Pit.ai is a California based technology company providing an artificial intelligent platform for investment management. The company uses advanced machine learning algorithms to understand the market movement, provide predictive analysis, and analyze risk factors.
Profitability on the market depends on portfolio managers using the available data to generate alpha in a diversified portfolio to eliminate unsystematic risks. The alphas are only known to a small subset of market participants and turn into ‘smart beta’ when it is known to a majority of the market participants. Pit.ai’s platform uses artificial intelligence and machine learning agents to simplify the process for early detection. As the market moves towards digital automation, portfolio managers require a higher number of alphas to be competitive and profitable. Pit.ai platform offers detection, management, and risk assessment of these alphas.
Pit.ai’s machine learning architecture uses three modules for investment management. The Eye, a machine learning platform to find alphas, The Brain analyzes the viability of alphas, and The Risk Manager asses the risk factors of multiple alphas and when they will stop performing.
Pit.ai also releases some of its research to further machine learning development in investment management.
Yves-Laurent Kom Samo founded the company in 2016 and is headquartered in San Jose, California. Yves-Laurent is a Ph.D. graduate in machine learning from the University of Oxford and worked as Quant trader in Goldman Sachs and J.P. Morgan before starting Pit.ai, Pit.ai is a company that participated in the YC W17 cohort of Y Combinator and is backed by Entrepreneur First.
Yves-Laurent Kom Samo
Pit.ai puts a financial twist on reinforcement learning to outperform hedge funds
March 21, 2017
The Case For Finance-First Machine Learning Research
Yves-Laurent Kom Samo
July 10, 2018
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