This Hedge Fund Is Seeking an Artificial Intelligence Edge
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JPMorgan Chase & Co.’s hedge fund business Highbridge Capital Management is working with a San Francisco-based technology firm to develop investing strategies using artificial intelligence.
Highbridge, which oversees $24 billion, and Sentient Technologies have had talks “regarding the application of our tech to finance and trading,” said Antoine Blondeau, Sentient’s chief executive officer, declining to comment further on the arrangement. The companies are collaborating to design data-analysis software that can spot patterns in financial markets, according to a person familiar with the matter, who asked not to be identified because it’s private.