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News Link • Robots and Artificial Intelligence

$160 billion hedge fund wants Artificial intelligence software...

• http://www.nextbigfuture.com,

Bridgewater Associates has a team of software engineers working on the project at the request of billionaire founder Ray Dalio, who wants to ensure the company can run according to his vision even when he's not there

The firm, which manages $160 billion, created the team of programmers specializing in analytics and artificial intelligence, dubbed the Systematized Intelligence Lab, in early 2015. The unit is headed up by David Ferrucci, who previously led IBM's development of Watson, the supercomputer that beat humans at Jeopardy! in 2011.

The company is already highly data-driven, with meetings recorded and staff asked to grade each other throughout the day using a ratings system called "dots". The Systematized Intelligence Lab has built a tool that incorporates these ratings into "Baseball Cards" that show employees' strengths and weaknesses. Another app, dubbed The Contract, gets staff to set goals they want to achieve and then tracks how effectively they follow through.

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GoldMoney