AI-designed preferred stocks also can't withstand the market's slap in the face; being able to run code and make money are indeed two different things.

CryptoWorld News reports that Michael Saylor said in an interview with CoinDesk that the company’s issued “stretch” variable interest perpetual preferred stock, STRC, is a product designed using AI. He mentioned that he had long discussions with AI—learning how to design these products—and asked whether AI could realize his ideas. Saylor also noted that AI scanned historical data to confirm that this is a legitimate and reasonable product. Recently, STRC’s de-pegging has drawn community attention: the stock plunged to a low of $82.7 early this morning and closed at $88.8.