Singularity Pulse  
     
  Banking

UBS Bank Digitally Clones Its Economist to Advice Its Customers

A Swiss investment bank has digitally cloned its chief economist. It will handle multiple urgent client queries at the same time. UBS is running a trial run of its project called “UBS Companion” in which it will offer the avatar of Daniel Kalt, its chief economist, to 100 of its clients in central Zurich. FaceMe, an AI company, built the avatar for UBS using IBM technology. While it has striking similarities, customers will always have the option to talk to the real person as per their wish.

 
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AI Enables Investors to Access Real-time Analysis for ESG Investments

According to Cerulli Edge, the use of big data and AI is radically transforming data gathering, opening up ESG investments to quant funds. AI is enabling investors to access huge amounts of information from objective sources, bringing greater frequency, granularity and real-time analysis to ESG investments. Up to now, ESG has been unable to fully capitalize on quantitative investments, mainly because weaknesses in the data made it difficult to build strategies. Investors can now measure intangible factors that account for up to 80% of a corporation’s value — such as brand value, innovation levels or employee satisfaction. Cerulli reports on one asset manager that uses raw and unstructured data to build an initial “input layer,” which combines companies’ own reporting along with external information gathered from more than 50,000 sources in 15 languages to create a daily view of some 7,000 companies around the world.

ESG  
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  Banking

AI Backed Virtual Assistant for Credit Card Users

SBI card, India's second largest credit card issuer, has announced the launch of its virtual assistant for customer services and support. It is called ‘ELA’ (Electronic Live Assistant). Driven by AI and ML, it is designed to provide customers with instant responses on each query raised by them. Customers can use simple conversational language to communicate with the assistant. As on date, the virtual assistant is currently hosted on the SBI Card website and will be integrated on the mobile app in coming future.

 
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AI Algorithms to Be Used for Supercharging Patents

Aistemos, a London-based startup has built a patent-trawling tool which was being used by Softbank and the law firm Slaughter & May to trawl through Softbank’s patent portfolios. The software could read through several documents at a brisk pace as well as analyze thousands of pages of technical information at a brisk pace, as compared to humans. Softbank bought powerful chip designer ARM in July 2016 and the same software was used to trawl through ARM’s patent portfolios. In a report, it was found out that licensing opportunities for patents would increase by 6%, if information availability is efficient.

Information Technology  
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  Health Care

Deep Learning AI Technology to Detect Illness by Analysing Human Breath

Researchers from Loughborough University, University of Edinburgh, and the Edinburgh Cancer Centre have recently developed a deep-learning algorithm which is capable of analyzing compounds in the human breath and detect illnesses, including cancer. Using NVIDIA Tesla GPUs, cuDNN-accelerated Keras, and TensorFlow deep learning frameworks, the algorithm was trained on data from patients with different types of cancer receiving radiotherapy. Data augmentation was used to increase the original training data by over 100 times. This was done to increase neural network’s efficiency.

 
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AI Technology to Predict Breakdown of Machines

Noiseless Acoustics and OneWatt are working together on an AI algorithm to understand sound patterns of troubled machines. This will enable engineers to detect problems faster and thus, prevent long down time due to frequent breakdown of machines. They will make use of non-invasive sensors, machine learning algorithms and predictive maintenance solutions to recognize failing components of the machines. OneWatt’s Embedded Acoustic Recognition Sensors (EARS) device in amalgamation with ML program and frequency analysis are predicting faults before they occur.

Mechanical Engineering  
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  Road Transport

AI System to Help Prevent Water Logging in Cities

Students from Netaji Subhas Institute of Technology (NSIT) have developed an AI system that can identify areas prone to waterlogging problems. Additionally, it may provide intelligence in metro cities to avoid road congestions caused during monsoon showers. Past travel time data, sourced from smartphone-based cab service Uber, was used to identify areas susceptible to waterlogging. Elevation data of the area was married with it. Intensity of waterlogging was calculated based on rainfall data and day of the week.

 
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Alibaba’s AI Tool to Have Passed the Turing Test

Alibaba’s digital marketing arm Alimama has unveiled an AI powered copywriting tool. The AI copywriter uses deep learning and natural language processing technologies to learn from millions of samples of original products. It then creates a copy of those products. For training purposes, it is using data from e-commerce sites like Tmall and Taobao, which are owned by Alibaba itself. As of now, it has passed the ‘turing test’ and is producing 20000 lines of copy in a second.

Information Technology  
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  Designing

AI Powered Logo Creator Creates Multiple Samples in Few Minutes

Tailor Brands, a start-up focusing on robotization of branding and marketing for small businesses has developed an AI algorithm which works as a logo creator for the company. It generates logo designs based on basic information about the brand like its industry and style preference. It also asks information about type of logo; whether icon based, name based or initial based. Once fed with all the information required, it produces multiple logo designs, including mockups of business card, merchandise and social posts.

 
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“Quantum Computing, a revolution in technology, has shown great promise towards solving complex computing problems currently outside the capabilities of current computers. Though in its infancy, we at Decimal Point Analytics strongly believe that it is going to grow exponentially in the near future. It holds the potential not only to boost the AI revolution but also transform the way data is synthesized. The articles on Quantum computing will give an insight into the recent developments in this space.”
 
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  Quantum Computing

Semiconductor Quantum Transistor Makes Photon-Based Computing Possible

Qubits are information carrier in quantum computing. They follow rules of quantum physics. Scientists have tired using photons instead, but it requires photons to interact with each other, something that doesn’t happen usually. Researchers have overcome this hurdle by demonstrating first single-photon transistor using a semiconductor chip. Nearly 1 million such transistors can fit on a single grain of salt and are able to process 10 billion photonic qubits every second. Photonic chip is made of numerous holes which traps the light falling upon it.

 
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Flawed Diamonds Offer Technology for Quantum Communications

Princeton-led research team has created diamonds with defects, called “synthetic diamonds”, thus making them capable of storing and transmitting quantum information. Defects can store quantum information in form of electrons for long periods of time and link it efficiently to photons. Such quantum information network would be extremely secure and would allow new quantum computers to work together. Earlier attempts were made by using nitrogen vacancies, where a nitrogen atom takes the place of one of the carbon atoms. These defects store information, they don't have the correct optical properties. This is overcome by using diamonds instead.

Quantum Computing  
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