Magnetar Plans Fund That Replaces Human Analysts With AI Bots

Magnetar Capital, the $18 billion hedge fund firm, will shun human analysts for its newest offering and instead deploy hundreds of AI bots to research stocks.

The firm’s AI technology seeks to replicate the depth of research and analysis usually provided by fleets of humans, according to people familiar with the matter, who declined to be identified because the information is confidential. The bots will scour the investing universe for ideas, analyze stocks, make recommendations and forecast trends, the people said. Humans will make the final decision on any trades.

The vehicle, which is expected to launch later ...