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Archive for the ‘finance’ category

Jan 20, 2017

Combining automation and mobility to create a smarter world

Posted by in categories: finance, robotics/AI, transportation

Daniela Rus loves Singapore. As the MIT professor sits down in her Frank Gehry-designed office in Cambridge, Massachusetts, to talk about her research conducted in Singapore, her face starts to relax in a big smile.

Her story with Singapore started in the summer of 2010, when she made her first visit to one of the most futuristic and forward-looking cities in the world. “It was love at first sight,” says the Andrew (1956) and Erna Viterbi Professor of Electrical Engineering and Computer Science and the director of MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL). That summer, she came to Singapore to join the Singapore-MIT Alliance for Research and Technology (SMART) as the first principal investigator in residence for the Future of Urban Mobility Research Program.

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Jan 20, 2017

Quantum Foundation Combines Bitcoin and Ethereum to Create Qtum

Posted by in categories: bitcoin, cryptocurrencies, finance, quantum physics

Nice try; no faith it will succeed long term with QC.


Singapore-based Quantum Foundation announced that it is working on a new project called Qtum, which combines the technology of both bitcoin and ethereum to facilitate blockchain technology adoption for corporations. Qtum is an open-source blockchain project that aims to build smart contract functionalities that can be implemented at an enterprise level.

The initial financial backing of $1 million by several industry leaders is a testament to the validity of the technology that the Qtum project is creating but also demonstrates full faith in its team of developers. Early-stage angel investors in the project include ethereum co-founder Anthony Di Iorio, Fenbushi partner Bo Shen, and OKCoin CEO Star Xu, among others. The Qtum project also intends to launch its native cryptocurrency to support the project through a crowd sale to raise further funds.

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Jan 19, 2017

After 50 years, frozen WWI veteran’s body awaits reanimation

Posted by in categories: cryonics, finance, life extension, neuroscience

“His body, along with the others, will remain frozen indefinitely, with enough ongoing financial support to sustain its current state, news.com.au reported.

Last year, a Massachusetts Institute of Technology graduate successfully froze and reanimated a rabbit brain”.


Since his death, James Bedford’s body has been cryogenically frozen and awaiting reanimation on the edge of the Sonaran Desert in Arizona. This week marks the 50th year of Bedford’s deep freeze, making him the oldest “de-animated” human being on earth.

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Jan 15, 2017

Chinese humanoid robot turns on the charm in Shanghai

Posted by in categories: bioengineering, cyborgs, economics, finance, robotics/AI

“Jia Jia” can hold a simple conversation and make specific facial expressions when asked, and her creator believes the eerily life-like robot heralds a future of cyborg labour in China.

Billed as China’s first human-like robot, Jia Jia was first trotted out last year by a team of engineers at the University of Science and Technology of China.

Team leader Chen Xiaoping sounded like a proud father as he and his prototype appeared Monday at an economic conference organised by banking giant UBS in Shanghai’s futuristic financial centre.

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Jan 10, 2017

Capturing the Intelligence of the Crowd: How to Create Your Own Super AI

Posted by in categories: finance, robotics/AI

In Brief

  • Numerai is making a collective artificial intelligence in order to make stock market predictions.
  • So far, their data scientists have submitted over 12 billion equity price predictions in less than a year

There’s a new way to make stock market predictions. One company, Numerai, is synthesizing machine intelligence to command the capital of an American hedge fund.

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Jan 8, 2017

Cards, ATMs will be ‘redundant’ by 2020

Posted by in category: finance

India’s financial transaction dilemma.


BENGALURU: Amid the big push being given to digital transactions post-demonetisation, NITI Aayog CEO Amitabh Kant today said cards, ATMs and Point-of-Sale (POS) machines would become redundant in the country by 2020.

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Jan 3, 2017

Can Bitcoin Flourish with a Capped Supply?

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, internet

The answer may be counter-intuitive: Not only can Bitcoin be widely adopted under a supply cap, its trust and integrity are a direct result of a provably limited supply. As a result, it will flourish because it is capped.

Everyone Can Own and Trade a Limited Commodity, IF…

…if it is both measurable and divisible. Bitcoin has a capped supply just as gold has a capped supply. Although both assets will be mined for some time into the future, there is only so much that will ever be uncovered. Thereafter, the total pie cannot grow.

But the transaction units will continue to grow as needed, because the pie is divisible into very, very tiny units:

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Dec 30, 2016

Banks are using mind reading technology to interview graduates

Posted by in categories: business, finance, neuroscience

WHY THIS MATTERS IN BRIEF Every business is becoming a technology business and nowhere is that truer than in the financial services industry, now as banks try to compete with start ups and established technology companies for tech talent they could find themselves getting into warm water…

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Dec 29, 2016

An AI ‘Brain’ Is Micro-Managing Staff At World’s Largest Hedge Fund

Posted by in categories: finance, information science, robotics/AI

Bridgewater Associates is algorithmically modeling its founder’s principles to hire, fire and direct employees.

BUSINESS

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Dec 27, 2016

Artificial Intelligence Replacing Management at World’s Largest Hedge Fund

Posted by in categories: employment, finance, robotics/AI, transhumanism

New story by The Anti-Media on #AI via Jake Anderson: http://theantimedia.org/artificial-intelligence-management-hedge-fund/ #transhumanism


Humans should get used to jobs disappearing.

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