The first ever fund managed by a robot is here. So far it’s beating the market

As if professional mutual fund managers didn’t have it hard enough.

Not only do they have to contend with the growing popularity of low-cost index funds, which simply buy and hold the entire market, but now here comes another threat: robot stock pickers.

That’s right.

The San Francisco firm EquBot has launched the first retail ETF to be managed using IBM’s Watson supercomputing artificial intelligence technology.

The use of computers to buy stocks isn’t new. So-called “quant funds” (short for quantitative analysis) have been around for years, relying on computer algorithms to identify short-term trading patterns and opportunities in the market.

Continue reading… “The first ever fund managed by a robot is here. So far it’s beating the market”

0

IBM’s Watson is finally getting closer to becoming your doctor

12935316785_3c84677c83_z

IBM’s Watson can beat Ken Jennings at Jeopardy, tell you about your city, and dream up recipes for delectable delicacies. Watson is now doing something even more important than all previous capabilities combined — it’s finally getting closer to becoming your doctor.

Continue reading… “IBM’s Watson is finally getting closer to becoming your doctor”

0

The evolution of IBM’s Watson supercomputer and where it’s taking healthcare

watson

IBM’s Watson is a cognitive computing system originally designed to vanquish human competitors on Jeopardy in 2011. Watson has been winding its way into more and more healthcare and health-related use cases. But like most novel technologies, a number of people still don’t understand exactly what Watson is or does — or what IBM’s roadmap for the technology is.

 

Continue reading… “The evolution of IBM’s Watson supercomputer and where it’s taking healthcare”

0

Top 5 ways Watson will change the way we compute

Watson future

Watson will transform entire industries.

IBM’s artificial intelligence computing platform, Watson, is changing the way we compute. From its roots as a robotic contestant on Jeopardy, the machine-learning marvel is now being positioned as a tool for doctors, businesspeople, and scientists worldwide–one that can answer any question posed to it in natural English.

 

 

Continue reading… “Top 5 ways Watson will change the way we compute”

0

IBM plans to invest $1B to create new business unit for its Watson super computer

Watson rose to prominence when the super computer ‘won’ US quiz show Jeopardy.

IBM is planning to invest more than $1 billion into Watson, its super computing platform. The company announced that the investment program will see a new business unit created for the technology, alongside a $100 million VC fund that will be used to encourage developers to create apps on the platform.

 

 

Continue reading… “IBM plans to invest $1B to create new business unit for its Watson super computer”

0

WatsonPaths: New project let IBM’s Watson work with doctors

[youtube]http://www.youtube.com/watch?v=07XPEqkHJ6U[/youtube]

On the TV quiz show, Jeopardy!, IBM’s Watson defeated two grand-champions.  Watson is the world’s smartest computer and it was matched up against two really smart humans. The quiz-show win captured peoples’ attention, but, these days, as we identify uses for Watson throughout society, it’s becoming clear that these technologies will be used primarily to augment human intelligence, not compete with people or replace us.

 

 

Continue reading… “WatsonPaths: New project let IBM’s Watson work with doctors”

0