Japanese bank Nomura has taken a 22 percent stake in AI startup Aim2 to apply the technology to financial markets; the bank will use AI to price trades and markets in their wholesale business, initially focusing on fixed income, currencies and commodities division, or FICC; the move is a troubling sign for traders who have seen jobs become more limited in recent years due to advancements in technology; FICC has come under significant pressure in recent years with revenues falling across the world, including 15 percent in the U.S. since 2013. Source.
