Investor Sues After an AI’s Automated Trades Cost Him $20 Million

After investing $2.5 billion into a robot-controlled hedge fund and losing millions, Samathur Li Kin-kan is suing the company that sold him on the AI.

Bad Investment Back in 2016, Futurism noted that artificial intelligence was creeping into the world of finance, analyzing market data in real-time to autonomously execute trades for investors. Now, Hong Kong real estate tycoon Samathur Li Kin-kan is suing a company that used one of those trade-executing AIs to manage his account, causing millions of dollars in losses […]

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