Industry News

Industry News

Lane discipline when teaching cars to drive (Udacity), HSBC predicts top future banking jobs, Apple’s Carlos Guestrin cautions data scientists on the risks of inherent bias within big data, Can AI help with health care, China’s camera give us a view of a potential dystopian future, Can you write an IoT trading model using CloudQuant, When AI is not AI, Google’s amazing DeepMind becomes a better than human player at an astonishing rate.

AI & Machine Learning News. 09, July 2018

Teaching Cars To Drive — Highway Path Planning – Udacity – C++

Term 3 of the Udacity Self-Driving Car Engineer Nanodegree. C++
Planning a path that is both safe and efficient is one of the hardest problems in the development of an autonomous vehicle. In fact, this step, known as Path Planning, is still an active area of research. The reason why Path Planning is such a complex task is because it involves all components of a self-driving vehicle, ranging from the low level actuators, the sensors which are fused to create a “snapshot” of the world, along with the localization and prediction modules to understand precisely where we are and what actions different entities in our world (other vehicles, humans, animals, etc) are more likely to take in the next few seconds. One other obvious component is a trajectory generator that can compute candidate trajectories to be evaluated by the planner.
2018-07-08 07:40:50.206000+00:00 Read the full story.
CloudQuant Thoughts… These online courses are getting better and better all the time. Who would have thought that one could “learn to program a car to drive to drive itself”, let alone learn how to do it “online.

Artificial Intelligence choosing the best bits from Wimbledon

A Watson powered artificial intelligence system is monitoring emotional outburst from top tennis players at Wimbledon to help it decide which clips make it into highlights packages.
2018-07-05 00:00:00 Read the full story.
CloudQuant Thoughts… Two thoughts for this one… 1) How much did this cost and b) Is significantly better than these 22 lines of python code?
“Bigger isn’t always better” is a lesson I thought IBM had learned long ago.

HSBC Predicts Six Future Banking Jobs

HSBC predicts surprising banking jobs of the future, including ‘Mixed Reality Experience Designer’ and ‘Algorithm Mechanic’
Bank currently recruiting more than 1,000 roles to support its digital evolution globally
A new report offers a glimpse into the future of a career in banking, predicting six surprising new types of jobs and how the digital revolution will evolve the role of people in the workforce.
2018-07-06 Read the full story (MarketsMedia).
2018-07-06 Read the full story (FinExtra).
CloudQuant Thoughts… And they are all AI/ML/Data Scientist jobs at their heart with a few extra skills tacked on the side!

Apple’s Carlos Guestrin cautions AI leaders to think very carefully about how they use their data

The rise of machine learning has been one of the most exciting developments in modern technology, but according to Carlos Guestrin, one of the oldest principles of computing still applies: garbage in, garbage out.

2018-07-02 15:00:42-07:00 Read the full story.
CloudQuant Thoughts… If you watch no other part watch the Magic Sudoku Solver demonstration using AR /AI /ML.

Artificial Intelligence And Machine Learning In Medicine: Hope Or Hype?

Applications of artificial intelligence and machine learning to health care and research have been exploding over the last year—and sometimes backfiring, as researchers negotiate the learning curve. There is great hope, however, that these technologies will reduce drug discovery times and ultimately enable precision medicine. Is a computational approach the awaited disruption that will speed time and lower costs of research and development? Or will human biology outsmart our best efforts to decode it algorithmically?
2018-07-07 15:59:21-04:00 Read the full story.
CloudQuant Thoughts… This is a very entertaining post for two reasons.. 1) The panel conversation is very interesting. What is Watson good at? Taking in large amounts of data and working out the patterns that are easily discernable. Why may Watson struggle with medical applications? Because there is no encyclopedia, we don’t know what causes most medical diseases. 2) The obviously machine-generated transcript of the start of the presentation includes the fabulous line “So when people think about Johnson Johnson they think of them people think about baby capful spurts of Cool J has.” (The actual line was.. “So, when people think about Johnson’n’Johnson they think about baby care products but of course J&J has…..”. I guess we are not quite there yet!

Inside China’s Dystopian Dreams: A.I., Shame and Lots of Cameras

In the Chinese city of Zhengzhou, a police officer wearing facial recognition glasses spotted a heroin smuggler at a train station. In Qingdao, a city famous for its German colonial heritage, cameras powered by artificial intelligence helped the police snatch two dozen criminal suspects in the midst of a big annual beer festival. In Wuhu, a fugitive murder suspect was identified by a camera as he bought food from a street vendor.
With millions of cameras and billions of lines of code, China is building a high-tech authoritarian future. Beijing is embracing technologies like facial recognition and artificial intelligence to identify and track 1.4 billion people. It wants to assemble a vast and unprecedented national surveillance system, with crucial help from its thriving technology industry.
2018-07-08 00:00:00 Read the full story.
CloudQuant Thoughts… This is the dystopian future playing out in front of us. You cannot move without the state watching you. I’m freaked out when my Nest controller knows that I am walking up to it!

Sonos, Like Fitbit Before it, Is Going Public Just as Competition Heats Up

If the smart speaker market looks much the same in three years’ time as it does today, Sonos should be in good shape.
But that’s hardly a given, of course. And the numbers just shared in the connected audio hardware maker’s IPO filing suggest it has a limited margin of error as tech giants continue launching rival products.
2018-07-07 09:00:00-04:00 Read the full story.
CloudQuant Thoughts… Is IoT the next industry to bubble its way to the top, why not create your own list of IoT firms and backtest them on to see how they have performed.

The rise of ‘pseudo-AI’: how tech firms quietly use humans to do bots’ work

It’s hard to build a service powered by artificial intelligence. So hard, in fact, that some startups have worked out it’s cheaper and easier to get humans to behave like robots than it is to get machines to behave like humans. “Using a human to do the job lets you skip over a load of technical and business development challenges. It doesn’t scale, obviously, but it allows you to build something and skip the hard part early on,” said Gregory Koberger, CEO of ReadMe, who says he has come across a lot of “pseudo-AIs. It’s essentially prototyping the AI with human beings”.
This practice was brought to the fore this week in a Wall Street Journal article highlighting the hundreds of third-party app developers that Google allows to access people’s inboxes. In the case of the San Jose-based company Edison Software, artificial intelligence engineers went through the personal email messages of hundreds of users – with their identities redacted – to improve a “smart replies” feature.
2018-07-06 00:00:00 Read the full story.
CloudQuant Thoughts… Sometimes, as shown in the PBS NOVA Rise of the Robots program, you have a step in a process that is just beyond the capabilities of the current technology. In that instance, you make it an outside step. It helps you to define where you fall short and then take chunks out of just that part of the problem.

Google’s DeepMind taught AI teamwork by playing Quake III Arena

Google’s DeepMind today shared the results of research and experiments in which multiple AI systems were trained to play Capture the Flag on Quake III Arena, a multiplayer first-person shooter game. An AI trained in the process is now better than most human players in the game, regardless of whether it’s playing with a human or machine teammate.
The AI, named For the Win (FTW), played nearly 450,000 games of Quake III Arena to gain its dominance over human players and establish its understanding of how to effectively work with other machines and humans. DeepMind refers to the practice of training multiple independently operating agents to take collective action as multi-agent learning.
2018-07-04 00:00:00 Read the full story.

CloudQuant Thoughts… The rate of improvement shown in this video is simply staggering.

Data Privacy, Women in Data Science with Carla Gentry – Podcast

Carla Gentry is one of most popular social media influencers in the data science field. She has over 300,000 followers on LinkedIn and 48k followers on Twitter. Her experience in this field is unparalleled and we are grateful for leaders like her who consistently give back to the community.
2018-07-09 08:17:56+05:30 Read the full story.
CloudQuant Thoughts: “Her advice to aspiring female data scientists was to the point – stand your ground, be confident in yourself, find mentors, keep going and keep learning. You will find the perfect fit for you as long as you continue to believe in yourself and your abilities.” Spot on! We completely agree and want to see more women in Data Science and Algorithmic Development.

Below the fold…

User experience enhanced by artificial intelligence

I had a couple of good user experiences over the past couple of days, they may seem like small beer to some people but to me they point to a bright future… One was I wrote an email in Gmail that mentioned “… I have attached a PDF with the latest summary…”. I then hit send but forgot to attach the PDF. The response from Gmail was to prompt me to attach the PDF. This may seem trivial but it saved the recipient from having to write asking for the PDF and then saved me having to write another mail with the PDF attached.
The second good UX experience was, I traveled in Spain last week and used a Monzo debit card as it saves on fees and offers a good exchange rate. Looking at the Monzo app this morning it has a message saying “Your trip to Spain – you spent £475.69 over 5 days”.
2018-07-09 11:13:35 Read the full story.

Smart Future of Commuting

It’s now time for commuter transport to be revolutionised by technology! Afterall, pretty much everyone nowadays is mobile-savvy. Most people are constantly connected to their smartphones which are embedded with all of the necessary software for location tracking, GPS, bluetooth, voice control and more.
So, here’s a glimpse into the smart future of commuting. And the best thing, it’s all entirely possible now. “Alexa, how’s my commute today?”
2018-07-05 09:18:13 Read the full story.

The Six Sister Cities of Silicon Valley

Silicon Valley has achieved an almost mythical status in both modern American popular culture as well as the annals of world economic history. Located south of San Francisco, the name “Silicon Valley” was coined in the early 1970s due to the volume of silicon chip innovators and manufacturers in the area. Today, the valley is synonymous with technology innovation and venture capital: two mighty forces of change.
The great majority of American economic growth over the past 5 decades has been as a direct or indirect result of an omnipresent technology explosion. However, the over-simplification of Silicon Valley as a physical location belies a misunderstanding of the depth and breadth of contributions to this magnificent and ubiquitous technology upheaval. When using the moniker “Silicon Valley,” we should recognize that, as the number of technology centers across the U.S. increases in numbers, we are actually referring to a mindset as much as a place and to an entrepreneurial approach to life as much as a set of adjacent zip codes.

  • Boston, Massachusetts
  • Austin, Texas
  • Huntsville, Alabama
  • Pittsburgh, Pennsylvania
  • Raleigh, Durham, Chapel Hill, North Carolina (RESEARCH TRIANGLE PARK – RPT)
  • Seattle, Washington

2018-07-05 00:00:00 Read the full story.

How Google Brain’s New RNN Analyses And Generates Sketch Drawings

had a stellar improvement in the past few decades. RNN has progressed from just being a possible theoretical concept to a standard element in neural network applications, which are now being used in machine learning areas such as handwriting recognition, language learning, speech recognition among others.
In this article, we will discuss a new type of RNN developed by Google Brain, their artificial intelligence team, which analyses human sketches and presents them on a vector format.
2018-07-09 11:59:05+00:00 Read the full story.

FXCM Algo Summit 2018

Last month, 5 quant trading experts joined FXCM for an educational event in London. Approximately 200 attendees attended lectures and workshops on topics ranging from machine learning to alpha generation to cryptocurrencies. The speakers conducted both interactive workshops and presentations. You can access the recordings of each presentation below.

  • Artificial Intelligence and Algorithmic Trading by Yves Hilpisch
  • How to Create a Quantitative Trading System Based on Various Algos by Stéphane Ifrah
  • Cryptocurrency Workshop by Stephane Ifrah
  • Backtest an EMA Strategy Using REST API by Charles Graves
  • Trading Strategies That Are Designed Not Fitted by Rob Carver
  • Trend-Following Strategies for Tail-Risk Hedging and Alpha Generation by Artur Sepp
  • From Trading Strategy to Industry Professional: How to Break into the Investment Management Business by Andreas Clenow
  • An Interactive Q&A Session on Trading System Design by Rob Carver

2018-07-05 11:56:39+00:00 Read the full story.

Using FPGA superpowers to speed up cloud workloads with InAccel ????

There is nothing new under the Sun, the saying goes, and that also holds true for Field Programmable Gate Arrays. FPGAs though are back with a rage, with major cloud vendors offering FPGA-as-a-service and chip manufacturers renewing their interest in the space. Among other facts, Intel acquired Altera for $16B and is now shipping the new Intel Xeon CPUs with an integrated FPGA.
2018-07-09 11:46:01.448000+00:00 Read the full story.

Baidu Releases New AI Chip In Its Annual Event ‘Create 2018’

China’s largest internet search giant Baidu released a new AI chip called ‘Kunlun’ in its second annual developer conference Baidu Create 2018. This marks the company’s latest venture into AI on top of FPGAs, cameras and other related technologies. With the chip, Baidu aims to provides an exclusive hardware for machine learning applications.
2018-07-05 11:10:15+00:00 Read the full story.

RPA Company Automation Anywhere Raises $250 Million In Series A Funding

Automation Anywhere, a noted company in the robotic process automation (RPA) field announced that they had completed their Series A financing round of $250 million led by New Enterprise Associates, Goldman Sachs Growth Equity; with participation from General Atlantic and World Innovation Lab. This investment has brought the company’s post-money valuation to $1.8 billion.
2018-07-04 06:45:51+00:00 Read the full story.

AI in digital banking sales: win the 200 billion dollar race

Currently, front office is king in Banking AI applications, according to the findings of a recent survey of the 30 of the world’s biggest banks by the Financial Times. Some 17 of the 18 banks that provided detailed answers are already using AI in front office, ranging from Citi’s Facebook messenger chatbot to UBS’s use of Amazon’s virtual assistant Alexa for customer service. Front office is also where banks see the biggest potential for AI-related savings. But the survey results also show that broad is best: eight banks are using AI in front office, middle office, back office and data analytics. The other 10 are using it in three of the four areas.
2018-07-09 09:46:18 Read the full story.

Udacity Or Coursera: Which MOOC Is The Best For Artificial Intelligence And Machine Learning Upskilling?

It is a question that rankles every data science and machine learning enthusiast who wants to upskill and take up MOOC specialisations to land a data science job. Most self-taught machine learning and data science practitioners have to tread the self-learning path with a bunch of online courses, especially through Coursera and Udacity Nanodegree programme. These courses also serve as preparatory material for graduate courses.
While there is no definite consensus on which course is better, it all depends on individual goals and whether students are geared towards a theoretical learning environment or prefer a more job-oriented, hands-on approach. Most of the time, learners fall back on ratings and reviews to gauge the effectiveness of the program and whether it is worth the ROI. Both the platforms are helmed by industry stalwarts – Udacity was founded by Google X founder and ex-Stanford professor Sebastian Thrun, and Coursera is helmed by Andrew Ng.
2018-07-03 11:18:28+00:00 Read the full story.

Goldman Sachs once again changes its World Cup predictions — and is now forecasting a Belgium-England final

Goldman Sachs has changed it’s mind about the World Cup final – again.
“With Brazil now out of the World Cup, Belgium is at the top of our probability table,” Goldman’s analysts wrote. Belgium beat Brazil 2-1 in Sochi on Friday night, and are now the most likely team to take home the trophy, with a 32.6% chance of winning, according to Goldman.
2018-07-09 12:16:44+00:00 Read the full story.

How uses cloud data to drive global good with Azure

In the late 90’s, 12-year-old Craig Kielburger knew he wanted to change the world.
Craig saw things he knew weren’t right —abuse, inequality, and cynicism—and decided to make a difference. That compassion grew, and today, Craig and his brother Marc’s nonprofit organization, WE, is dedicated to “making doing good, do-able.” Although its offices are based primarily in North America and the United Kingdom, WE’s efforts and impacts have a global rea…
2018-07-06 15:18:00+00:00 Read the full story.

How tech companies are successfully disrupting terrorist social media activity

One difficulty the social media companies face is that, if a terrorist group is blocked from one platform, it might simply move to a different one. In response to this, GIFCT members have created a shared industry database of “hashes”. A hash is a unique digital fingerprint that can be used to track digital activity. When pro-terrorist content is removed by one GIFCT member, its hash is shared with the other participating companies to enable them to block the content on their own platforms.
2018-07-04 18:30:02+10:00 Read the full story.

Grappling with Google Duplex: What happens when our AI assistants suddenly seem more human

When I first saw Google’s new Duplex technology, it was simultaneously thrilling and horrifying. It’s the kind of technological evolution that you initially see as furthering humanity and having the potential to spawn countless business opportunities.
However, as its potential sinks in, you get a creepy vibe as you realize how bad actors might exploit it with malicious intent. As it turns out, what Google Duplex will do may not be quite as promising and scary as its first demo suggested. Nonetheless, this article will explore four privacy and security concerns we should consider as future AI-based personal assistants continue to advance.
2018-07-06 19:30:11-07:00 Read the full story.

Customizing Plots with Python Matplotlib – Towards Data Science

A central part of Data Science and Data Analysis is how you visualize the data. How you make use of visualizations tools has an important role in defining how you communicate insights.
In this article, I want to walk you through my framework for going from visualizing raw data to having a beautiful plot that is not just eye-catching but emphases the core insights you want to convey.
2018-07-09 01:35:35.627000+00:00 Read the full story.

Do match-days boost the FIFA World Cup song? – Towards Data Science

Music is something that is part of football’s culture. Official FIFA and local theme songs unite the armies behind all the countries that participate in this year’s World Cup. Aside from enhancing the atmosphere during the game, the event gives artists exceptional world coverage and notoriety. We can all remember hits like Shakira’s “Waka Waka” and Pitbull’s “We Are One”, though these were released respectively 8 and 4 years ago.
Because of the enormous reach the event has and music being unifying amongst supporters I wanted to know if we can track down the results of this World Cup’s anthem and see if these would increase on game days — and if this would be the case, does this differ per country?
2018-07-08 18:33:05.234000+00:00 Read the full story.

Modern Business Intelligence: Leading the Way for Big Data Success

Due to the escalating growth in unstructured data creation, many enterprises are realizing traditional approaches to data management are not enough. As a result, these organizations are exploring options such as looking to data scientists to complement the tasks traditionally assigned to business analysts.
This book will look closely at the emerging trends in big data and the pressing need for analytics solutions that emphasize more user-friendly approaches, such as more sophisticated visualization techniques. There are significant changes brewing that can potentially and irreversibly disrupt the traditional analytics.
2018-07-06 00:00:00 Read the full story.

Treating fraudsters to a taste of AI medicine

Fraud is an issue that remains constant in the financial services sector. It creates trust problems between consumers and FIs, it can discourage consumer uptake of new services and it’s expensive for everyone involved.
Over £1bn has been stolen from bank customers through credit and debit card fraud in the past 12 months and one in 10 people in the UK have cancelled their credit or debit card in the past year because of attempted fraud.
Such is the potential of AI that companies such as MasterCard and Worldpay have already started using AI to detect fraudulent transaction patterns and prevent card fraud. PayPal has joined their ranks too, with the online provider using its home-grown artificial intelligence engine to detect suspicious activity, and more importantly to separate false alarms from true fraud.
2018-07-05 14:10:45 Read the full story.

Infographic : Robots, Disease And Sea Levels

A new strain of flu could crop up at any time and decimate the global population. Climate change could make our planet unlivable. Robots of our design rise up and turn against us. While these ideas may seem far-fetched, considering humanity’s potential end will help us prevent it, or at least be prepared.
Whether we reach our end in the next pandemic flu or are lost to automated weapons of our own design, humanity’s future could be bleak. To learn more about humanity’s ominous future, check out this infographic.
2018-07-08 17:08:21-04:00 Read the full story.

Apple’s Shortcuts will flip the switch on Siri’s potential

Apple’s strengths have always been the device ecosystem and the apps that run on them. With Shortcuts, both play a major role in how Siri will prove to be a truly useful assistant and not just a digital voice to talk to.
2018-07-08 00:00:00 Read the full story.

Facial Recognition Shows Promise as Next Step in Corporate Security

Two minutes after the glass door of the Capital Gazette newspaper in Annapolis, Maryland, was blasted by a shotgun round, and five newspaper employees were killed, police had the alleged shooter in custody.
But they had a problem when they took him in for questioning. He had no identification, he would not talk to police and his fingerprints returned no results from any database.
Police were stumped, but then investigators thought to put the mystery gunman’s photo into the state’s new facial recognition system. In a matter of minutes, the alleged shooter was identified as Jarrod Ramos, a man who had previously sued the paper for its coverage of his arrest and conviction on stalking charges a few years earlier.
2018-07-06 00:00:00 Read the full story.

UBS puts digital clone of chief investment officer in branch

UBS has teamed up with IBM and avatar biometrics outfit FaceMe to build two “animated digital assistants”, which will now be tested over three months.
The first, dubbed Fin, is a non-human looking figure that will appear on screens and talk, in German, to clients that visit the branch, helping them to solve basic issues such as updating a new credit card or billing address, on the spot.
The second, is Daniel Kalt, named after the regional chief investment officer, Switzerland at UBS Global Wealth Management. Kalt was photogrammetrically captured using more than 100 digital SLR cameras in a special lighting setup to build an accurate avatar.
2018-07-04 14:28:00 Read the full story.
See the video at UBS’s own site.

BofA Merrill introduces biometric log-ins for corporate mobile users

Bank of America Merrill Lynch has added fingerprint and facial recognition technology alongside an embedded token to enable quick access to payment approvals for corporate users of its CashPro mobile application. With CashPro Mobile’s integrated token feature, users no longer have to jump between the mobile app or token app or carry their physical token. The secure biometric authentication simplifies log-ins while providing stronger security than passwords provide today.
The app currently has more than 475,000 active users among the bank’s commercial, large corporate, and business banking clients and its popularity among users is growing.
2018-07-02 15:53:00 Read the full story.

Tech company develops algorithm to greenlight movie scripts

Hollywood’s movie industry could gain another cog in the machine, if one tech company has anything to do with it.
US startup ScriptBook hopes to change the way films get greenlit – or approved for production – by removing the human decision-making from the process altogether. Nadira Azermai, who founded ScriptBook, sees her company as a possible solution to the nosediving profits besieging Hollywood. ScriptBook uses artificial intelligence to algorithmically decide which screenplays to pursue and which to reject in order to make the most profit and even achieve awards success.
Presenting ScriptBook at the Karlovy Vary Intl. Film Festival, Azermai said that when analysing the screenplays for Sony’s releases between 2015 and 2017, it correctly spotted 22 of the 32 movies that were box-office failures from a total of 62 movies. Or, as Azermai summed it up according to a report in Variety: “If Sony had used our system they could have eliminated 22 movies that failed financially.”
2018-07-06 00:00:00 Read the full story.

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