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 ")

DeepMind AI Baffled By Homer Simpson, Needs Human Help
'Whenever a robot finds something it can't identify straight off...' - Harry Harrison, 1956.

Deep Learning Creates New Faces
'a million and a half physiognomic fraction-representations of various people...' - Philip K. Dick, 1977.

Xiaoice AI Now A Poet
'How can you compete with an IBM heavy-duty logomatic analogue?'- JG Ballard, 1971.

Artificial Intelligence Software Predicts Lifespan
'The doctor... went behind his apparatus... exposed dials came to life and a low humming came from the machine...' - Robert Heinlein, 1939.

 

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

TALOS Exoskeleton Development Proceeding
'Suited up, you look like a big steel gorilla...'

Autonomous Robots Navigate Like Rats
'Out of warrens in the wall, tiny robot mice darted.'

SINTEF Robot Cleans Solar Panels
'The window cleaners, with large padded feet...'

Pangorin Restaurant Service Robots
What'll you have? Jawa juice?

Drug Creates Real Melanin Tan
I've used them all my life...

Medical Drones Hover Like Angels Near You
'The death-reversal equipment is on its way...'

SkEye Amazing Israeli Gigapixel Drone
'An eye that could not only see, but fly...'

How Rude! DARPA Wants Robots To Behave More Like Threepio
'Do I know protocol? Why, it's my primary function.'

'Liquid Light' Flows Around Corners
Light as a superfluid.

Unrolling The Filmy Materials Of Space Tech
'When unfolded and unrolled... it became a tough, gleaming film.'

Buddy Companion Robot Your Bulbous Friend
'Nanny was built in the shape of a sphere, a large metal sphere, flattened on the bottom...'

Poli-X1 Prototype Bee Pollinator
Is there anything drones can't do?

Bake in Space Bake-Off... In Space!
'A joyous condition commenced for the cook in the electric kitchen...'

DeepMind AI Baffled By Homer Simpson, Needs Human Help
'Whenever a robot finds something it can't identify straight off...'

Does Earth's Middle Mantle Hold Oceans Of Water?
Al Gore, you have no idea.

Vaccine Blocks Heroin High
'You're biochemically incapable of getting off...'

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.