Then isn’t it just automation, and not AI in the traditional sense?
I am yet to know the full details of LTCM, but AFAIK, real life events that had unfolded, went beyond their modelling, their historical assumptions or anticipations and interpretations, so they failed.
So if funds run by Nobel prize winners can fail, who in my personal opinion are the synonym for intelligence, even proving the rhyming history quote by Mark Twain wrong, a pure AI fund, no matter how powerful, no matter the harnessing of vast amounts of data and come up with innumerable possible scenarios, there is always the element of human psychology and emotions that will spoil the game, there will always exist a new possible scenario that has not happened yet, but is waiting to happen.
| Subscribe To Our Free Newsletter |
