Two Sigma Hires Google Brain Scientist To Finally Make This Damned AI Thing Work - Dealbreaker

Two Sigma Hires Google Brain Scientist To Finally Make This Damned AI Thing Work

Mike Schuster has the chance to be the hedge fund’s last human employee.
Author:
Updated:
Original:
By D J Shin (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

By D J Shin (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

For a hedge fund that has made its name and its fortune in all matter quant, Two Sigma Investments has had a pretty dim view of the space’s white whale, artificial intelligence. “People may have unrealistic expectations,” co-founder David Siegel has said. “Machine learning systems can easily with high confidence make mistakes.” Siegel has also lamented the fact that AI “doesn’t have anything that resembles common sense.” But then again, neither do all of Two Sigma’s meat-sack employees. So AI it will have to be, and Mike Schuster will have to figure out how to make it less stupid.

Schuster, who started at Two Sigma last week, is leading a new team of coders and engineers to bring together AI efforts in areas like machine learning and deep learning scattered across the firm. The group will also focus on advancements in the technologies….

In the war for talent between financial firms and Silicon Valley, Two Sigma has hired a hard-to-find AI expert with years of experience. Schuster was senior staff research scientist at Alphabet Inc.’s Google for 12 years, conducting basic research on machine learning and neural networks and working on the Android speech recognition system and Google Translate, according to his LinkedIn profile.

Two Sigma Hires Google Scientist Mike Schuster for AI Expansion [Bloomberg]

Related

two-sigma-gif

Two Sigma Taking Crowdsourcing Approach To Trading Algorithms

Quants' job security may not be so secure after all.

By D J Shin (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

Quants Hungry For Data Fix, Looking For Dealers Everywhere

If you’ve got the good stuff, they’ve got the green.

Hal2000.SAC

Hedge Fund Manager Engineering His Own Obsolescence

Muhammed Yesilhark is this close to turning things over to 40 electronic versions of himself.

TwoSigma Tom HIll

Two Sigma Rubbing Tom Hill's Shiny Hair In Hopes To Gain Whatever Magic Might Be Left

Steve Schwarzman's hedge fund guru is spending his retirement hanging with the quant nerds.

Computer Scientists Are Smarter Than You, Says Guy

And they're coming for the hedge fund jobs.

Bridgewater’s Principled Robots Nothing To Fear, Says Bridgewater

Everybody relax. It's business as usual at the truthiest hedge fund in America.