Bloomberg launches market forecasting application powered by AI

Bloomberg has announced the launch of a new price forecasting application for investment professionals powered by artificial intelligence (AI).

First Published by e-Forex News: June, 2018

Bloomberg launches market forecasting application powered by AI

Bloomberg has announced the launch of a new price forecasting application for investment professionals powered by artificial intelligence (AI). The “Alpaca Forecast AI Prediction Matrix” is an application (app) that provides short-term market price forecasts for major markets using Bloomberg’s Market Data Feed (B-PIPE).

Developed jointly with AlpacaJapan, a startup that specializes in AI solutions for financial trading, the app uses a cutting-edge deep learning engine to analyse tick data at a speed and volume beyond the ability of the human eye.