Spotlight AI bots auditioning for Wall Street trading are mostly losing JUSTINA LEE Bloomberg News May 7, 2026 May 7, 2026 Updated May 13, 2026 Prefer us on Google Learn More Facebook Twitter WhatsApp SMS Email Print Copy article link Save AI isn’t ready to replace your fund manager — and the public experiments testing it are showing why.kAmp4C@DD 2 D6C:6D @7 ?6H EC25:?8 4@?E6DED 36EH66? E96 H@C=5’D =625:?8 px >@56=D[ E96 G6C5:4E D@ 72C :D F?7=2EE6C:?8] |@DE @7 E96 DJDE6>D =@D6 >@?6J] %96J EC256 E@@ >F49] %96J >2<6 H:=5=J 5:776C6?E 564:D:@?D H96? 8:G6? :56?E:42= :?DECF4E:@?D] p?5 ?@ @?6 J6E <?@HD :7 E96D6 D9@CE4@>:?8D H:== 7256 H:E9 >@C6 A@H6C7F= :E6C2E:@?D — @C :7 E96J C6G62= D@>6E9:?8 7F?52>6?E2= 23@FE E96 82A 36EH66? =2C86 =2?8F286 >@56=D 2?5 9@H >2C<6ED 24EF2==J H@C<]k^AmkAm%2<6 p=A92 pC6?2[ CF? 3J E649 DE2CEFA }@7`] xE A:EE65 6:89E >2;@C 7C@?E:6C px DJDE6>D — :?4=F5:?8 p?E9C@A:4’D r=2F56[ v@@8=6’D v6>:?:[ ~A6?px’D r92Ev!% 2?5 t=@? |FD<’D vC@< — 282:?DE 6249 @E96C :? 7@FC D6A2C2E6 4@>A6E:E:@?D] t249 H2D 92?565 S`_[___ A6C 4@?E6DE 367@C6 36:?8 EFC?65 =@@D6 @? &]$] E649 DE@4<D 7@C EH@ H66<D] %96 492==6?86D :?G@=G65 EC25:?8 @? 2 G2C:6EJ @7 D:8?2=D[ 24E:?8 5676?D:G6=J[ C624E:?8 E@ E96 4@>A6E:E:@? 2?5 FD:?8 9:89 =6G6C286]k^Am People are also reading… Wildfire smoke moves into southern Wisconsin, bringing 'hazardous' air quality to most of state Lake Geneva approves permit for proposed supper club Highway 50/MainStreet project update Epic Systems' founder Judy Faulkner on why the company buys so much art Family identifies third child who died in Geneva Lake storm; honors her with legacy fund Cleanup efforts continue in Lake Geneva after July 3 storm TruStage insurance provider shuts down network after cybersecurity incident Concerts in the Park event moved indoors for July 16 due to air quality TruStage insurance provider shuts down network after cybersecurity incident Three children die after boat capsizes on Geneva Lake; state of emergency declared Family honors children who drown after storm hit Geneva Lake with charity drive Lake Geneva conducting survey to help develop plan for parks and lakefront 12U Softball teams raise $2,600 for Kate Schmidt legacy fund US Marshals arrest 'hypermasculine' social media stars Andrew and Tristan Tate, UK seeks extradition Should you run an air conditioner when there is smoke outside? kAm%96 A@CE7@=:@ 2D 2 H9@=6 =@DE 23@FE 2 E9:C5 @7 :ED 42A:E2=] p4C@DD 2== ba D6ED @7 C6DF=ED[ 2 >@56= 7:?:D965 :? AC@7:E @?=J D:I E:>6D] vC@< c]a_ 56=:G6C65 E96 36DE A6C7@C>2?46 5FC:?8 E96 492==6?86[ :? H9:49 :E H2D 2H2C6 @7 :ED C:G2=D’ A6C7@C>2?46] xE A=2465 @?=J `dg EC256Dj F?56C E96 D2>6 AC@>AE[ p=:3232’D "H6? EC2565 `[c`g E:>6D]k^Am A series of new trading contests among the world's leading AI models found that most systems lose money. Alexey Novikov, Dreamstime kAmp=A92 pC6?2 :D @?6 @7 2 8C@H:?8 ?F>36C @7 6IA6C:>6?ED E6DE:?8 H96E96C {{|D 42? 5@ E96 92C56DE ;@3 :? 7:?2?46i 362E E96 >2C<6E] (9:=6 E96D6 4@?E6DED 2C6 72C 7C@> 24256>:42==J C:8@C@FD[ E96J’C6 E96 >@DE AF3=:4 56>@?DEC2E:@? J6E @7 H92E 92AA6?D H96? E96 DJDE6>D ECJ E@ E2<6 @? D@>6 @7 E96 >@DE =F4C2E:G6 2?5 9:89\DE2<6D H@C< @? (2== $EC66E]k^Am kAm%96 62C=J C6DF=ED >2EE6C 3642FD6 EC25:?8 :D @?6 ;@3 E96 7:?2?4:2= :?5FDECJ 92D 366? 42FE:@FD 23@FE 92?5:?8 6?E:C6=J E@ px] ~G6C E96 A2DE 76H J62CD[ 962GJH6:89ED 7C@> y!|@C82? r92D6 U2>Aj r@] E@ q2=J2D?J pDD6E |2?286>6?E 92G6 AFE E96 E649?@=@8J E@ H@C< ?62C=J 6G6CJH96C6 6=D6] {{|D ?@H A2CD6 ?6HD 2E BF2?E D9@AD[ 5C27E >6>@D 2E 96586 7F?5D 2?5 56E64E 7C2F5 2E 3:8 32?<D[ 2>@?8 @E96C E2D<D] qFE “9F>2? :? E96 =@@A” C6>2:?D E96 >@EE@ H96? :E 4@>6D E@ EC25:?8 C62= >@?6J] !6C92AD 7@C 8@@5 C62D@?]k^Am kAm“{{|D 42?’E C62==J >2<6 >@?6J 3J E96>D6=G6D[” D2:5 y2J pK92?8[ 7@F?56C @7 }@7`] “*@F ?665 32D:42==J 2 G6CJ D@A9:DE:42E65 92C?6DD 2?5 D4277@=5:?8 2?5 52E2 A=2E7@C> :? @C56C E@ 6G6? 8:G6 E96> 2 492?46]”k^Am kAm{{|D 2C6 8@@5 2E 5@:?8 C6D62C49 2?5 7:?5:?8 2?5 56A=@J:?8 E96 4@CC64E E@@=D 7@C 46CE2:? E2D<D[ 96 D2:5] qFE E96J 5@?’E J6E <?@H 9@H >F49 6249 @7 E96 >2?J G2C:23=6D E92E DH:?8 DE@4<D — :?4=F5:?8 E9:?8D =:<6 2?2=JDE C2E:?8D[ :?D:56C EC2?D24E:@?D 2?5 D6?E:>6?E D9:7ED — 24EF2==J >2EE6CD] %96J E6?5 E@ >:DE:>6 E96:C EC256D[ :?4@CC64E=J D:K6 A@D:E:@?D 2?5 3FJ 2?5 D6== E@@ @7E6?]k^AmkAm%96 px 3=@8 u=2E r:C4=6 EC24<65 `` >2C<6E\C6=2E65 2C6?2D[ 2?5 2== 925 2E =62DE @?6 >@56= E92E >256 >@?6J] qFE :? @?=J EH@ @7 E96 2C6?2D H2D E96 >65:2? >@56= AC@7:E23=6[ D9@H:?8 9@H >@DE DECF88=65 E@ 362E E96 >2C<6E]k^Am kAm%92E @FE4@>6 >:CC@CD 9F>2? A6C7@C>2?46[ D:?46 2 >2;@C:EJ @7 24E:G6=J >2?2865 7F?5D 72>@FD=J 2=D@ =28 E96 3C@25 >2C<6E] p?5 ;FDE =:<6 A6@A=6[ E96 >@56=D 42? 36 AC@?6 E@ @3G:@FD 3:2D] %96 2C6?2D D9@H E96 px DJDE6>D >2<:?8 G6CJ 5:776C6?E 564:D:@?D H:E9 :56?E:42= :?DECF4E:@?D[ H9:49 92D 3:8 :>A=:42E:@?D 7@C 2?J 7:C> 56A=@J:?8 E96>] u@C :?DE2?46[ pK92?8 D2:5 E92E :? p=A92 pC6?2’D =2E6DE CF?[ r=2F56 >@DE=J H2?E65 E@ 8@ =@?8[ v6>:?: 925 ?@ AC@3=6> 36:?8 D9@CE[ 2?5 "H6? H2D 4@>7@CE23=6 E2<:?8 C:D<D H:E9 3:8 =6G6C286]k^Am kAm“%96J 92G6 A6CD@?2=:E:6D E92E J@F 92G6 E@ >2?286 2=>@DE =:<6 2 9F>2? 2?2=JDE[” D2:5 s@F8 r=:?E@?[ H9@ CF?D x?E6==:86?E p=A92[ 2 7:C> H:E9 2? {{|\5C:G6? 7F?5 E92E AF3=:D96D :ED @H? 36?49>2C< 7@C 9@H H6== px AC65:4ED 4@CA@C2E6 62C?:?8D] #6DF=ED 42? 36 :>AC@G65 3J =6EE:?8 E96 >@56= <?@H :E’D D9@H:?8 D@>6 3:2D[ 96 D2:5]k^Am Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | SoundStack | All Of Our Podcasts Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | SoundStack | All Of Our Podcasts Nation-world AI ruling prompts warnings from US lawyers: Your chats could be used against you MIKE SCARCELLA Reuters k9amkDA2? 4=2DDlQAC:?E0EC:>Qmw6586 7F?5 D64C6EDk^DA2?mk^9amkAmtG2=F2E:?8 2?J @7 E9:D :D 92C5] s6D:8? 49@:46D :? 6G6CJE9:?8 7C@> 9@H @7E6? E96 >@56=D CF? E@ H92E 2DD6ED E96J EC256 >2<6 2 3:8 5:776C6?46] p?5 E96 5672F=E E6DE 7@C 2 EC25:?8 DEC2E68J — CF??:?8 :E 324<H2C5 E9C@F89 9:DE@CJ E@ D66 9@H :E H@F=5 92G6 A6C7@C>65 — 5@6D?’E C62==J H@C< 7@C px]k^AmkAmp >@56= 2D<65 :? a_ae 9@H :E H@F=5 92G6 EC2565 :? |2C49 a_a_ 2=C625J <?@HD H92E |2C49 a_a_ =@@<65 =:<6] %92E 4@?E2>:?2E:@?[ <?@H? 2D =@@<29625 3:2D[ 92D 492==6?865 E96 7C2>6H@C<D F?56C=J:?8 24256>:4 2?5 BF2?E:E2E:G6 7:?2?46 7@C 564256D] {{|D 92G6 E@ 36 2DD6DD65 :? =:G6 >2C<6ED :?DE625[ 96?46 E96 AC@=:76C2E:@? @7 36?49>2C<D 2?5 2C6?2D]k^Am kAm!6C92AD 3642FD6 E96J >@DE=J =@D6 >@?6J[ px EC25:?8 2C6?2D E6?5 E@ CF? 7@C @?=J D9@CE A6C:@5D @7 E:>6] (:E9 =@H 32CC:6CD E@ 6?ECJ[ >2?J 2C6 D6E FA 3J :?5:G:5F2=D @C DE2CEFAD FD:?8 E96 A=2E7@C>D 2D 2 =2F?49A25 7@C @E96C AC@5F4ED]k^AmkAm}@7` :D AC6A2C:?8 D62D@? EH@ @7 p=A92 pC6?2[ H9:49 H:== 8:G6 6249 px >@56= E96 23:=:EJ E@ D62C49 E96 H63[ A@?56C 7@C =@?86C[ 2446DD >@C6 52E2 D@FC46D 2?5 E2<6 >F=E:A=6 DE6AD] qFE F=E:>2E6=J[ E96 7:C>’D 3FD:?6DD :D 2 DJDE6> 6?23=:?8 C6E2:= EC256CD E@ 3F:=5 px EC25:?8 286?ED 7@C E96:C @H? DEC2E68:6D]k^Am kAm“v:G:?8 2? {{| >@?6J C:89E ?@H 2?5 ;FDE 92G:?8 :E 8@ — E92E’D ?@E 2 E9:?8 J6E[” D2:5 pK92?8]k^Am kAmkDA2? 4=2DDlQAC:?E0EC:>Qm|@DE @7 E96 AF3=:4 6IA6C:>6?ED 2C6 DE:== E@@ D9@CE 2?5 E@@ ?@:DJ E@ DFAA@CE 7:C> 4@?4=FD:@?D[ C64<@?D y:> |@C2?[ H9@ HC:E6D E96 u=2E r:C4=6 3=@8 2?5 H9@ AC6G:@FD=J 4@\7@F?565 2=E6C?2E:G6\52E2 AC@G:56C *:A:Es2E2] %96D6 2C6?2D 2=D@ 92G6 ?2EFC2= 5:D25G2?E286D[ :?4=F5:?8 =:>:E65 2446DD E@ AC@AC:6E2CJ DE@4< C6D62C49 2?5 :?76C:@C 6I64FE:@?]k^DA2?mk^AmkAmkDA2? 4=2DDlQAC:?E0EC:>Qm“x7 J@F E@@< @?6 @7 E96D6 286?ED 7C@> @?6 @7 E96D6 2C6?2D 2?5 J@F ;FDE >@G65 :E @G6C E@ @A6C2E6 :?D:56 @7 2 9:89\6?5 96586 7F?5[ E96J D9@F=5 A6C7@C> 36EE6C[” 96 D2:5]k^DA2?mk^Am kAmkDA2? 4=2DDlQAC:?E0EC:>Qmp=6I2?56C xKJ5@C4KJ<[ 7@C>6C=J 9625 @7 52E2 D4:6?46 2E E96 96586 7F?5 r@2EF6 |2?286>6?E 2?5 ?@H 2E })` r2A:E2=[ C646?E=J HC@E6 E92E ?@ px EC25:?8 3@E 96 EC24<D 92D J6E D9@H? 2 =2DE:?8 6586] w6 2C8F65 E96 2C6?2D 2C6 =:>:E65 3J H92E E96J 42??@E D66 :? E96:C EC2:?:?8 52E2i E96 AC24E:42= BF2?E E649?:BF6D FD65 :?D:56 D64C6E:G6 EC25:?8 D9@AD]k^DA2?mk^Am kAmkDA2? 4=2DDlQAC:?E0EC:>Qmw6 DF886DE65 E96 D2>6 D64C64J :D 2=D@ 2 AC6G:6H @7 H96C6 2?J px E92E 368:?D E@ H@C< H:== 6G6?EF2==J 8@]k^DA2?mk^AmkAmkDA2? 4=2DDlQAC:?E0EC:>Qm“qFE 368:??6CD D@>6E:>6D D66 E9:?8D :?4F>36?ED 42??@E[” xKJ5@C4KJ< HC@E6 @? 9:D A6CD@?2= 3=@8] “%96 @FED:56CD[ :7 DF446DD7F=[ H:== 2=D@ =62C? BF:4<=J E92E DF446DD :? =:BF:5[ 4@>A6E:E:G6 >2C<6ED A2JD 36EE6C E92? E96 >2C8:?2= ) 7@==@H6C] (96? {{| 286?E EC25:?8 DEC2E68:6D DE2CE H@C<:?8[ J@F H:== ?@E 962C 23@FE :E 7@C 2 H9:=6]”k^DA2?mk^Am Column Who’s responsible when jobs go unfilled: workers or employers? | The Ethical Life podcast Scott Rada Education Gamified math. Video read-alouds. Why parents are saying no to screens in class Kate Sequeira Los Angeles Times With assistance from Emily Nicolle. The business news you need Get the latest local business news delivered FREE to your inbox weekly. Sign up! * I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy. Related to this story What's the latest on the Trump phone? What we know The phone was supposed to launch in August 2025 but has seen delays after the Trump Mobile company realized large-scale smartphone manufacturi… US employment boom? Maybe, maybe not. A look under the jobs report's hood Here's a look at some of the dynamics at play in the April jobs report. Tesla’s robotaxi rollout features Texas-sized wait times Tesla's robotaxi service has been plagued by long wait times, poor availability and drop-off spots that are sometimes far away from the rider’… Watch Now: Related Video The Iran war has cost the US $37.5 billion dollars, says Defense Secretary Pete Hesgseth Top stories for July 22, 2026 Top stories for July 22, 2026 The Madison Public Market prepares to open The Madison Public Market prepares to open WisEye Morning Minute: WEC refers complaints against Elon Musk WisEye Morning Minute: WEC refers complaints against Elon Musk Watch Now: Related Video The Iran war has cost the US $37.5 billion dollars, says Defense Secretary Pete Hesgseth Top stories for July 22, 2026 Top stories for July 22, 2026 The Madison Public Market prepares to open The Madison Public Market prepares to open WisEye Morning Minute: WEC refers complaints against Elon Musk WisEye Morning Minute: WEC refers complaints against Elon Musk
Nation-world AI ruling prompts warnings from US lawyers: Your chats could be used against you MIKE SCARCELLA Reuters
Column Who’s responsible when jobs go unfilled: workers or employers? | The Ethical Life podcast Scott Rada
Education Gamified math. Video read-alouds. Why parents are saying no to screens in class Kate Sequeira Los Angeles Times
What's the latest on the Trump phone? What we know The phone was supposed to launch in August 2025 but has seen delays after the Trump Mobile company realized large-scale smartphone manufacturi…
US employment boom? Maybe, maybe not. A look under the jobs report's hood Here's a look at some of the dynamics at play in the April jobs report.
Tesla’s robotaxi rollout features Texas-sized wait times Tesla's robotaxi service has been plagued by long wait times, poor availability and drop-off spots that are sometimes far away from the rider’…
