Prattle Equities

2019: Use at the exchanges for understanding of statements of the Central Banks

At the end of June, 2019 at the exchanges there were robots of Prattle company who understand statements of managing directors of the central banks. In read seconds of the machine are capable to process foggy political statements and to offer the forecast on their basis. People who develop and use them, say that the artificial intelligence issues the correct forecasts more often, than wrong.

The analytical Prattle Equities system which studies therein not only analyzes the speech quicker, than people, but also are capable to avoid some errors of perception, Evan Schnidman, the founder of Prattle Analytics company in St. Louis which develops and sells these AI systems to hedge funds on Wall Street considers. Schnidman, before start of Prattle in 2014 defended the doctoral dissertation in Harvard University how communications of the central bank affect financial markets, receives $60,000 a year from three-five users for access to such analysis.

Prattle Equities system

The neural network of Prattle robots needs about 45 seconds to read a statement from 500 words and to analyze it. AI estimates all previous formulations of this speaker and defines probable influence of this performance on the market. Data analysis of the Federal Reserve System happens even quicker: clients begin to receive results less than for millisecond.

But robots are not so smart completely to invert the industry, Dirk Schumacher, the economist from the French bank Natixis SA warns. Though a system can give a quantitative assessment of that how optimistic or pessimistic the expression is, she still does not understand irony. Schumacher does not exclude that in several years there will be algorithms capable to do absolutely exact forecasts, but at this stage he urges to recheck work of AI.^[1]

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