Morningstar Inc chairman Joe Mansueto. — Bloomberg
NEW YORK: Financial models based on artificial intelligence (AI) are a long way from being able to compete with market research firms, says Morningstar Inc chairman Joe Mansueto, who built a fortune by providing investment reports, research and management.
Mansueto pointed to a recent study in which Vals AI, a startup he advises, examined the accuracy of financial analysis performed by more than 20 AI models.
