The Self-Driving Investment Portfolio Might Just Crash and Burn

We don’t have to worry about robots replacing us any time soon, if Google’s self-driving car project Waymo is any indication of what the future holds.

These cars have been involved in several crashes due to their failure to handle intersections like human drivers do.

And it’s not just cars experiencing technical difficulties. Earlier this month, a trader bot was unable to detect a false deal: That Google had purchased Apple for only $9 billion.

A human could detect this error, but robots – not so much. There have been plenty of claims that robos will take over investing, but unfortunately for quantitative funds investors, the outlook is bleak.