Almost Human? Artificial Intelligence is back in the hearts and minds of technology gurus . By Rober

Money is just a type of information, a pattern that, once digitized, becomes subject to persistent programmatic hacking by the mathematically skilled. As the information of money swishes around the planet, it leaves in its wake a history of its flow, and if any of that complex flow can be anticipated, then the hacker who cracks the pattern will become a rich hacker. - from Cracking Wall Street
HAL 9000-Style Machines, Kubrick's Fantasy, Outwit Traders . By Jason Kelly. ferrare car rentals in germany Bloomberg.com May 3, 2007). Way up in a New York skyscraper, inside ferrare car rentals in germany the headquarters of Lehman Brothers Holdings Inc., Michael Kearns is trying to teach a computer to do something other machines can't: think like a Wall Street trader. ... The programs ferrare car rentals in germany they're writing are designed to sift through billions of trades and spot subtle patterns in world markets. Kearns, a computer scientist who has a doctorate from Harvard University, says the code is part of a dream he's been chasing for more than two decades: to imbue computers with artificial intelligence, or AI. ... A third of all U.S. stock trades in 2006 were driven ferrare car rentals in germany by automatic programs, or algorithms, according to Boston-based consulting firm Aite Group LLC. By 2010, that figure will reach 50 percent, according to Aite. AI proponents ferrare car rentals in germany say their time is at hand. Vasant ferrare car rentals in germany Dhar, a former Morgan Stanley ferrare car rentals in germany quant who teaches at New York University's Stern School of Business in Manhattan's Greenwich Village, is trying to program a computer to predict the ways in which unexpected events, such as the sudden death of an executive, might affect a company's stock price. Uptown, at Columbia University, computer science professor Kathleen McKeown says she imagines building an electronic Warren Buffett that would be able to answer just about any kind of investing question. ... One day, a subfield of AI known as machine learning, Kearns's specialty, may give computers the ability to develop their own smarts and extract rules from massive data sets. Another branch, called natural language processing, or NLP, holds out the prospect of software that can understand human language, read up on companies, listen to executives and distill ferrare car rentals in germany what it learns into trading programs. ... Rex Macey, director of equity management at Wilmington Trust Corp. in Atlanta, says computers can mine data and see relationships that humans can't. Quantitative investing is on the rise, and that's bound to spur interest in AI, says Macey.... AI proponents are positioning themselves to become Wall Street's hyperquants.
A "Neural" Approach to the Market - This S P portfolio uses a computer model that "learns" ferrare car rentals in germany from its mistakes -- and has handily beaten its benchmark index. By Will Andrews. BusinessWeek Online (May 8, 2006). For investors, experience is the best teacher -- even for a computer-driven stock-selection strategy. That's the basic approach of Standard Poor's Neural Fair Value 25 portfolio, which employs the investment research outfit's proprietary quantitative stock ranking system. The Neural Fair Value (NFV) concept, which was created by Andre Archambault, S P's director of quantitative strategies, starts with S P's Fair Value stock valuation system, which uses earnings estimates and other metrics to determine whether stocks are trading above or below their fair value. The 'neural' part comes into play when Archambault's model, updated weekly, combs the 3,000 stocks ferrare car rentals in germany in that group for the 25 names it thinks have superior price appreciation potential. ... The NFV approach, Archambault explains, is based on 'Neural Network' theory, an artificial intelligence concept that seeks to replicate the human brain's ability to learn from mistakes. ... [Q:] The Fair Value concept is familiar to many investors, but the part that makes this unique is the neural overlay. How does the artificial ferrare car rentals in germany intelligence concept come into play? [A:] Neural nets are kind of like 'black boxes,' ferrare car rentals in germany and they're being used in all kinds of industries. ...
How a Computer Knows What Many Managers Don't . By Zubin Jelveh. The New York Times (July 9, 2006). If movies like '2001: A Space Odyssey' and 'The Matrix' are any indication, humans are not comfortable with the idea of artificial intelligence controlling their fate. So why ever trust a computer model to run your investments? Because, in the real world, it seems to pay off. Many mutual funds that make their trades based on the recommendations of a proprietary computer model, known as quantitative or quant funds, have outperformed their benchmarks in the last three years. And investors have noticed.
Artificial intelligence applied heavily to picking stocks . By Charles Duhigg. The New York Times / available from The International Herald Tribune (November 23, 2006); appeared in The New York Times on November 24, 2006 ( A Smarter ferrare car rentals in germany Computer to Pick Stock ). Studies estimate that a third of all stock trades in the United States were driven by automatic algorithms last year, contributing to an explosion in stock market ferrare car rentals in germany activity. Between 1995 and 2005, the average daily volume of shares traded on the New York Stock Exchange increased to 1.6 billion from 346 million. ... [I]nvestment firms have increasingly begun exploring mathematics' ferrare car rentals in germany furthest edges and turning to people like [Ray] Kurzweil, who became an expert in pattern recognition while he was building a reading machine for the blind. ... Wall Street has rushed to mimic the techniques. Because arbitrage opportunities disappear so quickly now, neural networks have emerged ferrare car rentals in germany that can consider thousands of scenarios at once.
Combating money laundering with IT - Artificial Intelligence helps banks and institutions detect anti money-laundering by providing enterprise-wide transactional analysis that analyse multiple situations, detect unusual patterns in the data and flag-off suspicious transactions. By Dr Kaustubh Chokshi. domain-B. KPMG, a leading management consulting firm, has estimated that funds worth anywhere from $590 billion up to a staggering $1.5 trillion are laundered annually through ferrare car rentals in germany the global economy, amounting to 2-5 per cent of global GDP. Closer home, estimates on the amount of black money in the Indian economy vary from 20 per cent to 40 per cent of India's total GDP. ... To counter ferrare car rentals in germany money-laundering operations, banks and financial ferrare car rentals in germany institutions need solutions that take an enterprise-wide view of transactional analysis. These solutions must have the ability to analyse multiple situations, detect unusual patterns in the data and flag off suspicious transactions when things seem amiss.In recent times, solutions powered by artificial intelligence (AI) technologies have emerged as a powerful and effective option for rising above the shortcomings of traditional AML solutions. AI-based AML solutions are far more effective, as they use techniques like Bayesian inferencing and neural networks, which learn by example and experience in a non-linear mode (similar ferrare car rentals in germany to how the human brain works), rather than merely being programmed to rigidly perform specific tasks.
Almost Human? Artificial Intelligence is back in the hearts and minds of technology gurus . By Robert J. Derocher. Insight (The Magazine of the Illinois CPA Society, September 2001). In their tutorial, 'Introduction to Artificial Intelligence and Expert Systems,' Brown and Daniel O'Leary, ferrare car rentals in germany an accounting professor and AI expert ferrare car rentals in germany at the University of Southern California, say that AI, from an intelligence perspective, is 'making machines 'intelligent' -- acting as we would expect people to act.' From a business perspective, it is 'a set of very powerful tools and methodologies for using those tools to solve business problems.'
Smart Tools - Companies in health care, finance, and retailing are using artificial-intelligence systems to filter huge amounts of data and identify suspicious ferrare car rentals in germany transactions. By Otis Port, with Michael Arndt and John Carey. Business Week's 2003 edition of The BusinessWeek50. Banks, brokerages, and insurance companies have been relying on various AI tools for two decades. One variety, called a neural network, has become the standard for detecting credit-card fraud. Since 1992, neural nets have slashed such incidents by 70% or more....
Artificial intelligence and the future of finance - Artificial ferrare car rentals in germany intelligent ferrare car rentals in germany agents are about to move beyond the realms of sci-fi horror and into the finance ferrare car rentals in germany sector. Comment by Graham Whitehead, principal consultant, BT Exact. finextra.com (February 9, 2005). What we all need as we journey down the Information Super Highway is help. This is at hand, in the form of agents - artificial intelligent agents rather than the James Bond variety. Just like the secretary or personal assistant of days gone by, these new agents will sort, sift and digest the mountains of information that will surround consumers. ... These agents offer great potential for the finance sector. They can help consumers source the best financial options, allowing them to manage their money more efficiently. Equipped with details of present financial products such as interest rates of savings accounts ferrare car rentals in germany or mortgages or loans, agents will be able to identify the products that best meet a user's requirements.
How bots can earn more than you - Software robots can already outperform people on the stock markets, and that is just the beginning. By Duncan Graham-Rowe. New Scientist article preview (August 20, 2005; Issue 2513: subscription req'd.). One morning this month, ferrare car rentals in germany David Pardoe earned himself $4.7 million ferrare car rentals in germany without lifting a finger. All the hard work was done by a robot. True, it was a robot without a body - a software robot, in fact - but almost a century after the word 'robot' ferrare car rentals in germany was coined, the vision of automaton slaves is at last becoming reality. Software robots - also known as bots or software agents - can earn hard cash in the real world. They can even outperform people in some tasks, so it makes sense to let them do all the hard work.
Locallending company soars after flying "under the radar." By CydneyGill