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Generative AI hype distracts us from AI's more important breakthroughs

MIT Technology Review

It's a seductive distraction from the advances in AI that are most likely to improve or even save your life On April 28, 2022, at a highly anticipated concert in Spokane, Washington, the musician Paul McCartney astonished his audience with a groundbreaking application of AI: He began to perform with a lifelike depiction of his long-deceased musical partner, John Lennon. Using recent advances in audio and video processing, engineers had taken the pair's final performance (London, 1969), separated Lennon's voice and image from the original mix and restored them with lifelike clarity. For years, researchers like me had taught machines to "see" and "hear" in order to make such a moment possible. As McCartney and Lennon appeared to reunite across time and space, the arena fell silent; many in the crowd began to cry. As an AI scientist and lifelong Beatles fan, I felt profound gratitude that we could experience this truly life-changing moment. Later that year, the world was captivated by another major breakthrough: AI conversation.


Predictive AI with External Knowledge Infusion for Stocks

Dukkipati, Ambedkar, Mayilvaghanan, Kawin, Pallekonda, Naveen Kumar, Hadnoor, Sai Prakash, Ayyagari, Ranga Shaarad

arXiv.org Artificial Intelligence

Fluctuations in stock prices are influenced by a complex interplay of factors that go beyond mere historical data. These factors, themselves influenced by external forces, encompass inter-stock dynamics, broader economic factors, various government policy decisions, outbreaks of wars, etc. Furthermore, all of these factors are dynamic and exhibit changes over time. In this paper, for the first time, we tackle the forecasting problem under external influence by proposing learning mechanisms that not only learn from historical trends but also incorporate external knowledge from temporal knowledge graphs. Since there are no such datasets or temporal knowledge graphs available, we study this problem with stock market data, and we construct comprehensive temporal knowledge graph datasets. In our proposed approach, we model relations on external temporal knowledge graphs as events of a Hawkes process on graphs. With extensive experiments, we show that learned dynamic representations effectively rank stocks based on returns across multiple holding periods, outperforming related baselines on relevant metrics.


Predictive AI for SME and Large Enterprise Financial Performance Management

Cuervo, Ricardo

arXiv.org Artificial Intelligence

Financial performance management is at the core of business management and has historically relied on financial ratio analysis using Balance Sheet and Income Statement data to assess company performance as compared with competitors. Little progress has been made in predicting how a company will perform or in assessing the risks (probabilities) of financial underperformance. In this study I introduce a new set of financial and macroeconomic ratios that supplement standard ratios of Balance Sheet and Income Statement. I also provide a set of supervised learning models (ML Regressors and Neural Networks) and Bayesian models to predict company performance. I conclude that the new proposed variables improve model accuracy when used in tandem with standard industry ratios. I also conclude that Feedforward Neural Networks (FNN) are simpler to implement and perform best across 6 predictive tasks (ROA, ROE, Net Margin, Op Margin, Cash Ratio and Op Cash Generation); although Bayesian Networks (BN) can outperform FNN under very specific conditions. BNs have the additional benefit of providing a probability density function in addition to the predicted (expected) value. The study findings have significant potential helping CFOs and CEOs assess risks of financial underperformance to steer companies in more profitable directions; supporting lenders in better assessing the condition of a company and providing investors with tools to dissect financial statements of public companies more accurately.


Generative AI is overrated, long live old-school AI

#artificialintelligence

Generative AI applications and models like ChatGPT and GPT-4 alone won’t fulfill the promise of the AI revolution. The sci-fi future that many people anticipate accompanying the widespread adoption of AI depends on the success of predictive models. Self-driving cars, robotic attendants, personalized healthcare, and many other innovations hinge on perfecting “old school” AI.


How Predictive AI will Change Cybersecurity in 2021

#artificialintelligence

AI-enhanced cybersecurity is a must in 2021 and beyond. Clearly, the industry agrees -- you'll find an endless list of AI security platforms in the marketplace. What do vendors really mean when they use the term "artificial intelligence?" AI can be a fluid term, and sometimes mean different things to different people, and although marketing teams at cyber companies are using this ambiguity to their advantage, too often when it comes to the actual implementation and use of these platforms, the technology and promise falls short of AI in it's true scientific sense. Some artificial intelligence is and will be groundbreaking for the cybersecurity industry.


Top Reasons for Predictive AI for Cybersecurity Enhancement

#artificialintelligence

Top investigative agencies in the United States like the FBI have reported an increase of 300% in cyberattacks since the COVID-19 outbreak. Most of these attackers use deception, which is why predictive artificial intelligence (AI) becomes essential for cybersecurity. A predictive AI model collects data, analyzes and offers recommendations that can prevent various cyber attacks. Many organizations reconsider using Artificial Intelligence due to the high initial cost and need for infrastructure. However, according to an IBM report, businesses lost $3.86 million in 2020, with a total of more than 200 days spent on finding the actual breach. In 2021, data breach costs rose from $3.86 million to $4.24 million, the highest average total cost in the 17-year history of that report.


How Predictive AI will Change Cybersecurity in 2021 - insideBIGDATA

#artificialintelligence

AI-enhanced cybersecurity is a must in 2021 and beyond. Clearly, the industry agrees -- you'll find an endless list of AI security platforms in the marketplace. What do vendors really mean when they use the term "artificial intelligence?" AI can be a fluid term, and sometimes mean different things to different people, and although marketing teams at cyber companies are using this ambiguity to their advantage, too often when it comes to the actual implementation and use of these platforms, the technology and promise falls short of AI in it's true scientific sense. Some artificial intelligence is and will be groundbreaking for the cybersecurity industry.


Evolutionary AI: When machines define your business plans for you

#artificialintelligence

In the current reality, taking a step back and looking at the big picture can be daunting. The way we work has fundamentally changed and digital transformation efforts have been supercharged out of necessity. Between both of these factors is the exponential rise in customer expectations and their increasing reliance on digital experiences every day. In the middle of this storm, business leaders are expected to make increasingly high-stake decisions with speed and precision. But faced with so many complex challenges, how can we ensure we keep steering in the right direction?


The Case for Causal AI (SSIR)

#artificialintelligence

Much of artificial intelligence (AI) in common use is dedicated to predicting people's behavior. It tries to anticipate your next purchase, your next mouse-click, your next job move. But such techniques can run into problems when they are used to analyze data for health and development programs. If we do not know the root causes of behavior, we could easily make poor decisions and support ineffective and prejudicial policies. AI, for example, has made it possible for health-care systems to predict which patients are likely to have the most complex medical needs. In the United States, risk-prediction software is being applied to roughly 200 million people to anticipate which patients would benefit from extra medical care now, based on how much they are likely to cost the health-care system in the future. It employs predictive machine learning, a class of self-adaptive algorithms that improve their accuracy as they are provided new data. But as health researcher Ziad Obermeyer and his colleagues showed in a recent article in Science magazine, this particular tool had an unintended consequence: black patients who had more chronic illnesses than white patients were not flagged as needing extra care. The algorithm used insurance claims data to predict patients' future health needs based on their recent health costs.


Q&A: Predictive AI can help to prevent sepsis (Includes interview)

#artificialintelligence

Sepsis is a major medical issue. In the next week, an estimated 5,000 people will die from sepsis in the U.S. alone, and one third of all hospital deaths are related to sepsis (according to U.S. Centers for Disease Control and Prevention figures). These deaths are preventable, but by the time sepsis is detected, it's often already too late. One way to reduce incidences of sepsis is with the application of artificial intelligence. The staff at Sentara Healthcare are using an AI-enabled prescriptive analytic tool developed by Jvion, which identifies who is at risk of sepsis, alerts clinicians and suggests interventions tailored to each patient's needs.