It&#x27;s not nitpicking.  The two are very different.  Hedge Funds (and other proprietary firms) using AI-training software to automatically trade are attempting to generate Alpha, are run as a separate fund, and are available only to the rich.  Robo advisers generally attempt to manage a diversified portfolio that performs in line with the market, trade in the customer&#x27;s own account, and are available to everyone.