In Morning Coffee: How robots are putting junior analysts on an island. Paychecks are shrinking. Beecher Tuttle looks at the expanding role of artificial intelligence and it’s influence of algorithms in the world of finance, investment banking and research.
Nav Gupta, who co-founded Arkera following stints at Citadel and Bank of America, told Bloomberg that the firm’s algorithms can process as much information as 1,000 human analysts.
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