“In 2019, the company obtained 418 patents, a 31% increase over the prior year. Bank of America spends $10 billion annually on technology, $3 billion of which is on growth initiatives Among the patents the bank obtained in 2019, notable areas included: 101 patents dedicated to programming technology 61 in the information security category 45 …
Tag: Brandon McGee
Artificial intelligence (AI) stands to transform every industry.
“According to Gartner, the average person will have more conversations with bots than with their spouse by 2020. Meanwhile, 70% of white-collar workers will interact with conversational platforms on a daily basis by 2022. Indeed, with the retail and eCommerce sectors having a compound annual growth rate (CAGR) of 42.8% between 2019 and 2025 The applications of AI in eCommerce…
AI on steroids: Much bigger neural nets to come with new hardware, say Bengio, Hinton, and LeCun
“LeCun predicted they new hardware would lead to “much bigger neural nets with sparse activations,” and he and Bengio both emphasized there is an interest in doing the same amount of work with less energy. ‘There are one trillion synapses in a cubic centimeter of the brain,” he noted. “If there is such a thing…
Nike Teams With Geek+ For Same-Day Delivery
“Smart logistics provider Geek+ announced a same-day delivery partnership with Nike, which will provide advanced robotics solutions for the athletics company’s new distribution center in Japan, according to reports on Wednesday (Feb. 5). Founded in 2015, Geek+ is a global logistics company that provides artificial intelligence (AI) solutions to help warehouses and factories improve their…
Transforming Paradigms A Global AI in Financial Services Survey
“Transforming Paradigms” was developed through partnership by the World Economic Forum, EY and Investco Executive Summary “This report presents the findings of a global survey on AI in Financial Services jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum in Q2-Q3…