Artificial intelligence in the Financial world

Artificial intelligence could change the world of the financial industry. Some economists fear that artificial intelligence systems are already being programmed to make decisions about financial markets based on algorithms that predict the future. A paper by economists at Cambridge University and the University of Chicago found that financial algorithms are more likely to behave in ways that are self-defeating if they do not reflect what they actually know. These results have a chilling effect on the market as it encourages companies to make decisions that are more likely to go wrong.