ROBOTS can make more cash than people when they trade commodities, according
to Jeffrey Kephart at IBM’s research centre in Hawthorne, New York.
Kephart says his team’s findings could have a much greater impact than the
famous victory of IBM’s Deep Blue supercomputer over chess supremo Gary
Kasparov. “The impact might be measured in billions of dollars annually,” he
says.
A commodities trader buys and sells goods, which are usually agricultural or
mineral-based, like pork bellies or gold. Their aim is to buy low and sell high.
While robotic trading agents have been entered in competitions before, they had
never…
