Can Artificial Intelligence Prevent the Next Financial Crash?

The subprime financial crisis revealed that our data is only as good as our ability to analyze and understand it. AI will be necessary to helping prevent the next crisis before it happens. In his new film “The Big Short,” based on the book by Michael Lewis, Adam McKay attempts the difficult task of explaining exactly how the credit and subprime housing bubble led to the 2008 worldwide economic crash. One of McKay’s main points in outlining how Michael Burry, and a handful of other Wall Street outsiders, were able to predict the impending crisis is that they simply investigated the underlying data. As Ryan Gosling’s character narrates in the film: “A few did what the rest never thought to do… they looked.” Unfortunately they were unable to inform (or…

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