California - based Equbot is launching a second artificial intelligence - powered exchange - traded fund . The fund 's first offering , the AI Powered Equity ETF , focuses on US equities and has pulled in $ 140 m in revenue . The new offering , AI Powered Equity Equity ETF , will focus on international stocks . Both investors rely on IBM 's Watson 's natural intelligence processing to trawl through reams of data , spotting companies it believes will outperform others . Equbot said the new offering will also suggest individual firm weights , but will limit single company exposure to 10 % of the market .
California-based Equbot is launching a second artificial intelligence-powered exchange-traded fund. The firm's first offering, the AI Powered Equity ETF, focuses on US equities and has pulled in $140m in assets. The new offering, AI Powered International Equity ETF, will focus on international stocks. Both products rely on IBM's Watson's natural language processing to trawl through reams of data, spotting companies it believes will outperform others. Equbot said the new offering will also suggest individual firm weights, but will limit single company exposure to 10% of the portfolio.