Alibaba and Baidu offer AI genomics research to help fight the China coronavirus outbreak

“The secret to stopping the deadly coronavirus is hidden in its genome. Epidemiologists in China are currently racing to develop a vaccine and other treatments for the novel coronavirus, which has already killed at least 170 people and infected thousands. China’s Center for Disease Control and Prevention (CDC) said researchers isolated virus strains for vaccine development, according to a report from state media last week. Similar efforts have been going on in Australia, where scientists have recreated the virus and shared the genome sequence.”

JP Morgan expands dive into machine learning with new London research centre

  • “The US investment bank has recently launched a Machine Learning Centre of Excellence (ML CoE) in London and has hired Chak Wong who will be responsible for overseeing a new team of machine learning engineers, technologists, data engineers and product managers.”

  • Chak Wong

    Head of London Machine Learning Centre

    Opportunities And Limitations Of AI In Indian Banking

    • “According to the research report, the global spending in AI applications reached $5.1 billion in 2015.
    • The total potential cost savings from these applications are expected to touch $447 billion by 2023.
    • Various industry reports found that 36% of large financial institutions are already using such technologies and about 70% are planning AI-enabled digital transformation in the coming years.”

    Not All AI Is Created Equal: How To Select The Right Type For Your Business Needs

    “It’s no surprise then that spending forecasts for AI are skyrocketing, with worldwide spending estimated at $35.8 billion. This uptick could yield $2.9 trillion of business value and 6.2 billion hours of worker productivity by 2021.”