In unfamiliar market conditions, historical data-driven AI trading bots will falter
CoinDesk
AI trading bots relying on historical data struggle during unprecedented market events, necessitating human supervision for now.Summary
Bitget CEO Gracy Chen stated that current AI trading bots, which are based on limited historical data, will falter during totally unfamiliar market events, such as massive liquidations or severe selloffs, because they have never encountered such scenarios. Therefore, human intervention is currently necessary, likening current AI bots to interns that require supervision. However, Chen predicts that within three to five years, AI will advance to the level of a "full employee" and potentially replace many human roles. In contrast, Saad Naj, CEO of PiP World, agreed that the technology is nascent but argued that humans are too emotional to compete with AI solutions, noting that 90% of retail traders lose money.
(Source：CoinDesk)