YouTube Cofounder Steve Chen Launches Hedge Fund That Uses AI To Make Investment Decisions

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YouTube Cofounder Steve Chen Launches Hedge Fund That Uses AI To Make Investment Decisions (Forbes)
YouTube cofounder Steve Chen is partnering with veteran money manager Jack Fu to launch a hedge fund that picks stocks and fixed-income assets through the use of artificial intelligence. The Draco Capital Macro Quant Fund has already raised $50 million with a goal of $200 million by the end of 2021, Chen said last week. The fund that debuted in September uses an AI algorithm to gauge which assets are ideal for both bull and bear markets, he says.
 
Well it seems to me that this can work because today's technology has really come a long way and that's good, because it can somehow facilitate the process of making a profit and make it more stable. Why not??! You can use all the opportunities that you have and you can try and experiment with it first and then make conclusions and make a final decision about whether you're going to use it or not or whether you should pick up something else or focus on some of the classic things. But it will be interesting if he can really pull it off and he can show the world some new and original format. Cool!
 
TimtheEnchanter said:
I can see an sex andoid for sex before trading/investments
More...
Not sure if any of the manufacturers are being traded publicly, but that's for sure a market to have a small bet in, given the fact that 50 years from now, those things will look way better.

Wouldn't be surprised if the Boring Company or TSLA, 20 yrs down the line, would announce their prototypes.

Futuristic, after all.

Space X's first launch to Mars full of sex droids.
,,Off we go !''

(nice marketing)
 
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