Industry News

Industry News

Quantitative Trading and Data Science in the News August 28, 2017, covering crowdsourced quantitative investment, artificial intelligence and more

Quantitative Trading and Artificial Intelligence News Recap: September 11, 2017

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4 Slack bots disrupting the enterprise

Messaging systems will become the central hub for getting work done and for sharing knowledge from a wiki like Memo. In the future, a company’s wiki will always be up-to-date thanks to machine learning and will actually be used by everybody, making you and your team smarter.. 4. Paste by FiftyThree: disrupting the traditional slide deck Tell us what Paste does Paste is a new kind of presentation tool built for Slack. Presentations are long overdue for a rethink. They’re painful to pull together, don’t work well with web content, aren’t mobile friendly, and become instantly stale.

Forward Partners raised £60 million from BlackRock to invest in artificial intelligence

British venture capital firm Forward Partners has raised £60 million from a sole investor – BlackRock – for its second fund. Forward Partners wants to invest in “applied” AI startups, which use artificial intelligence to solve a specific problem, like drug discovery. AI is tech’s hottest investment area right now, with VCs ploughing $5 billion (£3.8 billion) into startups through 2016. Early stage UK venture capital firm Forward Partners has raised £60 million from a single institutional investor, BlackRock, and plans to invest in one of the hottest areas in tech – artificial intelligence (AI). The fund clos…

AI could help reduce bike accidents

… When I found out a company called Tome Software was going to start a trial that uses AI to reduce bike accidents, I took note. This is not a typical use case for AI. Most of the work in machine learning is focused on things like smart home integrations, automated cars, Facebook bots, and apps that make it easier to travel or check the weather forecast. Biking in general is something we take for granted. It’s a leisure activity, but then again, it’s something most of us have done as kids or adults. It’s widespread but a bit overlooked. I like how Tome Software is approaching its research. The c…

How Apple’s market cap could reach $1 trillion

In 11 previous iPhone announcements, Apple shares have climbed a median of nearly 27 percent in the time period between two weeks before each announcement to six months later, according to Kensho, a data analytics tool used by hedge funds. Apple is already the largest market cap stock in the S&P 500 and made up 4.06 percent of the index’s market cap as of Tuesday’s close, according to Howard Silverblatt of S&P Dow Jones Indices. Keeping other things equal, if Apple’s market cap rose to $1 trillion, the stock would be 4.74 percent of the S&P 500’s market cap, Silverblatt said, ranking Apple ninth when…

Uber CEO Dara Khosrowshahi resigns from New York Times board to focus on new responsibilities

… he would resign from the Company’s Board of Directors, effective immediately. Mr. Khosrowshahi had served as a director since 2015, and was a member of the Audit Committee and Technology & Innovation Committee. Khosrowshahi, who spent 12 years leading Bellevue, Wash.-based online travel giant Expedia, was revealed as the choice to take control of Uber on Aug. 27. By Aug. 29, he was emailing his soon-to-be-former employees to tell them it was one of the toughest decisions of his life. An Aug. 30 opinion piece in The Times spelled out what Khosrowshahi must do to save Uber, saying that the …
2017-09-08 21:14:56+00:00

6 ways voice assistants can make life easier for college students

Because voice assistants represent essentially the pinnacle of consumer-grade machine learning, keeping an eye on Siri, Cortana, and Alexa as they evolve should prove fascinating. They’re already changing the way we work and play, including those of us pursuing higher learning. But how? As you’ll see below, Siri seems limited compared with some of the others. It’s true that Apple has so far kept Siri on a short leash — but it’s done in the name of privacy. Most of the other competing pers…

Veezoo to run AI proof-of-concept trial with AXA

Veezoo, a conversational Artificial Intelligence technology that enables users to understand their company’s data, has partnered with AXA Winterthur for a three months Proof of Concept (PoC) beginning July 2017. The PoC will help Veezoo validate its solution for deployment in corporate environments and explore ways of making it possible for employees to access large quantities of complex data in a straightforward way. The partnership will also…

Amazon’s original boomtown: How the tech giant has transformed and outgrown Seattle

… The growth reflects Amazon’s soaring ambitions — expanding beyond its roots in e-commerce and digital reading into cloud computing, logistics, drones, brick-and-mortar retail stores, artificial intelligence and many other parts of the tech world. The company now employs more than 380,000 people around the world (up from less than 20,000 a decade ago) including more than 40,000 in Washington state. Amazon says the new campus, wherever it ends up in North America, will employ up to 50,000 people. All of this started in 2007, when Amazon announced plans to move into a massive 11-building, 1.7 million…

TRADING THE WEEK: Hurricane Effects Weigh on Market

…trader lamented, which also has conspired to depress volumes. William Mingoine, Head of Equities at Drexel Hamilton in New York, told Traders Magazine that as the market has come through almost all corporate earnings his firm believes the market has two strong assertions. “First, the market has been concerned that corporate earnings may have peaked as earnings were very positive and now we have raised expectations on many of the companies which may be hard to attain,” Mingoine began. “Secondly, that North Korea is a real threat that likely will have to be dealt with. So far it looks as if President Trump…