A Wells Fargo report predicts that, before 2030, over 200,000 jobs will be lost in the US banking industry, which is investing $150 billion a year into technology. Branch, call center, and corporate employees will be cut by about 25%.

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A Wells Fargo report predicts that, before 2030, over 200,000 jobs will be lost in the US banking industry, which is investing $150 billion a year into technology. Branch, call center, and corporate employees will be cut by about 25%.

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Researchers at Facebook and Carnegie Mellon University have developed a card-playing bot (‘Pluribus’) capable of defeating some of the world’s best players at six-person no-limit Texas hold’em poker. When pitted against professional human opponents with real money involved, Pluribus managed to collect winnings at an astounding rate of $1,000 per hour. Details were published in Science.

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Google’s AI can now translate your speech while keeping your voice. The new system, the Translatotron, has 3 components: 1. Uses a neural network trained to map the audio spectrogram in the input language to the output language. 2. Converts the spectrogram into an audio wave. 3. Layers the speaker’s voiceprint into the final audio output.

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Japanese security company, Secom, and multiple ventures have created a life-sized, artificially intelligent guards, in either male or female form, that appear on a large stationary mirror that can be placed in a building’s entry way. The guards can scan visitors, looking for suspicious items or signs that the person is trying to conceal their identity, or serve as receptionists, or provide emergency services. Anything the virtual guards “see” is monitored by a human guard.

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The world’s first robot designed to carry out unbiased job interviews is being tested by Swedish recruiters. Tengai is the brainchild of Stockholm’s Furhat Robotics. Measuring 16in tall and weighing 7.7lbs, the head sits on a table across from the candidate. The goal is to offer job interviews that are free from any of the unconscious biases that managers and recruiters can often bring to the hiring process.

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Aprilli Design Studio introduces the autonomous hotel room concept, complete with basic sleeping, working and washroom functions, which you order like a Uber, and which takes you to your destination with stops and with drone roof-top deliveries.

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Lockheed Martin engineers wear the goggles (HoloLens Augmented Reality headsets) to help them assemble the crew capsule Orion—without having to read thousands of pages of paper instructions.

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DoNotPay offers legal advice in the U.S. for issues, such as volatile airline prices, data breaches, late package deliveries, and unfair bank fees. It draws up documents to send to the courthouse to become a plaintiff, and generate a script to read from if personal attendance is required.

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In Argentina, DAs write decisions and judges either reject them and write their own, or simply approve them. Start-up Prometea generates legal papers without lawyers, and suggests rulings for judges. Buenos Aires’ 15 DAs clear 6 months’ worth of cases in 6 weeks.

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LawKeex pitted its machine-learning AI against 20 human lawyers with five nondisclosure agreements to review for risks. The lawyers took an average of 92 minutes with 85% accuracy. LawGeex took 26 seconds with 94% accuracy.

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Shudu is the world’s first digital super-model. There are an increasing number of digital fashion models. Some have millions of Instagram followers — and brands and retailers are starting to show interest.

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FaceBook is handling nearly 6 billion translations per day, and aims to translate each post into the reader’s language. It has recently added 24 new languages to its automatic translation services; now able to handle a total of 4,504 language pairings.

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Newsroom jobs declined 23% over the past decade, according to the Pew Research Center, with tech giants getting most of the digital ad growth. Some publishers are now hiring.

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A start-up, McCarthyFinch, has developed an AI platform, designed to handle an array of legal processes, including financial compliance and contract automation. Claiming to learn up to 100 times faster than traditional AI, use at one firm reduced junior legal work by 99%.

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MIT researchers have created a tool that automatically generates product design options for designers who work with computer-aided drafting software. The tool can optimize a design for any object, based on a combination of metrics, and can then create dozens of design options, each tuned to different optimal efficiencies.

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A brief review of how police departments are using technology: self-guided drones to investigate alerts from gunshot-detecting sensors; tattoo recognition; Bodycam data; Red Light recorder data; etc.

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Japan’s education ministry will deploy 500 English-speaking robots to the country’s schools from next year, with the aim of improving students’ English-speaking skills.

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A brief review of how police departments are using technology: self-guided drones to investigate alerts from gunshot-detecting sensors; tattoo recognition; Bodycam data; Red Light recorder data; etc.

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Research firm Autonomous’ new report indicates that AI is on the verge of software gaining competency to perform service work. By 2030, AI implementation could save U.S.-based financial services companies $1 trillion through productivity gains and reduced head count in banking, insurance, and investment management. 2.5 million jobs are at risk. AI will drive gradual change over the next 7 years, with accelerated change between 2025 and 2030.

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A measured speech by IMF Deputy Managing Director Tao Zhang on the issues facing central banks and regulatory authorities in this era of technological advances in the field of finance. Segments include: How financial services may be transformed by the adoption of financial technology; How crypto-assets’ rise may pose challenges to financial integrity and stability; How central banks and regulators can mitigate potential stability risks without impeding innovation.

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New services, like DoNotPay, are encouraging people to challenge inaccurate parking tickets and property taxes online. Users are asked a series of questions, which creates a letter with a formal legal defense to be mailed in or submitted online. The free service has helped drivers across the U.S. and U.K. squash more than 450,000 parking tickets representing $13 million in fines; with users winning dismissals more than 50 percent of the time.

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Financial services firms are investing in AI to reduce costs and improve efficiency. AUDITING: Machine learning analyzeS thousands of documents, quickly developing summaries, and producing useful information and criteria. AI speedS up tedious tasks, such as checking debit and credit entries. ACCOUNTING: AI can analyze broad trends, revealing financial insights that help develop better long-term strategies. AI can maintain a constant focus on regulatory compliance and reporting, and can assist in risk management.

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In a Carnegie Mellon University, Pittsburgh lab, a robot arm lifts a bottle filled with chemical reagents and carries it over a bank of test tubes, dispensing a precise number of drops into each one, and carrying out multiple tests. Soon, machines won’t just run the experiments—they’ll devise them, too. AI software designed to identify and sort patterns has been deployed across a wide swath of science, from marine biology to astronomy.

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