Silicon Valley hedge fund takes on Wall Street with AI trader
Mon, Feb 13, 2017 - 5:50 AM
Mr Hodjat, with 21 patents to his name, is co-founder and top scientist of Sentient Technologies Inc, a start-up that has spent nearly a decade training an AI system that can scour billions of pieces of data, spot trends, adapt as it learns and make money trading stocks.
BABAK Hodjat believes humans are too emotional for the stock market. So he's started one of the first hedge funds run completely by artificial intelligence (AI).
"Humans have bias and sensitivities, conscious and unconscious," says Mr Hodjat, a computer scientist who...