Group 1 - In 2023, a study from the University of Florida indicated that sentiment analysis of corporate news through ChatGPT could yield returns exceeding 500% during the backtesting period, sparking discussions in the financial sector about "AI stock picking" becoming a mainstream investment topic [1] - In 2024, a team led by Professor DeHaan at Stanford University developed an "AI analyst" that, from 1990 to 2020, could generate an average additional return of $17.1 million on top of the original $2.8 million quarterly excess return, outperforming 93% of traditional fund managers [1] - Ray Dalio, founder of Bridgewater Associates, emphasized in a June 3 article that AI is reshaping decision-making logic, stating that the era of human intuition in investment decisions is coming to an end [1] Group 2 - Bridgewater launched a fully AI-managed fund in 2024, with a size of $2 billion, and its CEO Nir Bar Dea noted that its investment performance is "comparable" to strategies led by human teams, highlighting the feasibility and potential of AI in asset management [1] - AQR Capital Management has also integrated AI into its core strategies, with founder Cliff Asness stating that AI not only enhances return performance but also significantly reduces volatility risk [2] - As of May 2025, AQR's internal data showed that the annualized net returns for its Apex fund and Delphi strategy reached 19% and 14.6%, respectively [2]