“Yes, when it comes to sophisticated algorithms and AI (Artificial Intelligence), even some of the world’s most valuable companies can get things wrong. What’s interesting is that one of the selling points of the Apple Card was that it would provide credit to those with little or no credit histories ‘Here’s the thing most people don’t…
Tag: artificial intelligence
China’s Alibaba, JD report booming Singles Day sales
“Chinese e-commerce giants Alibaba and JD.com reported nearly $60 billion in sales Monday part way through Singles Day Alibaba said sales by merchants on its platforms totaled 221.6 billion yuan ($31.7 billion) by 6 p.m., passing last year’s total of $30.8 billion. Online sales of goods rose 16.8% over a year earlier in the first…
How Will AI Transform Banking?
“CB Insights briefing on AI in banking with CBI analyst Deepa Varadharajan. This Interview was recorded on June 12th, 2019 at the Future of Fintech conference in NYC.” Deepa Varadharajan Lead Analyst, AI at CB Insights http://linkedin.com/in/deepashri
Alibaba’s AI Deters 300 Million Hacking Attempts
“Alibaba’s founder and former CEO Jack Ma said the company’s payments arm, Alipay, faces over 300 million hacking attacks every day, but it hasn’t suffered any problem. Alipay has one billion users and handles $50 billion worth of transactions every day and thus a target of cybercriminals.” https://esellercafe.com/alibabas-ai-deters-300-million-hacking-attempts/
AI or Die: 4 Ways Model Governance Can Help You Win at Digital Transformation
“Fortunately, you can seize the advantages of these models and score big with AI while simultaneously defending against risks. Here are four ways to make it happen. Unite model ecosystem silos Gain transparency into the inner workings of models Spot connections and potential snowballing risks Lower costs through improved resource allocation and efficiency” http://m.bankingexchange.com/big-data/item/8022-ai-or-die-4-ways-model-governance-can-help-you-win-at-digital-transformation David…