Microsoft polled 700 executives across industries for their “State of Tech Intensity 2019” study. “Tech Intensity” is defined as the applied use of a creative, entrepreneurial mindset to invent new digital capabilities using advanced technologies such as AI and IoT. Key findings from the study: Every company is becoming a tech company: 73% of companies …
The OECD in March 2019 held the “Going Digital Summit” to kickstart its global AI initiative, with a focus on digital transformation and AI ethics. “To bring about stronger and more inclusive growth from the digital revolution, it is essential to build a coherent and comprehensive policy approach”. This is the essence of the OECD’s Going …
About a year and a half ago, Jonathan Wilmot, Credit Suisse’s Chief Global Strategist and Head of Macro Research after over 30 years with the firm, took the data science department and started his own AI investment boutique, WilmotML – as in Machine Learning. Aric Whitewood, CS’s Head of Data Science for seven years, left …
JP Morgan has been extremely busy in the last few years following the tech giants’ blueprint for AI: hire the best people, make headlines, re-invent the business, and… make money in the process. The firm’s public AI website, a part is shown below, highlights tech efforts around AI, FinTech, Blockchain, Development and Digital Payments. 40% …
JP Morgan and AI: „This is not Pie-in-the-Sky Stuff“ Read More »
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 …
Nicholas Moch joined SEB in 2008 as Head of IT Governance and four years later took over Information, Strategy, Architecture, and Emerging Technologies at the Nordic Financial Services Group. About a year ago, he was handed a “Supernova Award” in Silicon Valley for the way SEB uses AI in its digital interactions with customers, and …
SEB Head of Emerging Tech becomes Group CIO after receiving Supernova award for Aida AI Read More »
Brevan Howard, after hiring Karim-Patrick Khiar in the spring of 2017 as Head Data Strategist, two months ago made him the Head of AI Driven Systematic Investments… this marks an increasing push by (Alternative) Asset Managers to implement AI in the investment process, once big data is organized effectively. BH, founded in 2002, is one …
Brevan Howard Appoints Head of AI Driven Systematic Investments Read More »
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 …
Manulife/John Hancock and their “LOFTy” AI Ambitions – now in Silicon Valley Read More »
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 …
Morgan Stanley hires AI/Digital Execs, announces AI/tech partnerships for FAs Read More »
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 …
DARPA Turns 60: Disruptive Technologies, Inventions, and AI Read More »