Synechron launches AI data science accelerators for FS firms

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These four new solution accelerators help financial services and insurance firms solve complex business challenges by discovering meaningful relationships between events that impact one another (correlation) and cause a future event to happen (causation). Following the success of Synechron's AI Automation Program – Neo, Synechron's AI Data Science experts have developed a powerful set of accelerators that allow financial firms to address business challenges related to investment research generation, predicting the next best action to take with a wealth management client, high-priority customer complaints, and better predicting credit risk related to mortgage lending. The Accelerators combine Natural Language Processing (NLP), Deep Learning algorithms and Data Science to solve the complex business challenges and rely on a powerful Spark and Hadoop platform to ingest and run correlations across massive amounts of data to test hypotheses and predict future outcomes. The Data Science Accelerators are the fifth Accelerator program Synechron has launched in the last two years through its Financial Innovation Labs (FinLabs), which are operating in 11 key global financial markets across North America, Europe, Middle East and APAC; including: New York, Charlotte, Fort Lauderdale, London, Paris, Amsterdam, Serbia, Dubai, Pune, Bangalore and Hyderabad. With this, Synechron's Global Accelerator programs now includes over 50 Accelerators for: Blockchain, AI Automation, InsurTech, RegTech, and AI Data Science and a dedicated team of over 300 employees globally.


Synechron Launches AI Data Science Accelerators for the BFSI sector

#artificialintelligence

Synechron the global financial services consulting and technology services provider, has announced the launch of its AI Data Science Accelerators for Financial Services, Banking and Insurance (BFSI) firms. These four new solution accelerators help financial services and insurance firms solve complex business challenges by discovering meaningful relationships between events that impact one another (correlation) and cause a future event to happen (causation). Following the success of Synechron's AI Automation Program – Neo, Synechron's AI Data Science experts have developed a powerful set of accelerators that allow financial firms to address business challenges related to investment research generation, predicting the next best action to take with a wealth management client, high-priority customer complaints, and better predicting credit risk related to mortgage lending. The Accelerators combine Natural Language Processing (NLP), Deep Learning algorithms and Data Science to solve the complex business challenges and rely on a powerful Spark and Hadoop platform to ingest and run correlations across massive amounts of data to test hypotheses and predict future outcomes. The Data Science Accelerators are the fifth Accelerator program Synechron has launched in the last two years through its Financial Innovation Labs (FinLabs), which are operating in 11 key global financial markets across North America, Europe, Middle East and APAC; including: New York, Charlotte, Fort Lauderdale, London, Paris, Amsterdam, Serbia, Dubai, Pune, Bangalore and Hyderabad.


World's first artificial intelligence university to open in Abu Dhabi

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The UAE is rolling out its biggest effort yet to develop a workforce versed in artificial intelligence, as the rapidly-advancing technology transforms economies worldwide. The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), a new graduate-level AI research university in Abu Dhabi, is accepting applications for its first masters and PhD-level programmes this month, with its first class beginning in September 2020. The institution, the first university to have a singular focus on AI, aims to attract students from around the world to advance the technology and propel the UAE's economic diversification efforts. To compete with more than a hundred graduate-level degree programmes in AI -- mainly in North America, China and the UK -- MBZUAI is offering full scholarships, monthly stipends, health insurance and accommodation to all students. The Mohamed bin Zayed University of Artificial Intelligence is an open invitation from Abu Dhabi to the world to unleash AI's full potential.


SoftBank's Son chases boyhood dreams with $100 billion fund

The Japan Times

When Masayoshi Son was a boy growing up in Kyushu, he kept a notebook to scribble down inventions he hoped to create one day. Today, the SoftBank founder has almost $100 billion to invest in making the next big thing a reality. Son's SoftBank Group Corp. closed the first round of a planned $100 billion investment fund, with money raised from Saudi Arabia, Abu Dhabi, as well as Apple Inc. and Qualcomm Inc. The Vision Fund gives the 59-year-old access to a pool of capital unparalleled in the worlds of private equity or venture capital -- the equivalent of four Silver Lakes or 15 Sequoia Capitals. He has said, without irony, that he has a 300-year plan for SoftBank and aims to build the world's most valuable company.


Deep Aero wants to be an Uber for drones

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The use of drones is already growing across various sectors but an Ajman-based start-up -- Deep Aero -- is fuelling an autonomous drone economy driven by artificial intelligence and blockchain. Gurmeet Singh Anand, CEO of Deep Aero, told Gulf News that the use of unmanned aerial vehicles is increasing exponentially. "In the coming future, we will see millions or billions of commercial drones flying in the air. When that happens, there has to be an autonomous system to manage the drone traffic. Otherwise, it will be a nightmare for regulators," he said.