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Re:Hedge Fund Is Building an Algorithmic Model From Its Empl... by ashnyc on Thursday December 22, 2016 @04:17PM (#13240472)
I am a big believer is what he is doing. I worked both in financial firm and now have my own small factory. There is so much wast in financial firms. in the early 1990s, people with MBA where getting 100k a year for just doing spreadsheets. On top of that, it is not a full days worth of work. the work was not rewarding and it was high stress. The paycheck was great, for sure. I am trying to do that same thing now with my small manufacturing shop. Ordering of raw materials, Manufacturing allocation, labor etc are all controlled by a software. These are all boring jobs that an AI will do a much better job at.
Re:Hedge Fund Is Building an Algorithmic Model From Its Empl... by saosebastiao on Thursday December 22, 2016 @08:10PM (#13241992)
Why does it have to be an artificial intelligence? The field of Operations Research has basically perfected automated and optimized decision making in pretty much every heavy industry out there, and they've been doing it since before computers even existed by using mathematical modeling.