Month: January 2019

JP Morgan and AI: „This is not Pie-in-the-Sky Stuff“

JP Morgan has been extremely busy in the last few years following the tech giants’ blueprint for AI: hire the best people, make headlines, re-invent the business, and… make money in the process. The firm’s public AI website, a part is shown below, highlights tech efforts around AI, FinTech, Blockchain, Development and Digital Payments. 40% …

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Silicon Valley AI Startups, and how they sell to firms like Amazon, Google and Walmart

Venky Harinarayan and Anand Rajaraman first met at the Indian Institute of Technology, Madras and, while getting advanced computer science degrees at Stanford (and sharing an office with Sergey Brin), founded Junglee, a shopping search engine enabling customers to search for products from online and offline retailers in India, in 1996 (later bringing on two …

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Facebook hires Chief Data Scientist, Google hires Technical AI Director – both let them continue with consulting and research efforts: Flexicurity for AI Stars.

When Mark Zuckerberg last year hired Xin Fu as Head of Data Science from LinkedIn, the most interesting aspect for us was that he is letting him continue to be an advisor to Didi Chuxing’s CTO and Lynk Global’s CEO. Similarly, Google recently hired Amazon’s Senior Director for Alexa AI, Ashwin Ram, as Technical Director …

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New Brookings report on “Automation and AI: How Machines Are Affecting People” – Men are more Vulnerable than Women

The Metropolitan Policy Program at Brookings published a 100+ page study on Automation and Artificial Intelligence this week, focusing on “how machines are affecting people and places”. The authors, Muro, Maxim and Whiton, look at data for the impact of automation. First, backward, from 1980-2016, then forward, from 2016-2030, and across some 800 occupations. Not …

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China Names Former ICBC Leader As CSRC Chairman, Focus on Tech and Innovation

Yi Huiman, former head of the Industrial and Commercial Bank of China (ICBC), named as new chairman of the China Securities Regulatory Commission (CSRC), with the expectation to focus on innovation and technology in partnership with the tech board. To read the full China/AI case study, please register below.

Facebook To Put FB, Messenger, WhatsApp and Instagram into One Platform

Facebook is taking greater control over the back-end connections between Facebook, Messenger, Instagram and WhatsApp, including encryption. The initiative is supposed to be implemented by 2020 and comes directly from CEO Zuckerberg. As mashable reports, Facebook is looking to stop the fading interest in the social network and hopes to benefit from the popularity of …

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JP Morgan Hires Senior Director for Data Science from SalesForce in AI Hiring Push

As said earlier this week, JP Morgan is continuously ramping up AI hiring efforts. Two months ago they snapped up the Chief Data Officer from Salesforce for their west coast AI efforts. Asset Management and AI, just the beginning… Naren Chittar sold his four staff company MinHash to Salesforce and joined the company as Senior …

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Amazon R2D2-esque AI Bot, Scout, Starting Deliveries in Washington

Meet Scout, the little R2D2esque AI box on wheels that is now making deliveries in Snohomish County, Washington, for Amazon. It will have a human with it in the beginning as the system is tested, but then Scout is on its own. Soon in a neighborhood near you, thanks to AI. To read more about …

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Brevan Howard Appoints Head of AI Driven Systematic Investments

Brevan Howard, after hiring Karim-Patrick Khiar in the spring of 2017 as Head Data Strategist, two months ago made him the Head of AI Driven Systematic Investments… this marks an increasing push by (Alternative) Asset Managers to implement AI in the investment process, once big data is organized effectively. BH, founded in 2002, is one …

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Microsoft buys Unit 8200 AI Boutique for Cloud App Security and to Build Up Israel

A few things we discussed this month are mixing together. Israel’s Innovation Authority released its from start-up to smart-up nation report on technology and AI, including challenges. And Microsoft, since engineer Satya Nadella became CEO, has shifted towards the cloud, AI and new industries/technologies – Azure is a big driver of the business and initiatives …

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