How Quantitative Funds use Machine Learning Systems like Aidyia to Invest in the Stock Market TechRevolution

Aidyia, a Hong Kong automated system, uses a number of Artificial Intelligence (AI) capabilities, including one inspired by genetic evolution and another one by probabilistic logic, to make predictions about the market. On its first day, it generated a 2% increase in an undisclosed amount of money, according to Ben Goertzel, its creator and a long-time AI guru. Every day these engines process vast quantities of material–analysing everything from market prices to macroeconomic data and corporate accounting documents–and then "vote" on a course of action. According to a study by Preqin, a market research firm, some 1,360 quantitative funds use computer models to trade. This is 9% of all funds, and it represents $197 billion in total.