Self-Learning Machines Beating Hedge Funds — What Lawyers Need to Know

It’s almost impossible to open a copy of the Wall Street Journal or Bloomberg Businessweek these days without seeing evidence of how self-learning computers are upending various sectors of the economy. I have previously written about the effect that artificial intelligence is having on lawyers, including in some cases replacing lawyers wholesale. Yet, even for those lawyers focused on providing services that machines cannot replicate, the sea change in computer technology is still going to have major indirect effects. Take the hedge fund industry, for instance. For the better part of a decade, hedge funds have thrived thanks to large asset inflows and the mythos surrounding the industry. That’s changing. It’s fair to say that conventional hedge funds today are under siege and need to be thinking about where their…


Link to Full Article: Self-Learning Machines Beating Hedge Funds — What Lawyers Need to Know