Financial markets face disruption from artificial intelligence

“As taxi drivers feel disenfranchised by Uber, fund managers and investors will feel disenfranchised by other fund managers who have access to AI.” Market making and price setting in financial markets face disruption within a decade as artificial intelligence turns investors away and computers start to trade against each other. The stark warning was made on Monday by Sam Sicilia, the highly respected chief investment officer of Hostplus, the industry superannuation fund that caters to employees in the hospitality industry. Mr Sicilia predicted that in less than 10 years’ time, smart phones would be faster than the fastest computers today, flagging the extraordinary power that next generation computers will possess. As a result of such rapid technological development, investors who tend to use intuition to help guide their decision-making will find that intelligent computers will be able to develop…

Link to Full Article: Financial markets face disruption from artificial intelligence

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