Daiwa Securities Group has joined other major Japanese financial firms in embracing artificial intelligence-powered chatbots, moving in the opposite direction from Wall Street banks. Japan's second-biggest brokerage plans to adopt the ChatGPT technology from this month for all of its 9,000 domestic employees, the company said in a statement Tuesday, adding that it has "limitless potential." The development follows a Nikkei report that Mitsubishi UFJ Financial Group will begin using a chatbot for work such as drafting approval requests and responding to internal inquiries. Sumitomo Mitsui Financial Group has begun trials on an AI chatbot developed in partnership with Microsoft Japan, the newspaper said, while Mizuho Financial Group also plans an AI tool for internal use. This could be due to a conflict with your ad-blocking or security software.

As businesses grapple with how artificial intelligence tools like ChatGPT will affect working practices, one Japanese fintech firm is making it compulsory for new recruits to use the technology and even testing them on it. With concerns growing about its ability to make jobs obsolete and data protection, Tokyo-based LayerX is bucking the trend, with a recent job ad for new graduates making it mandatory for recruits to be tested on their use of the chatbot made by OpenAI and another called Notion AI. The startup, which focuses on promoting digitizing business transactions, is confident it's on the right side of a growing divide over the use of the technology. Many Wall Street banks have restricted its use, while schools in places like New York City have banned it. Major Japanese firms have done the same, with Softbank Group and banks including Mizuho Financial Group and Mitsubishi UFJ Financial Group clamping down in recent months.

With Japan's first commercial quantum computer going into operation last month, more global competitors are entering the race to gain an advantage by mastering the next-generation technology, with Germany emerging as a strong contender. In Kawasaki, a city in the Tokyo metropolitan area, sits a commercial quantum computer made by IBM at the Kawasaki Business Incubation Center. Toyota Motor, Hitachi and Toshiba are among the companies that are using the device. Quantum computers are expected to break the limitations of conventional computing. In 2019, Google startled the world by using the technology to solve a problem in 3 minutes and 20 seconds that would have required 10,000 years by a conventional computer.

Essential Skills/ Characteristics: • Highly skilled with SQL and writing queries • Expert in data management principles and data normalization • Must be able to recognize patterns in data and remove "noise" from "insights" • Experience in developing reports and charts to depict "data story" • Exceptional excel and pivot table mastery • Exposure to data modeling and understanding of predictive analysis • Ability to propose improvements to existing system/data base/data structures • Keen ability to articulate data concepts in lamens • Ability to collaborate with remote teams • Extensive experience with data analysis • Experience with ETL tools Winning Ways • Focus on the Customer: Know your customers well; add value with a sense of urgency.

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Mitsubishi UFJ Financial Group (MUFG)'s subsidiary Japan Digital Design (JDD) has formed an alliance with ExaWizards for artificial intelligence (AI) developments in the financial sector. Through this alliance, JDD and ExaWizards plan to conduct development studies of online finance products and HR tech services that support personnel management in the industry. MUFG says: "As Japan's labour force declines and employees become increasingly international and diverse, the two companies will pursue development studies of services that offer AI-based support for personnel matters that are key to corporate competitiveness, such as skills development and hiring." It adds that the companies will develop HR tech services specialised for financial services using video and voice analysis technology. This includes features such as the use of video to allow AI to learn the tacit knowledge and "know-how of high performers and transfer it to all employees".

As part of an ongoing series about artificial intelligence, the Asahi Shimbun on Jan. 11 published a story that asserts the financial industry has adopted AI more readily than any other. Because finance is a data-driven endeavor, designing AI software to do things such as read and analyze reams of economic information and project future investment performance is progressing rapidly. Moreover, voice recognition is becoming so advanced that standing clients and potential customers will no longer have to talk to humans about their financial needs. Even if a person is going to make the final decision about a transaction, most of the work has already been done. This development, however, may also hasten the end of banks.

It builds word vectors to represent word meanings. And it learns these meanings solely by the surrounding words. You can then use these word vectors as the input to make machine learning algorithms perform better and find interesting abstractions. What happens if we apply Word2Vec to the stock market? In Word2Vec the window for each word is the surrounding words.