AMWatch

Danish robot makes 14.8 percent pre-launch return for autonomous AI fund

A new fully-automatic Artificial Intelligence fund developed by Fintech startup Innolab Technology is set to launch as soon as the product wins permission from the Danish FSA. Geared towards professional investor, the fund has made a return of 150 percent in "walk forward" tests from 2012.

Will portfolio managers soon be oblivious? They are now in a fully automatic AI based fund. | Photo: Colourbox

An advanced robot named Crys is the synthetic brain behind an innovative new investment fund developed by Danish Fintech startup Innolab Technology.

Crys -- a so-called deep learning robot -- is at the heart of all investment moves in the alternative investment fund Innolab Capital Index now set to launch. Innolab Technology, which is based in the Copenhagen suburb of Virum, has been develoiping the robot for almost two years and invested around EUR 1.3 million in it.

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