By now, everyone and his pet dog knows that Artificial Intelligence (AI) or AI-powered robots are going to one day take over our lives. In 2017, Li met Raffaele Costa, who told him about an AI-powered hedge fund his company Tyndaris Investments was setting up. An AI program is given a massive database, some basic rules and a certain goal. AI programs base their decisions by studying history—they suss out past patterns and expect these to continue. After a certain point, the AI program’s creators can no longer make out the logic their deep-learning progeny is following.

Source: Mint May 10, 2019 09:45 UTC