Decentralised hedge funds take aim at Wall Street elite

Decentralised hedge funds take aim at Wall Street elite

WHY THIS MATTERS IN BRIEF Services and industries are increasingly becoming decentralised, and the financial services industry is no exception.   A little while ago I discussed how one hedge fund, Aidyia, is now fully autonomous, a decentralised autonomous organisation run by an AI without humans, and how another, Numerai,...

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Wall Street traders are getting crushed by AI

Wall Street traders are getting crushed by AI

WHY THIS MATTERS IN BRIEF More investment companies are embracing AI to help them find an edge in the market and generate massive returns, and so far the data indicates that AI traders are crushing their human equivalents. An international team of researchers from the School of Business and Economics...

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An AI hedge fund designed a cryptocurrency to open source Wall Street

An AI hedge fund designed a cryptocurrency to open source Wall Street

WHY THIS MATTERS IN BRIEF The finance marketplace is unique in that, unlike the technology sector, it has little to no “network effect” but one entrepreneur is trying to change that.   Wall Street is a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is...

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No humans required, the fully autonomous AI running a Wall Street hedge fund

No humans required, the fully autonomous AI running a Wall Street hedge fund

WHY THIS MATTERS IN BRIEF Companies that use artificial intelligence to augment their human workers is nothing new, but companies that are run by artificial intelligence, without any human input, are.   I’ve been documenting the emergence of fully autonomous organisations – organisations that are able to run and scale...

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