Monday, October 30, 2017

This is How Hedge Funds Use Artificial Intelligence

This is How Hedge Funds Use Artificial Intelligence

This is How Hedge Funds Use Artificial Intelligence

Should you let an AI algorithm make a $100 mln call on your behalf? That's a concept that several hedge funds have been tackling for a few years. As artificial intelligence continues to prove its efficiency in an increasing number of fields, many investment firms, nascent and old, are starting to engage in its use to make trade decisions-and they're willing to bet huge amounts of their customers' money on it.
Should you let an AI algorithm make a $100 mln call on your behalf? That's a concept that several hedge funds have been tackling for a few years. As artificial intelligence continues to prove its efficiency in an increasing number of fields, many investment firms, nascent and old, are starting to engage in its use to make trade decisions-and they're willing to bet huge amounts of their customers' money on it.

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