- Advertisement -
- Advertisement -

Related

Exploring Edge browser was a pleasant surprise

Powering Hedge Funds

For regulatory purposes, “artificial” is, hopefully, the easy bit. It can simply mean “not occurring in nature or not occurring in the same form in nature”. Here, the alternative given after the “or” allows for the possible future use of modified biological materials.

Defining the terms: artificial and intelligence

From a philosophical perspective, “intelligence” is a vast minefield, especially if treated as including one or more of “consciousness”, “thought”, “free will” and “mind”. Although traceable back to at least Aristotle’s time, profound arguments on these Big Four concepts still swirl around us.

State of AI in 2015

In 2014, seeking to move matters forward, Dmitry Volkov, a Russian technology billionaire, convened a summit on board a yacht of leading philosophers, including Daniel Dennett, Paul Churchland and David Chalmers.

Fortunately for would-be regulators, though, the philosophical arguments might be sidestepped, at least for a while. Let’s take a step back and ask what a regulator’s immediate interest is here?

Logically, then, it is the way that the majority of AI scientists and engineers treat “intelligence” that is of most immediate concern.

In 2014, seeking to move matters forward, Dmitry Volkov, a Russian technology billionaire, convened a summit on board a yacht of leading philosophers, including Daniel Dennett, Paul Churchland and David Chalmers.

Intelligence and the AI community

Until the mid 2000s, there was a tendency in the AI community to contrast artificial intelligence with human intelligence, an action that merely passed the buck to psychologists.

In November 2007 an AI pioneer at Stanford University, addressed this issue:

The problem is that we cannot yet characterize in general what kinds of computational procedures we want to call intelligent.

 John MCarthy

This informal definition signposts things that a regulator could manage, establishing and applying objective measures of ability (as defined) of an entity in one or more environments (as defined). The core focus on achievement of goals also elegantly covers other AI.

Another constraint is that AIXI lacks a “self-model” (but a recently proposed variant called “reflective AIXI” may change that).

Smart boats and yatches are already here. What does it take to acquire one?

First, the informal definition may not be directly usable for regulatory purposes because of AIXI’s own underlying constraints. One constraint, often emphasised by Hutter, is that AIXI can only be “approximated” in a computer because of time and space limitations.

Second, for testing and certification purposes, regulators have to be able to treat intelligence as something divisible into many sub-abilities (such as movement, communication, etc.). But this may cut across any definition based on general intelligence.

Intelligence measures an agent’s ability to achieve goals in a wide range of environments.

From a consumer perspective, this is ultimately all a question of drawing the line between a system defined as displaying actual AI, as opposed to being just another programmable box.

If we can jump all the hurdles, there will be no time for quiet satisfaction. Even without the Big Four, increasingly capable and ubiquitous AI systems will have a huge effect on society over the coming decades, not least for the future of employment.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

HedgeNordic Editorial Team
HedgeNordic Editorial Team
This article was written, or published, by the HedgeNordic editorial team.

Latest Articles

Rhenman & Partners Strengthens Board With Former PP Pension CEO

Healthcare-focused boutique Rhenman & Partners has strengthened its board of directors with the appointment of Kjell Norling, former CEO of occupational pension fund PP...

From Market Neutral to Long-Biased: Coeli Energy Opportunities at Three Years

After years of running energy-focused market-neutral strategies, portfolio managers Vidar Kalvoy and Joel Etzler pivoted to a long-biased long/short approach in early 2023 with...

January’s Volatile Path to Strong CTA Returns

In January, the NHX CTA Index generated strong performance, mainly due to profits in precious metals, despite a major market reversal at month-end. Performance...

Lynx Catches Trends Across All Asset Classes in January

January proved to be one of the strongest months in years for trend-following CTAs, a favorable backdrop that also benefited Lynx Asset Management’s trend-following...

Coda Posts Strong January Despite Violent Precious-Metals Sell-Off

Last year’s second-best performing Nordic hedge fund, Coda Global Opportunities, began 2026 with a strong 10.4 percent return in January, despite suffering a sharp...

Short Alpha Drives Brummer Multi-Strategy’s 2025 Performance

Brummer Multi-Strategy delivered a solid performance in 2025, supported by a sustained run of positive monthly returns from the beginning of the summer that...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.