Science Fiction
Dictionary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 |
HAL-Buffett 9000 To Make 50 Percent Of Trades By 2010
Computers will make more than half of all stock purchases by the year 2010, according to Boston-based consultants Aite Group LLC. The perfect system will be a combination of the best human investors (like Warren Buffett) and computer systems that can calculate without emotions like greed or fear (like the fictional HAL 9000 from 2001: A Space Odyssey). Last year (2006), just one-third of all trades were driven by automated stock-picking programs.
(HAL-Buffett 9000 Computer [concept])
Computerized analysis can generate a quantifiable advantage. According to a November, 2005 study big-cap U.S. stock funds run using quantitative investing beat those run by ordinary mortals.
Mathematicians and brokers labor in secret at Wall Street firms like Lehman Brothers Holdings, Inc. Their algorithms spot trading advantages in the patterns of world markets. At the Stern School of Business, Vasant Dhar is trying to program a computer to factor in the impact of unexpected events (like the death of an executive).
The AIs of the future will take advantage of a variety of techniques that are in development now:
- Extract trends from massive data sets
- Understanding human language (natural language processing) will open huge new sources of information, like emails, blogs and even recorded conversations (one start-up, Collective Intellect, uses basic NLP programs to look through 55 million blogs for hedge fund tips)
- Lehman Brothers has used machine learning programs to examine millions of bids, offers, specific prices and buy/sell orders to find patterns in volatility and prices.
Advanced computer trading programs may one day tell human investors to relax and let them do the work, just like HAL did:
"Hal, switch to manual hibernation control.""I can tell from your voice harmonics, Dave, that you're badly upset. Why don't you take a stress pill and get some rest?"
"Hal, I am in command of this ship. I order you to release the manual hibernation control."
"I'm sorry, Dave, but in accordance with special subroutine C1435-dash-4, quote, When the crew are dead or incapacitated, the onboard computer must assume control, unquote. I must, therefore, overrule your authority, since you are not in any condition to exercise it intelligently..."
(Read more about HAL 9000)
(HAL 9000 in charge)
Via Bloomberg.com.
Scroll down for more stories in the same category. (Story submitted 5/5/2007)
Follow this kind of news @Technovelgy.| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |
Would
you like to contribute a story tip?
It's easy:
Get the URL of the story, and the related sf author, and add
it here.
Comment/Join discussion ( 0 )
Related News Stories - (" Artificial Intelligence ")
Alexa+ And Its AI Brain Improvements
'What's it do?' he asked. 'It amuses.' Philip K. Dick, 1965.
Are AIs Going Rogue Like Hal 9000
'I know that you and Frank were planning to disconnect me...' - Arthur C. Clarke, 1968.
Should AIs and AI Robots Demand Rights?
'This robot is a creature... It is a manlike being. Therefore, like any other talking, thinking man, he is entitled to a court trial!' - Eando Binder, 1939.
Robot Learns Human Tool Usage By Imitation Learning
'I got one of those new electronic cameras...'
Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.
Science Fiction
Timeline
1600-1899
1900-1939
1940's 1950's
1960's 1970's
1980's 1990's
2000's 2010's
Current News
RoboBallet The Dance Of Cooperative Robots
'...an integrated seven-unit robot team.'
Chrysalis Generation Ship to Alpha Centauri
'This was their world, their planet —
this swift-traveling, yet seemingly moveless vessel.'
Alexa+ And Its AI Brain Improvements
'What's it do?' he asked. 'It amuses.'
Does CloneRobotics Offer A True Android?
Is this What Little Girls Are Made Of?
Brain Implant Is Able To Capture Your Inner Dialogue
'So you see, you can hide nothing from me.'
Are AIs Going Rogue Like Hal 9000
'I know that you and Frank were planning to disconnect me...'
Animated Tumblebugs On Astounding Cover!
'Gaines and Harvey mounted tumblebugs, and kept abreast of the Cadet Captain...'
LingYuan Vehicle Roof Drones Now Available, ala Blade Runner 2049
Accompanied by a small selection of similar ideas from science fiction.
China Steals Strato Airship Design From Google App Engine
'...war-balloons, or, as it would be more correct to call them, navigable aerostats.'
The First Space Warship For Space Force
'Each of the electrical ships carried about twenty men...'
Biohybrid Jellyfish Explore The Ocean
As predicted, and detailed, by science fiction writers!
Should AIs and AI Robots Demand Rights?
'This robot is a creature... It is a manlike being. Therefore, like any other talking, thinking man, he is entitled to a court trial!'
Robot Learns Human Tool Usage By Imitation Learning
'I got one of those new electronic cameras...'
Companion Caregiver ChatGPT Dolls
'Every Artificial Friend is unique, right?'
'Pregnancy Humanoids' From China Replace Moms
'A great many of these synthetic babies were made...'
Man Builds 200 Foot Basement Firing Range
'The basement was huge... carved deep into the rock.'
