Schmid said he's not concerned about regulators clamping down on the technology as other companies are already doing similar things. Indeed, EquiLibre Technologies will be competing with the likes of AI algorithmic stock picking products Candlestick and Yuyostox.
In the long run, EquiLibre Technologies hopes to either use the AI it develops to underpin a new hedge fund or sell it to a large institutional bank or another investor. One is the head of DeepMind's Edmonton office, Michael Bowling, and the other is Richard Sutton, who co-authored