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Artificial Intelligence (AI) is powering a surge in the stock market, and hedge funds are using AI to automate mundane tasks such as reviewing market research, writing basic code and summarizing fund performance. AI tools are being used to help make human jobs more efficient, but they are not yet game changers for day-to-day investing methods. AI on Wall Street includes machine-learning algorithms and natural language processing tools, and the ultimate goal is to improve investing performance. For now, the most obvious benefit is boosting productivity.
