Video: Will Artificial Intelligence Create a ‘Useless Class’ of Financial Professionals?

Are machines likely to become smarter than humans? Is Artificial Intelligence (AI) creating a “useless class” of investors and traders? It isn’t hard to miss the warnings. In the race to make computers more intelligent than us, we are bringing forth the end of days of the traditional investor. What should we do with all the superfluous brokers, bankers, and traders once we have highly intelligent algorithms that can do almost everything better than they can? Consequently, will new professions emerge and what will they look like? Will these new jobs be completely reliant on AI and will people lack the basic ability to make their own decisions? What skills will people need to reinvent themselves quickly enough to survive in the industry?

Moderator: Bartt Charles Kellermann, Founder and CEO, Global Capital Acquisition

Panelists:

• Matthew Dixon, Assistant Professor of Finance and Statistics, Illinois Institute of Technology
• Sara Castellanos, Emerging Technologies Reporter, The Wall Street Journal
• Igor Halperin, Research Professor of Financial Machine Learning, NYU Tandon School of Engineering

This session was held at the RavenPack Research Symposium held in New York on September 12, 2018 .