Wells Fargo Analysts Build the Robot That Could Take Their Jobs

Talk about courting disaster.

At a time when nearly everyone’s considered whether their job is susceptible to automation, Wells Fargo research analysts have gone and developed a bot — to do research and analysis.

A group led by Ken Sena introduced AIERA, short for artificially intelligent equity research analyst, in a note to clients Wednesday. “Her” job, quite simply, is to help the team do theirs.

“AIERA’s primary purpose is to track stocks and formulate a daily, weekly and overall view on whether the stocks tracked will go up or down,” Sena, head of internet equity research, said.

Source: BloombergMarkets

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