How is Artificial Intelligence influencing financial markets? 7wData

Fintech is the new gold rush for investors, growing from 10% in 2016, to a staggering $23.2 billion, with China and USA leading the market. This boost is powered by the growing capabilities of machine learning and artificial intelligence. It is an idea whose time has come, as the computational and storing capabilities available today can record and process the impressive quantities of big data necessary to fuel the algorithms. AI has already proven its capabilities in retail, healthcare, and trading, and therefore, looks like a safe bet. The only question now is just how much ruling power will the algorithms get?