Robot takeover stalls in worst slump for AI funds on record

“In all, we find that AI funds, similar to CTAs, likely played a big role in February’s correction by being forced to de-risk given an unprecedented 7.3 percent loss over the past month,” strategists at the bank, headed by Nikolaos Panigirtzoglou, wrote in a Friday note. Adoption rates have also increased, making AI strategies more crowded, they said.

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