Replacing analysts with trading robots

Discussion in 'Trading' started by OddTrader, Dec 8, 2014.

  1. Goldman Sachs to invest in replacement analysts trading robots Kensho

    http://like-profit.com/goldman-sachs-invest-replacement-analysts-trading-robots-kensho/

    " Goldman Sachs invested $ 15 million in Kensho, information portal, offering to replace the stock market analysts – special programs and algorithms.

    Google Ventures, Accel Partners and CNBC, and investors are Kensho, reported Financial Times.

    Kensho is developing programs for statistical calculations, in order to create the next generation analytics platform for professional investors.

    Touching on the most important issues related to investment analysis on Wall Street today – to achieve the desired speed, scale, and automate workflows that were previously performed by people – “smart” computer systems capable Kensho in real time to solve complex financial matters set forth in accessible language.

    These developments are of concern to financial analysts who can just stay out of work, since the machine will be able to work faster and more productively. "
     
    mymajia likes this.