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Archive for 13. Oktober 2017

IMF Identifies Nine Big Banks Likely to Struggle With Profitability

Posted by hkarner - 13. Oktober 2017

Date: 12-10-2017
Source: The Wall Street Journal

Projects Deutsche Bank, Citi, Barclays and others could deliver subpar profits by 2019

The International Monetary Fund said some of the world’s largest financial institutions—including Deutsche Bank AG, Citigroup Inc., Barclays PLC and a few Japanese institutions—could struggle in coming years to remain sufficiently profitable.

“About a third of banks by assets may struggle to achieve sustainable profitability, underscoring ongoing challenges and medium-term vulnerabilities,” the IMF said, referring to the world’s most important financial institutions.

The IMF’s critique of the banks came in its biannual Global Financial Stability Report, released Wednesday as finance ministers and central bankers from 189 countries gather in Washington for the annual meetings of the IMF and the World Bank. Den Rest des Beitrags lesen »

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Beijing Pushes for a Direct Hand in China’s Big Tech Firms

Posted by hkarner - 13. Oktober 2017

Date: 12-10-2017
Source: The Wall Street Journal

Government regulators have discussed stakes in Tencent, Weibo and an Alibaba subsidiary

China’s government is pushing some of its most important companies to give the state a direct role. Regulators have discussed 1% stakes in social-media giants, including Tencent. Here, pedestrians walk near Tencent headquarters in November 2016.

The Chinese government is pushing some of its biggest tech companies—including Tencent, Weibo and a unit of Alibaba—to offer the state a stake in them and a direct role in corporate decisions.

Wary of the increasing power of private businesses, internet regulators have discussed taking 1% stakes with social-media powers Tencent Holdings Ltd. and Weibo Corp. and with Youku Tudou, a YouTube-like video platform owned by e-commerce titan Alibaba Group Holding Ltd., according to people close to the companies.

While the authoritarian government already exerts heavy sway over businesses through regulation, a management role would give Beijing a direct hand in innovative companies that service hundreds of millions of Chinese. Den Rest des Beitrags lesen »

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Posted by hkarner - 13. Oktober 2017

Date: 12-10-2017
Source: Technology Review
Subject: Inside the Moonshot Effort to Finally Figure Out the Brain

Inside the Moonshot Effort to Finally Figure Out the Brain

AI is only loosely modeled on the brain. So what if you wanted to do it right? You’d need to do what has been impossible until now: map what actually happens in neurons and nerve fibers.

„Here’s the problem with artificial intelligence today,“ says David Cox. Yes, it has gotten astonishingly good, from near-perfect facial recognition to driverless cars and world-champion Go-playing machines. And it’s true that some AI applications don’t even have to be programmed anymore: they’re based on architectures that allow them to learn from experience.

Yet there is still something clumsy and brute-force about it, says Cox, a neuroscientist at Harvard. “To build a dog detector, you need to show the program thousands of things that are dogs and thousands that aren’t dogs,” he says. “My daughter only had to see one dog”—and has happily pointed out puppies ever since. And the knowledge that today’s AI does manage to extract from all that data can be oddly fragile. Add some artful static to an image—noise that a human wouldn’t even notice—and the computer might just mistake a dog for a dumpster. That’s not good if people are using facial recognition for, say, security on smartphones. Den Rest des Beitrags lesen »

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