In trading strategy, news analysis refers to the measurement of the various qualitative and quantitative attributes of textual (unstructured data) news stories. Some of these attributes are: sentiment, relevance, and novelty. Expressing news stories as numbers and metadata permits the manipulation of everyday information in a mathematical and statistical way. This data is often used in financial markets as part of a trading strategy or by businesses to judge market sentiment and make better business decisions. News analytics are usually derived through automated text analysis and applied to digital texts using elements from natural language processing and machine learning such as latent semantic analysis, support vector machines, "bag of words" among other techniques. == Applications and strategies == The application of sophisticated linguistic analysis to news and social media has grown from an area of research to mature product solutions since 2007. News analytics and news sentiment calculations are now routinely used by both buy-side and sell-side in alpha generation, trading execution, risk management, and market surveillance and compliance. There is however a good deal of variation in the quality, effectiveness and completeness of currently available solutions. A large number of companies use news analysis to help them make better business decisions. Academic researchers have become interested in news analysis especially with regards to predicting stock price movements, volatility and traded volume. Provided a set of values such as sentiment and relevance as well as the frequency of news arrivals, it is possible to construct news sentiment scores for multiple asset classes such as equities, Forex, fixed income, and commodities. Sentiment scores can be constructed at various horizons to meet the different needs and objectives of high and low frequency trading strategies, whilst characteristics such as direction and volatility of asset returns as well as the traded volume may be addressed more directly via the construction of tailor-made sentiment scores. Scores are generally constructed as a range of values. For instance, values may range between 0 and 100, where values above and below 50 convey positive and negative sentiment, respectively. === Absolute return strategies === The objective of absolute return strategies is absolute (positive) returns regardless of the direction of the financial market. To meet this objective, such strategies typically involve opportunistic long and short positions in selected instruments with zero or limited market exposure. In statistical terms, absolute return strategies should have very low correlation with the market return. Typically, hedge funds tend to employ absolute return strategies. Below, a few examples show how news analysis can be applied in the absolute return strategy space with the purpose to identify alpha opportunities applying a market neutral strategy or based on volatility trading. Example 1 Scenario: The gap between the news sentiment scores for direction, S {\displaystyle S} , of Company X {\displaystyle X} and Market Y {\displaystyle Y} has moved beyond + 20 {\displaystyle +20} . That is, S X − S Y {\displaystyle S_{X}-S_{Y}} ≥ 20 {\displaystyle 20} . Action: Buy the stock on Company X {\displaystyle X} and short the future on Market Y {\displaystyle Y} . Exit Strategy: When the gap in the news sentiment scores for direction of Company X {\displaystyle X} and Market Y {\displaystyle Y} has disappeared, S X − S Y {\displaystyle S_{X}-S_{Y}} = 0 {\displaystyle 0} , sell the stock on Company X {\displaystyle X} and go long the future on Market Y {\displaystyle Y} to close the positions. Example 2 Scenario: The news sentiment score for volatility of Company X {\displaystyle X} goes above 70 {\displaystyle 70} out of 100 {\displaystyle 100} indicating an expected volatility above the option implied volatility. Action: Buy a short-dated straddle (the purchase of both a put and a call) on the stock of Company X {\displaystyle X} . Exit Strategy: Keep the straddle on Company X {\displaystyle X} until expiry or until a certain profit target has been reached. === Relative return strategies === The objective of relative return strategies is to either replicate (passive management) or outperform (active management) a theoretical passive reference portfolio or benchmark. To meet these objectives such strategies typically involve long positions in selected instruments. In statistical terms, relative return strategies often have high correlation with the market return. Typically, mutual funds tend to employ relative return strategies. Below, a few examples show how news analysis can be applied in the relative return strategy space with the purpose to outperform the market applying a stock picking strategy and by making tactical tilts to ones asset allocation model. Example 1 Scenario: The news sentiment score for direction of Company X {\displaystyle X} goes above 70 {\displaystyle 70} out of 100 {\displaystyle 100} . Action: Buy the stock on Company X {\displaystyle X} . Exit Strategy: When the news sentiment score for direction of Company X {\displaystyle X} falls below 60 {\displaystyle 60} , sell the stock on Company X {\displaystyle X} to close the position. Example 2 Scenario: The news sentiment score for direction of Sector Z {\displaystyle Z} goes above 70 {\displaystyle 70} out of 100 {\displaystyle 100} . Action: Include Sector Z {\displaystyle Z} as a tactical bet in the asset allocation model. Exit Strategy: When the news sentiment score for direction of Sector Z {\displaystyle Z} falls below 60 {\displaystyle 60} , remove the tactical bet for Sector Z {\displaystyle Z} from the asset allocation model. === Financial risk management === The objective of financial risk management is to create economic value in a firm or to maintain a certain risk profile of an investment portfolio by using financial instruments to manage risk exposures, particularly credit risk and market risk. Other types include Foreign exchange, Shape, Volatility, Sector, Liquidity, Inflation risks, etc. Below, a few examples show how news analysis can be applied in the financial risk management space with the purpose to either arrive at better risk estimates in terms of Value at Risk (VaR) or to manage the risk of a portfolio to meet ones portfolio mandate. Example 1 Scenario: The bank operates a VaR model to manage the overall market risk of its portfolio. Action: Estimate the portfolio covariance matrix taking into account the development of the news sentiment score for volume. Implement the relevant hedges to bring the VaR of the bank in line with the desired levels. Example 2 Scenario: A portfolio manager operates his portfolio towards a certain desired risk profile. Action: Estimate the portfolio covariance matrix taking into account the development of the news sentiment score for volume. Scale the portfolio exposure according to the targeted risk profile. === Computer algorithms using news analytics === Within 0.33 seconds, computer algorithms using news analytics can notify subscribers which company the news is about, if the news article sentiment is positive or negative, if the news is ranked as high or low relative importance … relative relevance. the stock price reaction and the increase in trade volume is concentrated in the first 5 seconds after an news article is released. === Algorithmic order execution === The objective of algorithmic order execution, which is part of the concept of algorithmic trading, is to reduce trading costs by optimizing on the timing of a given order. It is widely used by hedge funds, pension funds, mutual funds, and other institutional traders to divide up large trades into several smaller trades to manage market impact, opportunity cost, and risk more effectively. The example below shows how news analysis can be applied in the algorithmic order execution space with the purpose to arrive at more efficient algorithmic trading systems. Example 1 Scenario: A large order needs to be placed in the market for the stock on Company X {\displaystyle X} . Action: Scale the daily volume distribution for Company X {\displaystyle X} applied in the algorithmic trading system, thus taking into account the news sentiment score for volume. This is followed by the creation of the desired trading distribution forcing greater market participation during the periods of the day when volume is expected to be heaviest. == Effects == Being able to express news stories as numbers permits the manipulation of everyday information in a statistical way that allows computers not only to make decisions once made only by humans, but to do so more efficiently. Since market participants are always looking for an edge, the speed of computer connections and the delivery of news analysis, measured in milliseconds, have become essential.
POP-11
POP-11 is a reflective, incrementally compiled programming language with many of the features of an interpreted language. It is the core language of the Poplog programming environment developed originally by the University of Sussex, and recently in the School of Computer Science at the University of Birmingham, which hosts the main Poplog website. POP-11 is an evolution of the language POP-2, developed in Edinburgh University, and features an open stack model (like Forth, among others). It is mainly procedural, but supports declarative language constructs, including a pattern matcher, and is mostly used for research and teaching in artificial intelligence, although it has features sufficient for many other classes of problems. It is often used to introduce symbolic programming techniques to programmers of more conventional languages like Pascal, who find POP syntax more familiar than that of Lisp. One of POP-11's features is that it supports first-class functions. POP-11 is the core language of the Poplog system. The availability of the compiler and compiler subroutines at run-time (a requirement for incremental compiling) gives it the ability to support a far wider range of extensions (including run-time extensions, such as adding new data-types) than would be possible using only a macro facility. This made it possible for (optional) incremental compilers to be added for Prolog, Common Lisp and Standard ML, which could be added as required to support either mixed language development or development in the second language without using any POP-11 constructs. This made it possible for Poplog to be used by teachers, researchers, and developers who were interested in only one of the languages. The most successful product developed in POP-11 was the Clementine data mining system, developed by ISL. After SPSS bought ISL, they renamed Clementine to SPSS Modeler and decided to port it to C++ and Java, and eventually succeeded with great effort, and perhaps some loss of the flexibility provided by the use of an AI language. POP-11 was for a time available only as part of an expensive commercial package (Poplog), but since about 1999 it has been freely available as part of the open-source software version of Poplog, including various added packages and teaching libraries. An online version of ELIZA using POP-11 is available at Birmingham. At the University of Sussex, David Young used POP-11 in combination with C and Fortran to develop a suite of teaching and interactive development tools for image processing and vision, and has made them available in the Popvision extension to Poplog. == Simple code examples == Here is an example of a simple POP-11 program: define Double(Source) -> Result; Source2 -> Result; enddefine; Double(123) => That prints out: 246 This one includes some list processing: define RemoveElementsMatching(Element, Source) -> Result; lvars Index; [[% for Index in Source do unless Index = Element or Index matches Element then Index; endunless; endfor; %]] -> Result; enddefine; RemoveElementsMatching("the", [[the cat sat on the mat]]) => ;;; outputs [[cat sat on mat]] RemoveElementsMatching("the", [[the cat] [sat on] the mat]) => ;;; outputs [[the cat] [sat on] mat] RemoveElementsMatching([[= cat]], [[the cat]] is a [[big cat]]) => ;;; outputs [[is a]] Examples using the POP-11 pattern matcher, which makes it relatively easy for students to learn to develop sophisticated list-processing programs without having to treat patterns as tree structures accessed by 'head' and 'tail' functions (CAR and CDR in Lisp), can be found in the online introductory tutorial. The matcher is at the heart of the SimAgent (sim_agent) toolkit. Some of the powerful features of the toolkit, such as linking pattern variables to inline code variables, would have been very difficult to implement without the incremental compiler facilities.
AI Virtual Assistants Reviews: What Actually Works in 2026
Curious about the best AI virtual assistant? An AI virtual assistant is software that uses machine learning to help you get more done — it combines speed, accuracy, and an interface that just works. Hands-on testing shows real-world results vary, so a short free trial is the smartest way to decide. Whether you are a beginner or a pro, the right AI virtual assistant slots into your workflow and pays for itself fast. This guide breaks down the top picks, their pros and cons, and who each one is best for.
AI Coding Assistants: Free vs Paid (2026)
In search of the best AI coding assistant? An AI coding assistant is software that uses machine learning to help you get more done — it turns a rough idea into a polished result in seconds. When choosing one, weigh output quality, pricing, export formats, and how well it fits the tools you already use. Whether you are a beginner or a pro, the right AI coding assistant slots into your workflow and pays for itself fast. Below we compare features, pricing, and real output so you can choose with confidence.
MedSLT
MedSLT is a medium-ranged open source spoken language translator developed by the University of Geneva. It is funded by the Swiss National Science Foundation. The system has been designed for the medical domain. It currently covers the doctor-patient diagnosis dialogues for the domains of headache, chest and abdominal pain in English, French, Japanese, Spanish, Catalan and Arabic. The vocabulary used ranges from 350 to 1000 words depending on the domain and language pair. == Motivation for creating MedSLT == With more than 6000 languages worldwide, language barriers become an increasing problem for healthcare. The lack of medical interpreters can lead to disastrous consequences. These range from prolonged hospital stays to wrong diagnosis and medication. A study found that only about half of the 23 million people with limited proficiency in English in the United States had been provided with a medical interpreter. Millions of refugees and immigrants worldwide face similar problems, although not always as severe. The gap between need and availability of language services might be closed with speech translation systems. == Challenges == The biggest challenge is and was to develop an ideal system, though it is not possible to do so at this moment. This system would fit the needs of doctors and the patients alike, and would provide accurate and flexible translation. A realisation of an ideal translation tool is impossible without the use of unrestricted language and a large vocabulary. Medical professionals demand high reliability from translation. This favours rule-based architectures over data-driven. The latter are more suitable for inexperienced users. Rule-based architectures achieve higher accuracy especially if used by experts. Though it is highly desirable to build a bidirectional system supporting a two-way dialogue, which concentrates on patient-centered communication, the patients will have difficult access to the system. Most patients have no experience with such systems. Less reliable results for translation from the patient-to-doctor direction are the outcome. To overcome this the system needs to provide either easy access or an integrated help tool to guide the users through the process. Although controlled rule-based systems achieve good results, they are brittle. To receive good translations the user needs to be familiar with the system and has to know what is covered by the grammar. Covering different sub-domains (headache, chest and abdominal pain) and language pairs presents additional problems. A shared structure and grammar for all subdomains and language pairs minimises development and maintenance costs. The integration of new doctor and patient languages is also a key challenge. Adding new languages should be quick and rather simple, because he system has to be used in many countries to cover multiple language pairs. Direct translation from source to target language proves to be rather difficult. Using interlingua for unidirectional translation instead of a bidirectional approach helps to simplify the translation process. On top of this, the system has to run on different platforms, because mobility is a key issue for many attending physicians. A portable version addresses these issues, but has to deal with the heavy load of the translation process. == The MedSLT system == The system's speech recognition is based on the Nuance 8.5 platform that supports grammar-based language models. All grammars used for recognition, analysis and generation are compiled from a small set of unification grammars. These core grammars are created by the open-source Regulus Grammar Compiler and are automatically specialised using corpus-driven methods. The specialisation considers both the task (recognition, analysis and generation) and the sub-domain (headache, chest and abdominal pain). The specialisation uses the explanation-based learning algorithm to create a treebank from the training corpus. These examples are divided into sets of subtrees by using domain- and grammar-specific rules (also known as "operationality criteria" in machine translation). The subtree rules are combined into a single rule, creating a specialised unification grammar. The grammar is compiled to an executable form, for analysis and generation by a parser or generator, and for recognition of a CFG grammar. A CFG grammar is required for the Nuance engine. Compilation by Nuance-specific criteria turns the grammar into speech recognition packages. The final step uses the training corpus again for statistical tuning of the language model. MedSLT translation processes are based on a rule-based interlingua. The interlingua is treated as an actual language (it is a very simple version of English) and is specified by a Regulus grammar. This grammar does not take account of complex surface syntax phenomena of real languages like movement or agreement. A set of rules is the base for translating the source language semantic representation to interlingua. Another set of rules covers the translation from interlingua to the target language. The semantic representations are converted to surface words using a target language grammar. Defining semantics for a specific domain enables the developers to specify interlingua with a small, tightly constraint semantic grammar. The translations based on interlingua match direct translations almost perfectly, because the development shifts to a decoupled monolingual architecture. A set of combined interlingua corpora, with one corpus per sub-domain, is the core of this architecture. All source language development corpora are translated to interlingua. These are sorted and grouped together with the corresponding source language examples. The interlingua forms are then translated into each target language, and the results are attached together. This organisation improves the translation process. There is no duplicated effort for multilingual regression testing, because each parsing and generation step is performed once. This allows more frequent testing. The representation language used for all forms is Almost Flat Functional semantics. AFF is derived from the Spoken Language Translator, the precursor of MEdSLT. SLT uses Quasi Logical Form, a logical based representation language. QLF is an expressive yet very complex language, causing high development and maintenance costs. A minimal solution was planned for the medical translator. Early versions of the system utilised a language using simple feature-value lists. These lists were supplemented with an optional level of nesting to represent subordinate clauses (i.e. embedded clauses). Determiners were not included, because they are hard to translate and it is difficult to reliably distinguish and recognise them. This way, translation rules became a lot simpler, because only a list of feature-value pairs had to be mapped to another list of pairs. The language turned out to be underconstrained. Adding natural sortal constraints to the grammar solved this problem, but also returned the language to a more expressive formalism. The newly created AFF combines elements of QLF and the feature-value list semantics. This version of flat semantics is enhanced with additional functional markings. This together with a relatively small vocabulary solved the ambiguity problem of the original flat representation language without creating overly complex rules. In addition, the syntactic structures are treated carefully by a compromise of linguistic and engineering traditions. The grammars are in fact retrieved from linguistically motivated resource, using corpus-based methods. They are driven by small sets of examples. This results in simpler and flatter domain-specific grammars. The semantics are less sophisticated and represent a minimal approach in the engineering tradition. Each lexical item contributes a set of feature-value pairs. This leads to simple-to-write translation rules. There are only lists of features-value pairs to map to other feature-value pairs. However, as a result the machine translation channel model becomes underspecified and is weakened, whereas the target language model is strengthened. An intelligent help module is integrated into the system to support users in utilising the full coverage of the grammars. This tool provides the user with examples as close as possible to the users original utterance. The output is based on a library. Each sub-domain and language pair has its own library. The contents are extracted from the combined interlingua corpora. The help module scans the corpus for the tagged source language form mapped with the corresponding target language form. Additionally a second statistical recogniser is used as backup. The results are used to select similar examples from the library. According to the generation preferences, one of the derived strings is picked and the target language string is realised as spoken language. Some statistical corpus based meth
Artificial psychology
Artificial psychology (AP) has had multiple meanings dating back to 19th century, with recent usage related to artificial intelligence (AI).Artificial psychology is a theoretical field related to artificial intelligence, cognitive science, and psychology, which explores how advanced AI systems may develop human-like decision-making processes. In 1999, Zhiliang Wang and Lun Xie presented a theory of artificial psychology based on artificial intelligence. They analyze human psychology using information science research methods and artificial intelligence research to probe deeper into the human mind. == Main Theory == Dan Curtis (b. 1963) proposed AP is a theoretical discipline. The theory considers the situation when an artificial intelligence approaches the level of complexity where the intelligence meets two conditions: Condition I A: Makes all of its decisions autonomously B: Is capable of making decisions based on information that is New Abstract Incomplete C: The artificial intelligence is capable of reprogramming itself based on the new data, allowing it to evolve. D: And is capable of resolving its own programming conflicts, even in the presence of incomplete data. This means that the intelligence autonomously makes value-based decisions, referring to values that the intelligence has created for itself. Condition II All four criteria are met in situations that are not part of the original operating program When both conditions are met, then, according to this theory, the possibility exists that the intelligence will reach irrational conclusions based on real or created information. At this point, the criteria are met for intervention which will not necessarily be resolved by simple re-coding of processes due to extraordinarily complex nature of the codebase itself; but rather a discussion with the intelligence in a format which more closely resembles classical (human) psychology. If the intelligence cannot be reprogrammed by directly inputting new code, but requires the intelligence to reprogram itself through a process of analysis and decision based on information provided by a human, in order for it to overcome behavior which is inconsistent with the machines purpose or ability to function normally, then artificial psychology is by definition, what is required. The level of complexity that is required before these thresholds are met is currently a subject of extensive debate. The theory of artificial psychology does not address the specifics of what those levels may be, but only that the level is sufficiently complex that the intelligence cannot simply be recoded by a software developer, and therefore dysfunctionality must be addressed through the same processes that humans must go through to address their own dysfunctionalities. Along the same lines, artificial psychology does not address the question of whether or not the intelligence is conscious. As of 2022, the level of artificial intelligence does not approach any threshold where any of the theories or principles of artificial psychology can even be tested, and therefore, artificial psychology remains a largely theoretical discipline. Even at a theoretical level, artificial psychology remains an advanced stage of artificial intelligence.
How to Choose an AI Video Editor
In search of the best AI video editor? An AI video editor is software that uses machine learning to help you get more done — it turns a rough idea into a polished result in seconds. When choosing one, weigh output quality, pricing, export formats, and how well it fits the tools you already use. Whether you are a beginner or a pro, the right AI video editor slots into your workflow and pays for itself fast. We tested the leading options and ranked them by quality, value, and ease of use.