Hedge Fund finds out the Return on Investment for AI is ZERO. AI is the next to succumb to the laws of parabola.

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Some hedge funds have struggled to achieve significant returns using AI. For example, the Eurekahedge AI Hedge Fund Index has lagged behind the S&P 500, showing that AI-driven funds haven’t consistently outperformed traditional benchmarks. Additionally, only about 45% of boutique AI funds have outperformed their benchmarks.

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Sources:
https://www.morningstar.com/news/marketwatch/2024081766/some-hedge-funds-thought-ai-would-help-them-beat-the-market-then-things-got-real

https://news.bloomberglaw.com/artificial-intelligence/hedge-funds-find-its-really-hard-to-beat-the-market-with-ai

h/t DOORBERT