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In the heart of downtown Seattle lies Amazon Go — a store concept that grabbed headlines after its beta phase opened to the public this year. Its concept could mean that the retail industry could slowly be powered y AI. But the concept already faces competition as tech startups emerge to introduce similar technologies to autonomous retail stores. For starters, Amazon Go ‘Just Walk Out’ technology allows users to scan and go, making them dodge lengthy wait lines, dismissing any interactions with human cashiers (because there are none). Through the Amazon Go app, users scan QR codes as hundreds of regular and infrared cameras, camouflaged with the colorRead More →

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Wall Street is looking towards Silicon Valley for a more automated environment and a tech-driven approach. A July 2016 report by CB Insights showed that 41 startups may be introducing AI to fintech. Of the many big names, Goldman Sachs remained dominant in backing as many as four companies that use AI in financial technology. As many as 658 AI deals were closed and $5021 billion was spent on funding the AI startups in 2016, according to the report. With total AI investment gaining momentum across different industries, an increasing number of companies are branching out to offer a variety of services that range from creditRead More →

Investors will be looking at a widely expected interest rate hike Wednesday as a signal of the Federal Reserve’s growing confidence in a healthier U.S. economy. But they should also see it as a signal to stop buying stocks, said a team of Goldman Sachs analysts. In a Tuesday note to clients, the team, led… via Goldman Sachs says the Federal Reserve’s Rate Hike Is Bad News For Stocks — FortuneRead More →

Volcker Rule is a temporary solution to a permanent problem of ‘too big to fail’. If Volcker Rule really aims to address the issues of 2008 financial crisis, it should eliminate the issue of ‘too big to fail’ because as long as large firms exist, they will continue to attract federal support during any future crisis, despite all the adherence to the strict rules in the Dodd-Frank rulebook.Read More →