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Technology

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

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

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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

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

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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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Apple Looks To AI in New Industries For Post iPhone Era, including Financial Services

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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 …

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Blackstone & AI: MIT’s Stephen Schwarzman College of Computing

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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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Israel’s AI Startups Have Clout with the Cloud: Google, Microsoft & the War for AI Talent

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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 …

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AQR hires star Head of ML from Guggenheim after lawsuit and team spin-out, then replaces him

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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 …

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Silicon Valley AI Startups, and how they sell to firms like Amazon, Google and Walmart

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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 …

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JP Morgan Hires Senior Director for Data Science from SalesForce in AI Hiring Push

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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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