What do you want to know about big data & AI in investment management? February 7, 2019 A technological advance can impact — even transform — the global economy let alone a particular sector. The steam engine in the first industrial revolution, electricity in the second, and internet technology in the third fundamentally changed human history. Today, big data and artificial intelligence (AI) have the same transformative potential. When it comes to [...]
London named Europe’s top destination for international tech talent February 7, 2019 London has been named the top city in Europe for international technology talent, winning the title for a second consecutive year. The capital attracted more European and non-European tech professionals than any other major city on the continent last year, according to research revealed today by London & Partners. London also comes out on top [...]
Islington AI-powered gig economy startup Catapult nabs £4.3m February 6, 2019 On-demand staffing platform Catapult has raised £4.3m in fresh funding, taking its total amount raised in three years to £10m. The funding was led by Novator Partners, and supported by Dollar Shave Club and Jobbio-backer Elkstone Ventures. The Islington-based startup uses artificial intelligence to match the skills and experience of workers to employers' requirements, with [...]
DEBATE: Could the internet of things be the answer to the social care crisis? February 6, 2019 Could the internet of things be the answer to the social care crisis? Emanuele Angelidis, chief executive of IoT investor Breed Reply, says YES. With more and more people forced to look after loved ones, the internet of things (IoT) and artificial intelligence (AI) can help alleviate the social care issues raised by an ageing population. For a [...]
What’s the point of economists? Look to America’s tech giants to find out February 6, 2019 Despite the dire predictions from the economics profession about Brexit, the UK economy is doing well. Growth continues at a steady pace. An all-time record 32.4m people are in work. Unemployment has fallen to levels not seen since the mid-1970s. In contrast, the Eurozone is on the brink of recession – and Italy is already [...]
British startups hit by funding drop last year as fintech bucks the trend February 5, 2019 The amount of money pumped into Britain’s startups slipped in 2018, but fintech and blockchain investment provided a silver lining. Funding into the UK’s young companies dropped from 2017’s record high of £8.6bn to £7bn last year, according to data published today by Beauhurst. Deals at seed stage fell 15 per cent to almost the [...]
An end to gridlock? How artificial intelligence could help get London moving again February 4, 2019 London is a truly remarkable city – an economic powerhouse and a cultural destination without equal. It’s a magnet to millions, and rightly so. But it’s a terrible irony that this fast-moving, fast-living, fast-earning metropolis is stuck in traffic so much of the time. We simply cannot move. According to traffic data company INRIX, London [...]
Don’t be fooled, Facebook will always treat users like commodities February 1, 2019 You are worth £142 to Facebook. That is the financial figure attached to your scrolling through self-indulgent statuses and pictures of your friends’ babies. The same goes for the guy sitting next to you on the Tube, smugly counting the likes on his latest selfie with someone slightly famous. It’s a simple calculation: company value [...]
Minimum wage rises could cause job losses amid rise in automation, report finds February 1, 2019 Rises in the minimum wage could lead to job losses as employers turn to automation to keep costs down, according to research by the London School of Economics (LSE). The report, which analysed the impact of minimum wage policies on automation and offshoring, showed manufacturing jobs are most likely to be under threat from robots. Read [...]
Of course AI can be biased – and it’s up to businesses to fix that January 31, 2019 When Alexandria Ocasio-Cortez, the recently elected US representative, suggested last week that algorithms could be racist, she received a lot of attention. Naysayers derided her for suggesting that inanimate objects can display prejudice, but a number of experts actually supported her. The central premise of the debate is this: machines cannot be biased, but the humans [...]