BlackRock tests ‘quantum cognition’ AI for high-yield bond picks
Study uses Qognitive machine learning model to find liquid substitutes for hard-to-trade securities
BlackRock has teamed up with an artificial intelligence firm established by a US hedge fund to test a new way to classify corporate bonds using AI.
The asset manager worked with Qognitive to use the firm’s quantum cognition machine learning model to pick the most similar liquid replacements for hard-to-trade high-yield bonds, a common class of problem in investing.
The proof of concept has gone wellJoshua Rosaler, BlackRock
In tests, QCML seemed to do a better job of identifying similar bonds than
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