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Pension Systems' Costs Are Higher Than Reported, Panel Told

U.S. News

The Public School Employees' Retirement System says it's cooperating with requests for documents. Both it and the State Employees' Retirement System say they are working to expand their reporting of what they pay to private equity managers.


Solving Random Quadratic Systems of Equations Is Nearly as Easy as Solving Linear Systems

Neural Information Processing Systems

We prove that it is possible to solve unstructured quadratic systems in n variables exactly from O(n) equations in linear time, that is, in time proportional to reading and evaluating the data. This is accomplished by a novel procedure, which starting from an initial guess given by a spectral initialization procedure, attempts to minimize a non-convex objective. The proposed algorithm distinguishes from prior approaches by regularizing the initialization and descent procedures in an adaptive fashion, which discard terms bearing too much influence on the initial estimate or search directions. These careful selection rules---which effectively serve as a variance reduction scheme---provide a tighter initial guess, more robust descent directions, and thus enhanced practical performance. Further, this procedure also achieves a near-optimal statistical accuracy in the presence of noise.


Here's When Fortnite's Refund System Returns To The Game And How It Works

Forbes - Tech

The self-service cosmetic V-Bucks refund system is returning to Fortnite by June 1st. Epic Games implemented a cosmetic refund system earlier this year and then quickly removed it from the game. That system is now returning according to emails players are receiving from Epic Games. The new self-service cosmetic refund system will return by June 1st according to these emails. It will allow customers to get refunded V-Bucks (not real money) on up to three cosmetic items total per account.


The Challenges of Real-Time AI

AITopics Original Links

The research agendas of artificial intelligence and real-time systems are converging as AI methods move toward domains that require real-time responses, and real-time systems move toward complex applications that require intelligent behavior. They meet at the crossroads in an exciting new subfield commonly called "real-time AI." This subfield is still being defined, and the precise goals for various real-time AI systems are in flux. Traditionally, AI systems have been developed without much attention to the resource limitations that motivate real-time systems researchers. However, as these AI systems move from the research labs into real-world applications, they also become subject to the time constraints of the environments in which they operate.


Brazil's President Says Pension Reform Will Only Apply to Federal System

U.S. News

In an apparent attempt to dilute an unpopular reform that is already provoking opposition, Temer said planned changes would only apply to those included in the federal pension system. He said that many state governments were already adjusting their own pension systems or were planning to do so.