Really interesting look at how AI will soon infiltrate the financial sector, starting with hedge funds. Pay...

Really interesting look at how AI will soon infiltrate the financial sector, starting with hedge funds. Pay…

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Really interesting look at how AI will soon infiltrate the financial sector, starting with hedge funds. Pay attention to the roles for humans in the system being described here. One example:

The company is already highly data-driven, with meetings recorded and staff asked to grade each other throughout the day using a ratings system called “dots”. The Systematized Intelligence Lab has built a tool that incorporates these ratings into “Baseball Cards” that show employees’ strengths and weaknesses. Another app, dubbed The Contract, gets staff to set goals they want to achieve and then tracks how effectively they follow through.

https://news.google.com/news/amp?caurl=https%3A%2F%2Famp.theguardian.com%2Ftechnology%2F2016%2Fdec%2F22%2Fbridgewater-associates-ai-artificial-intelligence-management#a-424eca6e-13dd-4a68-9137-2f801cfcff88

22 comments

  1. They did a study a while back and determined that traders only did marginally better than picking stocks at random.. so I wander how much of an AI you actually need. lol

  2. Now they are going to whine about job losses.

  3. I bet this comes as a shock to quite a few hedge-fund managers.

  4. Finance is a Terminator/prodrome of the Basilisk/Singularity. Sent to our far past to organize our smooth enslavement to machine overlords now emerging…

  5. It will never do better, than a human because if in era it never tell you but a human knows free will and human understanding it doesn’t.

  6. The artificial intelligence Technology

  7. Note that the fact it’s at a hedge fund is ancillary, the software is for managing people who work at the fund, not portfolios or money. That’s my former team over there, I wish them success.

  8. I worked at a small hedge fund firm developing simple technical trading systems. The problem we had back in ’84 was that the trades had to be made by humans… who would refuse to follow the algorithm… and miss the few big trades that made up for the losses. The system predicted wins on paper… and if followed, was successful… but we couldn’t keep the human element in check. The humans “knew better than to do that” when “that” was the winning strategy.

  9. You used to work at Bridgewater, Chris Welty​?

  10. Gideon Rosenblatt Missing the boat if you don’t invest in the Ethereum Blockchain.

  11. Gideon Rosenblatt​ no, most of the IBM Watson Jeopardy team followed Ferrucci to Bridgewater.

  12. বাঙালী

    ataurRhman

  13. I had always said, technology advancement is a big obstacle to employment hence the hikes in unemployment.

  14. Glad you ended up at Google instead, Chris Welty​. 🙂

  15. Bad news for humans

  16. To much detail. Go to work, do as little as possible and then go home.. That’s the real world.

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