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Why Machines Still Can't Learn So Good

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Anthony Ledford and his colleagues at Man AHL spent three painstaking years building a machine-learning model to do something mere mortals often can't: find fresh ideas in an avalanche of data. But even Ledford, chief scientist at the $19 billion Man AHL in London, rolls his eyes when he hears people say that machine learning, a type of artificial intelligence, is going to transform hedge funds tomorrow. To Ledford, a lot of the buzz smacks of hype. The technology is more robust than its predecessors but hardly revolutionary. "There is some real science here, but it's not the way it's been portrayed," said Ledford, who holds a Ph.D. in mathematics.


Silicon Valley Hedge Fund Takes On Wall Street With AI Trader

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Babak Hodjat believes humans are too emotional for the stock market. So he's started one of the first hedge funds run completely by artificial intelligence. "Humans have bias and sensitivities, conscious and unconscious," says Hodjat, a computer scientist who helped lay the groundwork for Apple's Siri. "It's well documented we humans make mistakes. For me, it's scarier to be relying on those human-based intuitions and justifications than relying on purely what the data and statistics are telling you."


Artificial intelligence takes on Wall St - Business - NZ Herald News

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Babak Hodjat believes humans are too emotional for the stock market. So he's started one of the first hedge funds run completely by artificial intelligence. "Humans have bias and sensitivities, conscious and unconscious," says Hodjat, a computer scientist who helped lay the groundwork for Apple's Siri. "It's well documented we humans make mistakes. For me, it's scarier to be relying on those human-based intuitions and justifications than relying on purely what the data and statistics are telling you."


AI trader? Tech vet launches hedge fund run by artificial intelligence

#artificialintelligence

Babak Hodjat believes humans are too emotional for the stock market. So he's started one of the first hedge funds run completely by artificial intelligence. "Humans have bias and sensitivities, conscious and unconscious," says Hodjat, a computer scientist who helped lay the groundwork for Apple's Siri. "It's well documented we humans make mistakes. For me, it's scarier to be relying on those human-based intuitions and justifications than relying on purely what the data and statistics are telling you."


Silicon Valley Hedge Fund Takes On Wall Street With AI Trader

#artificialintelligence

Babak Hodjat believes humans are too emotional for the stock market. So he's started one of the first hedge funds run completely by artificial intelligence. "Humans have bias and sensitivities, conscious and unconscious," says Hodjat, a computer scientist who helped lay the groundwork for Apple's Siri. "It's well documented we humans make mistakes. For me, it's scarier to be relying on those human-based intuitions and justifications than relying on purely what the data and statistics are telling you."