Logic: Money machines
Logic Magazine: An interview with an anonymous algorithmic trader. Some interesting points on how difficult it is to prove your algorithm works, and that it doesn’t necessarily have to: in order to sell your fund, you need a narrative, and simply saying you have AI can be enough.
Also, did you know that: “JP Morgan Chase employs 50,000 technologists, two-thirds of which are software engineers. That’s more engineers than many big tech firms; Facebook, for example, employs about 30,000 people total.”