(ECNS) -- InnoTREE, a Chinese Internet-based equity financing and investment service provider, said it has produced the world's first artificial intelligence (AI) robot for investment purposes, the China Business Times reported on Tuesday.
Teng Fang, co-founder of InnoTREE, said an AI investment robot can process the equivalent of 40 hours of work by a senior analyst in one hour.
"In terms of its cognitive abilities, the AI investment robot is capable of replacing an investment manager with three to four years of work experience."
The AI investment robot can track and analyze all aspects of dynamic business, and record companies' growth process on a daily basis, which should be done by at least ten thousand analysts, the report said.
In addition, the AI investment robot can analyze and model statistics data obtained from the comprehensive evaluation of projects, and list companies with the most potential through model operation, it was added.
Teng also said the AI investment is still in its infancy, and related technologies and modeling methods still remain to be improved.
The robot is expected to free enterprise investment from manual manipulation to intelligent robot operation in the future.
The application of artificial intelligence in the sector of equity investment has improved the efficiency of the whole equity market, offered solid judgment in accordance with a project's value, and realized quantitative investing for the primary equity market, it was added.
