay out of their way.
Intelligent Alpha’s investment committee is composed of three AIs and the fund's CEO tries to stay out of their way.
While the firm has focused on traditional finance so far and mostly kept away from crypto, Clinton said he started experimenting with bitcoin specifically in the last five months. The objective: for AI to set useful targets to trade the world’s top cryptocurrency. The next step is to give a philosophical framework for the AIs to use. Clinton asks the AIs to step into the shoes of some of the most famous investors in the world — Warren Buffett, Stanley Druckenmiller, Cathie Wood — and apply their way of thinking to the portfolio at hand.
The process involves the three AIs explaining their reasoning to Clinton. Not only does it help him ascertain that the investments are aligned with the portfolio’s goals, but he says that models provide better portfolios when they’re forced to explain why they like specific stocks. Having competing philosophies means the portfolio usually ends up being quite balanced. “In many cases they're looking at idiosyncratic opportunities,” Clinton said. “We haven't seen big issues where are at odds, but even then, it would be like hedging.” The AIs themselves make the decisions on how to weigh the various philosophies found in the portfolio, depending on the areas they’re the most confident in.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Going to $140K Says Trio of AIs Managing $30M Investment FundTom Carreras is a markets reporter for CoinDesk. He holds BTC, ETH and SOL above CoinDesk's disclosure threshold of $1,000.
Read more »
Best Bitcoin Debit Cards | Easily spend BTC and other cryptocurrenciesEasily spend Bitcoin and other cryptocurrencies anywhere (like cash) with Bitcoin debit cards.
Read more »
Real Bitcoin Action Has Not Even Started Yet: Samson MowBitcoin proponent Samson Mow expects stronger Bitcoin price action to occur soon
Read more »
Another MicroStrategy ETF Now Offers 4X Bitcoin ExposureThere's now two Bitcoin ETFs effectively providing 4X Bitcoin exposure
Read more »
Bitcoin Fork Bitcoin Cash (BCH) Activates Major Upgrade: DetailsBitcoin fork Bitcoin Cash enhances capabilities with major upgrade activated
Read more »
Crucial Bitcoin (BTC) Buy Warning Issued by Samson MowMajor Bitcoin supporter Samson Mow names Bitcoin price level after which things will go much faster
Read more »