Driving the news: Fintech startup Intelligent Alpha just launched the Intelligent Livermore ETF, which began trading today.
The fund relies on the AI models ChatGPT, Gemini and Claude to spit out investment ideas.
Zoom in: To do it, the firm's looking to leverage the collective wisdom of some well-known human investors.
It's tasking the AI models with "emulating the personalities" (not the specific portfolios) of various money managers like Warren Buffett, Stanley Druckenmiller, Dan Loeb, Paul Singer and David Tepper, Bloomberg reports.
Reality check: Investors may need to see results. Bloomberg noted that only one AI-centered ETF that it's aware of has ever attracted any meaningful inflows.
