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?

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.

"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:

One slow afternoon I asked a pair of chirpsithra about intelligent computers.

"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.


(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 ")

Tesla Autopilot: What Does An Autonomous Car See When It Looks At The Road?
'Jeremiah is a sports-model to begin with and that kind is awfully hot-tempered.' - Isaac Asimov, 1953.

Blurry Face Photos Made 60 Times Sharper
Perfect tool for blade runners.

Clarke Was Right, Artificial Intelligences DO Dream
'Of course you will dream. No one knows why." - Arthur C. Clarke, 1984.

Memes Now Come From Neural Nets
'Your order said for him to be able to be able to work out twists on the gags in the file...' - William Tenn, 1951.

 

Google
  Web TechNovelgy.com   

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.

 

 

 

 

 

Current News

TytoCare Offers Futuristic Home Care
'Immediately an enormous apparatus fell on to her out of the ceiling...'

Powdered Regolith Propulsion
'... filling their great tanks with the finely divided dust which the ionic rockets would spit out in electrified jets.'

Ford's SafeCap, Opposite Of Niven and Barnes' Napcap
'In the napcap a client became an instant yoga master...'

Would You Get 'Chipped'? Michigan May Ban Employers
'Employees above a certain level were implanted with advanced microprocessors...'

Tesla Autopilot: What Does An Autonomous Car See When It Looks At The Road?
'Jeremiah is a sports-model to begin with and that kind is awfully hot-tempered.'

DNA Controls Swarms Of Molecular Robots
'They exist in loose swarms...'

Tether Asteroids To Save Us All
'If anything can glue the asteroids back into the planet they once were, magnology will do it.'

Blaux Your Personal Commuter Cooling Unit
A cooling unit had to be strapped to every commuter's back, by law.

3D Printed Damascus Steel Now Possible
'...lined with durite, that strange close-packed laboratory product.'

R9X Hellfire Missile With Long Blades Kills Queda Leader
'He was still roaring when the knife missile flicked past him...'

Would You Swallow An Origami Robot?
'Swallow it in an emergency--it goes down easily and works just as well inside as outside.'

Perhaps You Might Be Interested In Habitable Exoplanet Moon Real Estate
A long time ago in a galaxy far, far away...

Blurry Face Photos Made 60 Times Sharper
Perfect tool for blade runners.

SpaceX Will Build Floating Spaceports!
'...a single perfectly level platform, which rose so high above the water that it was not splashed by the waves.'

Fast Radio Bursts And Space Beacons For Interstellar Navigation
'Every beacon has a code signal as part of its radiation...'

Robot Garbage Trucks Visualized
'It was a bulky, shining cylinder over twenty metres long.'

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.