Last year was California’s most destructive wildfire season on record, with more than 1 million acres burned. This year is breaking different records. The Camp Fire is the deadliest wildfire in California history, with 85 people dead and 249 listed as missing. Officials said the fire, which was 100% contained on Sunday, has also destroyed some 19,000 buildings, most of them homes. As climate change threatens to expand the size of fires and make fire season an around-the-year event, government agencies, researchers, and companies are turning to AI to cut through a chaos of the data that precedes and comes out of these disasters. The hope is that earlier detection will help firefighters stop them from getting out of hand, aid in recovery, and prevent future fires from starting to begin with. Fighting fire from space Currently, most fires are reported by 911 calls, commercial flights, or fire lookout stations. That spotty approach lets some wildfires go undiscovered for hours or … [Read more...] about Future wildfires will be fought with algorithms
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Machine learning-based hiring corrects a traditional process that has prioritized status over skills and background over ability. Harj Taggar Published 10:30 am CST, Friday, November 9, 2018 Photo: Yuri_Arcurs | Getty Images Photo: Yuri_Arcurs | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Yuri_Arcurs | Getty Images How Machine Learning Can Create a More Meritocratic, Less Biased Job Market 1 / 1 Back to Gallery The traditional hiring process is failing candidates, companies and recruiters. It revolves around human interpretation of complex data that is too susceptible to prejudices and mental shortcuts. Related: Artificial Intelligence Is Likely to Make a Career in Finance, Medicine or Law a Lot Less … [Read more...] about How Machine Learning Can Create a More Meritocratic, Less Biased Job Market
The topic of machine learning-enabled artificial intelligence (AI) is gaining increasing visibility in the world of investment management. Of particular interest is the application of AI to the development of smarter robo-advisers that some hope, while others fear, will yield 'intelligent' and cost-effective investment management advice. This topic was raised by investment professionals during the recent CFA Institute travelling conference that went to Central and Eastern Europe and the Middle East. AI has also been the subject of a recent European Commission (EC) consultation document, to which CFA Institute submitted a response. What is machine learning? For the uninitiated, some quick defining of terms could be helpful. Machine learning is a technique that researchers, and now firms, have begun using to design more intelligent computer systems. The advantage of this approach is that instead of attempting to hard-code a computer with all the possible scenarios and actions a machine … [Read more...] about Machine learning, artificial intelligence and robo-advisers: The future of finance?
Sep 17, 1:38 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Jungwoo Ryoo 12/02/17 AT 4:10 AM You’re sitting at home minding your own business when you get a call from your credit card’s fraud detection unit asking if you’ve just made a purchase at a department store in your city. It wasn’t you who bought expensive electronics using your credit card – in fact, it’s been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent?Credit card companies have a vested interest in identifying financial transactions that are illegitimate and criminal in nature. The stakes are high. According to the Federal Reserve Payments Study, Americans used credit cards to pay for 26.2 billion purchases in 2012. The estimated loss due to unauthorized transactions that year was US$6.1 billion. The federal Fair Credit Billing Act limits … [Read more...] about Machine Learning And Big Data Know It Wasn’t You Who Just Swiped Your Credit Card
Alex Veiga, Ap Business Writer Updated 8:54 am CDT, Thursday, July 5, 2018 Photo: AP Image 1of/1 CaptionClose Image 1 of 1 This undated photo provided by ETF Managers Group shows Sam Masucci, founder and CEO of ETF Managers Group. Masucci recently talked to the Associated Press about his firm’s investment funds and why an AI fund manager might prove to be better at generating investment returns than the human variety. (ETF Managers Group via AP) less This undated photo provided by ETF Managers Group shows Sam Masucci, founder and CEO of ETF Managers Group. Masucci recently talked to the Associated Press about his firm’s investment funds and why an AI fund ... more Photo: AP Trust the machines? Funds run by artificial intelligence 1 / 1 Back to Gallery A computer can trounce a human chess master … [Read more...] about Trust the machines? Funds run by artificial intelligence