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 hedge fund robot outsmarted


How This Hedge Fund Robot Outsmarted Its Human Master

#artificialintelligence

Yoshinori Nomura felt like weeping. It was the morning of June 24, Brexit day, and markets were moving against him. It was the hedge fund manager's self-learning computer program that had placed the bet, selling Japanese stock-index futures before a sizable market advance. Nomura had anticipated a rally, but decided not to interfere, and his fund was paying the price. Then, in an instant, everything changed.


How This Hedge Fund Robot Outsmarted Its Human Master

#artificialintelligence

Yoshinori Nomura felt like weeping. It was the morning of June 24, Brexit day, and markets were moving against him. It was the hedge fund manager's self-learning computer program that had placed the bet, selling Japanese stock-index futures before a sizable market advance. Nomura had anticipated a rally, but decided not to interfere, and his fund was paying the price. Then, in an instant, everything changed.