Andrew Ng, former artificial intelligence chief of Baidu and founder of Google Brain, is launching a new online course for deep learning; the course will be available through the online education site he co-founded, Coursera, and will include content from his popular machine learning course at Stanford where he is currently a professor. Source
JPMorgan will soon be using robot technology to execute trades across its global equities algorithms business; the artificial intelligence, also known as LOXM, will be launched across Asia and the US in the fourth quarter; LOXM's job is to execute client orders with maximum speed at the best price, by using lessons it has learned from billions of past trades; one possible evolution of LOXM is teaching the machine how to get to know individual clients, so that it could consider their behavior and reaction as it decides how to trade. Source
The average American checks their phone 47 times a day according to this study by Deloitte. The number is much...
According to Kai-Fu Lee, founder of venture capital firm Sinovation Ventures, robots could replace 50% of all jobs in the next decade; artificial intelligence capabilities such as rapidly dispersing loans or recognizing millions of faces at the same time can make businesses much more efficient; while humans will still represent a significant portion of the labor market, specifically in service jobs, the efficiencies of artificial intelligence solutions make them hard to overlook. Source
SenseTime has raised $60 million to support artificial intelligence technology development for the firm; SenseTime provides face recognition technology services to over 300 companies and also offers text, vehicle and image recognition; the firm's recent $60 million funding round was led by Shanghai-based Sailing Capital International. Source
At LendIt's Lang Di Fintech conference this July in Shanghai, Up Financial CEO Steven Yuan talked about the power of big data and artificial intelligence for the economy; he calls this intelligent finance and believes that using these tools will allow for investing to come to the masses; he also thinks that the tools can help to lift up the broader economy; he points to a report by Boston Consulting Group about China's private investable assets in the next three years and believes there is an enormous opportunity to leverage wealth management; Up Financial's goal is to create a personalized new financial system for individual investors and big data plus artificial intelligence will allow for them to potentially reach these goals. Source
Editor’s Note: This is a guest post from Marc Stein, CEO at Underwrite.ai and Principal at Artificial Intelligence Capital Management....
In Austin last week American Banker hosted their annual Digital Banking Conference where banks of all sizes gathered to discuss...
The LendIt team is excited to return to China for our second annual Lang Di Fintech conference on July 15...
41 fintech artificial intelligence deals occurred in the first quarter of 2017; other top industries for investment in the first quarter included sales and client relationship management and health care; overall, there have been 2,320 total deals from the first quarter of 2012 through the first quarter of 2017 accounting for investment of $15.4 billion. Source