Chapter 3 of Artificial Intelligence in Finance opens with the quote about AlphaGo beating a human Go player. That event was a big deal back in 2016. People thought it would take at least another decade. It didn’t. And that sets the tone for this chapter. AI moves faster than experts predict.
Chapter 2 of Artificial Intelligence in Finance is technically labeled a “Preface,” but it does a lot more than set the stage. Hilpisch opens with a quote from Robert Shiller asking whether financial markets will ever become truly perfect, with every asset priced correctly. It is a big question. And honestly, the way the chapter frames AI in finance around that question is what makes it interesting.