banking & finance


Global Artificial Intelligence Robots Market Business Planning Research and Resources, Supply and Revenue By 2025 - WeeklySpy

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The Artificial Intelligence Robots Market report is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report. Artificial Intelligence Robots Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. The Global Artificial Intelligence Robots Market accounted for USD 3.0 billion in 2017 and is projected to grow at a CAGR of 30.1% forecast to 2025. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and Brazil among others.



World's First Artificial Intelligence University Inaugurated in Abu Dhabi

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The UAE has set up an artificial intelligence university, claimed to be the first in the world, in Abu Dhabi. The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) was inaugurated on October 17 and it offers courses for undergraduate students. It is also accepting applications for its first masters and PhD programmes this month, with classes scheduled to begin on September 20 next year. All admitted students will be given full scholarship plus benefits such as a monthly allowance, health insurance and accommodation. "AI is already changing the world, but we can achieve so much more if we allow the limitless imagination of the human mind to fully explore it. The university will bring the discipline of AI into the forefront, moulding and empowering creative pioneers who can lead us to a new AI-empowered era," said Sultan Ahmed Al Jaber, UAE Minister of State, who has been appointed Chair of the MBZUAI Board of Trustees and is spearheading the university's establishment.


Artificial Intelligence: The Table Stakes for Success

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BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Harris Bank N.A. (member FDIC), Bank of Montreal Europe p.l.c, and Bank of Montreal (China) Co. Ltd and the institutional broker dealer businesses of BMO Capital Markets Corp.


The FCA and the Bank of England find that two-thirds of UK banks and financial service firms use machine learning

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Machine learning technology is poised to be huge thing in financial services. In fact, two-thirds of UK-based firms are already using it. That is according to two of the UK's top financial regulators. The Financial Conduct Authority (FCA) and the Bank of England have taken a deep dive into how the financial services industry in the country is using machine learning. The research is based on a survey sent out to 300 firms, including banks, credit brokers, e-money institutions, financial market infrastructure firms, investment managers, insurers, non-bank lenders and principal trading firms.


Square's Head of AI Explains How Machine Learning Is Changing Commerce

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Square's merchant products have become popular among small business owners. Machine learning is everywhere these days, and finance is no different. Both large banking institutions and scrappy startups are attempting to "disrupt" money with artificial intelligence (AI), collectively helping make AI an integral part of the industry's future. As the head of the commerce platform machine learning team at Square Inc., Marsal Gavalda helps lead the technical aspects of the Jack Dorsey-founded payments platform. Gavalda and his team apply machine learning and automation to Square's payment products, which in recent years have aimed to revolutionize the way merchants conduct transactions.


Can Blockchain Really Make Big Data Better?

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A blockchain, originally blockchain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data . According to Wikipedia, "Big data is a term used to refer to data sets that are too large or complex for traditional data-processing application software to adequately deal with. Data with many cases (rows) offer greater statistical power, while data with higher complexity (more attributes or columns) may lead to a higher false discovery rate." Volume: The quantity of generated and stored data.


Most Canadians are worried AI is advancing too quickly, and they expect banks to have the answers, says study

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By Howard Solomon A new report highlights a growing fear among Canadians that's tied to the rapid advancement of artificial intelligence. An online study conducted by Environics Research Group revealed that 77 per cent of Canadians are concerned that AI is advancing too quickly to properly understand its potential risks. The survey of 1,200 Canadians was sponsored by TD Bank back in May, and also indicated a growing concern around biases in how the technology is developed. Additionally, sixty per cent of Canadians worry about a lack of diversity in the growing field of AI. The results don't shock Tomi Poutanen, chief AI officer for TD and co-founder of Layer 6, but he said they do signal a growing awareness of AI's transformative capabilities, and people are looking to banks to validate its adoption.


The Worlds That AI Might Create

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How are experts looking at the same present and arriving at such different and contradictory futures? Here's a look at five scenarios, and the paths that getting there might take. As artificial intelligence becomes more powerful, a lot of current jobs are doomed to disappear. University of Oxford researchers in 2017 estimated that nearly half of all U.S. jobs were at risk from AI-powered automation. Other forecasts come up with different estimates, but by any measure, the number of lost jobs is potentially huge. Automation has already made manufacturing, mining, agriculture and many other industries much less labor-intensive. One study estimated that from 1993 to 2007, each industrial robot replaced 3.3 workers.


Abu Dhabi unveils Artificial Intelligence University

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Abu Dhabi has established a graduate level research-based artificial intelligence (AI) university. The first of its kind university, named the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) will give graduate students, businesses and governments the ability to stimulate the AI space with access to advanced AI systems across the world. HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Deputy Supreme Commander of the UAE Armed Forces commented that the establishment "echoes the UAE's pioneering spirit, and paves the way towards a new era of innovation and technological advancement that benefits the UAE and the world". Pizza Hut is leveraging technology to enhance its customers' experience in APAC Experts have predicted that AI's contribution to the UAE's GDP will rise 14% by 2030 and could contribute nearly US$16tn (AED58.7tn) to the global economy. "As such, the Mohamed bin Zayed University of Artificial Intelligence is an open invitation from Abu Dhabi to the world to unleash AI's full potential. The University will bring the discipline of AI into the forefront, moulding and empowering creative pioneers who can lead us to a new AI-empowered era," commented Dr. Sultan Ahmed Al Jaber, chairman of the MBZUAI board of trustees.