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Earlier quoted context omitted.
not necessarily. some (maybe most?) black box quants own their algorithm even if they leave the Hedge Fund. And of course they make profits while the algos are used. So the architects of the system are incentivized for it to work well.
> some (maybe most?) black box quants own their algorithm even if they leave the Hedge Fund. I've never observed this be the case at all.
FYI, I was able to dodge the paywall and read the article by copying the URL into Google to get their referral, then clicking the top link.
You can't possibly get enough training data for this.
http://www.newsweek.com/artificial-intelligence-turns-20-110...
I think this.... > Mr. Dalio returned to run Bridgewater earlier this year after stepping back to a mentor role six years ago. Is what's driving almost all of his new found desire for a unified AI to run everything. Here you have a man who by any measure has been wildly successful, he tried stepping back and letting other take over but ended up finding that the team he left in charge didn't make the exact decisions h…
This is a very, very good read. Thanks for sharing.
I have heard that Amazon tried to do this with hiring with really bad results.
You can't possibly get enough training data for this.