Technology

Management at the world’s largest hedge fund is to be automated and replaced with artificial intelligence. A computer software algorithm will decide the day-to-day management at Bridgewater Associates LP, the world’s largest hedge-fund firm. The global labour force is being replaced and managed by artificial intelligence and robotic automation. Various estimates suggest the American employment mill could shrink by 30% by the year 2025. The United Nations’ assessment is even grimmer. They project two-thirds of the human workforce will be replaced in the next decade.

It was some time back in 2009 when we first predicted that in a world in which central banks have taken away the "fun" from fundamental analysis (having effectively nationalized capital "markets"), that in the not too distant future quants - or "traders" whose only value added is to react rapidly after the news and/or be the fastest to chase any given momentum wave - would be paid far better than plain-vanilla fundamental analysts - those who use conventional financial analysis to make price forecasts, and whose work has traditionally highly prized by hedge funds yet are o

Still too rich?

Source: Branco

Submitted by Alice Salles via TheAntiMedia.org,

The end of the year is approaching, and data concerning government abuses of power has begun pouring in.

According to Facebook’s Global Government Requests Report, government’s requests for Facebook account data rose 27 percent in the first half of 2016.

A controversial new bill has been approved by Israeli ministers that will allow courts to order sites such as Facebook and YouTube to remove any material deemed “incitement” They say that such material contribute to Palestinian attacks on Israelis. The Social Media bill, also known as the “Facebook bill,” passed a Ministerial Committee for Legislation vote on Sunday (25 December) and will now be taken up by the country’s parliament. Al Manar News reports: Government watchdogs have expressed concern such a law could be abused and harm free speech.