MIT’s Andrew Lo Sees AI Ready to Run Your Money in Five Years

A year ago, Andrew Lo asked ChatGPT for its opinion on Moderna Inc., a biotech stock that soared during the pandemic era. The advice: sell. He didn’t. The stock plunged.

Now Lo, a finance professor at the Massachusetts Institute of Technology and leading AI expert, believes the same kind of technology that nailed the stock call could soon do far more. Not just dispense advice, but manage money, balance risk, tailor strategies — and meet one of finance’s highest duties: acting in a client’s best interest. Within five years, he predicts, large language models will have the technical capability to ...