Singularity Pulse  
     
  Banking

AI to Accelerate the Mortgage Approval Process

LoanSnap Inc has launched a smart loan technology for getting a mortgage faster and easier. Customers will have to scan their driving license and put in the last four digits of their social security number to verify their identity, and within minutes they will have pre-approved smart loan options which are tailored to their own personal circumstances using their credit history. LoanSnap’s software pulls the applicant’s personal and financial information so it doesn’t have to be entered manually and runs continual compliance checks to avoid application bottlenecks. Data gathered is used to give customers advice on things like whether to consolidate credit card debt or consider refinancing their home. Rather than push the same mortgage every other lender offers, LoanSnap analyses a customer's financial situation in seconds and shows simple ways to benefit from a smarter loan

 
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Reducing Cost of Training Artificial Neural Networks

An artificial neural network is a type of artificial intelligence that uses connected units to process information in a manner similar to the way the brain processes information. Researchers have shown that it is possible to train artificial neural networks directly on an optical chip. The significant breakthrough demonstrates that an optical circuit can perform a critical function of an electronics-based artificial neural network and could lead to less expensive, faster and more energy efficient ways to perform complex tasks such as speech or image recognition.

Technology  
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  Finance

AI to Provide a Newsfeed Relevant to Portfolio Holdings

State Street Corporation launched State Street Verus, an application that builds a newsfeed that is custom-tailored to deliver the articles that are most relevant to portfolio holdings. Verus collects articles from Thomson Reuters and other English-language publications to search for keywords associated with portfolio holdings. Once a connection is determined, the algorithm considers the content of the article, risk (as determined by State Street's truView platform) and third-party relationship data to prioritize the articles for each user..

 
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AI to Accelerate the Treatment Pathway for Cancer Patients

Mirada’s DLCExpert uses Deep Learning, a form of Artificial Intelligence technology, to fully automate the tumor and organ at risk delineation process. DLCExpert has been shown to save up to 75% of the time required for delineating the tumor and associated critical structures. By using AI to mimic the best human expert contouring, DLCExpert can automatically generate contours that clinical users often find indistinguishable from human drawn contours. As a consequence, DLCExpert has been shown to save up to 75% of the time required for this task, therefore accelerating the treatment pathway for the patient.

Healthcare  
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  Miscellaneous

Scent Recorder to Analyze Smells

Israeli startup, NanoScent, has developed an electronic nose that can detect odours and flavours through a smartphone. Retailing for under $100, the NanoScent sensor is expected to hit store shelves next year as an adjunct to three health and wellness apps in the fields of nutrition, air pollution and illness detection in humans and agriculture. Initial trials have been successful in matching couples based on pheromone recognition. And in the beauty market, Nanoscent can analyze users’ unique body odors to direct them to the best soaps, perfumes and cosmetics to complement their scent.

 
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AI Can Identify Your Personality from Eye Movements

Scientists have developed a new artificial intelligence system that can track a person's eye movements to identify their personality type. Findings show that people's eye movements reveal whether they are sociable, conscientious or curious, with the algorithm software reliably recognising four of the Big Five personality traits: neuroticism, extroversion, agreeableness, and conscientiousness. Researchers tracked the eye movements of 42 participants as they undertook everyday tasks around a university campus, and subsequently assessed their personality traits using well-established questionnaires. This research provides opportunities to develop robots and computers so that they can become more natural, and better at interpreting human social signals.

Miscellaneous  
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  Utilities

Machine Learning to Predict Traffic by Tapping into the Power Grid

Researchers show that electricity usage may be key to understanding movement around the city. They looked at electricity usage from 322 households over 79 days, training a machine learning model on that usage and the patterns within it. The model learned to associate certain patterns with increases in traffic — so for instance, when a large number of households has a dip in power use earlier than usual, it might mean that the next day will see more traffic when all those early-to-bed people are also early to rise. The researchers report that their predictions of morning traffic patterns were more accurate using this model than predictions using actual traffic data.

 
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AI to Predict the Success of a Start up

SRKay Consulting Group’s new algorithm can predict a startup's future. The algorithm uses several human-only attributes for the prediction, which have been largely ignored by startups, investors and funding groups, according to the company's statement. About 78% of startups are successful due to human-only factors while the failures are primarily because of ignoring these factors. MindMatch uses artificial intelligence and psychological analysis to predict success at individual and team levels, the company added. More than 90% of startups in India fail within the first five years, a 2017 study by IBM showed. The third-biggest reason for startup failures was not having the right team, according to a study by CB Insights.

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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

Quantum Computing for Simulation of Chemical Bonds Using Trapped Ions

International group of researchers has achieved the world's first multi-qubit demonstration of a quantum chemistry calculation performed on a system of trapped ions, one of the leading hardware platforms in the race to develop a universal quantum computer. The research, led by University of Sydney physicist Dr Cornelius Hempel, explores a promising pathway for developing effective ways to model chemical bonds and reactions using quantum computers. Other possible applications include the development of organic solar cells and better batteries through improved materials and using new insights to design personalised medicines.

 
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Device That Will Aid in Making Quantum Computing Operations Easier

Startup creates a device that’s designed to make it easier to start operating quantum computing-like operations on near-term problems like signal processing or time measurement. The primary aim of ColdQuanta’s hardware is to create a “neutral” set of atoms that all have identical properties of the ones next to them. It does that by using a set of lasers to bring them to a near standstill — within a millionth of a degree of absolute zero — and then control their properties using lasers. That way, a researcher or team could scale that up to a larger system where they can start finding applications right away.

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