Warren Enskat – Weekly AI Summary Dec 23-2018 (WE-WAIS)

Warren Enskat / Weekly AI Summary (WE-WAIS) / 12-23-2018

Some of the AI developments and thoughts from this past week:

The AI Index 2018 … artificial intelligence outpaces computer science in research; Europe is the largest publisher of AI papers, followed by China and the US; ML and probabilistic reasoning top the list of papers; papers on neural networks had a CAGR of 37% from 2014-2017; introductory courses in ML last year were 5x greater than in 2012. Read more here.

NeurIPS 2018: The ComiCon of AI…. in its 32nd year and held in Montreal, it sold out in less than 10 minutes. Featured talks included: diversity and inclusivity in tech; ML and public policy; what bodies think about; robust re-inforcement learning; the human-AI trust phenomenon; making algorithms trustworthy; designing computer systems for software 2.0; financial lead sponsors included Citadel, Two Sigma, DE Shaw, JP Morgan, ANT Financial, Man AHL, Morgan Stanley, Capital One, RBC, Bloomberg and others, such as Disney Research or Netflix; a prized paper on a new family of deep neural networks; read more here

– BlackRock to Partner with Microsoft to create a retirement solution investment platform with digital financial planning tools and guaranteed income; anchor investment in Acorns, the micro-investing app, to improve the savings and investing behaviors of the next generation; strategic partnership with Envestnet, for quality data and to enhance the FA experience on the digital and wealth side; read more here..

– Facebook AI Research (FAIR) is open-sourcing PyText, a modeling framework that blurs the boundaries between experimentation and large-scale deployment, built on PyTorch; goal is to make it easier for developers to build and deploy NLP systems; read more here.

– The Art of Computer Programming, also known as the Bible of Technology, so far has four 750-1,000 page volumes, shaping the last century of science; hit control+F to search for text with the Knuth-Morris-Pratt string-searching algorithm; back to the origins of algorithms in the 9th century; read more here.

– WeWork hires Head of AI and launches AI Desk: the $20B+ NY/Israel startup this year is pushing towards an IoT future for office space; Amazon Alexa powered AIDesks adjust user preferences when a client approaches the desk, including temperature, table height and lighting; the future of work and deep work; read more here.

– Morgan Stanley hires AI execs and launches AI tool for FAs: the firm in June 2018 hired AI veteran Michael Kearns to lead AI efforts; the „next best action“ tool combines ML, predictive analytics and workflow technology; new chief tech and digital officers also push to AI for MS; partnerships such as with boutique Yext (in November 2018) focus on their AI ready data structure for client prospecting; read more here.

– The SEC and their AI and digital innovation efforts: in June 2018, the SEC appointed Valerie Szpzepanik senior advisor for digital assets and innovation; she also heads up the new FinHub, set up in October 2018, a center for innovation and financial technology; read more here.

– Apple moving AI front and center and to the executive team: John Giannandrea, brought in earlier this year from Google as SVP for ML and AI Strategy, was named to Apple‘s executive team, emphasizing the importance of AI for Apple‘s future; he leads tools including Siri, Core ML and Create ML; read more here.

– Amazon, Google, IBM monitor your emotional state: Alexa now uses transfer- and self-learning to improve on its own; the tech giants are also patenting tech to monitor your emotional state; Apple filed a patent for Alexa tech to monitor emotions through the pitch and volume of speech; Google has one that provides help information based on emotion detection; and IBM is working on web search based on emotional state; read more here.

Coming next week… UniCredit invests in an AI startup to revolutionize its syndicated loan offerings; the US Department of Defense‘s Defense Digital Service and how they are approaching AI for warfare; and more…

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Written by

Daniel Enskat

Daniel has written over a dozen books on the global asset management industry and has lectured at universities around the world alongside speakers such as Secretary of State John Kerry, Dr. Mark Mobius, ex-Fed Chairman Alan Greenspan, Professor KC Chan and former Prime Minister Gerhard Schroeder.

He is widely sought after for presentations, discussions and his perspective on the global asset management industry, and in the last two decades has advised hundreds of investment management CEOs on strategy and global expansion.

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