Investor's Last Exam: Can AI Agents Do Equity Investment Without Seeing the Future?
arXiv:2610.38342v1 Announce Type: new Abstract: Financial agents must form forecasts and investment judgments from decision-time evidence, with predictions evaluated against subsequent outcomes. Existing benchmarks assess financial knowledge, research workflows, or forecasting, but evaluating the full research process requires a strictly frozen information set and professional evaluation criteria. We introduce Investor's Last Exam (ILE), an equity-research benchmark led by experienced buy-side…