The world’s largest hedge fund is building an AI engine to manage the company
|12/23/2016||Posted by BusinessMediaguide.Com under General World News||
Bridgewater Associates, the world’s largest hedge fund, is building an artificial intelligence engine to automate the management of the company, according to a report in the Wall Street Journal.
Ray Dalio, Bridgewater’s founder, wants the AI system to handle everything from the day-to-day management of investments down to organising staff’s days and even hiring and firing, according to the report.
Bridgewater, which has $160 billion (£130 billion) under management, already has algorithms that inform the strategy of its “Pure Alpha” fund, measuring hundreds of economic data points. But the new AI system, referred to as the “Book of the Future” by read more >>>