U.S. SEC charges 3 traders with electronic market manipulation / Spoofing
Neurensic
The US Regulators once again move to stop market manipulation and spoofing. This time the SEC joins the regulatory action. This is exactly why the industry needs Neurensic's machine learning software to detect traders engaged in market manipulation. http://www.reuters.com/article/usa-sec-spoofing-idUSL1N13S1X420151203
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Apple Reportedly Buys Secretive Deep Learning Startup Perceptio
Andrew Hennessy
Perhaps in an attempt to make Siri smarter, or to keep the competition’s products dumber, Apple has acquired secretive artificial intelligence startup Perceptio, according to a report today. Bloomberg said Apple has confirmed the acquisition but will not discuss details of the purchase. The news comes just three days after a report that Apple had bought another artificial intelligence startup, VocalIQ. Perceptio does not have an official website, and the two employees named in the article, Nicolas Pinto and Zak Stone, do
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Neurensic Launches Artificial Intelligence Product Suite to Modernize the Trading Industry
Andrew Hennessy
Chicago, November 4th, 2015 — Neurensic, Inc. today announced the launch of their next-generation product suite at the 31st annual FIA Futures & Options Industry Expo. Headquartered in the Chicago Board of Trade Building, Neurensic provides business intelligence software that leverages machine learning technologies to address the significant compliance and operational challenges facing the trading industry. At the Expo, they released two products: CORE™ is the trading industry's first intent-based surveillance solution, motivated by the sophisticated compliance demands of today’s
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IBM Acquires AlchemyAPI to Bring Deep Learning to Watson
Andrew Hennessy
Technology heavyweight IBM today is announcing that it has acquiredAlchemyAPI, a startup with a service for making inferences on images and text using a form of trendy artificial intelligence called deep learning. The idea is to bolster the IQ of IBM’s Watson “cognitive” computing system with AlchemyAPI’s tools. Terms of the deal weren’t disclosed. Deep learning — which involves training systems called artificial neural networks on heaps of data like pictures or speech and then throwing new data at the
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Hortonworks Surges in Trading After $100 Million IPO
Andrew Hennessy
Hortonworks Inc., a startup that sells services and support for the Hadoop free data-analysis technology, jumped in its U.S. trading debut after raising $100 million in an initial public offering. The shares rose 65 percent to $26.38 at the close in New York after they were sold yesterday for $16 apiece, above the marketed range. That values the Palo Alto, California-based company at $1.1 billion, close to its private valuation of greater than $1 billion. “We’re more focused on the
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AI Startup Sentient Raises $103.5 Million in Funding
Andrew Hennessy
Sentient Technologies LLC, an artificial-intelligence startup, raised $103.5 million as it develops data-analysis technology that will help companies use software to manage complex tasks like financial trading. The Series C funding round was led by Access Industries Holdings Inc., with participation from a subsidiary of Tata Communications Ltd., Horizons Ventures and private investors in the finance, consumer, food and beverage and real estate industries, Sentient said today in a statement. The investment brings the seven-year-old company’s total funding to more
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Apple Reportedly Buys Secretive Deep Learning Startup Perceptio
Andrew Hennessy
Perhaps in an attempt to make Siri smarter, or to keep the competition’s products dumber, Apple has acquired secretive artificial intelligence startup Perceptio, according to a report today. Bloomberg said Apple has confirmed the acquisition but will not discuss details of the purchase. The news comes just three days after a report that Apple had bought another artificial intelligence startup, VocalIQ. Perceptio does not have an official website, and the two employees named in the article, Nicolas Pinto and Zak Stone, do
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