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Is Artificial Intelligence Going To Take Your Job?
One expert explains why AI isn't going to take over all our jobs -- in fact, it may create more opportunities in the long run.
Why an obscure British data-mining company is worth $3 billion
Dunnhumby is a global data services firm, working with some 20 major retailers in nearly 50 countries. Apart from loyalty cards, it also gathers data about 350 million people from television viewing patterns, online behavior, and surveys. Then it puts it all together to figure out whether someone who saw an ad on TV actually went out or online to buy a product.
Apart from loyalty cards, it also gathers data about 350 million people from television viewing patterns, online behavior, and surveys. Then it puts it all together to figure out whether someone who saw an ad on TV actually went out—or online—to buy a product.
Who Really Controls What You See in Your Facebook Feed—and Why They Keep Changing It
Every time you open Facebook, one of the world’s most influential, controversial, and misunderstood algorithms springs into action. It scans and collec ...
It doesn’t just predict whether you’ll actually hit the like button on a post based on your past behavior. It also predicts whether you’ll click, comment, share, or hide it, or even mark it as spam. It will predict each of these outcomes, and others, with a certain degree of confidence, then combine them all to produce a single relevancy score that’s specific to both you and that post.
Robots Could Steal 40% of U.S. Jobs by 2030
Some jobs are at greater risk than others
The jobs more likely to be taken over by robots include those in the transportation and storage (56%) sectors, as well as manufacturing (46%) and retail (44%).
Uber’s self-driving truck company just completed its first shipment: 50,000 cans of Budweiser
In the early morning hours of October 20th, an 18-wheeler tractor trailer pulled into Colorado Springs, Colorado, bearing 50,000 frosty cans of Budweiser beer. Normally, this would not be a...
JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours
At JPMorgan Chase & Co., a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours.
The program, called COIN, for Contract Intelligence, does the mind-numbing job of interpreting commercial-loan agreements that, until the project went online in June, consumed 360,000 hours of work each year by lawyers and loan officers.
JPMorgan is scouring for more ways to deploy the technology, which learns by ingesting data to identify patterns and relationships. The bank plans to use it for other types of complex legal filings like credit-default swaps and custody agreements. Someday, the firm may use it to help interpret regulations and analyze corporate communications.
Traders are out, computer engineers are in, as Goldman Sachs goes digital
Software that works on Wall Street is changing how business is done and who profits from it.
Next, Chavez said, will be the automation of investment banking tasks, work that traditionally has been focused on human skills like salesmanship and building relationships. Though those “rainmakers” won’t be replaced entirely, Goldman has already mapped 146 distinct steps taken in any initial public offering of stock, and many are “begging to be automated,” he said...Investment bankers working on corporate mergers and acquisitions at large banks like Goldman make on average $700,000 a year, according to Coalition, and in a good year they can earn far more.
SolarCity advisor Lazard made $400 million valuation mistake in Tesla deal
Lazard, the investment bank that advised SolarCity on its sale to Tesla, made an error that discounted the value of the solar energy company.