hedge fund employ
Hedge Funds Employ A.I. To Redefine The Trading Business
Wall Street is looking towards Silicon Valley for a more automated environment and a tech-driven approach. A July 2016 report by CB Insights showed that 41 startups may be introducing AI to Fin-tech. Of the many big names, Goldman Sachs remained dominant in backing as many as four companies that use AI in financial technology. As many as 658 AI deals were closed and $5021 billion was spent on funding the AI startups in 2016. With total AI investment gaining momentum across different industries, an increasing number of companies are branching out to offer a variety of services that range from credit scoring to regulatory compliance and fraud detection.