Monday, May 27, 2024

Does ChatGPT herald a new AI era for hedge funds?

Photo by Sanket Mishra on Unsplash

  • AI technology is nothing new in the hedge fund space, but ChatGPT has sparked an industry conversation
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When the author Robert Harris was researching his 2011 novel, The Fear Index, he spent a day with the algorithmic team at BlueCrest (founder Mike Platt and Leda Braga, who then founded Systematica Investments, are thanked in the acknowledgements).

The resulting book featured a fully autonomous AI hedge fund, which develops a mind of its own.

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