October 2020
Intermediate to advanced
475 pages
11h 39m
English
Content preview from Artificial Intelligence in Finance
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 14. Financial Singularity
We find ourselves in a thicket of strategic complexity, surrounded by a dense mist of uncertainty.
Nick Bostrom (2014)
“Most trading and investment roles will disappear and over time, probably most roles that require human services will be automated,” says Mr Skinner. “What you will end up with is banks that are run primarily by managers and machines. The managers decide what the machines need to do, and the machines do the job.”
Nick Huber (2020)
Can AI-based competition in the financial industry lead to a financial singularity? This is the main question that this final chapter discusses. It starts with “Notions and Definitions”, which defines expressions such as financial singularity and artificial financial intelligence (AFI). “What Is at Stake?” illustrates what, in terms of potential wealth accumulation, is at stake in the race for an AFI. “Paths to Financial Singularity” considers, against the background of Chapter 2, paths that might lead to an AFI. “Orthogonal Skills and Resources” argues that there are a number of resources that are instrumental and orthogonal to the goal of creating an AFI. Anybody involved in the race for an AFI will compete for these resources. Finally, “Star Trek or Star Wars” considers whether an AFI, as discussed in this chapter, will benefit only a few people or humanity as a whole.
Notions and Definitions
The expression financial singularity dates back at least to the 2015 blog post by Shiller. In this post, ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.