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Artificial Intelligence
September 16, 2015
https://intelligent.schwab.com

Charles Schwab Offering AI-Powered Investment Service

Charles Schwab, financial services

Have $5k you want to invest, but not sure where to put it? Charles Schwab has the perfect investment option for the excited-about-self-driving-cars crowd: Intelligent Portfolios.

Pop on over to the site to get started. You’ll answer a short questionnaire, driven by a nicely done interface, answer questions mainly about your risk tolerance, set up your account, and then you’re off and running. Schwab’s investment algorithm will manage your dough for you.

Don’t go thinking this is a novelty, though. The days of your wetware, human-based investment decisioning are coming to an end. Those pesky mammals just can’t make decisions as quickly as an AI.

Artificial Intelligence
August 19, 2015

Report: Artificial intelligence for enterprise may drive financial services, manufacturing

financial services, manufacturing, retail, Tractica

Could an AI be your next hedge fund manager? Market intelligence firm Tractica predicts enterprise artificial intelligence revenue to hit US$11B in 2024, driven by applications for financial services, manufacturing, retail, and oil and gas.

“Tractica forecasts that annual revenue for enterprise applications of AI will increase from $202.5 million worldwide in 2015 to $11.1 billion in 2024, representing a compound annual growth rate (CAGR) of 56.1%.”

AIE-15-chart

One of the biggest hurdles each industry must jump, Tractica notes, is the collection of clean, valid, accurate data.

“Although some data, such as pictures of cats, are freely abundant on the internet, other data is much rarer, which could prove a barrier to adoption for AI systems that need to make decisions based on reliable data.”

We will also need collectively to deal with the legal, ethical, and political ramifications of enterprise AI. To get back to our original question, could an AI legally manage a hedge fund? What happens when competing companies, with competing profit motives, employ the same, or different, AI entities?

More: Tractica.com

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