Money managers seek AI’s ‘deep learning’

In 1957 Frank Rosenblatt and the eggheads of the Cornell Aeronautical Laboratory invented the Perceptron, a machine that the New York Times wrote could be “the embryo of an electronic computer that [the Navy] expects will be able to walk, talk, see, write, reproduce itself and be conscious of its existence”. In short, artificial intelligence. The clunky, wire-laden Perceptron turned out to be a damp squib. Humans are still far from producing the kind of intelligent, conscious machines made famous by the movie industry. The occasional breakthrough has periodically spurred excitement that eventually dissolved into cynicism. There has been a lot of progress, but mostly in “narrow” AI suitable for very specific tasks, like movie suggestions, playing games, spotting friends on Facebook and translating French. But recent advances across several…


Link to Full Article: Money managers seek AI’s ‘deep learning’