The humans have all gone home. But the computers are just waking up. Man runs about $43 billion in assets through quantitative trading. Algorithms do most of the work, with people writing the code to build them and monitor for any anomalies after the fact. The machines are trading about 21.5 hours per day, from the open of the Asian markets to the close in the U.S. It's a strategy the firm has been utilizing for 30 years.

In our previous article, in addition to defining cognitive A.I. (CAI), we asserted that it is crucial for businesses to start their planning and embracing of A.I. now. This article builds on that theme by highlighting the significant disruptions to industry that are on the horizon and proves that time is of the essence. In other words, if you are not scared by the end of this article, then we have not done our jobs (if we do scare you, please share or comment below). To set the proper context, we created this fancy consulting slide to contextualize the evolution of A.I. for businesses. The Y axis shows the continuum of CAI capability going from serving, augmenting, and then to replacing humans.

Various estimates suggest the American employment mill could shrink by 30% by the year 2025. The United Nations' assessment is even grimmer. They project two-thirds of the human workforce will be replaced in the next decade. Usually, the major sectors included in these loss reports are manufacturing, retail, and blue collar jobs. However, a new analysis suggests white collar jobs are not immune, and now the world's largest hedge fund is replacing its managers with artificial intelligence. The firm Bridgewater Associates, which manages $160 billion worth of assets, tasked a team of its engineers with creating AI software that can automate decision-making and eliminate emotion from financial analysis.

Bridgewater Associates, the world's largest hedge fund, is building an artificial intelligence engine to automate the management of the company, according to a report in the Wall Street Journal. Ray Dalio, Bridgewater's founder, wants the AI system to handle everything from the day-to-day management of investments down to organising staff's days and even hiring and firing, according to the report. Bridgewater, which has $160 billion (£130 billion) under management, already has algorithms that inform the strategy of its "Pure Alpha" fund, measuring hundreds of economic data points. But the new AI system, referred to as the "Book of the Future" by Dalio and the Principles Operating System officially, would apply data science principles to management, picking up on internal data points such as personality tests and internal polls in meetings. Bridgewater has a number of internal apps employees can use for things like grading colleagues.

Robots could soon be hiring and firing staff at the world's largest hedge fund under secret plans drawn up to improve efficiency. A team of engineers at US-based Bridgewater Associates is reportedly developing artificial intelligence which can run the firm without emotions getting in the way. Billionaire founder Ray Dalio is seeking to create a new business model where most employees are programmers and decisions are made by a computer, according to the Daily Mail. He appointed a clandestine team, called the Systemised Intelligence Lab, to work on the project early in 2015. It is overseen by David Ferruci, a renowned developer who created IBM's Watson supercomputer.

A computer software algorithm will decide the day-to-day management at Bridgewater Associates LP, the world's largest hedge-fund firm. The global labour force is being replaced and managed by artificial intelligence and robotic automation. Various estimates suggest the American employment mill could shrink by 30% by the year 2025. They project two-thirds of the human workforce will be replaced in the next decade. Usually, the major sectors included in these loss reports are manufacturing, retail, and blue collar jobs.

Various estimates suggest the American employment mill could shrink by 30% by the year 2025. The United Nations' assessment is even grimmer. They project two-thirds of the human workforce will be replaced in the next decade. Usually, the major sectors included in these loss reports are manufacturing, retail, and blue collar jobs. However, a new analysis suggests white collar jobs are not immune, and now the world's largest hedge fund is replacing its managers with artificial intelligence.

This line of thinking seems to be taking automation a bit far--this is much more than making humans efficient, it is trying to literally automate people. Simply put, humans are amazingly complex, indeed, there is much that we still don't understand about the human brain. Our AI systems are nowhere near capable of understanding how humans work, taking all factors into consideration, and delineating our lives to this degree. And even if they could dictate the perfect day for us job-wise, things (and people) are constantly altering. AI would need to be flexible enough to immediately analyze these changes and redirect us.

The world's largest hedge fund is building a piece of software to automate the day-to-day management of the firm, including hiring, firing and other strategic decision-making. Bridgewater Associates has a team of software engineers working on the project at the request of billionaire founder Ray Dalio, who wants to ensure the company can run according to his vision even when he's not there, the Wall Street Journal reported. "The role of many remaining humans at the firm wouldn't be to make individual choices but to design the criteria by which the system makes decisions, intervening when something isn't working," wrote the Journal, which spoke to five former and current employees. The firm, which manages $160bn, created the team of programmers specializing in analytics and artificial intelligence, dubbed the Systematized Intelligence Lab, in early 2015. The unit is headed up by David Ferrucci, who previously led IBM's development of Watson, the supercomputer that beat humans at Jeopardy! in 2011.

You shouldn't anthropomorphize computers: They don't like it.That joke is at least as old as Deep Blue's 1997 victory over then world chess champion Garry Kasparov, but even with the great strides made in the field of artificial intelligence over that time, we're still not much closer to having to … Both Google and OpenAI announced plans to open-source their deep learning code on Monday.Doctors in London will be getting help from Google-backed AI … In the race to build the best AI, there's already one clear winner As Google, Facebook, Microsoft, and Baidu take turns leapfrogging each other in artificial intelligence innovation, one company stands to profit from any outcome: Nvidia. By now, everyone's familiar with the tale: Artificial intelligence achieves consciousness, judges that humans are extraneous, and then enslaves or … World's largest hedge fund to replace managers with artificial intelligence Bridgewater Associates has a team of engineers working on a project to automate decision-making to save time and eliminate human emotional volatility p The world's largest hedge fund is building a piece of software to automate the day-to-day management of the firm, including hiring, firing and other … The gulf between "human" and "machine" is closing. Machine learning has enabled virtual reality to feel more "real" than ever before, and AI's replication of processes that were once confined to the human brain is ever-improving. From playing Pictionary to generating NSFW images, AI in 2016 was full of surprises. The AI Takeover Is Coming.