AI 'Eve' Powers Ex-Trader's New Hedge Fund

A former Coatue trader has launched a new hedge fund driven by an advanced artificial intelligence system named Eve. This AI is reportedly the hardest-working employee within the fund, suggesting a significant reliance on its capabilities for trading strategies and operations. The development signifies a growing trend of AI integration in the financial sector, particularly within quantitative trading and hedge fund management, aiming to achieve superior performance through automated analysis and decision-making.