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Cybersecurity

BlackRock Inadvertently Exposes 20,000 wealth management FAs‘ on its Website

20,000 Financial advisors, including 12,000 from LPL, had their email addresses, names, and other information exposed in a data leak at BlackRock last week, as first reported by Bloomberg. The company in a statement said that a limited number of wealth management platforms were impacted by the breach. The exposed advisors for BlackRock and LPL …

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Warren Enskat Weekly AI Summary Jan 21, 2019 (WE-WAIS)

Warren Enskat / Weekly AI Summary (WE-WAIS) / 1-21-2019 Some of the AI developments and thoughts from this past week: – Israel’s Innovation Authority … from startup nation to smart-up nation via AI: The State of Israel is facing significant challenges in the field of innovation during a period in which artificial intelligence is establishing itself …

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Israel’s Innovation Authority … from startup to smart-up nation via AI

“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 …

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Manulife/John Hancock and their “LOFTy” AI Ambitions – now in Silicon Valley

Canada has always been a (quiet) leader of AI in its own right, with MILA, CIFAR, et al. Manulife in Toronto owns John Hancock in Boston (combined AUM C$1 trillion+) and they have been playing with AI for insurance and investment management in a variety of ways. Manulife – and under its John Hancock brand in …

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DARPA Turns 60: Disruptive Technologies, Inventions, and AI

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 …

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DARPA’s $2B Next AI – KAIROS – and AIE Campaigns to Generate Actionable Understanding of Real-World Phenomena

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 …

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AQR Turning 20 and Showing an Open-Source Team Approach to Use Data Science and AI in Asset Management

About ten years ago I interviewed Cliff Asness at an Institutional Investor event – as with his investment and research philosophy, it was honest and provocative. AQR went from $12 billion to $225 billion in a decade and a half, used data science and open source research from day one and has pioneered a number …

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Baillie Gifford Chair into Data and AI Ethics and AI for long-term stock picking

The media-shy low/high-profile 110-year old investment manager Baillie Gifford last month pledged GBP5 million to the University of Edinburgh to support research into the ethical challenges posed by the growing use of data and AI. Nick Thomas, a partner at the firm, stated: “We hope that our close collaboration with academics at the cutting edge of …

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JP Morgan launches all mobile bank, “Finn”, with analytics/strategy exec at the helm

Happy New Year… JP Morgan Chase in December 2018 launched “Finn by Chase”, its all mobile bank, which lets customers: Set autosave rules to set aside cash for short-, mid-, or long-term savings goals Track spending with Finn’s insights and trends, with colorful breakdowns Rate purchases with smileys and emoticons to see what they enjoy(ed) …

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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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