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When Silicon Valley came to Wall Street
October 30, 2017

When Silicon Valley came to Wall Street

Gilead Sciences recently reached an $11.9bn agreement to acquire Kite Pharma for a 50 per cent premium to its monthly average stock price. Five days before the US takeover was announced, an artificially intelligent computer predicted it. The algorithm, developed by Dataminr, a New York-based technology group, had noticed unusual social media chatter and options … Continue reading “When Silicon Valley came to Wall Street”

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