Search

The article reports on the devices manufactured by Compta Emerging Business Solutions that use artificial intelligence (AI) and machine learning to contain wildfires. Topics discussed include the changing landscape of wildfires, the use of International Business Machines' (IBM) Watson supercomputer to analyze data and predict how the fire might spread, and the use of AI and machine learning in other weather and climate related applications.

AI's use by hedge funds comes after decades of innovation 2017: First AI Powered Equity ETF driven by IBM's Watson computer starts trading. [Extracted from the article]

(Bloomberg) -- Hedge Funds Face New Era as AI Becomes a Master of the Universe Firms now use AI to prep reams of messy social media and smartphone data, forecast company earnings and sales faster than analysts, decipher the sentiment of executives from documents and create entire strategies. Last year, when fundamental hedge funds suffered $83 billion in outflows, quants took in $13 billion, according to Hedge Fund Research. While hedge fund manager John Paulson saw the subprime mortgage meltdown coming, AI would have had no clue, because it wouldn't have had enough relevant historical data to make comparisons and form an opinion. [Extracted from the article]

The first global equity ETF run by robots made its trading debut even as its managers expressed anxiety about investing in an exchange-traded fund lacking the human touch. Hawkins stressed that the artificial intelligence behind the ETF, developed by Korea-based Qraft Technologies Inc., was rigorously back-tested over 10 years of market moves to make sure it learned how to interpret data and make smart investments. [Extracted from the article]

(Bloomberg) -- IBM's Watson Tackles Your Taxes For this tax season, H&R Block has put an additional computer screen on each preparer's desk, facing the customer, and hired IBM's famous Watson computer to control what's on it. The supercomputer absorbed decades of transcripts of conversations between H&R Block preparers and customers and then worked with about 250 tax professionals to refine its understanding of taxes. [Extracted from the article]

Mitsubishi UFJ Financial Group Inc. has set up a unit to research and develop new financial technologies, the first of its kind for a major Japanese bank, people with knowledge of the matter said. Mitsubishi UFJ, Japan's biggest bank, stressed the importance of financial technology in its latest three-year plan last May. [Extracted from the article]

Heroz programmers developed system that beat shogi expert Attribution Marcus Wright: editor responsible Gareth Allan: by reporter Komaki Ito: by reporter Shingo Kawamoto: by reporter Darren Boey: editor. [Extracted from the article]

Might the ride be more enjoyable if the computer doing all the driving were to talk to you, like KITT, David Hasselhoff's sentient car in the popular 1980s television series Knight Rider? It's a question worth considering, given that Google is working on a self-driving, 21st century version of KITT, and IBM has its whip-smart Watson computer (and Jeopardy! In the final test, the driver sat back while the computer controlled the car, but this time the machine operating the vehicle spoke with a human voice and it had a name: Iris. [Extracted from the article]

(Bloomberg Politics) -- Jeb Bush's Social Media Casualty Creates an App to Save Other People From His Fate Czahor's benign neglect failed to stop Andrew Kaczynski, a Buzzfeed reporter who toils in the social media salt mines, from finding 45 deleted tweets. [Extracted from the article]

The article reports on Watson, the computer smart enough to beat the champions of the quiz show Jeopardy! from International Business Machines Corp.(IBM). It would answer complex questions remotely, like a supercharged version of the Siri personal assistant built into Apple's iPhone. Researchers are now trying to figure out how to get that brainpower into the customer's pocket. Although the new service doesn't yet have a release date, Watson is already the company's most high-profile product.