News posts

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A startup founded by a former hedge fund manager gives traders as much performance feedback as athletes so they can make better decisions. Not everyone wants in.

Essentia Analytics, founded by a former hedge fund manager turned software company president, wants to help traders identify decisions that make money and avoid those that don’t. By analyzing under what circumstances portfolio managers have underperformed – through a combination of machine learning and human analysis – the startup seeks to nudge them toward different […]

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Pricey data, slashed fees, and poor returns are hurting hedge funds’ margins —and some are getting in the business of helping their rivals

Hedge funds’ margins are under pressure as fees decrease and expensive alternative data becomes table stakes. With the industry maturing, some of the biggest managers have expanded their businesses beyond just investment strategies, including spinning off companies that could help their rivals with data processing, back-office work, and trading. Managers like Brevan Howard and Winton […]

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A member of Google’s disastrous AI council says the company needs to be treated like a ‘world power’

Two members of Google’s now-defunct AI ethics council took the stage at the CognitionX AI conference in London on Wednesday. Academics Joanna Bryson and De Kai were asked about what happened to the council, which was abruptly dissolved earlier this year following criticism of one of its members. Bryson says Google’s enormous global influence means […]

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Trump boasted about his ‘secret’ deal with Mexico while waving a piece of paper explaining exactly how it works

Donald Trump boasted that details of his new Mexico deal were “secret,” but wafted notes around showing how it worked. Trump addressed reporters outside the White House on Tuesday, and repeatedly got out a white A4 sheet which bore details of Friday’s deal. Zoomed-in photographs taken by news agencies captured several sections of text, which […]

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Nancy Pelosi is ghosting Mark Zuckerberg after a fake video of her slurring went viral on Facebook

Nancy Pelosi is not returning Mark Zuckerberg’s calls after a fake video of her slurring went viral on Facebook, according to The Washington Post. The Post reported that the house speaker’s refusal to engage with Zuckerberg highlights her frustration with how Facebook declined to remove the video. Pelosi called for greater regulation of big tech […]