Quantum Computing – Artificial Intelligence Is Here

JPMorgan Algorithm Knows You’re a Rogue Employee Before You Do

Wall Street traders are already threatened by computers that can do their jobs faster and cheaper. Now the humans of finance have something else to worry about: Algorithms that make sure they behave.

JPMorgan Chase & Co., which has racked up more than $36 billion in legal bills since the financial crisis, is rolling out a program to identify rogue employees before they go astray, according to Sally Dewar, head of regulatory affairs for Europe, who’s overseeing the effort. Dozens of inputs, including whether workers skip compliance classes, violate personal trading rules or breach market-risk limits, will be fed into the software.

“It’s very difficult for a business head to take what could be hundreds of data points and start to draw any themes about a particular desk or trader,” Dewar, 46, said last month in an interview. “The idea is to refine those data points to help predict patterns of behavior.”


JPMorgan’s surveillance program, which is being tested in the trading business and will spread throughout the global investment-banking and asset-management divisions by 2016, offers a glimpse into Wall Street’s future. An industry reeling from billions of dollars in fines for the actions of employees who rigged markets, cheated clients and aided criminals is turning to technology to police itself better. Failure to do so will provide ammunition for those pushing to separate trading operations from retail banks...

http://www.bloomberg.com/news/articles/2015-04-08/jpmorgan-algorithm-knows-you-re-a-rogue-employee-before-you-do

Froomkin Colangelo: Self Defence Against Robots March (2014)

Froomkin Colangelo: Self Defence Against Robots March (2014) by Cantankerous Buddha

Skynet rising: Google acquires 512-qubit quantum computer; NSA surveillance to be turned over to AI machines

(NaturalNews) Most people don't know about the existence of quantum computers. Almost no one understands how they work, but theories include bizarre-sounding explanations like, "they reach into alternate universes to derive the correct answers to highly complex computational problems."

Quantum computers are not made of simple transistors and logic gates like the CPU on your PC. They don't even function in ways that seem rational to a typical computing engineer. Almost magically, quantum computers take logarithmic problems and transform them into "flat" computations whose answers seem to appear from an alternate dimension.

For example, a mathematical problem that might have 2 to the power of n possible solutions -- where n is a large number like 1024 -- might take a traditional computer longer than the age of the universe to solve. A quantum computer, on the other hand, might solve the same problem in mere minutes because it quite literally operates across multiple dimensions simultaneously...

http://www.naturalnews.com/040859_Skynet_quantum_computing_D-Wave_Systems.html