DIRS.INFO The most relevant business & tech news

☆ An AI firm created the ChatGPT of investing, and a basket of its favorite stocks outperformed the S&P 500 over the last two years. Here are the 5 stocks it says you should buy to weather further marke
▼ + stars: | 2023-03-25 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Toggle AI trains large language models like ChatGPT to enhance investing decisions. Now, investors have been drawn to the AI industry like moths to a flame, as they try to gauge which companies will win the battle for AI market dominance. But while ChatGPT may have an early lead in the AI race, Giuseppe Sette, co-founder and president of Toggle AI, isn't worried. An example of the Toggle AI capabilities Sette is currently working on. 5 Toggle-selected stocks to buyWith macroeconomic headwinds continuing to challenge markets in 2023, Sette believes that value stocks are set to outperform, at least for the near future.

☆ The 7 fastest-growing STEM jobs that pay over $100,000
▼ + stars: | 2023-03-18 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +1 min

Growth in the American STEM industry is attributed mainly to the country's growing computer industry. SmartAsset analyzed historic employment growth between 2017 and 2021 and projected employment growth from 2021 to 2031 to identify and rank the country's fastest-growing STEM occupations. Information security jobs top the list of fastest-growing STEM jobs for the second year in a row. STEM jobs overall account for 5.9% of the fastest-growing occupations in the United States. Of the fastest-growing STEM occupations, here are seven that pay over $100,000, according to the U.S. Bureau of Labor Statistics:

☆ Why bank runs like the SVB collapse happen: 'It's like a mass delusion that becomes a reality'
▼ + stars: | 2023-03-17 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

Shares of multinational financial firm Credit Suisse soared in early trading Thursday after the bank announced it would borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. Late last week week, SVB's clients — many of them tech startups — pulled their money from the bank en masse, forcing regulators to step in and seize deposits in what became the second-largest bank failure in U.S. history. Others say the bank failed to manage risk properly. Anonymous employees at the bank say the firm would have been fine had it not spooked depositors by publicly revealing its struggles. It comes down to our herd mentality, our tribal brain," says Brad Klontz, a certified financial planner and financial psychology professor at Creighton University.

☆ China's answer to ChatGPT? Baidu shares tumble as it unveils Ernie Bot
▼ + stars: | 2023-03-16 | by ( Eduardo Baptista | ) www.reuters.com time to read: +4 min

"For sure we cannot say that it's perfect," said Baidu CEO Robin Li, presenting Ernie Bot. But the limited presentation of Ernie Bot, restricted to brief, pre-recorded videos, failed to match market hopes and Baidu's Hong Kong-listed shares in the firm tumbled as much as 10% before clawing back some ground. Starting Thursday, Ernie Bot will be open to an initial group of users with invitation codes, and companies can apply to embed the bot into their products via Baidu's cloud platform. "Ernie Bot is not a tool of confrontation between China and the United States," he said. Chinese state media outlets and a Shaolin temple were among the first sign-ups to become Ernie Bot partners.

The company's Ernie bot is based off its AI-driven deep learning model, Ernie - short for "Enhanced Representation through Knowledge Integration". During the presentation at Baidu's Beijing headquarters that was also livestreamed over nine platforms, Li cautioned it was not perfect. "After the release of ChatGPT, only Baidu has made a benchmark product among the major tech companies in the world," it said. "We continue to advise investors to patiently hold BIDU shares as the best 'national champion' play in China’s (semi-segregated) AI space," he said. "Ernie Bot is not a tool of confrontation between China and the United States," he said.

☆ N.C.A.A. Bracket Picks: Where Fans and Experts Diverge
▼ + stars: | 2023-03-15 | by ( Josh Katz | Alice Fang | ) www.nytimes.com time to read: +8 min

One avenue is examining the differences between the forecasts of mathematical models and the collective choices of fans. For example, fans are much more likely to have Kansas and Alabama in the Final Four than the experts. The table below shows an aggregate view of the difference between the public’s picks and those of forecasting models. But if you pick the same teams as everyone else, your bracket will look the same, too, something you should consider. There is no guarantee that this approach will work, of course, and part of the draw of the N.C.A.A.

☆ India's rural women are 'bearing the brunt' of climate shocks
▼ + stars: | 2023-03-10 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

India's rural women are bearing the brunt of climate related shocks like severe drought and extreme weather events, Universal Images Group | Getty ImagesIndia's rural women are bearing the brunt of climate related shocks like severe drought and extreme weather events, which are drastically affecting their daily livelihoods. The climate fund will allow women and communities to fight climate change and help provide new livelihood resources and education, said Clinton. Having access to clean water makes a huge difference in tackling the overall health issues for rural women, she added. In the latest economic survey released in February, the government said rural women were increasingly participating in economic activity. Government schemes and policies have helped rural women, said Akanksha Khullar, a visiting fellow with the Observer Research Foundation in New Delhi.

The court also allowed testimony from an expert who said Meta owes Neural Magic as much as $766 million in royalties. Representatives for Meta and Neural Magic did not immediately respond to requests for comment on the decision. Meta asked the court to throw out the case last year, arguing Neural Magic had failed to identify any protectable trade secrets and that Zlateski had not acquired the information improperly. But the court on Monday allowed Neural Magic's case to continue for all but one of the 41 secrets it accused Meta of misappropriating. The case is Neural Magic Inc v. Meta Platforms Inc, U.S. District Court for the District of Massachusetts, No.

☆ A 40-year stock trader and mathematician who had a 366% return shares her 4 biggest tips, plus the winning strategy she learned from her worst mistake
▼ + stars: | 2023-03-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Sunny Harris began trading on her own after a fund manager lost a big chunk of her investment. She recommends testing your strategy and rules at least 100 times before using them to make trades. Before Sunny Harris became a stock trader, she was a computer programmer with a master's degree in mathematics. 4 of her biggest takeaway tips to trading the marketHer overarching advice is to develop your own trading strategy. And I lost money three times in a row.

☆ The US Air Force's big plan to spread out and take on China may actually make things easier for Beijing
▼ + stars: | 2023-03-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

For the Air Force, a key part of the plan is to spread jets and airmen across bases in the Pacific. The problem is that the Air Force would need a logistical system that could sustain numerous bases across a wide area. US, Australian, Japanese, and other militaries' aircraft taxi in formation at Andersen Air Force Base in Guam in February 2022. Civil engineer airmen conduct rapid airfield damage repair on Northwest Field at Andersen Air Force Base in October 2019. Air Force officials have acknowledged the complexity of defending dispersed forces.

☆ Open-source software braces for trade war
▼ + stars: | 2023-02-27 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +6 min

HONG KONG, Feb 27 (Reuters Breakingviews) - The open-source software movement has been an unprecedented driver of global innovation and productivity growth. As with most Chinese handset makers, founder Ren Zhengfei relied on Android’s open-source code to run his company’s smartphones. Beijing has reciprocated, per a Nikkei report, by instructing its own tech companies not to incorporate ChatGPT into their platforms - a rare example of a mutual firewall. Dividing the world into competing open-source camps would mark another reverse for free trade. Follow @petesweeneypro on TwitterCONTEXT NEWSRegulators have told major Chinese tech companies not to offer ChatGPT services, the Nikkei news service reported on Feb. 22 citing sources with direct knowledge, causing shares in Chinese companies building chatbots to fall.

☆ Use this simple math principle to make better decisions—it's hiding in plain sight, says bestselling author
▼ + stars: | 2023-02-27 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

The British mathematician, professor and bestselling author writes and speaks about how simple bits of math can benefit people's day-to-day lives. "The math you learn in school is so, so different to what the subject actually is," Fry says. "You leave school with the impression that math is this subject that belongs in dusty textbooks, over there in the nerd corner." The Fermi problemThe Fermi problem might sound familiar, because it's become popular in job interviews. Ahead of the Manhattan Project's first nuclear test, Fermi grabbed a piece of paper and tore it into pieces.

☆ TikTok's parent ByteDance is developing a new 'AI-based' learning platform called GeniusJoy that it will test overseas
▼ + stars: | 2023-02-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

TikTok's parent ByteDance is developing a new 'AI-based' learning tool called GeniusJoy. TikTok's parent company ByteDance is developing a new learning platform for children that the company is referring to as GeniusJoy, per two job postings on its website and a June trademark filing by a company subsidiary. GeniusJoy will adopt "Singapore math pedagogy" for its program, per ByteDance's job listing. ByteDance, which is headquartered in Beijing, has released a variety of educational products in the past centered on Chinese consumers. The company also once operated a learning app called Guagua Long, a course-livestreaming platform dubbed Qingbei, and an English-language tutoring app named GoGoKid.

☆ ‘No Basis in Mathematical Reality’
▼ + stars: | 2023-02-22 | by ( James Freeman | ) www.wsj.com time to read: 1 min

James Freeman is assistant editor of The Wall Street Journal's editorial page and author of the weekday Best of the Web column. He is the co-author of "Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi," recognized as a New York Times Editors' Choice and a Financial Times Business Book of the Month. He is a contributor to the Fox News Channel and a host of "Deep Dive" on Fox Nation. Before joining the Journal in September 2007, James served as investor advocate at the U.S. Securities and Exchange Commission, where he encouraged the transformation of financial reporting technology to benefit individual investors. Follow James on Twitter @FreemanWSJ

☆ DEI Spells Death for the Idea of a University
▼ + stars: | 2023-02-11 | by ( Matthew Spalding | ) www.wsj.com time to read: 1 min

The first object of government, James Madison tells us in Federalist 10, is the protection of “the diversity in the faculties of men.” By diversity, Madison meant different opinions to be encouraged to preserve liberty. Equity is an ancient legal concept of justice in particular cases, developed over centuries of English common-law practice. Inclusion simply means to make a part of, as in defining a mathematical set by what it does and doesn’t include. All good words with respectable origins. Yet in true Orwellian fashion, they have been redefined.

☆ Why Apple, Google, Microsoft passkeys should soon replace your own passwords
▼ + stars: | 2023-02-11 | by ( Barbara Collins | ) www.cnbc.com time to read: +5 min

"Passkeys are an example of what security should be: seamless and invisible to the end user," said Moriarty. Avoiding human error, and hackersFrom a safety standpoint, passkeys are much more secure than passwords for a number of reasons. Even worse, choosing simple passwords (think "abc123" or "password") creates the perfect target for hackers to easily access individuals' accounts. Google began rolling out passkey support for Chrome on Android, Windows and macOS in December 2022. The only potential disadvantage to using passkeys happens if a user loses the secondary device they use to gain access to their accounts.

A day after announcing that Defence Minister Oleksii Reznikov would be replaced, a top ally of President Volodymyr Zelenskiy appeared to row back for now, saying no personnel changes in the defence sector would be made this week. Two senior lawmakers on Monday noted that rules require Ukraine's defence minister to be a civilian, which would appear to put an obstacle in the way of the immediate appointment of Budanov, a 37-year-old military officer. 'WAR DICTATES CHANGES'Arakhamia said Ukraine's armed forces should not be overseen by politicians during wartime, but by people with a background in defence or security. As a wartime defence minister, Reznikov, 56, fostered ties with Western defence officials and helped oversee the receipt of billions of dollars of military aid to help Kyiv fend off the Russian invasion. During his tenure as defence minister, he spoke out strongly about wartime corruption, which he said was akin to "marauding".

☆ People in this city spend the most on coffee—it's not New York or LA
▼ + stars: | 2023-02-03 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

How much is your daily coffee habit really costing you? The city where espresso and steamed milk will cost you the most: Virginia Beach, Virginia, clocking in at $5.75 a cup, on average. The most expensive cups of cappuccino Virginia Beach, Virginia: $5.75 Las Vegas: $5.40 Minneapolis: $5.37 New York: $5.31 San Francisco: $5.21 That's just the outright cost. New York and San Francisco have expensive coffee, but their residents tend to make more money. If you express the cost of a five-days-a-week cappuccino habit as a percentage of a city resident's average income, the most expensive coffee cities change a bit.

☆ Norway wealth fund posts record $164 billion loss
▼ + stars: | 2023-01-31 | by ( Victoria Klesty | ) www.reuters.com time to read: +3 min

[1/3] Norway wealth fund CEO Nicolai Tangen presents the results for 2022, at a news conference in Oslo, Norway January 31, 2023. The previous largest loss was 633 billion crowns in 2008. It ends a record-breaking streak for the fund, where annual returns exceeded one trillion crowns in each of the three years from 2019 to 2021, amounting to more than four trillion crowns combined. Still, despite the record loss, the value of the fund rose overall by 89 billion crowns or $8.9 billion year-on-year, partly due to the weak Norwegian currency and a record 1.1 trillion crowns of cash inflows. The inflows in 2022 were nearly three times the previous record, of 386 billion crowns, set in 2008.

WASHINGTON — Republicans, newly empowered with a House majority, are demanding spending cuts as a price for lifting the debt ceiling and averting a catastrophic default on U.S. debt. Republicans are divided over whether Medicare and Social Security spending should be on the chopping block. Jose Luis Magana / APLuna said she wants to do it without tax increases or Social Security or Medicare cuts. The White House has vowed that Biden won’t grant concessions on the debt limit and that paying the country’s bills is non-negotiable. But I think we’ve got to also honor our commitment to Americans when it comes to Social Security and Medicare,” Garcia continued.

☆ Fact Check-False claims about the sun and clouds at night shared online
▼ + stars: | 2023-01-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

Contrary to online claims, the earth is 93 million miles from the sun, is not flat and there is plenty of night-time footage of the planet taken from space, experts told Reuters. It also says the earth is flat and questions why clouds can’t be seen in nighttime images of the earth taken from space. Orsola de Marco, an astrophysicist at Macquarie University in Sydney, told Reuters that visibility of clouds at night could also depend on camera angle and the light source. Rather than a spacecraft looking directly through a cloud, shooting from an angle makes clouds more visible because more light can be reflected off the clouds, she said. Photos shared by the European Space Station at night showing clouds can be seen (here), (here), and (here).

☆ Crypto is a ‘hot ball of money’ with very little intrinsic value, hedge fund says
▼ + stars: | 2023-01-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

For the uninitiated: Momentum trading is in an investment strategy that aims to capitalize on a trend. See a stock going up, buy the stock, make money. See a stock going down, short it, make money. The crypto trading world functions in much the same way. The momentum effect becomes self-fulfilling “as market participants attempt to front run the hot ball of money.”

☆ Startups Want to Help Airlines Prevent Tech Meltdowns
▼ + stars: | 2023-01-14 | by ( Belle Lin | ) www.wsj.com time to read: +7 min

Airlines should take advantage of new cloud-based tools, industry consultants said, to help prevent the recent snafus brought on by the use of antiquated and siloed technology at Southwest Airlines Co. and the Federal Aviation Administration. Photo: JIM VONDRUSKA/REUTERSSanta Clara, Calif.-based Couchbase Inc., founded in 2011, said it helped United Airlines Holdings Inc. modernize its operations by providing a cloud-based database for its crew-scheduling software. United declined to comment on its operations technology. Airlines generate a massive amount of data every year from their aircraft, passengers, suppliers and internal operations. Gurobi Optimization LLC, a company that develops mathematical-optimization software for industries including aviation, said it provides optimization technology for airlines such as Air France-KLM.

New York City's Department of Education announced a ban on the wildly popular chatbot ChatGPT — which some have warned could inspire more student cheating — from its schools’ devices and networks. It was not immediately clear if the ban applied to the City University of New York system. In New York public schools, ChatGPT can still be made available upon request to classes studying artificial intelligence. In an email statement responding to the New York City public schools ban, a spokesperson for OpenAI said the company "doesn't want ChatGPT to be used for misleading purposes in schools or anywhere else." We’ve always called for transparency around the use of AI-generated text," the spokesperson said.

☆ Southwest Meltdown Shows Airlines Need Tighter Software Integration
▼ + stars: | 2023-01-02 | by ( Belle Lin | ) www.wsj.com time to read: +6 min

Southwest’s software wasn’t designed to solve problems of that scale, Chief Operating Officer Andrew Watterson said Thursday, forcing the airline to revert to manual scheduling. Unlike some large rivals with hub-and-spoke networks, Southwest planes hopscotch from city to city, which may have been another complicating factor. Mr. Alamzad said the most serious IT challenge airlines face stems from the applications developed in silos by vendors or the airlines themselves. Southwest recently completed an upgrade of its new reservation system and had been working through multiyear upgrades to systems used in its operations. Other carriers have given priority to upgrading customer-facing reservations platforms and flier loyalty programs over operations systems, Mr. Alamzad said.

Search resuls for: "Mathematical"

25 mentions found