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How Morningstar is using machine-learning race cars from Amazon to train employees

#artificialintelligence

Pop into Morningstar's Chicago headquarters and you might see something unexpected: A group of employees cheering on what appears to be a remote-controlled toy car racing around a track. Morningstar, one of the world's biggest investment-research companies, is turning to machine-learning-guided cars to learn about ways to better pull and analyze data. Amazon Web Services has been using the DeepRacer cars to introduce clients on its public-cloud services to machine-learning technology. Wall Street firms, meanwhile, are talking more about wading into the public cloud and uses for artificial intelligence. James Rhodes, Morningstar's chief technology officer, said he was introduced to the AWS DeepRacer when employees asked if they could spend their training stipends on the cars.


Video of parked Model S spontaneously exploding adds to Tesla woes ahead of earnings results

The Japan Times

SHANGHAI - Video of a parked Tesla Model S exploding and a Wall Street downgrade of the electric carmaker's stock pushed shares down 4 percent Monday, just as it prepared to issue results for a troubled first quarter. Brokerage Evercore cut its recommendation for shares of the Silicon Valley company to "sell," becoming the 12th brokerage to ask investors to abandon billionaire Elon Musk's venture and raising bearish sentiment to its highest level ever. Musk and Tesla Inc. have faced a range of challenges over the past year as one of the leaders in electric vehicle technology sought to ramp up production, deliveries and sales of the Model 3 sedan seen as crucial to its long-term profitability. The company, which is struggling with deliveries of its higher-priced Model S and X luxury cars, said it has sent a team to investigate the video on Chinese social media apparently showing the latest in a string of fires involving its cars. The video, time stamped Sunday evening and widely shared on China's Twitter-like Weibo, shows the parked vehicle emitting smoke and bursting into flames seconds later.


Edgar Perez

#artificialintelligence

Edgar Perez is a great business speaker, a confident communicator and a world class motivator. Global executives have come to appreciate his wide-ranging insights on how they can better position their organizations for success through strong leadership and a comprehensive approach that links business strategy and disruptive technologies including artificial intelligence and deep learning, quantum computing and cyber security. A published author, keynote speaker and business consultant for private equity and hedge funds, he is Council Member at the Gerson Lehrman Group, Guidepoint Global Advisors and Internal Consulting Group. Mr. Perez is author of The AI Breakthrough, How Artificial Intelligence is Advancing Deep Learning and Revolutionizing Your World (2018), Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (2013), and The Speed Traders, An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published in English by McGraw-Hill Inc. (2011), 交易快手, published in Mandarin by China Financial Publishing House (2012), and Investasi Super Kilat, published in Bahasa Indonesia by Kompas Gramedia (2012). Mr. Perez has addressed thousands of top executives around the world through keynote speeches and corporate training programs on quantum computing, artificial intelligence, deep learning, cybersecurity and financial trading.


Uber And Lyft IPOs Will Make Many People Rich But Not The Drivers

#artificialintelligence

HONG KONG, CHINA - 2018/12/02: American online ridesharing and transportation network company Uber logo is seen on an Android mobile device with a figure of hacker in the background. The tech, Wall Street, and investment castes are positively buzzing about Lyft and Uber going public. Lots of money to be made. The anticipatory buzz has been building for a time. The two rideshare companies certainly need access to cash.


World Shares Advance Following Strong Wall Street Finish

U.S. News

MADE IN CHINA 2025: The Chinese initiative aims to create leading companies in fields like artificial intelligence, electric cars and robotics. The Trump administration says the government is unfairly subsidizing Chinese companies and discriminating against foreign rivals. Along with disputes over China's handling of intellectual property, it's a significant contributor to trade tensions. The Wall Street Journal reported a revised plan would allow greater access for foreign companies to Chinese markets and investment.


Apple supplier Foxconn seeks to cut costs in 2019 -...

Daily Mail - Science & tech

Apple Inc's biggest iPhone assembler Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces'a very difficult and competitive year', Bloomberg reported on Wednesday, citing an internal memo. The Taiwan-based producer said in a statement it was conducting a regular annual review to budget effectively for 2019, but it was also the latest to point to concerns over demand for Apple's flagship devices. Shares in Apple, at the heart of this week's brutal sell-off on Wall Street, were up 1.2 percent at $179.13 in a broadly steadier market. Apple Inc's biggest iPhone assembler Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces'a very difficult and competitive year', Bloomberg reported on Wednesday, citing an internal memo. They have fallen nearly 9 percent since Nov. 12 when one of its facial recognition suppliers, Lumentum Holdings Inc, cut its outlook for the holiday quarter.


Artificial intelligence and robotics will save the Trump economy

#artificialintelligence

In January, Wall Street investors were optimistic tax cuts would sustain economic growth and the Trump bull market. As spring arrives, the world has proven decidedly more uncertain. The administration has not articulated end game goals for the trade standoff with China. President Xi Jinping is offering some concessions but his commitment to industrial policies that target vital American industries remains clear and menacing. An all-out trade war could disrupt global supply chains, nix planned investment spending, stall both economies and tank stocks.


Apple fans line up overnight to get their hands on iPhoneX

Daily Mail - Science & tech

The eye-watering $999 price tag doesn't seem to be keeping fans away as thousands waited in long lines outside of Apple stores around the country to get their hands on the much-anticipated iPhone X. And the high-end device is testing the patience of consumers and investors because the company did not make enough models to meet demand worldwide. So those who do manage to get through the door to buy one this morning will be pleased to know they are sitting on potential gold mines, with some devices already being auctioned off on eBay for up to $18,000. The X is Apple's next generation smartphone that uses facial recognition software for the first time and is on sale today in cities around the world - with queues building at Apple Stores amid rumors of limited stock. And sales had Wall Street booming as shares hit an all-time high on Friday morning as optimistic reviews poured in about how the X would make this quarter's earnings soar.


Overly demanding Apple may fudge facial recognition feature a bit to get iPhone X to market by holidays

The Japan Times

SAN, FRANCISCO/SEOUL – As of early fall, it was clearer than ever that production problems meant Apple Inc. wouldn't have enough iPhone Xs in time for the holidays. The challenge was how to make the sophisticated phone -- with advanced features such as facial recognition -- in large enough numbers. As Wall Street analysts and fan blogs watched for signs that the company would stumble, Apple came up with a solution: It quietly told suppliers they could reduce the accuracy of the face-recognition technology to make it easier to manufacture, according to people familiar with the situation. With the iPhone X set to debut on Nov. 3, we're about to find out whether the move has paid off. Some analysts say there may still be too few iPhone Xs to meet initial demand.


A Guide to Russia's High Tech Tool Box for Subverting US Democracy

WIRED

Twitter trolls run by the Kremlin's Internet Research Agency. Denial of service attacks and ransomware deployed across Ukraine. Spies hidden in the heart of Wall Street. And a century-old fabricated staple of anti-Semitic hate literature. At first glance these disparate phenomena might seem only vaguely connected. Sure, they can all be traced back to Russia. But is there any method to their badness? The definitive answer, according to Russia experts inside and outside the US government, is most certainly yes. In fact, they are part of an increasingly digital intelligence playbook known as "active measures," a wide-ranging set of techniques and strategies that Russian military and intelligence services deploy to influence the affairs of nations across the globe. As the investigation into Russia's influence on the 2016 election--and the Trump campaign's potential participation in that effort--has intensified this summer, the Putin regime's systematic effort to undermine and destabilize democracies has become the subject of urgent focus in the West. According to interviews with more than a dozen US and European intelligence officials and diplomats, Russian active measures represent perhaps the biggest challenge to the Western order since the fall of the Berlin Wall. The consensus: Vladimir Putin, playing a poor hand economically and demographically at home, is seeking to destabilize the multilateral institutions, partnerships, and Western democracies that have kept the peace during the past seven decades.