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
 |
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?
"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:
"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.
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.
One slow afternoon I asked a pair of chirpsithra about intelligent computers.
(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 ")
AI Operates An Excavator
'So far as I could see, the thing was without a directing Martian at all.' - HG Wells, 1898.
Grok And The City Fathers From 'Cities In Flight' By James Blish
'Chris, the City Fathers are not interested in your welfare; I suppose you know that. They're interested in only one thing: the survival of the city.' - James Blish, 1957.
Will An AI Found A New Religion?
'You must decide how you will worship Me.' - Frank Herbert, 1965.
Orwell's Nightmare Of AI-Written Novels Comes To Pass
'Books were just a commodity that had to be produced, like jam or bootlaces.' - George Orwell, 1948.
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
AI Operates An Excavator
'So far as I could see, the thing was without a directing Martian at all.'
US Army IBEX Exoskeleton Walks Troops Out Of Danger
'The suit stands up and starts walking, gripping me round the calves and waist, taking the bulk of my weight off my throbbing feet.'
Boy Makes Biomimetic Turtle Robot
't came out into plain view. Darkington glimpsed a slim body and six short legs of articulated dull metal.'
Elon Musk Wants Data Centers In Space
'Internally it’s made up of millions of components, but the most important ones are the thinking and memory parts of the Mind proper.'
Origin F1 Humanoid Robot's Facial Skin
'I could look down at that face of carefully molded synthetic rubber, tinted the exact shade of the doctor's living flesh.'
Grok And The City Fathers From 'Cities In Flight' By James Blish
'Chris, the City Fathers are not interested in your welfare; I suppose you know that. They're interested in only one thing: the survival of the city.'
Why Not Move A Warehouse District?
'Did you never see a moving house before?'
Will An AI Found A New Religion?
'You must decide how you will worship Me.'
Terraformer Industries Make Methane
'Drake was the young spatial engineer he employed to terraform the little rock...'
I Need An Outdoor Spherical Display
'Usually a spherical display hovered in the centre...'
Worm Disrupts Physics Simulations Undetected For A Decade
'It diverts integers of the data, the fundamental message-units, so that they no longer agree.'
Muxcard Redditor's DIY Credit Card-Sized Computer
It's a computer, but just barely.
'Soft Assembly' Fashions That Fashion Themselves On The Wearer
'Clothes are no longer made from dead fibers of fixed color and texture that can approximate only crudely to the vagrant human figure...'
Orwell's Nightmare Of AI-Written Novels Comes To Pass
'Books were just a commodity that had to be produced, like jam or bootlaces.'
ISS Plagued By Leak - Again!
'There were perhaps a dozen bladder-like objects in the tunnel...'
Ridiculous 'Ghost Murmur' Tech Still Science Fiction
'...it rears and spreads its fan. It can pick one man out of a crowd.'
