From opening a bank account or buying an insurance policy to fighting cancer or even buying a pair of shoes, we are increasingly being helped or influenced by artificial intelligence (AI). In Mumbai, designers Falguni and Shane Peacock used AI to create their latest collection. In Bengaluru, a startup is using AI to improve detection of breast cancer and also make treatment cheaper. And in the Tata Motors plant in Pune, a robot is skilled enough to do 30 different tasks — that's artificial intelligence again.The world around is changing much faster than we can imagine, and this six-part series goes behind the scenes to understand how. Part I dealt with AI's impact on the auto sector, Part II on insurance segment, while Part III dealt with medical diagnostics. Today, we look at how artificial intelligence could be a threat to independent financial advisors.Robo-advisers are nothing but financial planning through artificial intelligence. … [Read more...] about AI disruption: Is robo-advisory a threat to financial planners?
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Max Blachman-Gentile started selling bread on Instagram in 2017: sourdough. An everything boule. Ancient grain. Porridge loaf. Each its own perfect rounded shape, crisp on the outside with perfect bubbling within. Slide into his DMs, and two days later you could find yourself with a loaf in hand. advertisement advertisement View this post on Instagram Almost too delicate to cut. Almost. #handmixed #sourdough #bread #crumb A post shared by Max Blachman-Gentile (@maxbeegee) on Jun 26, 2018 at 1:14pm PDT Blachman-Gentile is part of a subset of Instagram users who use the platform as a digital storefront for their offline businesses. It is where new products launch and get sold–fast. Instagram says there are 25 million business accounts on its platform. Yet only 2 million of them actually advertise on Instagram, according to the company. Instead, many entrepreneurs are using a variety of scrappy tactics to build their brands to create wildly successful … [Read more...] about These next-generation small businesses only exist on Instagram
Something big happened last week, and I’m not sure anyone really noticed. Both Facebook and Lenovo (with partner Google) released new VR headsets: the Oculus Go ($200) and the Mirage Solo ($400) respectively. Just like plenty of other VR headsets, these devices allow you to fly over mountains in a squirrel suit, watch YouTube on a 100-foot screen, and blast zombies to smithereens. advertisement advertisement projected to be a bestseller in the industry. They were also designed as completely stand-alone gadgets, like an iPod for VR. They require no tower PC, no tracking systems mounted to your walls, and no heavy cord attached to the back of your head. They don’t ask you to put your smudgy phone into a little scuba goggles case, either. Sitting on my couch, I can slide on the Go or Solo, pick up a tiny remote, and be inside the world of VR in moments. It just goes to show how freakin’ fast a whole new paradigm of computing can move when it’s backed by … [Read more...] about Google and Facebook are now tantalizingly close to solving VR
Fields of Dreams: Sugarcane plantations next to Amyris’s Paraíso plant near São Paulo | Photo by Ian Allen The climb up the steel steps is dizzying–like ascending the tower of a European church, except the steps lead to a platform bolted to the side of a gleaming new chemical plant. Here in Brazil, under a brilliant blue sky, Eduardo Loosli, the plant manager, pauses to explain a vision of the future. “I used to manage a Molson Coors beer manufacturing plant, and it’s not all that different,” he says, leaning on a railing and surveying the scene around us. Directly below is a cityscape of huge stainless-steel tanks. Out beyond the tanks, and stretching far into the distance, are dense greenfields of sugarcane. advertisement advertisement Yeast turns grain into beer, Loosli says. Here, in this new plant, genetically engineered yeast created by the plant’s owners–the California biotech company known as Amyris–turns … [Read more...] about The Rise And Fall Of The Company That Was Going To Have Us All Using Biofuels
advertisement advertisement It’s true: We, like many others, were all over the Facebook IPO. Which is why when Facebook’s stock tumbled from $42 to $31 in less than a week after it began trading, we started looking for explanations. So did everyone else–from investors, to analysts, to the SEC to more pundits than anyone could count. What is clear is that Facebook and its underwriters fumbled several aspects of the IPO. What’s still unclear to even the loudest pontificators is what all this will mean for the way Wall Street and Facebook do business in the future. Even more importantly, how could it all matter to you? Here’s a timeline to help you navigate the news. The Blame Game: What Happened? Date: May 7What Happened: Facebook executives, including CEO Mark Zuckerberg, kick off the road show, a series of presentations a company makes in front of potential investors in order to stoke high desire for its stock. If Facebook were an ad … [Read more...] about Confused About Facebook’s IPO Flap? Here’s What It Means To You