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.
