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 ")

Venezuelans Teaching Your Self-Driving Car
‘She wouldn't stop until Antar had told her everything he knew...’ Amitav Ghosh, 1995.

Pun Generation Via Neural Nets
'You said you wanted him to be able to distinguish between laugh-power in different gags...' - William Tenn, 1951.

Can We Comprehend Deep Learning Systems?
'You’ve nothing remotely like it, so I can’t describe it to you.' - Lewis Padgett, 1943.

Datagrid Model Generation Perfect For Eternal Cities Of Science Fiction
'... there was enough flexibility to allow for wide variation. - Arthur C. Clarke, 1956.

 

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

Zephyr Solar-Electric Stratospheric Drone
'The planes flew continuously, twenty-four hours a day...'

Robot Hummingbird Hovers Biomimetically
'With a buzz... it started out on its journey.'

Harvest Water From Air With Sunlight
'The atmosphere yielded its moisture with reluctance.'

Capitalist Big Brother Co-Opts Regular Big Brother
'It was even conceivable that they watched everybody all the time.'

A Floating Cosmodrome
'...a single perfectly level platform, which rose so high above the water that it was not splashed by the waves.'

First Artificial Memory Formed In Animals
'Is an extra-factual memory that convincing?' Quail asked.

Maintain Your Megastructure
Megastructures have repair robots, which have repair robots, ad infinitum.

Venezuelans Teaching Your Self-Driving Car
‘She wouldn't stop until Antar had told her everything he knew...’

Robothread Robotic Worms Crawling Through Your Brain
Perfect for clot-busting in the human brain. No Raquel Welch and no lasers, though.

Vantablack BMW X6 Is Douglas Adams Approved
'It's so... black!' said Ford Prefect.

Humanoid Robot's Muscles Biomimic Ours
'It is remarkable that the long leverages of their machines are in most cases actuated by a sort of sham musculature...'

Animatronic Robotic Baby Exposed
'The birth of Machine, my robot child...'

Beijing HaiDiLao Robotic Hotpot Restaurant Now Flavored By Artificial Intelligence
'Kantos Kan led me to one of these gorgeous eating places where we were served entirely by mechanical apparatus.'

Plants of the Future - What Should They Be Like
'He almost choked in his astonishment. Mashed potatoes and brown gravy!'

China Deploys Robot Traffic Police
'The robot came up smooth and fast as a rocket...'

Better Than Dune Chromoplastic? This Guy Might Have Done It
'But when Old Father Sun departs, the chromoplastic reverts to transparency in the dark.'

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.