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How State Street Has Used AI to Find ‘Hidden Gems’ Since 2018

  • Natural-language processing used in stock picking: Bartolini
  • Wanted something forward-looking, dynamic, he says of the ETF
Matt Bartolini
Matt BartoliniSource: River Inc.

ChatGPT has taken the internet by storm, triggering a new wave of speculation surrounding how artificial intelligence can disrupt various industries and markets. Yet AI has already been at work for years on Wall Street, where State Street and other companies have grasped onto the concept to help put together innovative exchange-traded funds. 

Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, joined the “What Goes Up” podcast to talk about using AI in portfolio construction, and where he sees the technology going in the future. His firm’s $1.7 billion SPDR S&P Kensho New Economies Composite ETF (ticker: KOMP) is up about 11% so far this year.