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Briefing
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- Hiring and Firing Algorithm – World's largest hedge fund, Bridgewater Associates, is developing artificial intelligence that can make hiring and firing decisions to avoid emotions getting in the way
- Automated Decision-Making – Creating new business model where most employees are programmers with computers making important decisions
- Methodology – Staff ranks each other using electronic system with scores used to create cards showing workers’ strengths and weaknesses
- Future Plans – Envisions machines to make three-quarters of decisions, including recruiting staff and resolving disagreements, in next five years
- Industry Job Losses – Algorithms replacing traders which could mean job losses for finance industry, with Bank of England predicting 15 million UK jobs could be replaced by robots in coming years
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Accelerator
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Business Model and Practices
Business Model
and Practices
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Sector
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Financial Services
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Organization
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Bridgewater Associates LP
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Source
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Original Publication Date
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January 2, 2017
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