We use technology to think beyond what’s possible …. is how BlackRock, the largest investment manager in the world with $6.4 trillion in AUM, welcomes visitors to it’s homepage. This week BlackRock and Microsoft announced a partnership to create a retirement solution investment platform with digital financial planning tools, alongside a new generation of BlackRock …
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 …
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.
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 …
Apple Looks To AI in New Industries For Post iPhone Era, including Financial Services Read More »
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, …
Asset Management > Private Equity > Tech Boutiques > AI Read More »
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 …
Blackstone & AI: MIT’s Stephen Schwarzman College of Computing Read More »
Google just announced its intent to buy Alooma for cloud data migration and to grow its cloud footprint in Israel. Google’s VP of Engineering and Director of Product Management for the Cloud Platform commented that “one of the things we’re most excited about with Alooma is the deep expertise for both enterprise and open source …
After introducing an augmented reality mode for maps last year at I/O 2018, the WSJ got early access as Google is rolling it out to a limited number of users. As the WSJ reported today, when you start AR mode, the GPS matches your location with the vast amount of street view data collected by …
Who says Machine Learning and computer/algorithmic investing can‘t be exciting? Prof Marcos Lopez de Prado in September 2018 joined AQR as their Head of Machine Learning/Principal with his team. „Our foundation in applied academia and our culture of intellectual curiosity mean we are always relentlessly looking for new data, signals and techniques to strengthen our …
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 …
Silicon Valley AI Startups, and how they sell to firms like Amazon, Google and Walmart Read More »