Is stock trading doomed?
© November 2015 Anthony Lawrence
Brace yourself: We may be headed towards a world dominated by a handful of tech corporations vying with each other to develop the best AI prediction algorithm.
Brace yourself: We may be headed towards a world dominated by a handful of tech corporations vying with each other to develop the best AI prediction algorithm.
That's from "Microsoft Bing Predicts and the future of gambling" at ExtremeTech. That article discusses how Microsoft Bing correctly picked winners for week one of the NFL season. That's groundbreaking, but the stuff about computer trading has been going on for some time now. People are still arguing as to whether it has caused market crashes, but there's no doubt that the best software with the quickest Internet connections has great advantages over anyone else.
A lone wolf day trader probably isn't going to do well against that. Without access to a firehose of data and the software to analyze it, he or she won't be able to compete at the same level.
I'm not sure what that means for the rest of us.
Microsoft Bing Predicts and the future of gambling
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