advertisement
advertisement
advertisement
  • 05.03.16

Hedge-fund billionaire Steve Cohen hopes A.I. can turn around his horrible year

The legendary investor, whose battle with the feds over allegations of insider trading inspired the Showtime series, The Billions, is going through a rare losing streak. Cohen’s $11 billion family office fund, Point72, which usually sees double-digit returns, was down 8% in February. So he voyaged to Silicon Valley last week to meet with some artificial intelligence startups to discuss how to use the technology to make more successful investing decisions. “You will see tasks being automated with humans at the top,” he told the New York Post. “It will be a combination effort.”MB