As Goldman Embraces Automation, Even the Masters of the Universe Are Threatened
As Goldman Embraces Automation, Even the Masters of the Universe Are Threatened Software that works on Wall Street is changing how business is done and who profits from it. Marty Chavez, Goldman Sachs's incoming CFO, has helped the firm become more automated. At its height back in 2000, the U.S. cash equities trading desk at Goldman Sachs’s New York headquarters employed 600 traders, buying and se
The Dark Secret at the Heart of AI
No one really knows how the most advanced algorithms do what they do. That could be a problem. Last year, a strange self-driving car was released onto the quiet roads of Monmouth County, New Jersey. The experimental vehicle, developed by researchers at the chip maker Nvidia, didn’t look different from other autonomous cars, but it was unlike anything demonstrated by Google, Tesla, or General Motor
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