What are AI neural networks and how are they applied to financial markets?

People have been using artificial neural networks to try and predict financial markets for decades. In the new millennium, the algorithms that train the networks to do such things have improved, but not fundamentally changed: what has changed is the raw computing power driving them, which has increased by half a dozen orders of magnitude in the last 30 years. In a few decades a cheap computer may compute as much as all human brains combined – and everything is going to change; every aspect of civilisation is going to be affected and transformed by that. – Jürgen Schmidhuber So now we are experiencing another AI summer; events like Google buying the machine learning system Deep Mind for $600m made big headlines, as do rumours of secretive hedge funds forming…


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