| | AUGUST 20208CIOReviewIN MY OPINIONToday from a marketing perspective, if you are using Artificial Intelligence (AI), it means you are at least one step beyond the state-of-the-art, and what you have to offer is a lot better than the competition! Whenever I think of this, I smile as I recall my college years in computer science. Back then, my favorite joke was to say that a certain professor was artificially intelligent, and I did not mean that in a positive way.Artificial Intelligence is the intelligence displayed by machines programmed to mimic our cognitive functions. It is a scientific discipline since 1956. During its first 30 years, as computer power was a limited and expensive resource, human minds were mimicked in very simplistic and symbolic fashions. With computing costs down close to zero, AI gradually moved into more complex and computationally intensive territories.Since they defeated the best players at Chess and Go, the champions of Computationally Intensive Intelligence are Neural Networks. Their achievements are overwhelming. However, because their name suggests they are made of the same stuff as our brain, they are even more fantastic and scary. If you have not already, you will soon meet someone arguing that they are the next dominant intelligence:Beware of the Planet of the Robotic Apes!"BECAUSE THEIR NAME SUGGESTS THEY ARE MADE OF THE SAME STUFF AS OUR BRAIN, NEURAL NETWORKS ARE EVEN MORE FANTASTIC AND SCARY"In 1904, the New York Times published an article about Clever Hans, an Intelligent Horse who had been going around Europe for many years. Horses are known to be extremely intelligent, but Clever Hans was different. He displayed a human intelligence. Hans knew colors, numbers, and advanced Can your Investment Manager be both fundamentally and artificially intelligent?By Patrick Dugnolle, U.S. Head of Multi-Asset and Quantitative Solutions, BNP Paribas Asset ManagementPatrick Dugnolle
< Page 7 | Page 9 >