Read an interesting article regarding BlackRock robot stock-pickers posting record losses. As we all know, more and more Asset Management companies are turning to artificial intelligence to help with stock picking. In the case with BlackRock, Laurence Fink invested $78 billion in a quant team to distinguish the company from its peers.

Unfortunately for him, the article points out:

At least three of the quant strategies used by BlackRock’s Global Hedge fund platform

Does this mean the whole AI taking over the hedge fund/asset management industry is blown out of proportion? What does this mean for BlackRock? Would love to hear your thoughts.