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Archive for the ‘finance’ category: Page 117

Mar 11, 2017

An AI Completed 360,000 Hours of Finance Work in Just Seconds

Posted by in categories: finance, robotics/AI

Amazing…


A bank used AI to dramatically cut its workload.

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Mar 9, 2017

Data61 CEO Adrian Turner has a plan for the next jobs

Posted by in categories: business, economics, employment, finance, government

Forty per cent of Australia’s jobs will disappear in 10 years but the head of CSIRO’s data research unit has delivered an action plan for how they can be replaced.

“The fourth industrial revolution is under way and the winners will be so far ahead of the losers, Australia has no choice but to pivot to the new industries that will emerge,” Data61 chief executive Adrian Turner told The Australian Financial Review Business Summit on Wednesday.

Australia was already feeling the consequences of an economy whose greatest disruptors, such as Uber and Amazon, were mostly coming from elsewhere, Mr Turner said. He noted that GDP growth rates were below historic averages, government debt to GDP ratios were rising, wage growth was slowing and productivity plateauing.

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Mar 9, 2017

JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours — By Hugh Son | Bloomberg

Posted by in categories: automation, finance, innovation, robotics/AI, software

“At JPMorgan Chase & Co., a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours.”

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Mar 5, 2017

Bitcoin ETF Buzz Offers Short Term Opportunity

Posted by in categories: bitcoin, cryptocurrencies, economics, finance, Mark Zuckerberg, policy

If you follow Bitcoin at all, then you know that its value is spiking. It has already surpassed a massive spike on Thanksgiving night 2013, and it has just surpassed the cost of an ounce of gold. [continue below image]

Like any commodity, the exchange value of Bitcoin is driven by supply and demand. But, unlike most commodities, including the US Dollar, the Euro or even gold, the eventual supply is capped. It is a mathematical certainty. Yet, demand is affected by many factors: Adoption as a payment instrument, early signs that it is being considered as a reserve currency, fascination by Geeks and early adopters and its use as a preferred tool by some criminals.

But chief among reasons for acquiring Bitcoin is speculation. Whether it is buy-and-hold or day trading, speculators still outnumber those who use Bitcoin to settle debts or to buy and sell other products and services. (Earlier this week, I argued that speculation is responsible for 85% of demand and of transactions—but that’s another story).

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Mar 4, 2017

Groundbreaking technology rewarms large-scale animal tissues preserved at low temperatures

Posted by in categories: biotech/medical, finance, nanotechnology

Great news and a very promising vector for near future innovation!


Inductive radio-frequency heating of magnetic nanoparticles embedded in tissue (red material in container) preserved at very low temperatures restored the tissue without damage (credit: Navid Manuchehrabadi et al./Science Translational Medicine)

A research team led by the University of Minnesota has discovered a way to rewarm large-scale animal heart valves and blood vessels preserved at very low (cryogenic) temperatures without damaging the tissue. The discovery could one day lead to saving millions of human lives by creating cryogenic tissue and organ banks of organs and tissues for transplantation.

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Mar 1, 2017

Singapore to implement a digital identity programme inspired by Estonia

Posted by in categories: finance, government, transportation

The nation of Singapore is planning to implement a digital identity programme that is inspired by the one in Estonia.

The aim of the programme is to revamp its current national IDs, potentially allowing citizens simpler access to government services, financial transactions, and more.

According to the country’s prime minister Lee Hsien Loong, Singapore is not “going as fast as we ought to” in its drive to implement digital solutions and improving in areas such as electronic payment and transportation, news portal Today Online reported.

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Feb 28, 2017

JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours

Posted by in categories: finance, law

Na JPMorgan Chase & Co., uma máquina de aprendizagem está analisando os acordos financeiros que antes mantinham equipes jurídicas ocupadas por milhares de horas.

O programa, chamado COIN, para o Contrato de Inteligência, faz a tarefa de interpretar acordos de empréstimo comercial que, até que o projeto foi lançado em junho, consumiu 360 mil horas de trabalho por ano por advogados e agentes de crédito. O software revê os documentos em segundos, é menos propenso a erros e nunca pede férias.

No que diz respeito à COIN, o programa ajudou a JPMorgan a reduzir os erros de manutenção de empréstimos, a maioria resultante de erro humano na interpretação de 12.000 novos contratos por ano, de acordo com os seus criadores.

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Feb 25, 2017

An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source

Posted by in categories: finance, robotics/AI

Wall Street is a Darwinian battle for the almighty dollar. But Richard Craib thinks his AI-powered hedge fund will soar if everyone can just get along.

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Feb 25, 2017

Financial Leaders: Make Your Mark on the Future at Exponential Finance

Posted by in categories: bitcoin, economics, finance, information science, quantum physics, robotics/AI, singularity

From digital currency to machine learning, the financial industry is being rocked by exponential technologies. Blockchain, artificial intelligence, big data, robotics, quantum computing, crowdfunding, and computing systems are allowing startups to solve consumer needs in new ways.

The downfall of the world’s largest institutions may not be imminent, but these new technologies are breaking up the previously rock solid foundation of finance, and allowing the fintech world to spring through the cracks. What’s happening now will rewrite the future of finance for years to come. By recognizing this reality and planning for it now, financial professionals can learn to thrive in an increasingly uncertain global economy.

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Feb 20, 2017

CellAge Campaign: iPhone Reward Raffle Draw

Posted by in categories: bioengineering, biotech/medical, finance, genetics, life extension

Mantas from CellAge picks a winner for the iPhone Raffle Reward! ►Campaign Link: https://www.lifespan.io/campaigns/cellage-targeting-senescen…c-biology/ ►Subscribe:
►Reddit AMA: https://www.reddit.com/r/Futurology/comments/5hfmsl/cellage_…ells_with/


Our society has never aged more rapidly – one of the most visible symptoms of the changing demographics is the exponential increase in the incidence of age-related diseases, including cancer, cardiovascular diseases and osteoarthritis. Not only does aging have a negative effect on the quality of life among the elderly but it also causes a significant financial strain on both private and public sectors. As the proportion of older people is increasing so is health care spending. According to a WHO analysis, the annual number of new cancer cases is projected to rise to 17 million by 2020, and reach 27 million by 2030. Similar trends are clearly visible in other age-related diseases such as cardiovascular disease. Few effective treatments addressing these challenges are currently available and most of them focus on a single disease rather than adopting a more holistic approach to aging.

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