Krithika Muthukrishnan, Chief Data Science Officer at Scripbox, suggests that AI can play an important role in fund selection based on an evidence-based, objective process. However, AI is not a replacement for human advisers who can provide a personalised touch and an unbiased approach to investment selection while assisting in goal planning, understanding risk and choosing an investment strategy.
US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.