Investing in AI - Texas CEO Magazine

Hedge Funds and money managers have come a long way from the days of handwritten financial models. In fact, stock and commodity exchanges report that more than 80 percent of today's trade decisions are computer driven. But a broader change is underway as Wall Street begins to embrace artificial intelligence. By combining AI with big data, researchers are taking advantage of unusual trading opportunities that, until recently, were too complex or expensive to implement. Some of the largest hedge funds are actively pouring resources into AI-driven analysis and competing to hire the best and brightest talent in the field.