Banking & Finance


AI Will Drive The Multi-Trillion Dollar Longevity Economy

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AI for Longevity has more potential to increase healthy Longevity in the short term than any other sector. The application of AI for Longevity will bring the greatest real-world benefits and will be the main driver of progress in the widespread extension of healthy Longevity. The global spending power of people aged 60 and over is anticipated to reach $15 trillion annually by 2020. The Longevity industry will dwarf all other industries in both size and market capitalization, reshape the global financial system, and disrupt the business models of pension funds, insurance companies, investment banks, and entire national economies. Longevity has become a recurring topic in analytical reports from leading financial institutions such as CitiBank, UBS Group, Julius Baer, and Barclays.


Financial industry fears AI could decimate high-paying positions

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At a two-hour hearing in Washington, D.C. on Friday, lawmakers questioned experts on bias in artificial intelligence, the struggle to attract skilled workers, and how to navigate and regulate an increasingly data-driven financial market, Bloomberg reports. Why it matters, per Bloomberg: "The use of algorithms in electronic markets has automated the jobs of tens of thousands of execution traders worldwide, and it's also displaced people who model prices and risk or build investment portfolios," the former head of machine learning at AQR Capital Management LLC Marcos Lopez de Prado said.


India only country with positive trade outlook out of seven big economies: DHL's AI

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December 07, 2019: According to the AI-based prediction from'DHL Global Trade Barometer', India is the only country with a positive trade outlook for the running quarter out of the world's seven largest economies. Thanks to the strong maritime exports and Imports that will maintain India's trade growth over the three-month period ending in January 2020. The DHL Global Trade Barometer, an indicator of global trade developments calculated using artificial intelligence and big data, predict mildly positive growth for Indian trade with the country's Index rising five points to 54. The positive outlook is driven primarily by an uptake in ocean imports of basic & industrial raw materials and chemicals & products, coupled with a gradual revival in air exports of consumer fashion goods. In total, ocean trade grew by 10 points, maintaining India's positive outlook even as air trade forecasts experience relative weakness.



Using CD with machine learning models to tackle fraud

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Credit card fraudsters are always changing their behavior, developing new tactics. For banks, the damage isn't just financial; their reputations are also on the line. So how do banks stay ahead of the crooks? For many, detection algorithms are essential. Given enough data, a supervised machine learning model can learn to detect fraud in new credit card applications. This model will give each application a score -- typically between 0 and 1 -- to indicate the likelihood that it's fraudulent. The banks can then set a threshold for which they regard an application as fraudulent or not -- typically that threshold will enable the bank to keep false positives and false negatives at a level it finds acceptable. False positives are the genuine applications that have been mistaken as fraud; false negatives are the fraudulent applications that are missed.


Embracing AI And Automation Can Make Your Job Better

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By now, many people have heard of the impending "fourth industrial revolution," and there's more than a little trepidation surrounding the subject. Just as mechanization and the steam engine changed the landscape of manufacturing, the arrival of interconnected machine learning systems will inevitably transform the way products are made and sold. The fourth industrial revolution may spark the fear that jobs will disappear. Emerging technologies will have a far-reaching impact, affecting almost every industry and economy on our globalized planet. However, artificial intelligence will serve in large part to augment – not replace – the jobs humans perform in the workplace.


High-dimensional multivariate forecasting with low-rank Gaussian Copula Processes

Neural Information Processing Systems

Predicting the dependencies between observations from multiple time series is critical for applications such as anomaly detection, financial risk management, causal analysis, or demand forecasting. However, the computational and numerical difficulties of estimating time-varying and high-dimensional covariance matrices often limits existing methods to handling at most a few hundred dimensions or requires making strong assumptions on the dependence between series. We propose to combine an RNN-based time series model with a Gaussian copula process output model with a low-rank covariance structure to reduce the computational complexity and handle non-Gaussian marginal distributions. This permits to drastically reduce the number of parameters and consequently allows the modeling of time-varying correlations of thousands of time series. We show on several real-world datasets that our method provides significant accuracy improvements over state-of-the-art baselines and perform an ablation study analyzing the contributions of the different components of our model.


Global Artificial Intelligence In Military Market 2019 – Lockheed Martin (US) , Raytheon (US) , Northrop Grumman (US) – Industry News Info

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In the end, worldwide Artificial Intelligence In Military Industry 2019 report provides the main region, market conditions with the product price, profit, capacity, production, supply, demand, and market growth rate and forecast etc. This report also Present new project SWOT analysis, investment feasibility analysis, and investment return analysis.


AI Will Drive The Multi-Trillion Dollar Longevity Economy

#artificialintelligence

AI for Longevity has more potential to increase healthy Longevity in the short term than any other sector. The application of AI for Longevity will bring the greatest real-world benefits and will be the main driver of progress in the widespread extension of healthy Longevity. The global spending power of people aged 60 and over is anticipated to reach $15 trillion annually by 2020. The Longevity industry will dwarf all other industries in both size and market capitalization, reshape the global financial system, and disrupt the business models of pension funds, insurance companies, investment banks, and entire national economies. Longevity has become a recurring topic in analytical reports from leading financial institutions such as CitiBank, UBS Group, Julius Baer, and Barclays.