Hedge Funds That Use AI Just Had Their Worst Month Ever

UX, iot Chalk one up for the humans. Hedge funds that use artificial intelligence and machine learning in their trading process posted the worst month on record in February, according to a Eurekahedge index that’s tracked the industry from 2011. The first equity correction in two years upended their strategies as once-reliable cross-asset correlations shifted. While computerized programs are feared for their potential to render human traders obsolete, the AI quants lagged behind their...

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The Toolset of an Elite North Korean Hacker Group on the Rise

NORTH KOREA'S MOST prolific hacking group, broadly known within the security community under the name Lazarus, has over the last half-decade proven itself one of the world's most internationally aggressive teams of intruders. It has pulled off audacious attacks around the globe, from leaking and destroying Sony Pictures' data to siphoning of tens of millions of dollars from banks in Poland and Bangladesh. Now, security researchers have detailed the capabilities of...

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