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Showing posts with the label AI

Finance will need people who can work with robots as AI takes a 3rd of jobs

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Today, it’s not just humans competing for work in banking. Machines are becoming a threat to warm-blooded number crunchers worldwide. Indeed, almost one-third of financial-services jobs could be displaced by automation by the mid-2030s, according to a report by PricewaterhouseCoopers LLP last year. Despite those stark forecasts, some optimists argue that the rise of machines at banks isn’t simply taking away jobs, but rather changing their definition and adding some roles. Job seekers with expertise in artificial intelligence, machine learning, and data science are among the most in-demand candidates in finance, according to hiring sites Glassdoor, LinkedIn, Hired, and ZipRecruiter. It’s not only disrupters such as Square Inc or Stripe Inc hiring this talent; legacy financial companies such as JPMorgan Chase, Capital One, and Morgan Stanley are scooping these people up as well. In the US financial sector alone, job postings that list these big data skills as requirements incr

CES 2019: From AI to IoT and 5G, innovations that will be big at tech event

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The Consumer Electronics Show 2019 (CES 2019), a five-day yearly technology-centric event, is set to start from January 8 in Las Vegas, US. Like its earlier iterations, this year’s event would see technology majors, start-ups and technology enthusiasts coming together to unveil, announce and showcase innovations that would dominate the technology space for the rest of the year. Business Standard lists five major themes that are expected to dominate the mecca of technology this year. Since its inception, AI has come a long way. At CES 2019, technology enthusiasts are expected to showcase innovations in this machine-based self-learning technology, which will be a new milestone and see its deployment in areas that are currently not under its purview. As a result, the said technology is expected to become mainstream this year and reach consumers in more ways than at present. IoT is about connected devices that communicate, interact and work in tandem to deliver experience t

12th Jaipur Literature Festival: AI, cli-fi, genetics sessions on line-up

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Science will be one of the focal points at the upcoming Jaipur Literature Festival (JLF) with a line-up of sessions on topics like artificial intelligence, genetics, post-human future, cli-fi (climate change fiction). As the curtains on the 12th edition of JLF went up Monday evening, co-director Namita Gokhale told PTI that this year the literary extravaganza would lay greater emphasis on "science", something they would "want to develop even further in future years". "Our world is changing so fast... this year we have sessions on artificial intelligence, genetics and what the future holds for our planet. There is a new term now -- cli-fi. We have a beautiful session on cli-fi, on what would happen if bees disappear. "I feel at this moment in our country it is very very important to give impetus to empirical thinking," the author of "Paro: Dreams of Passion" said. Nobel Laureate Venki Ramakrishnan will speak on the '

AI better at predicting heart disease deaths than doctors: Study

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Scientists have developed an artificial intelligence (AI) system that can better predict the risk of death in patients with heart disease than human experts. In a study published in the journal PLOS One, researchers showed how the AI could revolutionise healthcare. "It won't be long before doctors are routinely using these sorts of tools in the clinic to make better diagnoses and prognoses, which can help them decide the best ways to care for their patients," said Andrew Steele, from the Francis Crick Institute in the UK. "Doctors already use computer-based tools to work out whether a patient is at risk of heart disease, and machine-learning will allow more accurate models to be developed for a wider range of conditions," said Steele. The model was designed using the electronic health data of over 80,000 patients, collected as part of routine care. Scientists, including those from the University College London in the UK, wanted to see if they