Artificial Intelligence Is No Hype

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Artificial Intelligence Is No Hype

Earlier this month I had the pleasure of attending the 2018 AI Summit in London alongside members of the CFTE team. The event had a good mix of large corporations and start-ups taking up the stands outside of the different stages, speaking of the rise of Artificial Intelligence in Finance. It provided the perfect preparation ahead of the launch of the AI in Finance course.

Starting with corporations at the Summit, Intel was showcasing the power of Watson as a multipurpose AI-based cloud infrastructure to conduct business processes. The representatives explained that Watson can be customised to address specific needs that cannot be handled by off-the-shelve AI models. How long until Watson is able to surpass the Turing test?

Oracle focused on the application of Artificial Intelligence to the Internet of Things. The company has integrated an IoT sensor inside a motorcycle to generate analytics about the vehicle’s behaviour. This reminded me of XAIN, an innovative start-up that is working with car manufacturers to integrate sensors within cars and to manage access to the data through digital keys on a permissioned blockchain.

Microsoft did not want to miss the AI Summit either, with representatives from the company highlighting the power of Azure as a cloud-based infrastructure for off-the-shelve machine learning models. I recommend that you go take a look at the Azure website to browse the different models for which users can rent computing power to process their data.

Amongst the most interesting start-ups that were present at the event was Brainpool, a company that has enlisted a range of leading experts across AI sub-fields. These experts are available for work on a consultancy basis. Consensys, a company that has built a portfolio of Ethereum-based blockchain applications, was also present at the conference to talk about the use of AI amongst its portfolio companies.

The talks themselves were divided into different stages, which focused on finance, healthcare, consumer topics and general trends respectively. Out of the talks I was able to attend, Daniel Drummer’s talk on the use of AI in banking stood out. AI is being used to automate much of the back-office tasks, including due diligence on documents, fraud detection and even responses to customer queries. If you feel like you missed out, these are all topics that are covered in the AI in Finance course!

Unlike other developing technologies such as blockchain, AI is already having a huge impact on our lives. When it operates well, it goes unnoticed for the end-user, which is why it is important to understand its inner workings and main use cases. In this regard, many believe that learning about AI will be a prerequisite to staying relevant in the labor market of the future.

If you are interested in the topics discussed in this post, I can only encourage to take the course and can say from experience that you are in good hands. Thanks again to the CFTE for having allowed me to join the conference. I look forward to sharing further insights on technological trends with you. If you also share an interest in AI or blockchain, feel free to reach out to me on LinkedIn here.

AI Summit — June 2018 — Alfonso Delgado De Molina

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Artificial Intelligence Is No Hype

Earlier this month I had the pleasure of attending the 2018 AI Summit in London alongside members of the CFTE team. The event had a good mix of large corporations and start-ups taking up the stands outside of the different stages, speaking of the rise of Artificial Intelligence in Finance. It provided the perfect preparation ahead of the launch of the AI in Finance course.

Starting with corporations at the Summit, Intel was showcasing the power of Watson as a multipurpose AI-based cloud infrastructure to conduct business processes. The representatives explained that Watson can be customised to address specific needs that cannot be handled by off-the-shelve AI models. How long until Watson is able to surpass the Turing test?

Oracle focused on the application of Artificial Intelligence to the Internet of Things. The company has integrated an IoT sensor inside a motorcycle to generate analytics about the vehicle’s behaviour. This reminded me of XAIN, an innovative start-up that is working with car manufacturers to integrate sensors within cars and to manage access to the data through digital keys on a permissioned blockchain.

Microsoft did not want to miss the AI Summit either, with representatives from the company highlighting the power of Azure as a cloud-based infrastructure for off-the-shelve machine learning models. I recommend that you go take a look at the Azure website to browse the different models for which users can rent computing power to process their data.

Amongst the most interesting start-ups that were present at the event was Brainpool, a company that has enlisted a range of leading experts across AI sub-fields. These experts are available for work on a consultancy basis. Consensys, a company that has built a portfolio of Ethereum-based blockchain applications, was also present at the conference to talk about the use of AI amongst its portfolio companies.

The talks themselves were divided into different stages, which focused on finance, healthcare, consumer topics and general trends respectively. Out of the talks I was able to attend, Daniel Drummer’s talk on the use of AI in banking stood out. AI is being used to automate much of the back-office tasks, including due diligence on documents, fraud detection and even responses to customer queries. If you feel like you missed out, these are all topics that are covered in the AI in Finance course!

Unlike other developing technologies such as blockchain, AI is already having a huge impact on our lives. When it operates well, it goes unnoticed for the end-user, which is why it is important to understand its inner workings and main use cases. In this regard, many believe that learning about AI will be a prerequisite to staying relevant in the labor market of the future.

If you are interested in the topics discussed in this post, I can only encourage to take the course and can say from experience that you are in good hands. Thanks again to the CFTE for having allowed me to join the conference. I look forward to sharing further insights on technological trends with you. If you also share an interest in AI or blockchain, feel free to reach out to me on LinkedIn here.

AI Summit — June 2018 — Alfonso Delgado De Molina

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