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Finance

AI to Decrypt One of The World’s Toughest Codes: The Central Bankers’ Language

Prattle, a tool invented in 2014 by Schnidman, a PhD from Harvard University, is capable of decoding the cryptic language of central bankers. Machines that mimic the human brain can read through dense and obscure policy statements and then offer a prediction. Robots that learn as they go not only analyse communications faster than humans, but also mitigate several human shortcomings. It takes about 45 seconds for the neural network of Prattle’s robots to read a 500-worded statement and map the words over 80 billion connections to learn how the language is interconnected. It then draws on all prior language from that central bank to determine the likely market impact. For Federal Reserve minutes, it acts even faster: clients start receiving analysis in less than a millisecond. Prattle, which was recently acquired by Liquidnet, claims its software accurately predicts G10 interest rate moves 9.7 times out of 10. The system creates a unique lexicon for each central bank board member and analyses language patterns over time. Read More

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Neuroscience

AI Tool Can Measure Brain Activity Patterns to Assess Knowledge

Scientists from Dartmouth College in the US have developed a novel AI that can measure how well students understand a concept based on their brain activity patterns. To test knowledge of concepts in STEM, researchers examined novices and intermediate learners' knowledge and brain activity compared when testing mechanical engineering and physics concepts. They then developed a new method to assess their conceptual understanding. Twenty-eight students participated in the study, broken into two equal groups: engineering students and novices. Based on the similarities in brain activity patterns, the machine learning algorithm method was able to distinguish the differences and generate a neural score that reflected their underlying knowledge. The study found that while both engineering students and novices use the visual cortex similarly when applying concept knowledge about engineering, they use the rest of the brain very differently to process the same visual image. This informational network analysis could also have broader applications, as it could be used to evaluate the effectiveness of different teaching approaches. Read More

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Robotics

AI Helps Drones Navigate Through Cluttered Environments

Scientists at Intel Labs and Mexico’s Center for Research and Advanced Studies of the National Polytechnic Institute have investigated a framework for self-guided drone navigation in cluttered unknown environments. The team’s algorithmic framework comprises of three components: an algorithm that produces maps of the disparity between measurements obtained from the drone’s depth sensor, a path generation model that takes into account field-of-view constraints on space that’s assumed to be safe for navigation and a model that generates robust motion plans. To test their framework’s robustness, the researchers performed experiments both in four real-world environments (a 3D maze, an industrial warehouse, a cluttered lab, and a forest environment) and in virtual environments using Robotic Operating System Kinetic, a popular open source robotics middleware. The technology can lead to systems that integrate trajectory tracking and prediction of dynamic obstacles, which might allow future drones to navigate more effectively in crowded environments. Read More

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Sports

AI-Powered Analysis and Highlights for 2019 FIFA Women’s World Cup

With the eighth edition of the FIFA Women’s World Cup in France being well underway, IBM is teaming up with Fox Sports to help transform production of the event by infusing AI analysis and live streaming into its coverage of the game. This year, Fox Sports is upgrading the viewer experience with a new broadcast segment called the ‘Player Spotlight” built with IBM Watson, an AI-backed tool to help generate stat analysis for match commentary using a natural language interface. Watson offers the power to reason, understand, categorise and analyze game footage, further enabling Fox Sports to enhance viewer engagement. With Watson, Fox Sports’ commentators can pull trends and statistics comparing individual and team performance. To produce these tournament trends and game statistics, Player Spotlight ingests detailed tournament data from Opta, a leading data provider that collects and analyses every pass, goal and penalty kick, all in near real-time. Fox Sports commentators then interact directly with the tool by entering queries into the navigation function, which in turn surfaces highlights, data and analytics that the broadcasters can reference on-air. Read More

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Human Resource

Meet K2! - The First HR Humanoid

Tech Mahindra Limited has introduced K2, the first Human Resource (HR) Humanoid, for its Noida Special Economic Zone Campus in Uttar Pradesh. K2 would take over the routine HR transactions to provide constant assistance to the HR team in creating an enhanced employee experience. K2 leverages state-of-the-art AI technology and initiates conversation without any need for wake-up commands. It can respond to queries with text display along with speech and can address general HR-related employee queries as well as handle personal requests for actions like providing pay slip, tax forms and more. K2 has been designed to add value to the employee life cycle across various touch points and to create a workplace of the future. The company plans to deploy the next Humanoid in its Pune campus and will further enable K2 software for an enhanced engagement with improved communication skills to carry out empathetic conversations from a wellness perspective. Read More

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Surveillance

Walmart Selfie Cameras Are on Duty

Walmart utilizes what it internally calls Missed Scan Detection, which helps detect when an item lands in a shopping bag without being scanned. The AI-powered visual scanners/cameras are placed at both self-checkout registers and ones run by store cashiers. A statement on behalf of Everseen AI, one of the companies that provides the AI vision technology for Walmart, confirmed that the program has been in place for nearly two years. Using machine learning technology to detect un-scanned goods has helped Walmart reduce shrinkage since its inception. Shrinkage doesn’t necessarily mean intentional theft, as it could also refer to items that accidentally bypass the register, which is known to be a major source of loss for brick and mortar shops. By utilizing AI to reduce the chances of shrinkage, Walmart employees aren’t solely responsible for preventing its occurrence. Read More

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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

Researchers Teleport Quantum Information into a Diamond

Researchers from Yokohama National University have managed teleport quantum information securely into one of the hardest structures on the planet, the diamond. The breakthrough could help to better share and store sensitive information. Quantum teleportation involves taking information from one place and recreating it in another all thanks to the quantum phenomena, quantum entanglement. In their study published in the journal Communications Physics, Japanese researchers manipulated an electron and a carbon isotope inside a diamond defect known to the science community as a nitrogen-vacancy center. To make this even possible, researchers constructed an oscillating magnetic field around the diamond, then used microwave and radio waves to entangle the electron and the carbon atom’s nucleus. Read More

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