Archive for May, 2007
Shredding is no longer sufficient
At least if someone is really, really interested in your shredded notes.
A research team in Germany developed a software system to piece back 45 million pages of shredded secret police files. At the heart of the software is an image processing and digital patterns tool they have spent years developing.
We’ve made our match
The WP has an interesting story on AI in chess. They note that it was ten years ago last week that a computer first beat a world chess champion. Since then 3 more computer vs grand master matches have taken place and two draws and a loss were acquired by the grand masters.
The article goes on in depth about how this interaction is making chess masters better, and all the rest of us who interact with computers or program the computers.
It’s an interesting read.
Artificial intelligence in financial engineering
Micheal Kearns of Lehman Brothers is working on artificial intelligence that can watch trades and pick up trends brokers might not notice. He is also hoping to take greed and fear out of trading decisions.
Vasant Dhar of NYU’s Stern School of Business and Kathleen McKeown of Columbia University are working on similar projects.
While artificial intelligence has done very well solving closed system problems, it has not done so well with open system problems like trading.
Financial engineering has made huge progress in the last decade. Adding in artificial intelligence is certain to take things to new levels.
For more information:
New Breakthrough Unveiled in Investment Managment: First Time Artificial Intelligence Applied to World Financial Markets
Financial Engineering News
Computer scientists working on machines that can match Wall Street traders
