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 …
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 »
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 »
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 …
When Mark Zuckerberg last year hired Xin Fu as Head of Data Science from LinkedIn, the most interesting aspect for us was that he is letting him continue to be an advisor to Didi Chuxing’s CTO and Lynk Global’s CEO. Similarly, Google recently hired Amazon’s Senior Director for Alexa AI, Ashwin Ram, as Technical Director …
Facebook is taking greater control over the back-end connections between Facebook, Messenger, Instagram and WhatsApp, including encryption. The initiative is supposed to be implemented by 2020 and comes directly from CEO Zuckerberg. As mashable reports, Facebook is looking to stop the fading interest in the social network and hopes to benefit from the popularity of …
Facebook To Put FB, Messenger, WhatsApp and Instagram into One Platform Read More »
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 …
JP Morgan Hires Senior Director for Data Science from SalesForce in AI Hiring Push Read More »
Meet Scout, the little R2D2esque AI box on wheels that is now making deliveries in Snohomish County, Washington, for Amazon. It will have a human with it in the beginning as the system is tested, but then Scout is on its own. Soon in a neighborhood near you, thanks to AI.