szilagyi
AI Solutions Are Making Strides In Fintech Land
I've spent a lot of time of late reading about the realm of artificial intelligence, mostly in the areas of machine learning and natural language processing. I recently came across a pair of stories written by a colleague from my days at PC Magazine, Cade Metz, who now writes for The New York Times. Related: AI Tomorrow Won't Look Anything Like What We See Today The first story filled me with awe at not just the promise of AI but what has already been accomplished with it. Cade reported that DeepMind Technologies, which is based in London and owned by Alphabet, Inc. (the parent company of Google), recently released predictions for the shape of nearly every protein known to science. According to the story, that represents more than 200 million predictions, all of them added to an online database freely available to scientists across the globe.
Why an AI Platform Backed by Stan Druckenmiller Is Getting Into Crypto
A Duquesne Capital veteran will use artificial intelligence to help investors anticipate cryptocurrency fluctuations through his fintech company TOGGLE AI. TOGGLE AI, co-founded by Jan Szilagyi and Giuseppe Sette, uses artificial intelligence to track price shifts in stocks, commodities, and fixed income. The company announced Tuesday that it would start analyzing over 400 cryptocurrencies in addition to major currencies like Bitcoin and Etherium, which were previously included in TOGGLE's analytics. Szilagyi, the firm's chief executive officer, told Institutional investor that the appeal of artificial intelligence resides in its ability to analyze, process, and present millions of data points at an inhuman speed. This means that platforms like TOGGLE can present users with predictions for over 35,000 securities, an impossible feat for a single human analyst. "AI is able to process a large amount of data and then process certain patterns that might be useful," he said.