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Month: December 2018

From $2.5B to $58B… Two Sigma’s AI Investment Strategy: Humans and Big Data Crowdsourcing

Two Sigma describes itself as “a systematic investment manager, founded with the goal of applying cutting-edge technology to the data-rich world of finance.” The SoHo, New York, based hedge fund was founded in 2001, by John Overdeck, David Siegel and Mark Pickard. Using AI, ML and distributed computing to invest, the fund has over $58 …

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Microsoft’s $7.5B GitHub acquisition and the AI Game of Thrones

Microsoft is taking the AI race very seriously: “AI is going to be one of the trends that is going to be the next big shift in technology,” Microsoft CEO Satya Nadella said at a recent investor’s conference…. It’s going to be AI at the edge, AI in the cloud, AI as part of SaaS applications, …

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Blackstone & AI: MIT’s Stephen Schwarzman College of Computing

Stephen Schwarzman doesn’t do things halfway… ten years ago, he donated $100 million to the NY Public Library, subsequently known as the the Stephen A. Schwarzman building. That was for books. In October 2018 he announced a $350 million grant to MIT to study artificial intelligence. His foundational gift – part of a $1 billion …

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Stanford Music + Computer Science = 500 million valuation in 5 years

Yes, Patreon is currently in the news because they kicked a number of creators off the platform for anti-feminism and racist speech – but whichever way the news cycle plays out, the underlying business model and idea in the context of technology and AI is still worth a few thoughts. Patreon was created in 2013 …

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Team Liftouts for Big Data and AI in Investment Management – Opportunities and Challenges

As with investment management and distribution, liftouts are a preferred route to get an experienced AI/ML team that works well together to hit the road running – no matter whether it’s an investment product with a track record, a distribution/sales team or a group of data, machine learning or AI scientists. Ideally, these teams have …

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AI/Digital Startups within the US Government And the Hunt for AI Talent

In 2014, the president founded a startup in the US White House called the United States Digital Service, with the aim to gather the best technology, design and government talent to help tackle immigration, healthcare, and veteran’s benefits. For USDS, the MO is to recruit top designers, engineers, product managers, and digital policy experts and …

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Warren Enskat – Weekly AI Summary Dec 23-2018 (WE-WAIS)

Warren Enskat / Weekly AI Summary (WE-WAIS) / 12-23-2018 Some of the AI developments and thoughts from this past week: – The AI Index 2018 … artificial intelligence outpaces computer science in research; Europe is the largest publisher of AI papers, followed by China and the US; ML and probabilistic reasoning top the list of …

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Amazon, Google, and IBM and How AI Monitors Your Emotional State

Alexa now uses transfer learning and self-learning to improve on its own…  TL: deep-learning to model many domains and transfer the knowledge from one to the next SL: autocorrecting based on context clues And in October 2018, Amazon patented a new technology for Alexa to monitor emotions through the pitch and volume of speech. The …

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Apple Names Head of AI and ML to Executive Team

How important is AI? Apple Senior Vice President, Machine Learning and AI Strategy, John Giannandrea (brought in from Google earlier this year), was just promoted to the executive team, reporting directly to Tim Cook. “Machine learning and AI are important to Apple’s future as they are fundamentally changing the way people interact with technology, and already …

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The SEC and Artificial Intelligence: The AI Czar & Hub for Innovation & FinTech

While US government budgets have been tighter, the one area of dramatic expansion for the SEC has been around data science, technology and AI. In just a few years the commission has developed a strong tech and AI expertise. In June of 2018, the SEC made Valerie Szczepanik Associate Director of the Division of Corporation Finance …

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