An AI Completed 360,000 Hours of Finance Work in Just Seconds

JP Morgan is the biggest bank in the US. It is one of the largest employers in the banking sector, with more than 240,000 employees serving millions of customers. Some of those employees are lawyers and loan officers who spend a total of 360,000 hours each year tackling a slew of rather mundane tasks, such as interpreting commercial-loan agreements.

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An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source | WIRED

WALL STREET IS a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is good, that it captures “the essence of the evolutionary spirit.” A hedge fund hunts for an edge and then maniacally guards it, locking down its trading data and barring its traders from joining the company next door.

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