Can AI Beat the Market? Wall Street Is Desperate to Try
https://www.bloomberg.com/news/articles/2023-10-03/can-ai-pick-stocks-better-than-wall-street-firms-are-trying
Voleon Group boasts some of the best minds in data science. The hedge fund’s co-founder and chief executive officer is a former nuclear physicist and web pioneer. Its head office is in Berkeley, California, strategically placed near a world-class machine-learning center where it has access to the latest advances in artificial intelligence.
The firm, with some $5 billion in assets under management, is one of a growing number of funds dedicated to creating the ultimate money machine—AI that can teach itself to beat the market.
https://www.bloomberg.com/news/articles/2023-10-03/can-ai-pick-stocks-better-than-wall-street-firms-are-trying
Voleon Group boasts some of the best minds in data science. The hedge fund’s co-founder and chief executive officer is a former nuclear physicist and web pioneer. Its head office is in Berkeley, California, strategically placed near a world-class machine-learning center where it has access to the latest advances in artificial intelligence.
The firm, with some $5 billion in assets under management, is one of a growing number of funds dedicated to creating the ultimate money machine—AI that can teach itself to beat the market.