AI has a new job. Artificial Intelligence (AI) has become a common part of most people’s lives thanks to Cortina, Siri, Alexa, and others. AI has also now succeeded at chess, Go, and Jeopardy. Security and financial regulators are now using AI to spot market manipulators, people who attempt to profit by manipulating stock prices through lies, improper trades, and collusions. Typically, the regulators’ jobs have been difficult because it could take years to collect the evidence involved in a single event. With 50 billion market events per day, it’s no surprise that illegal activities can happen unnoticed. Now, AI has the potential to track all of those activities, look for connections and trends, and do so in real time. Regulators may finally have a tool that works at the speed of the high-frequency traders, and faster than normal traders. The AI patrols are being rolled out and tested in 2016 and 2017. No estimate on when they might find the first evidence, and when the discovery would be acted upon.
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