Talent

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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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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How To Become (Remain) Asset Management CEO? Artificial Intelligence

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 …

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Stanford launches Human-Centered AI Institute: Human – Augment – Intellect

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 …

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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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Brookings report on “Automation and AI: How Machines Are Affecting People” – Men are more Vulnerable than Women

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 …

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BlackRock to Partner with Microsoft on Digital/Retirement; with Acorns on Next Gen Investors

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 …

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Team Liftouts for Big Data and AI in Investment Management – Opportunities and Challenges

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 …

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