zaterdag 25 november 2006

AI in trading and marketing

That artificial intelligence will become more important in our daily lives has been clear for a while now. Nevertheless I found this little fact (below) mentioned in a NYT article on Ray Kurzweil very interesting, and it would not surprise me to see these kinds of techniques to be increasingly used in other industries like marketing as well. Google’s AdSense is probably a good example.

“Studies estimate that a third of all stock trades in the United States were driven by automatic algorithms last year, contributing to an explosion in stock market activity. Between 1995 and 2005, the average daily volume of shares traded on the New York Stock Exchange increased to 1.6 billion from 346 million.”

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