Christophe Langlois
Top artificial intelligence news daily from 9th to 15th March 2020 curated by the VisibleBanking.com team with the help of our global fintech community.
In this series, we are aiming to create the most relevant and insightful weekly AI news with some of the best, most recent content worth sharing on social media.
The Challenge of AI News Curation
Unarguably, the biggest challenge on the likes of twitter is to cut through the noise. Indeed, too many people, even some of my good friends recognised as top fintech influencers tend to share:
- the same articles several times (a good technique to maximise the visibility of your content)
- older articles (sometime outdated, usually still relevant)
- striking (highly shareable) infographics without sources
Consequently, it makes it rather challenging to flag the best, recent news and stories.
Top AI News: Methodology
We essentially spend most of our days scanning though the top articles on Google and monitoring the most relevant articles shared by the global fintech community on twitter and linkedin.
Last but not least, we proactively ask our fellow fintech influencers to recommend their top picks.
AI News Daily: Contribute!
We invite you to help us by mentioning/tagging @Visible_banking on your top tweets and voting for your favourite article(s). Additionally, please share your comments on any of those articles via the straight forward comment section available on every entry.
We moderate your submission, so please no self-promotion or vendor success stories here. Alternatively, feel free to enquire for our sponsoring opportunities.
All published content and contributors will get visibility on this article as well as on our trusted and well-followed twitter account and Christophe’s LinkedIn profile.
Top AI News: Week #10
You will find our shortlist of the top artificial intelligence news between 9-15 March 2020 below.
MENTIONS
PEOPLE: Spiros Margaris, Xavier Gomez
COMPANIES: INSEAD, Garanti BBVA, BBVA
TOPICS: cybersecurity, future of work, chatbots
CHANNELS: fintech, insurtech, regtech
#1 The 10 most innovative artificial intelligence companies of 2020
Artificial intelligence has reached the inflection point where it’s less of a trend than a core ingredient across virtually every aspect of computing. These companies are applying the technology to everything from treating strokes to detecting water leaks to understanding fast-food orders. And some of them are designing the AI-ready chips that will unleash even more algorithmic innovations in the years to come.
Source: FastCompany.com
#2 46% of Consumers Feel Better About AI
Recent surveys, studies, forecasts and other quantitative assessments of the progress and impact of AI highlight the growing respect for data and its uses by businesses everywhere and the increasingly positive—but still mixed—attitudes towards AI by US consumers.
Source: Forbes.com
#3 What Companies Tend to Get Wrong About AI
It’s almost impossible to pick up a trade journal, hear a start-up pitch or listen to a quarterly earnings call without hearing the two magic letters: AI. Over the past few years, interest in artificial intelligence has rocketed with no sign of abating. But in the stampede to build an AI strategy, executives fall into the following four main traps.
Source: INSEAD.edu
#4 Garanti BBVA releases Turkey’s first AI-based integrated annual report
BBVA’s Turkish unit broke new ground in the country, issuing Turkey’s first integrated annual report based on artificial intelligence. A leader in harnessing the power of technology in its products and services, the bank issued its 2019 Integrated Annual Report entitled ‘The Next Decade’.
Source: BBVA.com
#5 Unlocking AI in FinanciaI Services PLAYBOOK
“AI’s real-world usage may appear limited compared to the fanfare surrounding it today, but our research aims to accurately depict its adoption, so we precisely define AI,” the report states. “Systems fitting our definition must have current business applications and be able to work with and learn from dynamic data sets in real time, and these capabilities must be able to associate with specific entities within a system.”
Source: pymnts.com
#6 Top 12 AI Use Cases: Artificial Intelligence in FinTech
Before AI and the rise of FinTech, very few industry giants had the bandwidth to deal with the inherently quantitative nature of our now tech-savvy world. These AI use cases detail how AI has been a game-changer for FinTech.
Source: techopedia.com
#7 Should I Worry About… the philosophy behind AI?
At the heart of that question is fear of technology, one which science fiction writer Isaac Asimov had already attempted to pacify in his 1942 Three Laws of Robotics, the first of which is that a robot may not allow a human being to come to harm.
Source: CGTN.com
#8 9 Top Chatbot Trends That Will Take 2020 By Storm
The chatbot market is expected to grow from $703.3 million in 2016 to a whopping $3,172.0 Mn by 2021.
Source: Inc42.com
#9 Algorithms that run our lives are racist and sexist
From insurance payments to courtroom sentencing, AI makes increasingly complex decisions about our lives. And our belief that data is neutral allows algorithms to get away with murder. The fight back is being led by those most likely to find themselves on the wrong side of a computer’s decision.
Source: thecorrespondent.com
#10 How artificial intelligence is changing the game for banks
When the fintech sector moves to using artificial intelligence on an industrial scale, the winners are unlikely to be today’s big tech companies. Instead, think niche. Think small data sets. Think startups that you’ve probably not heard of before.
Source: sifted.eu
#11 Digital technologies take top spot in European patent applications
Patent statistics published today by the European Patent Office (EPO) show that for the first time in more than a decade digital technologies have taken the lead in patent applications filed.
Source: epo.org
#12 How is the European Commission governing AI and trying to gain trust
A major concern that has been cited regarding AI is gaining the trust of the public, and Reynders expressed the Commission’s goal to have Europe “not only be a digital leader, but also a trusted one.”
Source: information-age.com
#13 How Semantic AI Is Shaking Up Business Models In The Banking Sector
The financial sector generates a lot of valuable data, from individual purchases to large transactions. Given the enormous treasure that all this information holds, expectations of the impact of artificial intelligence (AI) in the banking sector could not be higher.
Source: forbes.com
#14 How Business Leaders Can Use AI to Bridge the Cybersecurity Skills Gap
According to a report, it is estimated that there will be 3.5 million unfilled cybersecurity jobs globally by the year 2021. And therefore, companies are struggling to find adequate qualified people to assist in creating an intelligent cybersecurity framework.
Source: analyticsindiamag.com
#15 AI has doubled average employee tenure in banking
The report titled The BFSI Engagement Index 2020' noted that, across organisations, the human resource (HR) team's query response rate had doubled from 33 percent through annual surveys to 60 percent when engaging with AI.
Source: yourstory.com
