by Flemming Funch
At this evening's L.A. Futurist meeting the speaker was Mike Korns. He runs a company that develops artificial intelligence applications, particularly for automatic stock market investing. What is interesting is that we're talking about programs that more or less developed themselves, according to evolutionary computing models. Borrowing approaches from genetics. Natural selection, mutations and even sexual exchange of genomes. Basically, what nature does works very well, and has been found to work very well, also when modelled by computer programs. In this case, many gigabytes of program agents have been evolved, which demonstrate remarkable results in what they do. The Deep Green automated investment system has had an average of 23% gains per year over the past 10 years, which is better than any mutual fund out there.
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