Ray Dalio: My view about artificial intelligence

Credit: Finance Jane

Ray Dalio founded the largest hedge fund firm in the world called Bridgewater Associates which was established in June of 1975, the hedge fund manages $160 billion.

Bridgewater is one of the early pioneers of big data, machine learning, and algorithmic programing techniques, which it uses to create economic machines.

The artificial intelligence in the workplace is in the form of a strategic Hedge Fund system called “Pure Alpha.”

Their existing AI system uses economic data, while the new system will use science principles relating to management which would then pick up internal data, such as personality tests, internal ratings from co-workers, and information from a pre-existing application.

In this video, Dalio talks about his view on artificial intelligence and the influence of AI on Wall Street and the economy.