Babak Hodjat is managing a hedge fund in San Francisco run completely by artificial intelligence (AI); his firm Sentient Technologies Inc. has been building an AI system for analyzing markets and automating trading for over a decade; performance for the firm is not publicly disclosed; numerous firm's in the wealth management industry are using some form of unbiased automated trading however Sentient is one of few firms that completely uses AI technology for comprehensively managing assets. Source
Sentient Technologies has been developing an AI powered hedge fund for over a decade; Co-Founder Babak Hodjat has played a significant part in developing the company's AI powered system; Hodjat has 21 patents and his experience also includes development support for Apple's virtual assistant Siri; while many firms in the hedge fund space have been utilizing AI, Sentient is one of the only firms to build their entire business around it; the firm's AI system can analyze billions of data points, spot trends and adapt as it learns; in addition to developing investment decisions the AI system also facilitates trades which helps investment opportunities to be identified and acted upon faster; according to Hodjat, the vast amounts of publicly available data in the financial industry make AI ideal for investment management; the Sentient portfolio is highly diversified with a wide range of US stocks and trades hundreds of times per day; while the firm is becoming more well known for its AI focus it has yet to publicly disclose its performance; the company has received approximately $143 million and is owned by Li Ka-shing, and the Tata Group. Source