The birth of AI will occur in the stock market
Well-known inventor and futurologist Ray Kurzweil (Ray Kurzweil) believes that the future of trading does not belong to people , but to artificial intelligence.
Ray Kurzweil is a programming genius and visionary known for his outstanding work in the field of character recognition (OCR), pattern recognition, speech synthesis, as well as the promotion of transhumanism . Bill Gates himself once called him the best living futurologist.
As you know, the basis of transhumanism is the assumption that man is not the last link in evolution, and therefore can be improved to infinity, turning into a "superman". Like all transhumanists, Ray Kurzweil promotes the development of new technologies in the field of nanotechnology, biotechnology, information technology, artificial intelligence, consciousness loading into the memory of a computer, and cryonics. He himself daily takes more than 150 vitamins, antioxidants and other chemicals that prolong biological life.
This little background is needed to understand the logic of Ray Kurzweil's predictions. Since, in his conviction, in the future the computing power of computers will exceed the capabilities of the human brain, it is quite natural that artificial intelligence will become an integral part of the economic infrastructure. In the stock market, computers will analyze billions of transactions in real time and instantly detect patterns that are invisible to the human eye.
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This forecast of Ray Kurzweil, in contrast to many others, is quite real and believable. At least, it is believed by reputable investors who have invested in a new startup Kurzweil called FatKat Inc.
Computer programs have long been successfully used in trading. They are widely used to automate the routine actions of a trader, as well as for technical analysis. In the past five years, a new generation of software for technical analysis. New generation trading programs, such as the Apama Algorithmic Trading Platform , allow traders to run the most complex strategies in intraday trading - they only need a few mouse clicks. Programs respond to market movements instantly and are able to complete a transaction within 20 milliseconds — five times faster than the fastest trader can click a button.
Thanks to modern software, today a single trader has the same capabilities as a small trading company five years ago with a dozen employees and a capital of $ 500 thousand - such a comparison is given by stock market experts.
According to analysts, about a third of all transactions in the US stock market last year were made not by people, but by computer programs. Over the past ten years, trading volume on the NYSE has grown from $ 346 million to $ 1.6 billion. The competition of traders on the stock market is gradually turning into a competition of programmers.
According to Ray Kurzweil, progress will not stop there. Perhaps the most difficult AI programs are created even not in the military department, but in the stock market, where they are really able to pay for themselves. Already now, the neural networks and genetic algorithms that simulate the processes occurring in the human brain are being used with might and main. What will happen next?
Ray Kurzweil is a programming genius and visionary known for his outstanding work in the field of character recognition (OCR), pattern recognition, speech synthesis, as well as the promotion of transhumanism . Bill Gates himself once called him the best living futurologist.
As you know, the basis of transhumanism is the assumption that man is not the last link in evolution, and therefore can be improved to infinity, turning into a "superman". Like all transhumanists, Ray Kurzweil promotes the development of new technologies in the field of nanotechnology, biotechnology, information technology, artificial intelligence, consciousness loading into the memory of a computer, and cryonics. He himself daily takes more than 150 vitamins, antioxidants and other chemicals that prolong biological life.
This little background is needed to understand the logic of Ray Kurzweil's predictions. Since, in his conviction, in the future the computing power of computers will exceed the capabilities of the human brain, it is quite natural that artificial intelligence will become an integral part of the economic infrastructure. In the stock market, computers will analyze billions of transactions in real time and instantly detect patterns that are invisible to the human eye.
')
This forecast of Ray Kurzweil, in contrast to many others, is quite real and believable. At least, it is believed by reputable investors who have invested in a new startup Kurzweil called FatKat Inc.
Computer programs have long been successfully used in trading. They are widely used to automate the routine actions of a trader, as well as for technical analysis. In the past five years, a new generation of software for technical analysis. New generation trading programs, such as the Apama Algorithmic Trading Platform , allow traders to run the most complex strategies in intraday trading - they only need a few mouse clicks. Programs respond to market movements instantly and are able to complete a transaction within 20 milliseconds — five times faster than the fastest trader can click a button.
Thanks to modern software, today a single trader has the same capabilities as a small trading company five years ago with a dozen employees and a capital of $ 500 thousand - such a comparison is given by stock market experts.
According to analysts, about a third of all transactions in the US stock market last year were made not by people, but by computer programs. Over the past ten years, trading volume on the NYSE has grown from $ 346 million to $ 1.6 billion. The competition of traders on the stock market is gradually turning into a competition of programmers.
According to Ray Kurzweil, progress will not stop there. Perhaps the most difficult AI programs are created even not in the military department, but in the stock market, where they are really able to pay for themselves. Already now, the neural networks and genetic algorithms that simulate the processes occurring in the human brain are being used with might and main. What will happen next?
Source: https://habr.com/ru/post/4728/
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