“Before retiring from top-tier investment bank Goldman Sachs, Marty Chavez, the firm’s tech evangelist, predicted that it will be as important for traders to know how to code as “writing an English sentence.” About 75% of Citi’s trading activities were conducted electronically in 2019. One of the largest expenditures at the banks is technology. They…
Month: January 2020
AI is top fintech trend of 2019: study
“The value of AI in the fintech market is expected to rise four times by end-2024. The use of the technology is not limited to a single area, Fininbox head of development Anton Zujev remarked, with AI tools being utilised in customer service and fraud prevention.” https://asianbankingandfinance.net/financial-technology/news/ai-top-fintech-trend-2019-study Anton Zujev Head of Business Development Fininbox http://linkedin.com/in/anton-zujev
From ROI To RAI (Revenue From Artificial Intelligence)
“A report from Morgan Stanley provides quantitative examples of ROI from AI applications: • Machine learning is analyzing wind farms to make power predictions 36 hours in advance, enabling providers to make supply commitments to power grids a full day before delivery and increase the value of wind energy output by 20%. • In Australia,…
The AI Portfolio: 40% Growth YoY, Review And Adjustments | Seeking Alpha
“The last section of this article (about 35 pages) presented a portfolio of 13 companies (12 public ones) that may be construed as the world leaders in AI and associated industries. Alphabet (GOOG) (NASDAQ:GOOGL) (leadership in AI software) Amazon (AMZN) (leadership in AI software) Disney (DIS) (leadership in entertainment and original content) IBM (IBM) (leadership…
Lucidworks Acquires Cirrus10, Global Ecommerce Service Provider, To Deepen Domain Expertise and Become A Leader in Digital Commerce Solutions
“Lucidworks, leader in AI-powered search, acquires Cirrus10, ecommerce solutions expert with more than 100 ecommerce customers. Lucidworks’ AI-powered search produces relevant results, recommends products that meet customer goals, and predicts shopper intent to create a more engaging experience.” https://finance.yahoo.com/news/lucidworks-acquires-cirrus10-global-ecommerce-151510523.html