AI useful for stocks markets, but human factor inevitable: Experts

AI useful for stocks markets, but human factor inevitable: Experts

KUWAIT: Artificial Intelligence (AI) has become more than a ‘buzzword’ recently with numerous entities, individuals, and groups touting the technology’s usefulness. At the same time, there are others who casted doubts and fears over the reliability of AI, cautioning against its use without limits. On the subject of AI, a number of exchange market and trade experts have pondered and reflected on the issue, saying that AI had been applied in trading and investments in some global markets. Those running Boursa Kuwait are also considering its application to identify fraud and streamline market procedures, they added.

The experts told KUNA in various interviews that there was usefulness in using AI; however, the human factor in trading must remain to ensure things go smoothly. Member of the board of the Kuwait Information Technology Society (KITS) Shrouq Al-Sayegh said that AI could predict market activity and also monitor exchange in various markets at once, a matter that provides investors with investment choices based on detailed data and analysis. AI could provide fast analytic data for shares and recommend investments based on said data, she added.

She pointed out that AI could be used in crises management at trade markets as well as providing investors