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 ")

DALL-E Makes Creative Images From Text
Okay, sf fans. If you could have some art created from a science fiction sentence, what sentence would you pick?

ARTUu AI Copilot For USAF
'A series of short beep's and chirps issued from his speaker...' - George Lucas, 1976.

A.I. Jesus Proclaims Machine Gospel
'... he crossed the waiting room to the Padre booth; inside he put a dime into the slot and dialed at random.' - Philip K. Dick, 1969.

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.

 

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

DALL-E Makes Creative Images From Text
Okay, sf fans. If you could have some art created from a science fiction sentence, what sentence would you pick?

BladeBUG Robots Clean Massive Wind Turbine Blades
'There were the cleaners, with large padded feet, who were apparently polishing their way the whole length...'

Looms To Manually Weave Lunar Rover Wheels
It's fascinating to me how the Apollo program forced people to think outside their usual boxes.

IceBot Antarctic (Planetary?) Robotic Explorers Made Of Ice
'Some will combine in place to form more complicated structures, like excavators or centipedes.'

Glad 2020 Is Over
Maybe you missed one of these?

PEDOT Polymer Could Enhance Brain-Machine Interfaces
'the hair-fine wire going deep into Owen's brain, down into the pleasure center.'

Study: Robots Encourage Humans To Take Risks
Not exactly Three Laws compliant.

Kinetic Buildings And Psychotropic Houses
'There was a dim whirring, and the spheres tipped and began to rotate...'

Jupe Urban Escape Pods Have Tesla, SpaceX Roots
'The houses are prefabricated units... and they sell at the flat rate of five hundred dollars a room set up.'

Best Robot Dance Video Of 2020
'I can Mashed Potato... I can do the Twist.'

Vertical Farm In Singapore's Output Is 1.5 Tons Per Day
'A towering eighty-story structure like the office "In-and-Out" baskets stacked up to the sky.'

3D Printed 'Blisk' Manufactured In Orbit
'It can be mass-produced only in the orbiting factories...'

Comercial Airlock 'Bishop' Now On ISS
'They put the bones and the glass can that had contained the soup into the double-doored partition or vestibule...'

Space Station Could Use Some Martian Sawgrass
'What better purifying machine is there than a plot of grass?'

ARTUu AI Copilot For USAF
'A series of short beep's and chirps issued from his speaker...'

Smellicopter Combines Live Moth Antenna With Mechanical Drone
'The organic tissue is inserted in the master tank and then sealed.'

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.