“What’s remarkable about their efforts isn’t that AI science fiction is suddenly becoming AI science fact (sorry, Steven Spielberg). It’s something more mundane: thanks to cloud computing, mind-blowing data analysis is getting so cheap that many businesses can easily afford it. Sophisticated hedge funds like Renaissance Technologies and tech giants like Google Inc. have been deploying AI and its subset, machine learning, for years. Now data shops like Ufora, which McKee founded in 2011, are leveraging cloud power to help hedge funds and other financial players run complex, big-data computer models. The results are startling.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Man busted at airport with $70 million check is ex-Iran central bank head
Uber executives detained by police in Paris
Living with Venezuela's high inflation
Bernanke Advises "Perpetual Bonds" To Japanese Government
American Dream Slipping as Homeownership at 18-Year Low
9 things you should know about Bitcoins
U.S. suspends joint military operations with Afghanistan after insider attacks
USDA spends $2M, gets one intern, program fails
Government Now Tracking Millions of U.S. Cars
Britain's first physical Bitcoin shop opens in London
Federal Reserve expected to stay the course on near-zero interest rate
Secret Cabinet documents leaked after locked cabinets sold in Australia
Fed's Evans: Keep Easing and Economy Will Hit 'Escape Velocity' by 2014
Alfred McCoy: The Future of the American Empire
Why Puerto Rico's Attractive as a Tax Haven