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WITH the exception of a few governments big enough to run their own auctions, anyone wishing to issue bonds must seek bankers’ help. A hefty fee will buy assistance in calibrating the size, structure and timing of a bond issue, as well as connections to lots of buyers. And once a bank has agreed to […]
Enlarge (credit: UtaUtaNapishtim via Wikimedia Commons) Every human culture has a special way of laying its dead to rest. Some cremate the remains, some lay them beneath the open sky, and others place them in the ground. Regardless of its form, that final ritual implies an understanding of our own mortality, one of the things […]
AP Photo/Connie Zhou Back in May, Google revealed its AutoML project; artificial intelligence (AI) designed to help them create other AIs. Now, Google has announced that AutoML has beaten the human AI engineers at their own game by building machine-learning software that’s more efficient and powerful than the best human-designed systems. An AutoML system recently […]
Enlarge (credit: Getty Images) The machine-learning smarts that help Google know what’s in a photo and let Amazon’s Alexa carry on a conversation are getting a real job. “ML” platforms from vendors like Amazon, Google, IBM, Microsoft, and others can automate business processes on a previously impossible scale and free up employees for more creative, […]
MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon. To cite just a few examples, “heads of machine-learning” can be found at PwC, a consultancy and […]
