Are you an investor in Chinese technology stocks? Then you know it's been a tough year to stay invested. There is also the potential for a credit crisis as the great wall of "shadow banking" showed some cracks recently with the collapse of a peer-to-peer lending platform. But I try to look longer-term at what extraordinary Chinese companies are doing -- in the largest middle class on the planet --that model the success of great U.S. companies like Amazon (AMZN - Free Report) and Alphabet (GOOGL - Free Report) . The best two examples there would be Alibaba (BABA - Free Report), the "Amazon of China," and Baidu (BIDU - Free Report), the "Google of China."
Equifax Inc. EFX yesterday unveiled Advanced Model Engine, an AI-enabled modular model development and deployment tool. This latest tool utilizes big data and distributed computing for faster construction of models that can be easily deployed with applications across industries and use cases. It enhances model performance using machine learning techniques, alternative and trended data, use case configuration, and processing power to test model configurations. The engine comprises Equifax NeuroDecision Technology -- a machine learning technology for regulatory-compliant, and advanced neural network modeling in credit scoring. It is currently available through Equifax Ignite -- the company's premier data and advanced analytics portfolio.
Move aside traditional bankers, Humanoid Robots are here! As customers embrace new technology, banks are also trying to meet client expectations by digitizing their operations with the help of latest technology including artificial intelligence (AI) and virtual assistance. So, for the first time in the United States, HSBC Holdings HSBC has unveiled seven humanoid robots -- Pepper -- at its flagship Fifth Avenue branch in New York. Developed by SoftBank Robotics Group, the humanoid robots are expected to reduce wait time at branches, assist and encourage customers to use available technical tools and platforms, and make clients aware of HSBC products and services. All these efforts are expected to draw more business.
BlackBerry Limited BB has created Advanced Technology Development Labs (BlackBerry Labs). This is going to be a new business unit operating at the forefront of R&D in the cybersecurity landscape. With this strategic move, the company aims to ensure that its customers are protected across all endpoints and verticals in the IoT. Headed by chief technology officer, BlackBerry Labs will include a team of more than 120 software developers, architects, researchers, product leads and security experts. They will work toward the common goal of identifying, exploring and creating new technologies to ensure that the company is on the cutting edge of security innovation.
Since its invention in 1955, Artificial Intelligence (AI) has constantly been studied by several researchers and many big firms have invested billions each year just to accomplish one goal -simplifying life. This simulation of human intelligence process by machines, especially computer systems is the base of AI. With wide applications that include natural language processing (NLP), speech recognition and machine vision, the field has lot more to provide than just navigating people to their final destination. Today, nearly 40% businesses use AI to run their daily course. A survey by IBM, clearly shows that the scale of AI's existence will grow to 80% to 90% over the next 18-24 months.