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neohippie

(1,142 posts)
Mon Feb 27, 2017, 10:55 AM Feb 2017

Exposed how exactly social media is being used to influence elections

Robert Mercer: the big data billionaire waging war on mainstream media,

This is how they influence elections and even financial markets which has proven very successful



https://www.theguardian.com/politics/2017/feb/26/robert-mercer-breitbart-war-on-media-steve-bannon-donald-trump-nigel-farage



In the course of the US election, Cambridge Analytica amassed a database, as it claims on its website, of almost the entire US voting population – 220 million people – and the Washington Post reported last week that SCL was increasing staffing at its Washington office and competing for lucrative new contracts with Trump’s administration. “It seems significant that a company involved in engineering a political outcome profits from what follows. Particularly if it’s the manipulation, and then resolution, of fear,” says Briant.

It’s the database, and what may happen to it, that particularly exercises Paul-Olivier Dehaye, a Swiss mathematician and data activist who has been investigating Cambridge Analytica and SCL for more than a year. “How is it going to be used?” he says. “Is it going to be used to try and manipulate people around domestic policies? Or to ferment conflict between different communities? It is potentially very scary. People just don’t understand the power of this data and how it can be used against them.”

There are two things, potentially, going on simultaneously: the manipulation of information on a mass level, and the manipulation of information at a very individual level. Both based on the latest understandings in science about how people work, and enabled by technological platforms built to bring us together.

Are we living in a new era of propaganda, I ask Emma Briant? One we can’t see, and that is working on us in ways we can’t understand? Where we can only react, emotionally, to its messages? “Definitely. The way that surveillance through technology is so pervasive, the collection and use of our data is so much more sophisticated. It’s totally covert. And people don’t realise what is going on.”





Also

https://www.theguardian.com/politics/2017/feb/26/us-billionaire-mercer-helped-back-brexit



Cambridge Analytica, an offshoot of a British company, SCL Group, which has 25 years’ experience in military disinformation campaigns and “election management”, claims to use cutting-edge technology to build intimate psychometric profiles of voters to find and target their emotional triggers. Trump’s team paid the firm more than $6m (£4.8m) to target swing voters, and it has now emerged that Mercer also introduced the firm – in which he has a major stake – to Farage.

The communications director of Leave.eu, Andy Wigmore, told the Observer that the longstanding friendship between Nigel Farage and the Mercer family led Mercer to offer his help – free – to the Brexit campaign because of their shared goals. Wigmore said that he introduced Farage and Leave.eu to Cambridge Analytica: “They were happy to help. Because Nigel is a good friend of the Mercers. And Mercer introduced them to us. He said, ‘Here’s this company we think may be useful to you’. What they were trying to do in the US and what we were trying to do had massive parallels. We shared a lot of information.”

The strategy involved harvesting data from people’s Facebook and other social media profiles and then using machine learning to “spread” through their networks. Wigmore admitted the technology and the level of information it gathered from people was “creepy”. He said the campaign used this information, combined with artificial intelligence, to decide who to target with highly individualised advertisements and had built a database of more than a million people, based on advice Cambridge Analytica supplied. Two weeks ago Arron Banks, Leave.eu’s founder, stated in a series of tweets that Gerry Gunster (Leave.eu’s pollster) and Cambridge Analytica with “world class” AI had helped them gain “unprecedented levels of engagement”. “AI won it for Leave,” he said.

By law, all donations of services-in-kind worth more than £7,500 must be reported to the electoral commission. A spokesman said that no donation from the company or Mercer to Leave.eu had been filed.





http://www.cnbc.com/2014/11/07/robert-mercer-the-most-important-political-money-man-youve-never-heard-of.html

Thanks both to looser campaign finance rules and his promotion to help lead one of the largest hedge funds in the world, Mercer has quietly become a major player in politics since 2010. He donated more than $8 million this election cycle alone, putting him behind only Singer as the second-largest Republican booster. And Mercer was fourth overall regardless of party after hedge fund manager-turned environmentalist Tom Steyer and former New York City mayor Michael Bloomberg, according to data compiled by the Center for Responsive Politics.


https://www.bloomberg.com/news/articles/2014-07-21/renaissance-avoided-more-than-6-billion-tax-report-says



A Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6 billion in U.S. income taxes over 14 years through transactions with Barclays Plc and Deutsche Bank AG, a Senate committee said.

The hedge fund used contracts with the banks to establish the “fiction” that it wasn’t the owner of thousands of stocks traded each day, said Senator Carl Levin, a Michigan Democrat and chairman of the Permanent Subcommittee on Investigations. The maneuver sought to transform profits from rapid trading into long-term capital gains taxed at a lower rate, he said.

“It meant enormous profit for both the banks and the hedge funds,” Levin told reporters yesterday in Washington. “Ordinary Americans had to shoulder a tax burden of billions of dollars, a burden that was shrugged off by those hedge funds.”
40 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Exposed how exactly social media is being used to influence elections (Original Post) neohippie Feb 2017 OP
THIS IS HAPPENING Cosmocat Feb 2017 #1
Cambridge Analytica and its ilk sound the death knell for free elections. GliderGuider Feb 2017 #2
Please help me get attention to this post neohippie Feb 2017 #3
I've posted one of the articles to my FB page, but no eyes yet. GliderGuider Feb 2017 #5
This is truly terrifying to read BSdetect Feb 2017 #4
K&R BSdetect Feb 2017 #6
it's data manipulation at emotional levels, using proven pshychological methods neohippie Feb 2017 #8
Kick for the enormous importance of the issue. nt GliderGuider Feb 2017 #7
more on Mercer neohippie Feb 2017 #9
See Pentagon Papers BSdetect Feb 2017 #10
Mercer's firm using big data to out perform markets neohippie Feb 2017 #11
Here's the Trump connection neohippie Feb 2017 #12
I feel like I pulled up a floorboard in my house... GliderGuider Feb 2017 #13
Gotta kick this repeatedly people. BSdetect Feb 2017 #14
That's not even getting into the tens of thousands Blue_Tires Feb 2017 #15
Actually it looks like collusion between Us companies and foreign powers neohippie Feb 2017 #16
Kicking n/t blaze Feb 2017 #17
Is this the key to how Twitler came to power? Is it what's going on now? hedda_foil Feb 2017 #18
Kick! Come on people, this is seriously important stuff here! GliderGuider Feb 2017 #19
Ho-lee-shiiiiiit... Ligyron Feb 2017 #20
One thing to keep in mind however... titaniumsalute Feb 2017 #21
A must read for all DU people IMO BSdetect Feb 2017 #22
Needs K&R BSdetect Feb 2017 #23
Pics of trumph phony rallies getting more attention than this thread BSdetect Feb 2017 #24
Thanks and kick. Nt lostnfound Feb 2017 #25
K&R 2naSalit Feb 2017 #26
K&R BSdetect Feb 2017 #27
KnR! Cambridge Analytica needs to be investigated! Madam45for2923 Feb 2017 #28
I've been trying to bring this to people's attention. drm604 Feb 2017 #29
My sentiments exactly. Ligyron Feb 2017 #31
I don't think it's CT. drm604 Feb 2017 #32
as for plausible consider this neohippie Feb 2017 #35
ANyone have an idea how to get this to Perez? It's critical they understand this. Amaryllis Feb 2017 #30
I'd like to see Rachel Maddow do a segment on it. drm604 Feb 2017 #33
Thinking the same thing. Wonder how easy/hard it is to get stuff to her. SHe must get thousands of Amaryllis Feb 2017 #34
Interesting development neohippie Mar 2017 #36
another story walking back the claims neohippie Mar 2017 #37
Bestest OP & Thread on Cambridge Analytica Madam45for2923 Aug 2017 #38
This all needs to be revisted neohippie Sep 2017 #39
Yep, and actually I got an OP with that exact video in it today! Here: Madam45for2923 Sep 2017 #40

Cosmocat

(14,563 posts)
1. THIS IS HAPPENING
Mon Feb 27, 2017, 11:02 AM
Feb 2017

I would urge everyone to GENTLY forward this article on your social media ...

They won't want to hear it, just be very deferential and ask that people read it.

 

GliderGuider

(21,088 posts)
2. Cambridge Analytica and its ilk sound the death knell for free elections.
Mon Feb 27, 2017, 11:24 AM
Feb 2017

IMO the single greatest threat extant to the concept of democracy itself.

neohippie

(1,142 posts)
3. Please help me get attention to this post
Mon Feb 27, 2017, 11:46 AM
Feb 2017

I posted in latest breaking news but my thread was closed.

This is all very relevant to Trump his Russian ties, coordination between fake news, Russian troll armies, chat bots, businesses that are tied to influencing global information, elections, Brexit vote influence, US election influence, powerful interests wanting to maintain control over how social networking can be used to sway financial markets and elections so many ties to current events it's mind boggling that the money and men behind the curtain are controlling information war and so on

neohippie

(1,142 posts)
8. it's data manipulation at emotional levels, using proven pshychological methods
Mon Feb 27, 2017, 12:27 PM
Feb 2017

They are not only using their big data algorithms on betting on financial markets but where ever they can imagine, like in job recruiting too

https://www.mercer.com/content/dam/mercer/attachments/north-america/us/the-future-of-hr-mercer.pdf

and waging psychological warfare with leaked stories

like this https://www.theguardian.com/us-news/2017/feb/18/us-immigration-raids-fear-trump-mexico



Immigrant communities across the United States are in a state of fear and uncertainty after a week of immigration raids and leaks from the Trump administration that have raised the specter of a mass deportations.

The White House denied the most alarming leak – a draft memo suggesting it considered mobilising 100,000 national guard troops to round up and deport unauthorised immigrants, including millions living nowhere near the Mexico border – was current administration policy.

However the 11-page memo has compounded fears among immigrant communities that Trump’s campaign promise of a hardline clampdown on immigration, dismissed by some at the time as little more than heated rhetoric, is about to be realized.


“It’s almost like it’s psychological warfare that’s being waged against people of color to create a constant feeling of fear and uncertainty,” said Juanita Molina, the executive director of Border Action Network, a human rights organization in Tucson, Arizona.

Molina spoke to the Guardian just hours after the Associated Press revealed details of the proposed plan to deploy the national guard against undocumented immigrants in the western US.

“I’ve had border patrol ask me for my documents just going for a jog by my house. I’d go to get a gallon of milk at the store and have officers stop me and say ‘Well, what are you doing?’”, she said. Adding the national guard would be even more “invasive” and add to the already “ominous” atmosphere of border towns, she added.

“We don’t have just basic freedom of movement.”

neohippie

(1,142 posts)
9. more on Mercer
Mon Feb 27, 2017, 12:30 PM
Feb 2017
http://www.breitbartunmasked.com/2016/02/18/meet-the-data-lords-who-want-to-make-ted-cruz-president/


In 2005, journalist Sharon Weinberger attended Defense Systems & Equipment International, the United Kingdom’s biggest military tech event, to take a look at SCL’s elaborate ‘smallpox outbreak scenario’ exhibit and report on what she saw for Slate.

“IF YOUR DEFINITION OF PROPAGANDA IS FRAMING COMMUNICATIONS TO DO SOMETHING THAT’S GOING TO SAVE LIVES, THAT’S FINE,” SAYS MARK BROUGHTON, SCL’S PUBLIC AFFAIRS DIRECTOR. “THAT’S NOT A WORD I WOULD USE FOR THAT.”

THEN AGAIN, IT’S HARD TO KNOW EXACTLY WHAT ELSE TO CALL IT. (COMPANY LITERATURE DESCRIBES SCL’S NICHE SPECIALTIES AS “PSYCHOLOGICAL WARFARE,” “PUBLIC DIPLOMACY,” AND “INFLUENCE OPERATIONS.”) THE SMALLPOX SCENARIO PLAYS OUT IN EXCRUCIATING DETAIL HOW REPORTERS WOULD BE TAPPED TO RECEIVE DISINFORMATION, WITH TV AND RADIO STATIONS DEDICATED TO AROUND-THE-CLOCK COVERAGE. EVEN THE EVENTUAL DISCLOSURE IS CAREFULLY SCRIPTED.

IN ANOTHER DOOMSDAY SCENARIO, THE COMPANY ASSISTS A NEWLY DEMOCRATIC COUNTRY IN SOUTH ASIA AS IT STRUGGLES WITH CORRUPT POLITICIANS AND A RISING INSURGENCY THAT THREATENS TO BUBBLE OVER INTO BLOODY REVOLUTION. SCL STEPS IN TO ASSIST THE BENEVOLENT KING OF “MANPUREA” TO TEMPORARILY SEIZE POWER.

OH, WAIT, THAT SOUNDS A LOT LIKE NEPAL, WHERE THE MONARCHY EARLIER THIS YEAR OUSTED A CORRUPT GOVERNMENT TO STAVE OFF A RISING MAOIST MOVEMENT. THE PROBLEM IS, THE SCL SCENARIO ALSO SOUNDS A LOT LIKE USING A PRIVATE COMPANY TO HELP OVERTHROW A DEMOCRATICALLY ELECTED GOVERNMENT.


neohippie

(1,142 posts)
11. Mercer's firm using big data to out perform markets
Mon Feb 27, 2017, 12:40 PM
Feb 2017
https://www.bloomberg.com/news/articles/2016-11-21/how-renaissance-s-medallion-fund-became-finance-s-blackest-box


These same algorithms are being used to get really really rich

But as financial sophistication grew and more quants plied their craft at decoding markets, the inefficiencies began disappearing. When Mercer and Brown joined they were assigned to different research areas, but it soon became apparent they were better together than apart. They fed off each other: Brown was the optimist, and Mercer the skeptic. “Peter is very creative with a lot of ideas, and Bob says, ‘I think we need to think hard about that,’ ” says Patterson. They took charge of the equities group, which people say was losing money. “It took them four years to get the system working,” says Patterson. “Jim was very patient.” The investment paid off. Today the equities group accounts for the majority of Medallion’s profits, primarily using derivatives and leverage of four to five times its capital, according to documents filed with the U.S. Department of Labor. 4


They are out performing everyone


“Renaissance is the commercial version of the Manhattan Project,” says Andrew Lo, a finance professor at MIT’s Sloan School of Management and chairman of AlphaSimplex, a quant research firm. Lo credits Jim Simons, the 78-year-old mathematician who founded Renaissance in 1982, for bringing so many scientists together. “They are the pinnacle of quant investing. No one else is even close.”

Few firms are the subject of so much fascination, rumor, or speculation. Everyone has heard of Renaissance; almost no one knows what goes on inside. (The company also operates three hedge funds, open to outside investors, that together oversee about $26 billion, although their performance is less spectacular than Medallion’s.) Apart from Simons, who retired in 2009 to focus on philanthropic causes, relatively little has been known about this small group of scientists—whose vast wealth is greater than the gross domestic product of many countries and increasingly influences U.S. politics




and there is a Russian connection there too

Around that time another of Renaissance’s Russian-born researchers, Alexey Kononenko, who received his Ph.D. from Penn State in 1997 and had also done a brief stint on Wall Street, was promoted within the equities group. Senior staffers ended up discussing Kononenko’s advancement during one of their regular dinners at Simons’s house. One person familiar with the situation says the scientists were just questioning why he had moved ahead of colleagues who had been there much longer, much the way an academic might complain about a younger colleague getting tenure. Other people with knowledge of the firm say Kononenko’s promotion was a significant event in Renaissance’s history and that the Russian had actually executed a power play.

Whatever the reasons for Kononenko’s advancement, the outcome has safeguarded the well from which Renaissance’s wealth flows: Medallion has averaged more than a 40 percent return, after fees, since the dinner.

neohippie

(1,142 posts)
12. Here's the Trump connection
Mon Feb 27, 2017, 12:50 PM
Feb 2017

So the Russians have ties to Mercer's hedge fund too




http://rebrn.com/re/memos-ceo-of-russias-state-oil-company-offered-trump-adviser-all-3124716/



Robert Mercer, Renaissance Technologies, Medallion Fund, Nathaniel Simons, Alexey Kononenko. Those are the guys behind the coup. They have been working closely with Russia since 2009 on ensuring Europe's dependency on Russia for energy. When Cruz dropped out, Mercer put his $ and connections behind Trump so that this deal could happen. These are the names not in the media, but they should be. https://www.bloomberg.com/news/articles/2016-11-21/how-renaissance-s-medallion-fund-became-financ...

They are intimately tied with Tillerson, Giuliani, Sessions, Bannon, Conway, Manafort, Lewinski et alia.

Trump provided the perfect opportunity when Cruz pulled out of the race. My guess, it would have happened with Cruz as well, just on a much slower pace, with less outright brown people hate. They backed a wild card with Trump, and it will probably blow up in their faces.
 

GliderGuider

(21,088 posts)
13. I feel like I pulled up a floorboard in my house...
Mon Feb 27, 2017, 12:58 PM
Feb 2017

... and uncovered a nest of Black Widow spiders.

neohippie

(1,142 posts)
16. Actually it looks like collusion between Us companies and foreign powers
Mon Feb 27, 2017, 02:02 PM
Feb 2017

Links between Mercer, Russian Alexey Kononenko and their hedge fund, and Trump propaganda machine

https://medium.com/join-scout/the-rise-of-the-weaponized-ai-propaganda-machine-86dac61668b#.rmmip1q54


“This is a propaganda machine. It’s targeting people individually to recruit them to an idea. It’s a level of social engineering that I’ve never seen before. They’re capturing people and then keeping them on an emotional leash and never letting them go,” said professor Jonathan Albright.

Albright, an assistant professor and data scientist at Elon University, started digging into fake news sites after Donald Trump was elected president. Through extensive research and interviews with Albright and other key experts in the field, including Samuel Woolley, Head of Research at Oxford University’s Computational Propaganda Project, and Martin Moore, Director of the Centre for the Study of Media, Communication and Power at Kings College, it became clear to Scout that this phenomenon was about much more than just a few fake news stories. It was a piece of a much bigger and darker puzzle — a Weaponized AI Propaganda Machine being used to manipulate our opinions and behavior to advance specific political agendas.

By leveraging automated emotional manipulation alongside swarms of bots, Facebook dark posts, A/B testing, and fake news networks, a company called Cambridge Analytica has activated an invisible machine that preys on the personalities of individual voters to create large shifts in public opinion. Many of these technologies have been used individually to some effect before, but together they make up a nearly impenetrable voter manipulation machine that is quickly becoming the new deciding factor in elections.


But researchers across the technology and media ecosystem who have been following Cambridge Analytica’s political messaging activities have unearthed an expansive, adaptive online network that automates the manipulation of voters at a scale never before seen in political messaging.

“They [the Trump campaign] were using 40–50,000 different variants of ad every day that were continuously measuring responses and then adapting and evolving based on that response,” Martin Moore, director of Kings College’s Centre for the Study of Media, Communication and Power, told The Guardian in early December. “It’s all done completely opaquely and they can spend as much money as they like on particular locations because you can focus on a five-mile radius.”

hedda_foil

(16,372 posts)
18. Is this the key to how Twitler came to power? Is it what's going on now?
Mon Feb 27, 2017, 03:43 PM
Feb 2017

We've called Fox News, rightwing hate radio and websites brainwashing for years, and indeed it has been that. Now, Trump's coterie have a much more psychologically dangerous and effective method of manipulating us individually, based on our social media data.


https://www.theguardian.com/politics/2017/feb/26/robert-mercer-breitbart-war-on-media-steve-bannon-donald-trump-nigel-farage


You can take a trending topic, such as fake news, and then weaponise it, turn it against the media that uncovered it
“Politics is war,” said Steve Bannon last year in the Wall Street Journal. And increasingly this looks to be true.

There’s nothing accidental about Trump’s behaviour, Andy Wigmore tells me. “That press conference. It was absolutely brilliant. I could see exactly what he was doing. There’s feedback going on constantly. That’s what you can do with artificial intelligence. You can measure ever reaction to every word. He has a word room, where you fix key words. We did it. So with immigration, there are actually key words within that subject matter which people are concerned about. So when you are going to make a speech, it’s all about how can you use these trending words.”

Wigmore met with Trump’s team right at the start of the Leave campaign. “And they said the holy grail was artificial intelligence.”

Who did?

“Jared Kushner and Jason Miller.”


Later, when Trump picked up Mercer and Cambridge Analytica, the game changed again. “It’s all about the emotions. This is the big difference with what we did. They call it bio-psycho-social profiling. It takes your physical, mental and lifestyle attributes and works out how people work, how they react emotionally.”

Bio-psycho-social profiling, I read later, is one offensive in what is called “cognitive warfare”. Though there are many others: “recoding the mass consciousness to turn patriotism into collaborationism,” explains a Nato briefing document on countering Russian disinformation written by an SCL employee. “Time-sensitive professional use of media to propagate narratives,” says one US state department white paper. “Of particular importance to psyop personnel may be publicly and commercially available data from social media platforms.”

Yet another details the power of a “cognitive casualty” – a “moral shock” that “has a disabling effect on empathy and higher processes such as moral reasoning and critical thinking”. Something like immigration, perhaps. Or “fake news”. Or as it has now become: “FAKE news!!!!”


I believe this is what happened to so deeply split the primaries last year. Could it be that this kind of highly individualized, psychologically targeted cognitive warfare that made Democrats on both sides of the Hillary/Bernie divide so mad at and suspicious of each other that we went for each other's throats?

 

GliderGuider

(21,088 posts)
19. Kick! Come on people, this is seriously important stuff here!
Mon Feb 27, 2017, 03:47 PM
Feb 2017

This is country-breaking stuff. Please read it, and start spreading the news.

Ligyron

(7,627 posts)
20. Ho-lee-shiiiiiit...
Mon Feb 27, 2017, 03:58 PM
Feb 2017

We are up against some dark and very powerful forces.

Someone needs to install a virus in their machinery. I thought the smart people were on our side?

Still reading through the posted articles.

K and R obviously because many more people here need to read this.

titaniumsalute

(4,742 posts)
21. One thing to keep in mind however...
Mon Feb 27, 2017, 04:01 PM
Feb 2017

Two can play at this game. The internet is the internet. Who is more powerful than the companies of Google, Amazon, Facebook, Twitter, etc.

BSdetect

(8,998 posts)
24. Pics of trumph phony rallies getting more attention than this thread
Mon Feb 27, 2017, 05:23 PM
Feb 2017

is not good enough.

Its a long read but essential for all.

drm604

(16,230 posts)
29. I've been trying to bring this to people's attention.
Tue Feb 28, 2017, 09:04 AM
Feb 2017

Last edited Tue Feb 28, 2017, 03:06 PM - Edit history (1)

I posted a thread about Cambridge Analytica a week ago.

http://www.democraticunderground.com/10028677911

GliderGuider posted one yesterday.

http://www.democraticunderground.com/1127108641

Neither thread is getting much attention.

I also posted about it on FB. It got zero responses and zero replies. I'm not even sure if anyone read It. (I almost wonder if FB has been compromised and is hiding any posts that mention CA or link to articles about it.)

This strikes me as vitally important, yet there seems to be little discussion about it. It seems like we're all more interested in the latest dumb tweet and that anything that requires some thought and reading time is passed over; which of course is what the perpetrators of this want.

Ligyron

(7,627 posts)
31. My sentiments exactly.
Tue Feb 28, 2017, 02:45 PM
Feb 2017

Why is this not catching fire. Do people think it's CT do you think?

Is it?

Kicking again.

drm604

(16,230 posts)
32. I don't think it's CT.
Tue Feb 28, 2017, 03:38 PM
Feb 2017

It's possible and even plausible, and as far as I know The Guardian is a reliable news source.

The only question in my mind is how well it works. Did it change the outcome of the election?

There's something that's been bugging me for a while. Some people I know; people who've been involved in politics for years, only want to talk about what the Democrats did wrong that caused them to lose the election. They don't even want to consider other issues, such as ballot fraud. They seem to get angry if you even bring it up. Have they been manipulated?

And of course there are the Jill Stein ideological purists. I kind of expect such thinking from 18 year olds, but I know people in their 40s and 50s - intelligent educated people who should know better - who voted for Stein and even now stubbornly assert the rightness of their actions. Have they been manipulated?

As I look at my last two paragraphs, I realize how crazy I sound. Am I? Is there truth to this or not?

neohippie

(1,142 posts)
35. as for plausible consider this
Tue Feb 28, 2017, 04:58 PM
Feb 2017

Mercer the guy who owns this company uses similar mathematical algorithms to make money in the financial markets. His hedge funds somehow out perform every other fund lately they have had gains of 80% year after year since they started fine tuning these formulas to predict markets.

It would seem possible that they could be using the fake news and emotional psychological tools like discussed here to influence trading getting investors to buy or sell based on emotional triggers or fake news that is a connection that someone needs to be pursuing. I am not saying that is how they are doing this, but it makes you go hmmm! The odds that they can accurately predict market outcomes correctly so many times just seem crazy, but if they can influence behavior to drive the market the directions that they control via this kind of weaponized propaganda tool, well that would be the ultimate financial coup

I thought it was odd that there is even a Russian connection with this hedge fund as well, and that many partners in the financial firm were caught off guard when the new Russian employee somehow mysteriously advanced up through the ranks much faster than many who had been there a very long time


In 2001, Renaissance hired a Russian scientist who, like many of his peers, came west after the collapse of the Soviet Union: Alexander Belopolsky. Patterson was against bringing him aboard, he says, because he had recently worked on Wall Street, where he had job-hopped. His fears proved prescient. In 2003 he and another Russian, Pavel Volfbeyn, announced they were leaving for hedge fund Millennium Partners, where they’d negotiated healthy bonuses and the right to keep a large part of their own profits. Renaissance sued them and Millennium, worried the researchers would take the firm’s secrets with them. All parties later settled out of court.

Around that time another of Renaissance’s Russian-born researchers, Alexey Kononenko, who received his Ph.D. from Penn State in 1997 and had also done a brief stint on Wall Street, was promoted within the equities group. Senior staffers ended up discussing Kononenko’s advancement during one of their regular dinners at Simons’s house. One person familiar with the situation says the scientists were just questioning why he had moved ahead of colleagues who had been there much longer, much the way an academic might complain about a younger colleague getting tenure. Other people with knowledge of the firm say Kononenko’s promotion was a significant event in Renaissance’s history and that the Russian had actually executed a power play.

Whatever the reasons for Kononenko’s advancement, the outcome has safeguarded the well from which Renaissance’s wealth flows: Medallion has averaged more than a 40 percent return, after fees, since the dinner.


I mentioned the connections between Mercer, big data quantitative analysis and these formulas in this article

https://www.bloomberg.com/news/articles/2016-11-21/how-renaissance-s-medallion-fund-became-finance-s-blackest-box

Amaryllis

(9,524 posts)
34. Thinking the same thing. Wonder how easy/hard it is to get stuff to her. SHe must get thousands of
Tue Feb 28, 2017, 04:57 PM
Feb 2017

emails. HOpefully she has staff checking out the Guardian.

neohippie

(1,142 posts)
36. Interesting development
Wed Mar 8, 2017, 12:06 PM
Mar 2017

Now there seems to be a lot of back peddling about these stories being not true, exaggerated, claims of how powerful the CA and SCL AI really is. It's either someone let the cat out of the bag, and now we need to cover it up, or the claims were fake to begin with, or something in between

https://www.forbes.com/sites/jasonbloomberg/2017/03/05/does-trumps-weaponized-ai-propaganda-machine-hold-water/#55157550761c


neohippie

(1,142 posts)
39. This all needs to be revisted
Thu Sep 7, 2017, 03:50 PM
Sep 2017

?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fpanicfreaks.org%2Fshowthread.php%3Ft%3D1078711%26page%3D28
 

Madam45for2923

(7,178 posts)
40. Yep, and actually I got an OP with that exact video in it today! Here:
Thu Sep 7, 2017, 04:40 PM
Sep 2017

FB, YouTube, Twitter, Cambridge Analytica, Russia, the GOP & Trump.

https://www.democraticunderground.com/10029566031

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