The UK FCA could become the world’s first AI robo-regulator
WHY THIS MATTERS IN BRIEF The level of regulation is already a major burden on companies, a robo-regulator could automate compliance, lighten the load, reduce costs, and even identify crime before it happens. A little while ago I wrote an article highlighting a point made by the UK’s Chancellor...
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,...
New Quantum ML algorithm could revolutionise Quantum AI before it even begins
WHY THIS MATTERS IN BRIEF Artificial Intelligence, whether it’s Artificial General Intelligence or even Artificial Super Intelligence, could be completely eclipsed by the power of new Quantum AI models. One of the ways that intelligent computers and Artificial Intelligence (AI) platforms “think” is by analysing the relationships between and...
Brace yourselves AI is about to make the “Fake News!” problem a whole lot worse
WHY THIS MATTERS IN BRIEF We are approaching a dangerous threshold where one day, in the next few years, you won’t be able to trust what you see, or easily distinguish fake news from real news, and it could have big consequences on democracy and society. Over the past...
Automated trading algorithms accidentally wiped $22Bn off Facebooks share price
WHY THIS MATTERS IN BRIEF Algorithmic traders use automation to their advantage to try to beat the market, but when data goes bad the shockwaves can reverberate across Wall Street and the global markets Facebook’s stock suffered a dramatic flash crash yesterday seconds after it released its second quarter earnings,...
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...
Wall Street supremo’s pile into a new AI hedge fund dubbed the future of finance
WHY THIS MATTERS IN BRIEF Until now the financial services industry has never been able to benefit from a network effect, but that’s about to change and it could tip Wall Street on its head. The “Network Effect” is a phenomenon known the world over, it’s where a service...
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...
Futurist keynote, Frankfurt: The Future of Automated Trading, Battle of the Quants
WHY THIS MATTERS IN BRIEF Algorithmic trading has existed for decades but in the past five years it’s undergone a revolution thanks to new advances in AI and data science. As you fly into Frankfurt Airport you’re reminded of the German’s love of efficiency, technology, and bold, but functional...
Futurist in the press: Battle for a trading edge, Handelsblatt Global
WHY THIS MATTERS IN BRIEF As financial services organisations around the world increasingly embrace AI we ask the question – are the algorithmic models they’re creating infallible? Handelsblatt Global is the “Financial Times of Germany,” and it was my privilege to be interviewed by them before speaking at the...
Futurist keynote, London: The Future of Asset Management, Euromoney Asset Management 2.0 Summit
WHY THIS MATTERS IN BRIEF The world of asset management is changing faster than ever before so it’s imperative that in these times, when there are more demographic, regulatory and technological than ever before senior leaders stay informed and ahead of the curve. Firstly, thank you to Alyona for...
