Where will the next big multi billion $ internet phenomenon emerge from?

[Tefal]

I think if you made an AI that can understand the news and current events you'll have much easier money making opportunities.

But then again the AI might be **** at predicting human behaviour and fail miserably on the stock market.

 

[Hatter The Mad]

Most of the ultra-billion dollar ideas deliver both the problem and the solution at the same time.

 

[Calabi]

Program that picks up mental amounts of information available on the internet to predict stock price movements and buys/sells immediately, quicker than the capabilities of humans. So it uses AI to understand the ramifications of a news story (out of thousands it 'reads' per hour) stating that some chief executive is leaving Tescos ... and buys (or sells) within a tenth of a second of the story breaking .. then the humans come along and do their thing - the stock moves accordingly, and the PC 'cleans up' ...

That could make someone a few billion.

I thought there was already programs that did that. I dont think they use that amount of information, because they dont really need to.

 

[Bumhug]

Be interesting to see what games can do with hardware acceleration in the browser. Could a facebook game challenge world of warcraft?

Well Zynga are making a shed load of money out of facebook at the moment, and google pumped $100 million into them so they arent doing too bad. Not bad for a company that hasnt had 1 original idea

 

[silversurfer]

I thought there was already programs that did that. I dont think they use that amount of information, because they dont really need to.

Program that picks up mental amounts of information available on the internet to predict stock price movements and buys/sells immediately, quicker than the capabilities of humans. So it uses AI to understand the ramifications of a news story (out of thousands it 'reads' per hour) stating that some chief executive is leaving Tescos ... and buys (or sells) within a tenth of a second of the story breaking .. then the humans come along and do their thing - the stock moves accordingly, and the PC 'cleans up' ...

That could make someone a few billion.

Already done, its called flash trading and it uses supercomputers to buy sell and own shares for 5 seconds or less in the billions.
It forms the majority of all trading done on a stockmarket, the average share is owned for 16 seconds


Something similar is IBMs latest machine, google Watson jeopardy

 

[Calabi]

Thanks silversurfer, I knew I was right.

They've had to make some rules with it as well because they can mess up the stock market.

 

[DM]

Online servant buying, nothing worse than not being able to find a decent slave when you need one.