menu

Meet The AI Who Wants To Replace Hedge Funds

Meet The AI Who Wants To Replace Hedge Funds
AI

EmmaAI is a new fund automated through advanced machine learning to help make intelligent bets on the market

Ido Lechner, Home Editor
  • 22 august 2016

As a rather large ripple in a wave of emerging tech startups entering financial markets, EmmaAI is a new fund automated through an advanced machine learning system. The machine’s creator, Shaunak Khire, draws clear distinctions between his product and those of hedge funds, noting that EmmaAI’s neural network takes into account a more complex set of variables which influence stocks. Often missed by other programs, these variables include items such as management changes or monetary policy in Europe, and are a testament to EmmaAI’s impressive capacity to digest and act on seemingly disparate tidbits of information.

“This is not algorithmic trading…This is literally replication of an analyst,” said Khire, who previously commissioned the AI to pick a handful of stocks six months ago, which have since yielded a growth of 30%. The startup is currently closing a private funding round, and we’re fairly sure EmmaAI will be putting the investments to good use.

EmmaAI

+AI
+automation
+Emma AI
+finance
+financial services
+hedge funds
+machine-learning
+Payment
+stocks
+technology

The Latest

Event

To move beyond novelty activations and one-time gimmicks, PSFK equips marketers with the insights, templates and analytics to develop high-reach campaigns that meet consumers in the moment, collect and build upon experiential data, and build scale through content creation.

October 18, 2017
Video

Christina Agapakis of Ginkgo Bioworks describes how the incredible feats of biology can be integrated into human-driven design. For more head over to psfk.com

September 27, 2017
No search results found.