How A.I. Beat the Stock Market by Examining Court Cases
Companies that lose in court will often end up losing in the stock market, too, and a Miami-based startup called Premonition is capitalizing on that basic truth. Premonition announced Thursday that it found a way to use its trove of data detailing how often lawyers win in court to predict changes to a company’s stock. It’s not exact — the company doesn’t know exactly how the price will change — but it’s good enough to know whether to buy or sell. Toby Unwin, the company’s chief information officer, tells Inverse that Premonition isn’t quite sure how it wants to use this newfound ability. “It’s kind of like we’re the dog that caught the mail truck: We’ve got this thing that’s really cool, but we aren’t quite sure what to do…
Link to Full Article: How A.I. Beat the Stock Market by Examining Court Cases
Sharing
