Bloomberg Businessweek

Why Machines Still Can’t Learn So Good

Finance sees a future in AI, but it isn’t easy to find an edge | “There are an infinite number of potential ways you can fail”

Anthony Ledford and his colleagues at Man AHL spent three painstaking years building a machine-learning system that can hunt by itself for fresh investing ideas in an avalanche of data. They used it to help diversify the AHL Dimension fund, which has returned an annualized 7.1 percent in three years through September, vs. a 3.2 percent gain for the average hedge fund. But Ledford, the money manager’s chief scientist, rolls his eyes when he hears people say that machine learning, a type of artificial

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek1 min read
• MBS Hosts High Finance
Saudi Arabia welcomes ministers to Riyadh on Feb. 22-23 as part of its G-20 presidency. It’s a chance for Mohammed bin Salman to repair his name, sullied by the war in Yemen, the Jamal Khashoggi murder, and a phone hacking scandal. • Glencore report
Bloomberg Businessweek3 min readSociety
The Coronavirus Task Force Is Here
Oslo-based CEPI has built a broad coalition to speed development and deployment of a vaccine
Bloomberg Businessweek6 min read
SoftBank Cash Couldn’t Save the Pizza Robots
Two years ago a truck covered with large photos of pizza pies nosed its way onto a long Bay Area driveway. It was ferrying Alex Garden, the chief executive officer of Zume Pizza Inc., to the home of SoftBank Group Corp. CEO Masayoshi Son. Zume’s pitc