Goldman Sachs hedges its bets with AI
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Goldman Sachs may be adding another tool to its quickly growing AI banking toolkit.
The financial institution is working on a system for a "regularization-based" asset-hedging tool. Basically, this system uses AI to predict the performance of a hedging portfolio relative to a certain asset it's tracking. (A hedging portfolio includes assets to limit the risk of major drops in the price of another asset or stock.)
Source Fool.com
