Nissan Motor CEO Ivan Espinosa (left) Wayve Technologies CEO Alex Kendall shake hands at a signing ceremony for a collaboration agreement between the two companies in Tokyo on Wednesday. While fully driverless cars remain some way off, the two companies said in a joint statement that their tie-up would help develop systems in real-world conditions. The AI systems made by Wayve, which last year said it had raised more than $1 billion, do not rely on preprogrammed maps but can navigate in real time. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.

US investment bank JP Morgan has hired a machine learning expert to deploy the technology across its investable indices business, The TRADE has learnt. Fredrik Giertz has been appointed vice president in equity derivatives structuring at JP Morgan, having joined the bank last month in the newly-created role. A spokesperson at JP Morgan confirmed the appointment. Based within the investable index division at JP Morgan in London, Giertz will focus on growing and developing quantitative strategies that use machine learning techniques for the investment bank. He has several years' experience in managing quantitative strategies, from alternative risk to more advanced strategies using machine learning technology.