Europe EQD: Prof. Michael Kearns Talks Stale Data, Overfitting And No-Regret Learning

In the first fireside chat at the third annual Europe EQD volatility and alternative risk premia conference in Barcelona on Monday, January 28, Morgan Stanley’s Chiente Hsu sat down with Michael Kearns, one of the world’s foremost machine learning experts. Kearns’ career in artificial intelligence and machine learning stretches back to the early 90s at AT&T’s Bell Labs, before moving into academia at the University of Pennsylvania. He was exposed to machine learning and its financial applications by friends at Lehman Brothers’ quant desk, before consulting for equity prop trading shops experimenting with what is now seen as the precursors to high frequency trading. It was there where he learnt more about financial trading strategies. He now chairs Morgan Stanley’s AI Center of Excellence.