WHY HUMAN JUDGEMENT STILL MATTERS IN TODAY'S AGE OF AI-POWERED INVESTING

A recent chat with a media person about artificial intelligence (AI) and investing revealed something telling about A how people view technology.

- DHIRENDRA KUMAR

The questions I got reflected a common belief: that AI already manages large parts of mutual fund portfolios, helps retail investors analyse stocks, and is on the verge of taking over investment decisions entirely.

This idea that AI is or will soon be a substitute for human judgement in investing-is understandable, given the hype. But it misreads both the current state of AI and undermines what successful investing requires.

Take Norway's $1.8 trillion sovereign wealth fund, often cited for its bold AI push. It has deployed tools like Claude, Copilot and Perplexity across all 676 employees, claiming a 15-20% productivity gain and savings of over 213,000 work hours a year. These tools help monitor 9,000 investments across 16 languages, cutting analysis time from days to minutes.

That's impressive—if true. But here's what matters: the AI isn't making investment calls. It's speeding up research and improving processes. Human analysts still make the decisions, with AI acting as an assistant, not a replacement.