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...The world’s largest money manager said in a memo to staff that it has used generative AI to construct a “co-pilot” for its Aladdin and eFront risk management systems....
...“The automation of policing has only just begun,” said Misbah Khan, who is the German Green party‘s rapporteur on data protection and privacy rights....
...Do also read the great John Plender’s essay on the overlooked threats to the global financial system....
...A version of this article was first published by Nikkei Asia on November 16. ©2023 Nikkei Inc. All rights reserved....
...“They have welcomed automation and even defended downsizing of companies by saying this is the only way to survive. There is a big difference to [US union] UAW. Maybe that is why Musk gets it wrong”....
...Marketing automation company Klaviyo, which raised the price range for its IPO by two dollars to $29 per share this week, is expected to start trading in New York on Wednesday....
...The next logical step for Kamakura Foods might seem to be mainland China, where wages are rising and automation in the food industry is growing....
...Zhang’s company Cloudpick offers a computer vision system that can turn any small convenience store into an Amazon Go-like experience for shoppers....
...First Data has also found success under Fiserv ownership, with its Square-like Clover product and its Carat operating system....
...Additional reporting by Echo Wong by Hong Kong A version of this article was first published by Nikkei Asia. ©2023 Nikkei Inc. All rights reserved....
...It is also exploring possible task automation, which would further accelerate business outcomes for the telecoms company....
...It has introduced robotic process automation in areas such as e-discovery and sanctions monitoring and rolled out an artificial intelligence review tool for contract analysis....
...“For Apple to give that system up is tricky,” says Goldberg....
...Put another way, the type of automation the likes of Lyft are betting on to boost balance sheets does not exist. It never has, and it never will....
...Gary Haines, 60, of Market Drayton, Shropshire who controlled Tritec Systems and Electron Systems, admitted two corruption offences and received a suspended jail term of 20 months....
...Its forte is its sound....
...To achieve this, it has boosted its use of an AI technology known as robotic process automation....
...Using AI also makes the search function more sophisticated, which helps clients better access data in the document management system....
...IQ, an AI company helping lenders like Ally Financial add automation to the loan underwriting process....
...However, high upfront costs and energy needs have been big obstacles to the adoption of large automation systems....
...Instead of unburdening the working lives of junior bankers, automation could mean they do more....
...The system, known as AlphaCode, is a sign of the evolution of AI and would allow the automation of computer programming....
...and complex operations that could lead to serious knock-on effects if any part of a system broke down....
...But in reality, any widespread switch to automation is unlikely to happen for many years, because of political opposition and regulatory constraints — voters and politicians are terrified of those robot...
...Automation and scale have reduced trading friction. The latest computing advances from the tech titans could create further efficiencies....
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