In many financial applications, speed is of the essence. Machine learning, especially deep learning, has a reputation for being slow. However, recently, there have been many advances in hardware and software that enable faster machine learning applications.
Using the right hardware for your problem
A lot of progress in deep learning has been driven by the use of graphics processing units (GPUs). GPUs enable highly parallel computing at the expense of operating frequency. Recently, multiple manufacturers have started working on specialized deep learning hardware. Most of the time, GPUs are a good choice for deep learning models or other parallelizable algorithms such as XGboost gradient-boosted trees. However, not all applications ...