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18 Enlightening Fintech Demos from In Vest 2019 - Wealth Management Today
"A picture is worth a thousand words. An interface is worth a thousand pictures." If an interface is worth 1,000 pictures, then the eighteen product demos we were treated to at the InVest 2019 Conference, which was held at the New York Marriot Marquis, were worth 18,000 pictures, which would be worth a total of 18,000,000 words! But you don't have to read 18,000,000 words to catch up on all of the demos. We got a quick review right here! I really like the demo format that Invest uses with their illustrious panel of industry veterans acting as judges. After each demo, the judges provide feedback on what they saw, what they liked and even what they didn't like. This information is valuable to the audience since it gives them an instant analysis of what was just presented.
Would You Accept Being Judged by AI in a Court of Law?
In spite of incidents of inaccuracy and bias, agencies like Artificial Intelligence (AI) court judges are starting to get accepted. However, AI has a lot to learn before we allow it to judge our moral behavior. Ganes Kesari, Co-Founder and Head of Analytics at Gramener, tells The Sociable that right now AI is not ready to take decisions on cases, and even in the future, it would be better off in the court in an assistant's role. AI needs to acquire skills in'understanding' context and interpreting scenarios "Today, AI is more suited to play the role of a judicial assistant than that of a criminal judge. It is smart at processing details, summarizing cases and looking up references. It is not ready to take decisions on cases just as yet," he says.
Reimagining the enterprise with intelligent automation
In May 2019 Deloitte surveyed 523 executives in a range of industries in 26 countries across Africa, the Americas, Asia and Europe on their intelligent automation strategies and the impact on their workforces. The analysis reveals that these organisations are not only continuing to use robotic process automation (RPA) but are moving beyond it by increasing deployment of intelligent automation. Fifty-eight per cent of surveyed executives report they have started their automation journey. Of these, 38 per cent are piloting (1-10 automations), 12 per cent implementing (11-50 automations) and eight per cent automating at scale (51 automations) โ twice as many as in 2018. Organisations believe they can transform their business processes, achieving higher speed and accuracy by automating decisions on the basis of structured and unstructured inputs. They expect an average payback period of 15 months โ and in the scaling phase just nine months.
AI reading the Human
Actual discussion are around the possibilities and ethical concerns of facial recognition. Artificial Intelligence does not have limit itself to the face, but analyze the whole person. In a around 15 minutes long video the former FBI agent Joe Navarro explains body language and how to read it. If both are aligned, the communicator gets perceived as a trusted source. In the case that both contradict each other, receivers are in doubt, and often interpret the observed gestures as more relevant than the listened words.
Taylor Swift threatened Microsoft with legal action over its racist Tay chatbot
Taylor Swift's lawyers threatened to sue Microsoft over the company's Tay chatbot. The Guardian reports that a new book by Microsoft president Brad Smith reveals lawyers for Taylor Swift weren't happy with the company using the name Tay for its chatbot. Microsoft's chatbot was originally designed to hold conversations with teenagers over social media networks, but Twitter users turned it into a racist chatbot in less than a day. Smith checked his emails during a vacation and found out that Taylor Swift's team was demanding a name change for the Tay chatbot. "An email had just arrived from a Beverly Hills lawyer who introduced himself by telling me: 'We represent Taylor Swift, on whose behalf this is directed to you.'"
Empathy, Inc. is a virtual reality thriller for an age of tech cynicism
Here's a science fiction premise you've probably heard before: a person encounters a shadowy company that sells hyper-realistic virtual experiences. They're put into an incredibly vivid simulated reality through some kind of brainwave helmet or injected drug. Then something goes wrong and the protagonist discovers -- say it with me now -- that the experience isn't virtual at all. The new film Empathy, Inc. is nominally one of these stories. Written by author Mark Leidner and directed by Yedidya Gorsetman, the film premiered at the Cinepocalypse festival in 2018, and it's getting a wider theatrical release this week.
Stocks Under 5 Dollars Based on Artificial Intelligence: Returns up to 80.0% in 3 Days
This stock forecast is part of the Stocks Under 5 Dollars Package, as one of I Know First's algorithmic trading tools. Package Name: Stocks Under $5 Recommended Positions: Long Forecast Length: 3 Days (9/6/2019 โ 9/10/2019) I Know First Average: 17.14% PIR was our best stock pick this week a return of 80.0%. MDR and FET also performed well for this time horizon with returns of 25.41% and 23.68%, respectively. The package had an overall average return of 17.14%, providing investors with a 17.03% premium over the S&P 500's return of 0.11% during the period. Pier 1 Imports, Inc. (PIR) engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products.
Facebook, Microsoft launch contest to detect deepfake videos - Reuters
The social media giant is putting $10 million into the "Deepfake Detection Challenge," which aims to spur detection research. As part of the project, Facebook is commissioning researchers to produce realistic deepfakes to create a data set for testing detection tools. The company said the videos, which will be released in December, will feature paid actors and that no user data would be utilized. In the run-up to the U.S. presidential election in November 2020, social platforms have been under pressure to tackle the threat of deepfakes, which use artificial intelligence to create hyper-realistic videos where a person appears to say or do something they did not. While there has not been a well-crafted deepfake video with major political consequences in the United States, the potential for manipulated video to cause turmoil was recently demonstrated by a "cheapfake" clip of House Speaker Nancy Pelosi, manually slowed down to make her speech seem slurred.
AI spend in Europe to hit $21bn in 2023 - Supply Management
European spending on artificial intelligence (AI) is estimated to reach more than $7bn in 2019 and to almost triple over the next four years, according to market intelligence firm IDC. The latest IDC Worldwide Semiannual Artificial Intelligence Spending Guide forecasts AI spending to grow at 32% per year, topping $21bn in Europe in 2023. Industries with the highest AI spend will be banking, retail, and discrete manufacturing, accounting for 39% of total spending. The report found that healthcare remains an attractive market for AI. Many hospitals are piloting projects and are increasing investments in AI-enabled diagnosis and treatment systems which will support a 38% increase in spending across the health sector over the next five years.
Cannabis And Artificial Intelligence Are Natural Partners
Artificial Intelligence (AI) and cannabis: What has one got to do with the other? The answer is, "A lot," according to Michael Yorke, President and CEO of CROP Infrastructure Corporation based in Vancouver, Canada. CROP provides financing for cannabis growing land expansion and other needed services. It also provides turnkey greenhouse facilities, special growing and processing equipment and access to approved nutrients for select licensed cannabis producers in legal growing regions in Canada. "The use of AI in sensors and high-definition cameras can be used to keep track of and adjust multiple inputs in the growing environment such as water level, PH level, temperature, humidity, nutrient feed, light spectrum and CO2 levels," Yorke said.