A Tale of Two AIs

The trouble with developing ‘artificially intelligent’ trading systems is that a mass market for the technology has yet to develop. “Potential clients that might want to use a system like ours usually would want it on an exclusive basis,” said Guillaume Vidal, the CEO of Paris-based startup Walnut Algorithms. “They would want to own us or buy us out.” San Francisco-Based Tech Trader also found a similar environment when it launched in 2012, according to CEO William Mok. Both firms found it was much easier to rely on the trading revenue generated by their AIs to fund their businesses. “We view ourselves as a technology company first,” said Vidal. “We use the latest advancements in AI to solve very complex problems.” Except for setting up their own hedge funds, the…


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