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Published online by Cambridge University Press: 02 October 2020
If you have ever wondered about the difference between “artificial intelligence” and “machine learning,” you are in luck. The purpose of this chapter is to provide background and context on key concepts in artificial intelligence (AI) and to touch on how AI tools are used in the financial markets. In recent years, hedge funds, banks, commodity trading advisors, and numerous other financial services firms have adopted AI systems and related tools from computer science to automate numerous aspects of their operations, so understanding basic AI concepts can provide insights into how these firms operate.
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