Castle Ridge Asset Management, an artificial intelligence-driven hedge fund firm founded in 2015 in Canada, has unveiled WALLACE, a new ‘one-of-a-kind’ AI supercomputer, at its headquarters in Toronto.
According to a statement released by Caste Ridge, WALLACE is capable of quadrillions of floating-point calculations per second and packs thousands of square feet of hardware footprint and data centre level cooling requirements into a proprietary 7.5 by 5.5 foot fluorinert liquid-cooled system.
Castle Ridge is both a deep tech laboratory and asset manager, with a focus on self-evolving AI investment strategies. The WALLACE supercomputer project, which was born five years ago, involved Castle Ridge designing custom hardware, chassis, cooling and software, and manufacturing the supercomputer.
WALLACE employs Castle Ridge-developed Geno-Synthetic Algorithms (GSA) to detect “sustainable behavioural patterns in vast market data (fundamental, technical and sentiment)”.
Castel Ridge says GSAs are far more computationally complex than traditional DeepLearning AI algorithms and can find optimal solutions in a problem space defined using various data types, including integer, Boolean, float, decimal, and complex (imaginary and real) numbers.
WALLACE analyses thousands of securities, each from over 42 dimensions simultaneously, and monitors complex interrelationships between these securities over time. As a result, Castle Ridge says WALLACE has uncovered market patterns two to three levels deeper than typical quant factors, and the platform is designed to continuously evolve through a “survival-of-the-fittest mechanism” which generates and compares tens-of-thousands of generations of virtual portfolio managers, all competing to improve performance.