Artificial Intelligence is the hot topic in the tech world right now. Companies want to include it in some way in their platforms, students are lining up to train in it, and researchers are pushing its limits to see what they can apply it to. And the possibilities are truly endless. At Intel's AI DevCon 2018 in Bengaluru this past week, I got a brief glimpse into AI's transformative potential. Amidst the hype of an upcoming AI-focused chip was the excitement of dozens of developers and researchers gathered to exchange ideas, of which there was plenty on offer.

Artificial Intelligence is the hot topic in the tech world right now. Companies want to include it in some way in their platforms, students are lining up to train in it, and researchers are pushing its limits to see what they can apply it to. And the possibilities are truly endless. At Intel's AI DevCon 2018 in Bengaluru this past week, I got a brief glimpse into AI's transformative potential. Amidst the hype of an upcoming AI-focused chip was the excitement of dozens of developers and researchers gathered to exchange ideas, of which there was plenty on offer.

Long-time Weiss Multi-Strategy Advisors executive Rick Doucette is reportedly planning to launch a new hedge fund with former UBS prime brokerage specialist Gerry Polizzi. The new fund will be a multi-strategy vehicle named Antecapio Investment Partners, according to a Reuters article citing the two men. Doucette left $1.4 billion Weiss, where he was COO as well as president of holding company George Weiss Associates, at the end of last year. Polizzi, meanwhile, was with UBS's prime brokerage operation since 2002 and had previous stints at Credit Suisse and Pershing. The new firm will utilize of both quantitative and discretionary trading strategies, according to Polizzi's LinkedIn profile, as well as incorporate artificial intelligence and machine learning in its investment processes.

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York April 12, 2016. Clinching a job on Wall Street soon may have as much to do with beating an algorithm as nailing the interview. Goldman Sachs Group Inc, Morgan Stanley, Citigroup Inc and UBS Group AG are exploring the use of artificial intelligence software to judge applicants on traits - such as teamwork, curiosity and grit - that help in the workplace but don't always show up on a resume or come through in an interview. Banks are turning to the hiring software at a time when they are under pressure to cut costs and finding it difficult to lure and retain top talent. Bank executives hope that artificial intelligence will help them avoid the expense of problem hires and turnover, industry sources said.

Goldman Sachs Group Inc, Morgan Stanley, Citigroup Inc and UBS Group AG are exploring the use of artificial intelligence software to judge applicants on traits - such as teamwork, curiosity and grit - that help in the workplace but don't always show up on a resume or come through in an interview. Banks are turning to the hiring software at a time when they are under pressure to cut costs and finding it difficult to lure and retain top talent. Bank executives hope that artificial intelligence will help them avoid the expense of problem hires and turnover, industry sources said. "Up until this point, technology has only allowed you to find the best resume, but now it's a way of truly understanding the people that are applying," said Mark Newman, chief executive of Salt Lake City, Utah-based HireVue, a video-interviewing platform that uses artificial intelligence to screen applicants. Several banks are in the early stages of adding artificial intelligence software to complement in-person interviews and other traditional hiring processes.