Industry.live Podcast: Hedge Fund Owner Ernest Chan Explains Corrective AI, Risk Management, and Alpha Generation

In this episode of Industry.live, we speak with Dr. Ernest Chan, founder of PredictNow.ai, hedge fund manager at QTS Capital, and author of multiple bestselling books on algorithmic trading.Ernie shares how Corrective AI is changing the game in quantitative trading, offering risk management strategies that go beyond predicting markets — they predict the success of your own trading strategies.We dive deep into:- How hedge funds use AI today (and where they fail)- What Corrective AI is and how it differs from predictive models- Why retail investors shouldn't rely solely on AI- How generative AI can help overcome data scarcity- The future of jobs in trading and the realistic timeline for AGIThis is a must-listen for anyone in finance, AI, or trading looking to understand the intersection of machine learning and asset management.Subscribe for more real conversations on how AI is transforming industries.