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
 |
Make Money With Artificial Intelligence
Artificial intelligence is back in the financial news. It seems like a good fit; computers can endlessly crunch the numbers and artificial intelligence software can learn how to sift for deals. Buy low, sell high - how hard could it be?
"It's pretty clear that human beings aren't improving," said Spencer Greenberg, 27 years old and the brains behind Rebellion's AI system. "But computers and algorithms are only getting faster and more robust."
You might also lose your shirt. I seem to recall that Larry Niven wrote a story called The Schumann Computer about a group of investors who bought a design for an artificially intelligent supercomputer from a race called the Chirpsithra, who had plenty of experience with AIs:
"Oh yes, we built them," one said. "Long ago."
"You gave up? Why?"
One of the salmon-colored aliens made a chittering sound. The other said, "Reason enough. Machines should be proper servants. They should not talk back. Especially they should not presume to instruct their masters. Still, we did not throw away the knowledge we gained from the machines."
See also my earlier article on combining human insight with computer analysis to make money on Wall Street.
One upstart in the AI race on Wall Street is Rebellion Research, a tiny New York hedge fund with about $7 million in capital that has been using a machine-learning program it developed to invest in stocks. Run by a small team of twentysomething math and computer whizzes, Rebellion has a solid track record, topping the Standard & Poor's 500-stock index by an average of 10% a year, after fees, since its 2007 launch through June, according to people familiar with the fund. Like many hedge funds, its goal is to beat the broader market year after year.
One slow afternoon I asked a pair of chirpsithra about intelligent computers.
(HAL-Buffett 9000 Computer [concept])
From WSJ online.
Scroll down for more stories in the same category. (Story submitted 8/4/2010)
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 ")
Grok Scores Best In Psychological Tests
'Try to find out how he ticks...' - Isaac Asimov, 1941.
Google's Nano Banana Pro Presents Handwritten Math Solutions
'...copy was turned out in a charming and entirely feminine handwriting.' - Isaac Asimov (1949)
Woman Marries Computer, Vonnegut's Dream Comes True
'Men are made of protoplasm... Lasts forever.' - Kurt Vonnegut
ChatGPT Now Participates in Group Chats
'...the city was their laboratory in human psychology.'
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
Boring Company Vegas Loop Like Asimov Said
'There was a wall ahead... It was riddled with holes that were the mouths of tunnels.'
Rigid Metallic Clothing From Science Fiction To You
'...support the interior human structure against Jupiter’s pull.'
Is The Seattle Ultrasonics C-200 A Heinlein Vibroblade?
'It ain't a vibroblade. It's steel. Messy.'
Roborock Saros Z70 Is A Robot Vacuum With An Arm
'Anything larger than a BB shot it picked up and placed in a tray...'
A Beautiful Visualization Of Compact Food
'The German chemists have discovered how to supply the needed elements in compact, undiluted form...'
Bone-Building Drug Evenity Approved
'Compounds devised by the biochemists for the rapid building of bone...'
Secret Kill Switch Found In Yutong Buses
'The car faltered as the external command came to brake...'
Inmotion Electric Unicycle In Combat
'It is about the size and shape of a kitchen stool, gyro-stabilized...'
Grok Scores Best In Psychological Tests
'Try to find out how he ticks...'
PaXini Supersensitive Robot Fingers
'My fingers are not that sensitive...'
Congress Considers Automatic Emergency Braking, One Hundred Years Too Late
'The greatest problem of all was the elimination of the human element of braking together with its inevitable time lag.'
The Desert Ship Sailed In Imagination
'Across the ancient sea floor a dozen tall, blue-sailed Martian sand ships floated, like blue smoke.'
The Zapata Air Scooter Would Be Great In A Science Fiction Story
'Betty's slapdash style.'
Thermostabilized Wet Meat Product (NASA Prototype)
There are no orbiting Michelin stars. Yet.
Could Crystal Batteries Generate Power For Centuries?
'Power could be compressed thus into an inch-square cube of what looked like blue-white ice'
India Ponders Always-On Smartphone Location Tracking
'It is necessary... for your own protection.'
