Topic: AI in your product (Read 823 times)

Okay, thanks for help! Honestly, I am thinking of experimenting with an AI in my new project, but firstly I decided to make it work without an AI. Then maybe I will implement AI as an extra, but it should work without an AI too.

I'm also not sure if artificial intelligence has a place on financial sector. I think it has more negative impact on that industry if ever any AI has been implemented. There are a lot of gray areas in the financial world, that can improved the productivity of banks. Well, AI can help banks improve operational efficiency but they still needed humans to make strategic decisions that an AI can't make specially in delivering profitable growths for bank. So there's a big challenge is to rethink their operational model to take advantage of AI's capabilities.

AFAIK the finance sector focuses more on insider trading & news releases to control price/profit than developing AI solutions.

AI can only make decisions based on compiled data. The biggest influences on market prices are often intangible things that can't be measured like news articles. Example, who could have predicted russia, japan and australia would accept bitcoin as a legitimate currency which would cause bitcoin's price to skyrocket? An AI couldn't predict those events in advance. That falls under news releases, insider trading, etc. That's the reason most in the finance sector tend to focus on those things rather than AI.

The SEC declining the bitcoin ETF, bitcoin unlimiteds fork & similar news items which had an effect on bitcoin price could not have been predicted by an AI. The same precedent could apply to the stock/commodities market and trading in general. Its likely much better to have good inside sources of information, rather than an AI. And it could be fair to say, that's what most put their effort and money into.

Some trading platforms could have some form of AI built into them. But for the most part, I think those are marketed towards the average trader who doesn't have access to HFT or darkpools, etc. Clueless as to whether those are successful or effective. Have no experience there.

I studied about that, yeah. At the moment, I am more interested in the so-mentioned "intelligent features" over creating a new HW. If Photoshop's intelligent fill was mentioned, do you know any similar technology in the financial technologies field?

AI is the one that takes all of us a level towards growth. AI needs to be implemented into limited sectors, because when it's been implemented to Industrial sources the common people will​ suffer much. The reason is due to the technical thinking of AI devices which decreases the human requirement though it's been developed by human.

There are forms of AI called neural nets built into automotive electrical systems of newer cars and trucks.

Also built into things like facial recognition, OCR's & a lot of other systems I can't remember right now.

There's a lot of AI everywhere. I guess the determining factor is whether we're discussing so called hard AI or soft AI.

Artificial Intelligence these days are quite expensive couple with the fact that most of them are still in trial versions aside from the ones you see in sci-fi movies around. The cost implication will even makes it impossible for small businesses to give it a try except large corporations. So, as it is, I have not used it neither have I seen a business take the bull by the horn by implementing.

AFAIK most gains in the field of artificial intelligence are a result of moore's law roughly doubling the number of transistors on a set area every 12 months or so as litographic silicon etching processes improve.

That is to say, most AI gains are hardware based rather than software based.

I'm not certain if the photoshop "intelligent fill" (is that what its called?) feature, where it intelligently fills an area based on what surrounding areas look like, is AI based but yeah if it is its pretty awesome.

Have you ever used any of the AI solutions in your product?

What was the purpose you used the AI for, what AI did you use and how did it work?

I have not seen many AI products around, but recently great progress was made in this science-field.