The thing that is driving technological development forward, in ways that are going to be increasingly hard for us to imagine, is the rise of artificially intelligent systems.
There are already systems in some fields that are so good at their specialised tasks, that the researchers are playing catch up with the output of the systems.
This article published today, is of a type we will be seeing increasingly frequently, in an ever widening range of endeavour: For those in analytical knowledge-based professions - such as lawyers, lab technicians, and data analysts, beware. Even most architects may soon be out of a job, with the brunt of the work being produced by automated systems, with perhaps guidance from a creative mind.
Musicians, poets and authors - for the moment, you might be able to relax.
ScienceDaily (Aug. 5, 2011) — Robot trading agents, which already dominate the foreign exchange markets, have now been definitively shown to beat human traders at the same game.
The new results were obtained after a re-run of the well-known
IBM experiment (2001) where human traders competed against
state-of-the-art computerised trading agents -- and lost.
There are already systems in some fields that are so good at their specialised tasks, that the researchers are playing catch up with the output of the systems.
This article published today, is of a type we will be seeing increasingly frequently, in an ever widening range of endeavour: For those in analytical knowledge-based professions - such as lawyers, lab technicians, and data analysts, beware. Even most architects may soon be out of a job, with the brunt of the work being produced by automated systems, with perhaps guidance from a creative mind.
Musicians, poets and authors - for the moment, you might be able to relax.
ScienceDaily (Aug. 5, 2011) — Robot trading agents, which already dominate the foreign exchange markets, have now been definitively shown to beat human traders at the same game.
The new results were obtained after a re-run of the well-known
IBM experiment (2001) where human traders competed against
state-of-the-art computerised trading agents -- and lost.
Results presented at a conference July 22 showed beyond doubt that computerized trading agents, using the Adaptive Aggressiveness (AA) strategy developed at the University of Southampton in 2008, can beat both human traders and robot traders using any other strategy.
Ten years on, experiments carried out by Marco De Lucas and Professor Dave Cliff of the University of Bristol have shown that AA is now the leading strategy, able to beat both robot traders and humans.
The academics presented their findings at the International Joint Conference on Artificial Intelligence (IJCAI 2011), held in Barcelona.
Dr Krishnan Vytelingum, who designed the AA strategy along with Professor Dave Cliff and Professor Nick Jennings at the University of Southampton in 2008, commented: "Robot traders can analyse far larger datasets than human traders. They crunch the data faster and more efficiently and act on it faster. Robot trading is becoming more and more prominent in financial markets and currently dominates the foreign exchange market with 70 per cent of trade going through robot traders."
I am thankful that I am able to play the flute well then!
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