“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.”
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