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A $96 billion fund firm created a AI hedge fund, but freaked out when it couldn’t explain how it made money (NVDA, AMD)

Artificial intelligence has been around since the 1950s but is exploding in popularity recently, especially in the world of finance.

The idea that an investor can do a bit of programming, and then sit back to watch the profits roll in is an exciting idea, especially when it works. But according to a story by Adam Satariano and Nishant Kumar from Bloomberg, one hedge fund manager was initially scared by how well his AI trading machine worked.

Source: markets.businessinsider.com
Author: Seth Archer

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