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People Eager To Invest With Robots That Will Eventually Rule The World, Would Rather Not Discuss It

Yoshinori Nomura knows what we're talking about
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By Karl Palutke (Flickr) [CC BY-SA 2.0], via Wikimedia Commons

via Wikimedia Commons

You’ll have to excuse Yoshinori Nomura if he gets a little verklempt thinking about the moment his self-learning investing machine proved itself smarter than he is. It was on Brexit Day. Initially, Nomura was freaking out a little, because he—like the rest of the cosmopolitan elite—assumed that the British couldn’t possibly be so stupid and short-sighted, and his robot was selling. As we all now know, the British were precisely that stupid and short-sighted, as Nomura’s machine predicted.

Here’s the thing, though: Insights like that aside, nobody wants to go to their superiors and say, “We should invest with this robot that’s smarter than all of us.” And so Nomura and the restof themachine-fanciers need some help coming up with some good, obfuscatory euphemisms for “artificial intelligence.”

Some prospective institutional clients are so hesitant to stick their neck out for an unfamiliar product that they asked Nomura to remove the term AI from Simplex’s promotional materials. They didn’t want to have to explain how it works to their bosses, he said.

How This Hedge Fund Robot Outsmarted Its Human Master [Bloomberg]


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