{"id":31043,"date":"2023-05-11T14:38:42","date_gmt":"2023-05-11T18:38:42","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/stories\/humans-in-the-loop-ai-machine-learning-in-the-bloomberg-terminal\/"},"modified":"2024-10-04T14:35:46","modified_gmt":"2024-10-04T18:35:46","slug":"humans-in-the-loop-ai-machine-learning-in-the-bloomberg-terminal","status":"publish","type":"post","link":"https:\/\/www.bloomberg.com\/company\/stories\/humans-in-the-loop-ai-machine-learning-in-the-bloomberg-terminal\/","title":{"rendered":"Humans in the Loop: AI & Machine Learning in the Bloomberg Terminal"},"content":{"rendered":"
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Bloomberg processes over 200 million pieces of financial information every day. That\u2019s a lot of data, and to make it useful, AI and machine learning (ML) are playing an increasingly central role in the Terminal\u2019s ongoing evolution.<\/p>\n

Machine learning is about scouring data at speed and scale that is far beyond what human analysts can do. Then, the patterns or anomalies that are discovered can be used to derive powerful insights and guide the automation of all kinds of arduous or tedious tasks that humans used to have to perform manually.<\/p>\n

While AI continues to fall short of human intelligence in many applications, there are areas where it vastly outshines the performance of human agents. Machines can identify trends and patterns hidden across millions of documents, and this ability improves over time. Machines also behave consistently, in an unbiased fashion, without committing the kinds of mistakes that humans inevitably make.<\/p>\n

\u201cHumans are good at doing things deliberately, but when we make a decision, we start from whole cloth,\u201d says Gideon Mann, Head of ML Product & Research in Bloomberg\u2019s CTO Office. \u201cMachines execute the same way every time, so even if they make a mistake, they do so with the same error characteristic.\u201d<\/p>\n

The Bloomberg Terminal currently employs AI and ML techniques in several exciting ways, and we can expect this practice to expand rapidly in the coming years. The story begins some 15 years ago\u2026<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

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