When a traditional shoe-retailer like Foot Locker creates data-science teams and completely revamps its corporate culture and process around their (young-ish) client base, with initiatives executed across product, user X, design and engineering by the Chief Information and Customer Connectivity Officer, it becomes clear how much AI is changing even the most “sleepy” industries. A …
“The State of Israel is facing significant challenges in the field of innovation during a period in which artificial intelligence is establishing itself as the central technological platform of our generation”, is the introduction for this year’s overview by Chairman Appelbaum and CEO Aharon. As such, the latest report focuses on the transition from “startup …
Israel’s Innovation Authority … from startup to smart-up nation via AI Read More »
Since Jim Gorman became CEO of Morgan Stanley, his key initiative has been around technology, and, more recently, artificial intelligence, spending $4 billion on trading/fixed income, financial advisory, wealth management, et al. 2018 has been a breakthrough year on various fronts: – In June 2018, Morgan Stanley hired Michael Kearns as Head of AI, an …
Morgan Stanley hires AI/Digital Execs, announces AI/tech partnerships for FAs Read More »
Following its “Sputnik” moment, President Eisenhower created the (Defense) Advanced Ressearch Projects Agency (DARPA) in February 1958. In partnership with academia, industry and government agencies, the guiding principle from the beginning was to work on R&D projects to expand the frontiers of technology and science. The 140-page summary of DARPA over six decades includes fascinating …
DARPA Turns 60: Disruptive Technologies, Inventions, and AI Read More »
The White House this week launched AI.gov as “Artificial Intelligence for the American People”, with five pillars: Executive Order on AI AI for American Innovation AI for American Industry AI for the American Worker AI with American Values US President Trump last month signed the executive order on “maintaining American leadership in AI” which you …
White House Launches “AI.gov”, with Financial Services Regulatory Focus Read More »
A focus on technology and research with an eye on AI is a good way to become CEO of a large European asset manager. Santander Asset Management in February 2018 appointed Mariano Belinky as new CEO. Belinky until February was the Managing Partner of Santander InnoVentures, which the bank set up in London as a $100 …
How To Become (Remain) Asset Management CEO? Artificial Intelligence Read More »
Today Stanford is launching the Institute for Human Centered Artificial Intelligence (HAI), for interdisciplinary research including academia, regulators and industry on future and emerging tech. It will be called Stanford HAI – high indeed. The two directors are academia superstars: Fei-Fei Li, the former Google Cloud Chief Scientist that publicly led the Google discussions on …
Stanford launches Human-Centered AI Institute: Human – Augment – Intellect Read More »
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 …
The SEC and Artificial Intelligence: The AI Czar & Hub for Innovation & FinTech Read More »
DARPA wants to create KAIROS, a program to develop a schema-based AI capability to enhance reasoning about complex world events and generate actionable insights. KAIROS stands for Knowledge-Directed Artificial Intelligence Reasoning Over Schemas. KAIROS seeks to create a schema-based AI capability to enable contextual and temporal reasoning about complex real-world events in order to generate actionable …
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 …