The beautifully distracting game
Of all the rituals of finance most ripe for disruption by artificial intelligence, few are as deserving as the quadrennial spectacle of sell-side World Cup analysis. Like clockwork, the world’s biggest banks deploy teams of economists and quants to divine the tournament’s champion and tally the macroeconomic spoils. Thousands of pages and reams of data visualisations later*, they reach a conclusion a chatbot could have supplied for free: host the tournament, or field a side in the final rounds, and enjoy a modest, fleeting bump to gross domestic product as fans throng the bars. No bank reliably picks the winner;...