Thomas Peterffy Quotes

The financial world is at the cutting edge of high technology.

You need to have a lot of human judgment involved in the financial industry in terms of risk management, in terms of investment decisions, and things that really allow us to blend the best of technology and the human brain.

I believe that good investors are successful not because of their IQ, but because they have an investing discipline. But, what is more disciplined than a machine? A well-researched machine can make many average investors redundant, leaving behind only the really good human investors with exceptional intuition and skill.

As the financial experts all over the world use machines to unwind Gordian knots of financial arrangements so complex that only machines can make - 'derive' - and trade them, we have to wonder: Are we living in a bad sci-fi movie? Is the Matrix made of credit default swaps?

I am in a traditional financial services business - but we at Fidelity can see that the evolution of technology is setting our industry up for disruption. What if this technology could do for the transfer of value what the Internet did for the transfer of information?

I believe that rather than it being a case of humans versus machines, the future of financial advice more likely lies somewhere in between, where human advisors leverage artificial intelligence and automation to become smarter and more efficient at doing their jobs.

When you go to Japan, there is such a talent shortage that the debate about AI taking jobs is almost non-existent. The debate is, how can we automate this so we can get all the work done?

There are no patents in finance.

The thing that really excites me today is building a new AI-powered society.

You could say I was too lazy to calculate, so I invented the computer.

It's not about putting a speaker in a chair or putting a TV in a bed. That's not how technology and the home intersect. For me, it's about sensors, about the home knowing where you are.

I honestly go back and forth in my head about using advanced and innovative technologies for creating my characters. There's something more 'real' and charming when the characters aren't perfect. It's the difference between anything that's built by a computer and machine versus the same thing being made by hand.

In some ways, technology keeps on enhancing us, and we embrace it.

Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!

I'm super excited about health care; I'm super excited about education - major industries where AI can play a big role.

I believe AI and its benefits have no borders. Whether a breakthrough occurs in Silicon Valley, Beijing, or anywhere else, it has the potential to make everyone's life better for the entire world.

All these things that we've contemplated, whether it's space travel or solutions to diseases that plague us, Ebola virus, all of these things would be a lot more tractable if the machines are trying to solve these problems.

Machines can do things cheaper and better. We're very used to that in banking, for example. ATM machines are better than tellers if you want a simple transaction. They're faster, they're less trouble, they're more reliable, so they put tellers out of work.

I believe in the potential of all things possibly imagined that can be made into a reality. My uncle was a Swedish scientist, and in the 1970s, he would speak of computers controlling most things in the future and self-driving cars and wireless communication. All the things that we are living with now.

Accelerating technology innovations such as ubiquitous sensors, cheap computing power, and 5G networks will open entirely new opportunities and challenges.

Humans have 3 percent human error, and a lot of companies can't afford to be wrong 3 percent of the time anymore, so we close that 3 percent gap with some of the technologies. The AI we've developed doesn't make mistakes.

People keep inventing all these new machines, and producers and recording engineers keep wanting to use them.

I used to watch 'The Jetsons' growing up. I used to think that this woman, Rosie, the robot housekeeper, was going to exist. I think we're far away from that happening.

It is difficult to predict technology more than 10 years out with any certitude, but what I observe is that change and innovation happens earlier and faster than we expect. We are constantly surprised at what technology can do.

Once upon a time, if you were going to get a loan from me, I would have had to look at your file, and I would have to make a decision about whether youre going to get a loan. Maybe we would meet and talk about it. There would be some level of human involvement and human interaction. Now, a lot of this is determined by an algorithm.