Month: March 2019

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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Apple Looks To AI in New Industries For Post iPhone Era, including Financial Services

In many ways, Apple is on top of the business world because of the iPhone. Technology and foresight allowed Apple to become one of the top three global companies by market cap thanks to the iPhone. Fourth quarter 2018 numbers showed $62.9 billion in revenues and the shipment of Apple’s 2 billionth iOS device, “with …

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Asset Management > Private Equity > Tech Boutiques > AI

Asset Management > Private Equity > Tech Boutiques > AI

Blackstone and Goldman Sachs Asset Management this summer bought a minority stake in Dipanjan “DJ” Deb’s Francisco Equity Partners. Francisco Partners est. 2000 operates in London and San Francisco, and is a tech investor. This year they put $500m in LegalZoom jointly with GPI Capital, Franklin Templeton and Neuberger Berman. Francisco Partners also owns Bomgar, …

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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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