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 ")
'AI Assistants' Are Actually Less Reliable For News
'Most men updated their PIP on New Year's Day...' - Arthur C. Clarke, 1978.
Will AIs Give Better Results If You're Rude To Them?
'I said, "Listen up, motherf*cker.' - John Varley, 1983
Chinese Tokamak Uses AI To Keep Fusion Plasma Stable
'Guy named Otto Octavius winds up with eight limbs... What are the odds?'
Alexa+ And Its AI Brain Improvements
'What's it do?' he asked. 'It amuses.' Philip K. Dick, 1965.
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
Jetson ONE Air Races Begin, Can Air Polo Be Far Behind?
'If you're one of those rarities who haven't attended a rocket-polo "carnage", let me tell you it's a colorful affair.'
Will Space Stations Have Large Interior Spaces Again?
'They filed clumsily into the battleroom, like children in a swimming pool for the first time, clinging to the handholds along the side.'
Mornine Sales Robot
'Robot-salesmen were everywhere, gesturing...'
Bipedal Robot Floats Gently While Walking
'a walking balloon proceeded with long strides of its aluminum legs...'
Musk Idea Of Cars Talking To Each Other Predicted 70 Years Ago
'My cars talk to one another.'
Elegant Bivouac Shelter Produces Water And Electricity
'There was nowhere on the planet where science and technology could not provide one with a comfortable home...'
X-Control Janus-1 A Suitcase Aircraft
'You will notice that it... fits the suitcase nicely.'
'AI Assistants' Are Actually Less Reliable For News
'Most men updated their PIP on New Year's Day...'
YES!! Remote Teleoperated Robots predicted by Technovelgy!
'...a misshapen, many-tentacled thing about twice the size of a man.'
Will Robots Ever Fold Landry?
Where have you gone, Mrs. Robinson?
Will AIs Give Better Results If You're Rude To Them?
'I said, "Listen up, motherf*cker.'
Cybertruck Robotic Arm F10 Drone Launch!
Drone away!
Black Fungus Blocks Radiation
'You were surrounded by Astrophage most of the time'
Liuzhi Process Now In Use In China
'He was in a high-ceilinged windowless cell with walls of glittering white porcelain.'
Reflect Orbital Offers 'Sunlight on Demand' And Light Pollution
'I don't have to tell you about the seven two-mile-diameter orbital mirrors...'
Will Robots Become Family Caregivers?
'The robant and the tiny old woman entered the control room slowly...'
