Goertzel's Aidiya To Launch Hedge Fund Based on AI

Apr 24 2015 | 1:39pm ET

Fintech startup Aidyia is readying a long/short equity hedge fund that will trade based on sophisticated artificial intelligence algorithms.

The Hong Kong-based firm counts Ben Goertzel, one of the world's leading experts in artificial intelligence generation (AGI), as one of its founders.

The fund’s algorithms will go beyond looking at technical trading patterns derived from price data and include news in multiple languages, fundamental data, and economic indicators to form multiple predictive models about stock price movements, according to media reports. 

Several large hedge funds utilize artificial intelligence to varying degrees as part of their trading strategies, including Bridgewater, AQR Capital and Renaissance. 

Aidyia hopes to use its algorithms to create an environment in which the AGI system learns how to interpret how data from one market may influence another, similar to a human investor.

The firm also hopes to predict stock price movements over a longer time frame measured in weeks and months, as compared to many AI funds that typically focus on much more shorter-term trading. 

Aidyia, which was founded in 2011, will domicile the hedge fund in the U.S. and hopes to start trading U.S. equities in June. 

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