Artificial intelligence is the next big thing for hedge funds seeking an edge

Quartz – The glitzy skyscrapers of Hong Kong’s financial center stand in stark contrast to a dirty grey industrial building in the city’s run-down Kwun Tong district. Yet nine floors up, in an office bereft of any form of signage, a new artificially intelligent investor is taking shape.

This as-yet nameless system processes huge swathes of financial and linguistic data to create unique investment strategies. It’s the brainchild of the fledgling hedge fund Aidyia, seed-funded by Hong Kong-based venture capitalist Emanuel Breiter, which hopes to start trading US equities this year.

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