•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Komfie Manalo, Opalesque Asia:

Victory Capital said that its parent company, Victory Capital Holdings, Inc., has acquired a minority stake in Cerebellum Capital, a hedge fund management firm that specializes in machine learning, a form of artificial intelligence that allows computers to learn without being explicitly programmed.

Founded in 2008, San Francisco-based Cerebellum leverages machine learning techniques to continuously design, execute and improve investment programs. The platform is based on a collective 30 years of research by well-known intelligent technology experts, including co-founders Dr. David Andre and Dr. Astro Teller. Dr. Andre currently serves as Chief Executive Officer of Cerebellum and is a member of the company’s Board of Directors. Dr. Teller, who is currently Chief Executive Officer of Google X, served as Cerebellum’s Chief Executive Officer from 2008 to 2010. He continues to be an active Director on Cerebellum’s Board.

"We believe artificial intelligence represents a tremendous opportunity to augment and evolve active investment management," said David Brown, Chairman and Chief Executive Officer of Victory in a statement. "We are excited to take part in this evolution of learning and look forward to leveraging Cerebellum’s platform to create and deliver innovative investment solutions for our clients."......................

To view our full article Click here