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1 results

  • 1 - Key Concepts: Algorithms, Artificial Intelligence, and More

  • Gregory Scopino, Georgetown University, Washington DC
  • Book:
    Algo Bots and the Law
    Published online:
    02 October 2020
    Print publication:
    15 October 2020, pp 13-47

  • Summary

    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.