The Morning Download: Wall Street Finds AI Smart, but Not Human Smart

How certain one is in the belief that artificial intelligence is set to take over the world may depend on how close their career is positioned vis-à-vis the technology. In Brooklyn on Tuesday at a conference hosted by Ai4 Media., machine learning experts from Goldman Sachs Group and Morgan Stanley shared their perspective. CIO Journal's Sara Castellanos was there to take the view from the AI front lines. Great for detecting anomalies, but… Today, snippets of code do much of the job of a trader, as WSJ has previously reported, but when it comes to answering questions that need contextual understanding and financial acumen, AI algorithms are easily fooled, said Ambika Sukla, executive director of machine learning and AI at Morgan Stanley. "It's not clear that these models are learning or just memorizing the data," he said.