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Forecasting Electricity Prices

arXiv.org Machine Learning

Forecasting electricity prices is a challenging task and an active area of research since the 1990s and the deregulation of the traditionally monopolistic and government-controlled power sectors. Although it aims at predicting both spot and forward prices, the vast majority of research is focused on short-term horizons which exhibit dynamics unlike in any other market. The reason is that power system stability calls for a constant balance between production and consumption, while being weather (both demand and supply) and business activity (demand only) dependent. The recent market innovations do not help in this respect. The rapid expansion of intermittent renewable energy sources is not offset by the costly increase of electricity storage capacities and modernization of the grid infrastructure. On the methodological side, this leads to three visible trends in electricity price forecasting research as of 2022. Firstly, there is a slow, but more noticeable with every year, tendency to consider not only point but also probabilistic (interval, density) or even path (also called ensemble) forecasts. Secondly, there is a clear shift from the relatively parsimonious econometric (or statistical) models towards more complex and harder to comprehend, but more versatile and eventually more accurate statistical/machine learning approaches. Thirdly, statistical error measures are nowadays regarded as only the first evaluation step. Since they may not necessarily reflect the economic value of reducing prediction errors, more and more often, they are complemented by case studies comparing profits from scheduling or trading strategies based on price forecasts obtained from different models.


AI-Assisted Authentication: State of the Art, Taxonomy and Future Roadmap

arXiv.org Artificial Intelligence

Abstract--Artificial Intelligence (AI) has found its applications in a variety of environments ranging from data science to cybersecurity. AI helps break through the limitations of traditional algorithms and provides more efficient and flexible methods for solving problems. In this paper, we focus on the applications of artificial intelligence in authentication, which is used in a wide range of scenarios including facial recognition to access buildings, keystroke dynamics to unlock smartphones. With the emerging AI-assisted authentication schemes, our comprehensive survey provides an overall understanding on a high level, which paves the way for future research in this area. In contrast to other relevant surveys, our research is the first of its kind to focus on the roles of AI in authentication. Learning and neural networks are The traditional password-based authentication method has two main mechanisms used in AI. Learning is the process of slowly faded out due to its inadequate ...


This is how we can double food production by 2050

#artificialintelligence

It's a collision course: We'll need to feed another 2 billion people by mid-century, even as climate change threatens our ability to produce food. Georgia, Florida and other Southeastern states must play a central role if we're to feed the world and simultaneously protect the planet. If we fail to rise to this challenge, we risk a multitude of problems driven by hungry people. And a new report released from the UN Intergovernmental Panel on Climate Change only heightens the concern. Our best chance to get off this collision course is through innovation.


World's first VERTIPORT opens in Coventry: Air-One will serve as a hub for drones and flying taxis

Daily Mail - Science & tech

From Harry Potter to The Jetsons, flying cars have been staple features of science fiction blockbusters for years. And with the futuristic vehicles rapidly getting closer to becoming a reality, the world's first vertiport has opened this week. The Air-One vertiport is located in Coventry and will be a hub for drones and electric vertical take-off and landing (eVTOL) aircrafts, including flying cars and taxis. The site will serve as a blueprint for more than 200 vertiports planned worldwide over the next five years, according to Urban-Air Port, the UK-based developer of Air-One. 'The opening of Air-One is a momentous moment – the starting gun for a new age of transport, an age of zero-emission, congestion-free travel between and within cities that will make people healthier, happier and more connected than ever before,' said Ricky Sandhu, Founder and Executive Chairman of Urban-Air Port.


Thought Leaders in Artificial Intelligence: Danny Tomsett, CEO of UneeQ (Part 1)

#artificialintelligence

This is an exciting conversation on cutting-edge Digital Human technology and its applications. Very cool stuff! Sramana Mitra: Let's start by introducing our audience to yourself as well as to the company. Danny Tomsett: I'm the CEO and Founder of a fantastic Digital Human company called UneeQ Digital Humans. Digital Humans hasn't been a common part of our lives until 2016. Even then, it's been an emerging technology. We've led the way in the global market. The company started in 2010 not with Digital Humans but with a focus on how we create better emotional connection value through digital channels. It became very clear to us that over the last 10 years, we were getting increasingly good at taking the human out of the process. The problem was that we were taking the human out of the process. You have all these organizations with fantastic people and human skills creating amazing brand experience and customer experience, and replacing that with self-service forms and


Complete Machine Learning & Data Science Bootcamp 2022

#artificialintelligence

This is a brand new Machine Learning and Data Science course just launched and updated this month with the latest trends and skills for 2021! Become a complete Data Scientist and Machine Learning engineer! Join a live online community of 400,000 engineers and a course taught by industry experts that have actually worked for large companies in places like Silicon Valley and Toronto. Graduates of Andrei's courses are now working at Google, Tesla, Amazon, Apple, IBM, JP Morgan, Facebook, other top tech companies. You will go from zero to mastery!


A New Vision of Artificial Intelligence for the People

#artificialintelligence

In the back room of an old and graying building in the northernmost region of New Zealand, one of the most advanced computers for artificial intelligence is helping to redefine the technology's future. Te Hiku Media, a nonprofit Māori radio station run by life partners Peter-Lucas Jones and Keoni Mahelona, bought the machine at a 50% discount to train its own algorithms for natural-language processing. Mahelona, a native Hawaiian who settled in New Zealand after falling in love with the country, chuckles at the irony of the situation. "The computer is just sitting on a rack in Kaitaia, of all places--a derelict rural town with high poverty and a large Indigenous population. I guess we're a bit under the radar," he says. As a nonprofit journalism organization, we depend on your support to fund coverage of Indigenous issues and communities. Donate any amount today to become a Pulitzer Center Champion and receive exclusive benefits!


Staff, Data Engineer

#artificialintelligence

Twilio powers real-time business communications and data solutions that help companies and developers worldwide build better applications and customer experiences. Although we're headquartered in San Francisco, we have a presence throughout South America, Europe, Asia, and Australia. We're on a journey to becoming a globally anti-racist, anti-oppressive, anti-bias company that actively opposes racism and all forms of oppression and bias. At Twilio, we support diversity, equity & inclusion wherever we do business. We employ thousands of Twilions worldwide, and we're looking for more builders, creators, and visionaries to help fuel our growth momentum.


Why We Should Remember Alan Turing As A Philosopher - AI Summary

#artificialintelligence

But in June 1945, just weeks after Germany had surrendered, Turing was hired by the UK's National Physical Laboratory to lead the development of an electronic version of his universal computing machine. I have spent a considerable time in this lecture on this question of memory, because I believe that the provision of proper storage is the key to the problem of the digital computer, and certainly if they are to be persuaded to show any sort of genuine intelligence. The philosopher Jack Copeland, director of the Turing Archive for the History of Computing in New Zealand, has described this paper as the first manifesto of AI, and that seems accurate as far as our present historical knowledge goes. For example, there survive minutes from an October 1949 philosophy seminar discussion between Turing, Newman, the neurosurgeon Geoffrey Jefferson and Michael Polanyi, who was then professor of social science at Manchester, on'the mind and the computing machine'. The first is a brief lecture entitled'Intelligent Machinery, A Heretical Theory', probably first broadcast in 1951, in which his stated objective is to question the commonly held belief'You cannot make a machine to think for you' by explaining, and reflecting on, the technique of reinforcement learning.


Software Engineer (Machine Learning)

#artificialintelligence

Affirm is reinventing credit to make it more honest and friendly, giving consumers the flexibility to buy now and pay later without any hidden fees or compounding interest. Affirm, Inc. proudly includes Affirm, PayBright, and Returnly. We've opened an office in Poland with a goal to hire a substantial team of talented engineers within the first year. Machine learning is a critical tool in this effort! As a member of the software engineering team, you will design, build, optimize, and support machine learning systems both offline and real time.