A giant hedge fund used artificial intelligence to analyze Fed minutes ? here's what it found

The giant hedge fund, which manages 35 billion, is as much a technology company as it is a hedge fund. It uses advanced technologies to find investment opportunities, and it just hosted its annual artificial intelligence competition. One of those technological applications involves using natural-language-processing techniques to analyze the Fed minutes, such as those set for release Wednesday afternoon. "Historically, interpretations of those minutes required art, so Fed watchers pontificated and critiqued," the firm said in a note. "Now natural language processing techniques can translate those minutes into relatively objective data."