Cybersecurity

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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Morgan Stanley hires AI/Digital Execs, announces AI/tech partnerships for FAs

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 …

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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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White House Launches “AI.gov”, with Financial Services Regulatory Focus

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 …

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The SEC and Artificial Intelligence: The AI Czar & Hub for Innovation & FinTech

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 …

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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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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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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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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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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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