Kaplan to create adviser tools using AI

#artificialintelligence

Kaplan Professional has announced it acquired an artificial intelligence company in an effort to create new tools for financial advisers amid a changing environment. In a new announcement yesterday, Kaplan said it has now acquired Red Marker. Kaplan Australia and New Zealand managing director Rob Regan said the acquisition would enable Kaplan to broaden its compliance solutions to the financial services sector through artificial intelligence. "We are investing in real-time learning with the aim of further equipping advisers with the tools they need to maximise their success in a rapidly changing landscape," he said. "By enabling advisers to confidently embrace compliance, it will allow them to continually increase their knowledge in a reportable manner.


'Are you yellow?': Radio presenter's interview attracts controversy

Mashable

It was meant to be a light-hearted bit of cross promotion. An interview between ABC Melbourne radio presenter Red Symons and podcaster Beverley Wang became the subject of controversy on Friday, after Symons' tone deaf comments about race. SEE ALSO: Wonder Woman's message is exactly what we need in these dark times -- but there's more to do Wang's podcast, It's Not A Race, is also published on the ABC and deals with contemporary race issues in Australia. This and other questions Red Symons asked me Listen: https://t.co/aS4Lmtn3hs In the awkward extended interview which was published online, but has since been deleted, Symons said he wasn't happy with the podcast because he had a segment idea called "what's the deal with Asians?" "Well, let's tackle that," Wang replied.


Is Your Next Financial Adviser a Robot?

#artificialintelligence

SMITH BRAIN TRUST – Are you ready to entrust your retirement savings to a robot? Investment advice is increasingly coming to clients from nonhuman sources, whether they realize it or not, as more money-management firms look to automated services to augment their team of human advisers and deepen the science behind stock-picking. Some firms are adopting hybrid services that couple algorithmic services with human advisers, creating a less-actively managed fund, often with a lower fee structure. But, at the same time, there is also a more deliberate move toward so-called robo-advisors, with some clients entrusting their savings to fully automated investment tools, replacing human advisers altogether. Alberto Rossi, assistant professor of finance at the University of Maryland's Robert H. Smith School of Business, has been studying the rise of robo-advice and its role in the financial industry.


What EPA's Scott Pruitt means for environmental policy and regulation

PBS NewsHour

HARI SREENIVASAN: Now that Scott Pruitt is in charge of the EPA, we take a look at what to expect from the agency under his leadership with Myron Ebell, director of the Competitive Enterprise Institute, a libertarian advocacy group. He oversaw President Trump's EPA transition team and has been a vocal opponent of many of the agency's policies. And Jeremy Symons of the Environmental Defense Fund, a group strongly opposed to Pruitt's confirmation. You're someone that thinks that climate science in some ways is alarmist. And we're not here to debate that tonight.


The little-known auction that could change the course of technology, explained

Washington Post - Technology News

Billions of people around the world rely on invisible airwaves to carry their cellphone calls, surf the mobile Internet and watch over-the-air TV. But thanks to a never-before-tried auction launched by the federal government last week, we're about to witness a wholesale transfer of these airwaves that could transform the way we interact with our technology. The auction is poised to accelerate a nationwide shift to mobile, wireless technology, and it shifts control of high-quality portions of the radio spectrum from the broadcast TV industry to potentially many others, including cable firms, cellular carriers and even venture capitalists. By selling off access to special airwaves that can carry data through walls and travel long distances, the government wants innovative companies to invest in the next in wireless tech -- whether that's faster, more reliable mobile data or the Internet of Things. We sat down with the architects of this auction, Gary Epstein and Howard Symons of the Federal Communications Commission, to explain how this auction works and why it's such a big deal.