Jump to content



Photo

Computer algorithm is appointed board director of a company

algorithm business investment

  • Please log in to reply
16 replies to this topic

#1 +Majesticmerc

Majesticmerc

    Resident Idealist

  • 6,170 posts
  • Joined: 24-August 05
  • Location: United Kingdom
  • OS: Arch Linux / Win 7
  • Phone: HTC One X

Posted 17 May 2014 - 22:00


A venture capital firm has appointed a computer algorithm to its board of directors.

 

The program - called Vital - will vote on whether to invest in a specific company or not.

 

The firm it will be working for - Deep Knowledge Ventures - focuses on drugs for age-related diseases.

 

It said that Vital would make its recommendations by sifting through large amounts of data.

 

The algorithm looks at a range of data when making decisions - including financial information, clinical trials for particular drugs, intellectual property owned by the firm and previous funding.

 

Source and more information: BBC News

 

 




#2 Mr.XXIV

Mr.XXIV

    Shine bright like Iron Man.

  • 2,616 posts
  • Joined: 30-April 11
  • Location: Durham, North Carolina
  • OS: OS X Yosemite
  • Phone: iPhone 5s

Posted 17 May 2014 - 22:09

I'm interested.



#3 Ryoken

Ryoken

    The Other Other White Meat

  • 2,479 posts
  • Joined: 10-September 09
  • Location: Nova Scotia, Canada
  • OS: Windows 7 x64, MacOS
  • Phone: iPhone 4S, Nexus 7, iPad Mini

Posted 17 May 2014 - 22:24

So.. Skynet will start by market manipulation, THEN move on to nuclear war.



#4 OP +Majesticmerc

Majesticmerc

    Resident Idealist

  • 6,170 posts
  • Joined: 24-August 05
  • Location: United Kingdom
  • OS: Arch Linux / Win 7
  • Phone: HTC One X

Posted 17 May 2014 - 22:38

So.. Skynet will start by market manipulation, THEN move on to nuclear war.

 

Business Skynet would prefer to use the term "hostile global takeover" :p



#5 D. S.

D. S.

    Hate is the new Love

  • 3,317 posts
  • Joined: 15-June 04
  • Location: Portugal
  • OS: Windows 7 Ultimate x64
  • Phone: Nokia 113

Posted 17 May 2014 - 22:43

What is this, life rehashing a Johnny Depp movie? Venture capitalists and their toys... :rolleyes:



#6 Evolution

Evolution

    Neowinian Senior

  • 4,557 posts
  • Joined: 06-April 02

Posted 17 May 2014 - 23:00

Can the company just change its code when it wants a different decision?



#7 rfirth

rfirth

    Software Engineer

  • 4,260 posts
  • Joined: 11-September 09
  • Location: Baton Rouge, Louisiana
  • OS: Windows 8
  • Phone: Nokia Lumia 620

Posted 17 May 2014 - 23:15

Can the company just change its code when it wants a different decision?

 

They don't need to. They still have a human-majority on the board. This is really just a tie-breaker vote.



#8 McKay

McKay

    Neowinian Stallion

  • 6,011 posts
  • Joined: 29-August 10
  • Location: 308 Negra Arroyo Lane
  • OS: Windows 8.1
  • Phone: LG G3

Posted 17 May 2014 - 23:24

I hope it sounds like the ships computer from the Hitchhikers guide to the Galaxy movie :D

#9 Rohdekill

Rohdekill

    Neowinian Senior

  • 3,598 posts
  • Joined: 06-July 05
  • Location: Earth

Posted 18 May 2014 - 00:09

They don't need to. They still have a human-majority on the board. This is really just a tie-breaker vote.

 

That makes no sense.  If it's just a tie breaker vote that must mean the human majority voted in a tie.  Thus, the question still remains: "can the code be altered if they don't like the initial answer".  The initial answer in this case is how the program decides the tie outcome.



#10 Hum

Hum

    totally wAcKed

  • 63,015 posts
  • Joined: 05-October 03
  • Location: Odder Space
  • OS: Windows XP, 7

Posted 18 May 2014 - 13:24

Maybe this could replace the U.S. Congress.



#11 +ChuckFinley

ChuckFinley

    member_id=28229

  • 9,779 posts
  • Joined: 14-May 03

Posted 18 May 2014 - 13:27

At least it cant claim Expenses or cant be lobbied by anyone 



#12 Anibal P

Anibal P

    Neowinian

  • 4,310 posts
  • Joined: 11-June 02
  • Location: Waterbury CT
  • OS: Win 8.1
  • Phone: Android

Posted 18 May 2014 - 13:28

Maybe this could replace the U.S. Congress.

 

A group of first graders could do better than Washington as a whole, and also better than most State governments 



#13 68k

68k

    Neowinian Senior

  • 2,161 posts
  • Joined: 20-January 10
  • Location: Australia

Posted 18 May 2014 - 13:52

Maybe this should replace the U.S. Congress.

Fixed.



#14 +DConnell

DConnell

    Madman with a blue box

  • 1,990 posts
  • Joined: 16-July 04
  • Location: Honey Brook PA
  • OS: Windows 8.1u1, Win RT 8.1u1
  • Phone: Lumia 1520 running Windows Phone 8.1

Posted 20 May 2014 - 20:51

I hope it sounds like the ships computer from the Hitchhikers guide to the Galaxy movie :D

 

Nah, it should sound like Marvin the Depressed Android. "A brain the size of a planet and you want me to decide if you should buy this company. I hope it bankrupts you!"



#15 Skin

Skin

    Neowinian

  • 1,145 posts
  • Joined: 11-April 07

Posted 20 May 2014 - 21:02

At least it cant claim Expenses or cant be lobbied by anyone 

 

You haven't ever worked in government, have you?  :laugh: