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AI Has an Uber Problem

O'Reilly on Data

As Bill Janeway noted in his critique of the capital-fueled bubbles that resulted from the ultra-low interest rates of the decade following the 2007–2009 financial crisis, “ capital is not a strategy.” Venture capitalists don’t have a crystal ball. The capital-fueled race to build the largest models has already led to bad behavior.

Marketing 155
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How Data Lineage Improves Data Compliance

Octopai

Banks didn’t accurately assess their credit and operational risk and hold enough capital reserves, leading to the Great Recession of 2008-2009. Data lineage and financial risk data compliance. All these models need to be informed by data, with operational risk assessment mandating loss data that goes back 10 years. .

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Aligning security and business strategies

CIO Business Intelligence

During the 2008–2009 Global Financial Crisis (GFC) and subsequent recession, researchers noted that cybercrime rates increased dramatically. Their report focused exclusively on financial cybercrime, including identity theft. Cyber budgets must be spent wisely, often without increasing costs or targeting the most likely risks.

Strategy 105
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Developments in AI and IMF Positions Can Make Bitcoin Legally Tender

Smart Data Collective

Bitcoin has come a long way since it was first created in 2009, but its legal status is still uncertain in many parts of the world. In a recent report, the IMF said that Bitcoin “has the potential to become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money.”

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How to Follow New OECD Guidance on Transfer Pricing

Jet Global

Given this timeframe, the OECD has recently published a report with the aim of assisting transfer pricing teams on best practices to follow given the current climate. For both, the risks and costs associated with disputes are high. This is a key factor when considering and interpreting the content of the report.

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How Nvidia became a trillion-dollar company

CIO Business Intelligence

It was when Nvidia reported strong results for the three months to April 30, 2023, and forecast that its sales could jump by 50% in the following fiscal quarter, that its stock market valuation soared, catapulting it into the exclusive trillion-dollar club alongside well-known tech giants Alphabet, Amazon, Apple, and Microsoft.

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New DoE Program Drives Demand For Machine Learning Programmers

Smart Data Collective

This was the highest figure in the country since 2009. However, the detailed findings of intelligent asset performance analysis allow financers to minimize risks and maximize expected returns,” the company reports. During 2019, 2.3 GW of wind power was produced in Spain.