Just kidding. For now.
Big, established asset managers and hedge funds like BlackRock, Bridgewater and Schroders are pouring money into technology and data management, snapping up computer scientists to help them build and develop next-generation investment systems that can outperform any human. This may sound fantastical, but the possibility is real enough to trigger some serious thinking about the future of the investment industry….
Google’s triumph over mankind at Go — the ancient Chinese board game long thought to be too complex for computers to master — has even reawakened interest in so-called “neural networks”, an AI area that was long out of favour among quantitative fund managers.
Money managers seek AI’s ‘deep learning’ [FT]
Earlier: Even Peasants Can Have Robots Invest Their Money; Elon Musk, Stephen Hawking, Noam Chomsky And An Army of Killer Robots Walk Into A Bar; Robots Probably Couldn’t Take Over World For More Than A Few Hours; Bridgewater’s Principled Robots Nothing To Fear, Says Bridgewater