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Data Science News
Medium
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30
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Revolutionizing Credit Risk Modeling: Beyond Merton in a Volatile World
- Credit risk modelling using Merton's Model has long been the go-to framework for assessing default probability in loans or bonds.
- However, in today's volatile financial markets, static assumptions and unstructured data make Merton's Model less reliable.
- To overcome these limitations, integrating generative AI and hybrid models can provide a fresh approach to credit risk modelling.
- These techniques involve processing unstructured data, generating realistic stress scenarios, and combining structural models with data-driven methods.
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Analyticsindiamag
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Amgen Appoints Naveen Gullapalli as Managing Director of India Operations
- Amgen has appointed Naveen Gullapalli as Managing Director of Amgen India.
- Gullapalli will oversee the Amgen India Technology and Innovation hub.
- Amgen's Hyderabad facility aims to drive digital transformation and innovation.
- The facility will accommodate up to 3,000 employees and focus on AI and life sciences.
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Medium
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142
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The Future Is Here: 7 AI Technologies You Should Know About
- Artificial Intelligence is powering major innovations that are changing the world.
- Generative AI is evolving to personalize experiences beyond text and images.
- Multimodal AI combines vision, text, and audio processing for comprehensive understanding.
- AI-powered systems can diagnose medical conditions and assist in drug discovery.
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Siliconangle
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245
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RapidCanvas raises $16M to streamline data science projects with AI agents
- Data science startup RapidCanvas Inc. has raised $16 million in a funding round led by Peak XV, bringing its total raised since launch to over $23.5 million.
- RapidCanvas offers a software platform that automates data science tasks using AI agents, capable of automating up to 75% of the tasks involved in data science projects.
- The platform provides integrations with over 500 sources for collecting data and offers a drag-and-drop interface for data preparation and feature engineering.
- RapidCanvas also supports data visualization, benchmarking, and administrative tools for easier management of the software.
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VentureBeat
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228
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OpenAI rolls out ChatGPT for iPhone in landmark AI integration with Apple
- OpenAI has integrated ChatGPT directly into Siri, writing tools, and camera features as part of Apple's latest iOS release.
- The integration marks the opening of Apple's core iPhone features to outside software and allows ChatGPT to process commands via Siri.
- Users can access basic ChatGPT features without an account, while premium capabilities require a subscription.
- The partnership aims to address challenges for both firms; for Apple, it boosts high-end device sales, while OpenAI gains access to more than one billion iPhone users.
- Offering AI features on newer devices creates a compelling reason for consumers to upgrade.
- OpenAI is under pressure to generate revenue while managing massive computing costs, with reports suggesting computing expenses could reach $5bn annually by 2025.
- The integration accommodates companies that have invested in standalone AI solutions, allowing them to consolidate these tools and potentially shift enterprise budgets toward platforms that integrate with Apple's ecosystem.
- Apple maintains its focus on hardware and user experience while leveraging partnerships to bring AI to its ecosystem.
- The partnership may prove the most significant of OpenAI's “12 Days of Shipmas” product launches.
- Neither company is exchanging cash payments initially, but future revenue-sharing agreements are being explored.
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VentureBeat
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68
Midjourney is launching a multiplayer collaborative worldbuilding tool called ‘Patchwork’
- Midjourney, the AI image generation startup, is launching a multiplayer collaborative worldbuilding tool called 'Patchwork'.
- Patchwork is a web-based tool with an infinite white canvas and various tools for creating characters, events, factions, places, and props.
- Users can switch between different worlds, generate new worlds based on text prompts and image styles, and collaborate with other users in real-time.
- Midjourney plans to introduce more features, including multiple character consistency, 3D virtual reality scenes, and personalization options for users.
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Analyticsindiamag
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Google Launches Gemini 2.0 Making the Age of AI Agents a Reality
- Google has launched Gemini 2.0, its next-generation AI model.
- Gemini 2.0 introduces agentic functionalities and multimodal capabilities.
- It supports multimodal inputs and outputs, faster response times, and outperforms its predecessors.
- Google has also introduced Project Astra, Project Mariner, Jules, and Genie 2.
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Analyticsindiamag
2w
400
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‘AlphaFold is Just 4 Years Old—Very Young to be a Nobel Prize Material’
- The Nobel Prize in Chemistry was awarded to Demis Hassabis, John M. Jumper, and David Baker for their contributions to protein structure prediction through the AI system AlphaFold.
- AlphaFold, just 4 years old, is one of the youngest innovations to receive a Nobel Prize.
- AlphaFold predicts the 3D structure of proteins from their amino acid sequences and has been widely used by researchers worldwide.
- Jürgen Schmidhuber, director of the AI Initiative at KAUST, raised allegations of plagiarism against the Nobel laureates Hinton and Hopfield.
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Towards Data Science
2w
45
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3 Business Skills You Need to Progress Your Data Science Career in 2025
- To progress your data science career in 2025, you'll need more than just coding skills. As you progress, you'll need to communicate with stakeholders and understand finance to drive projects forward.
- You must speak the language of business to highlight how data science initiatives impact business areas, making your analysis more relevant to financial stakeholders.
- Keeping up to date with the latest tools, techniques, and trends of the AI/ML/Generative AI field will be essential for any sort of thought leadership.
- Understand how innovations are shaping industries and check compliance with relevant guidelines. Acknowledge the bigger picture around the tech field, especially as governments around the world focus on regulating AI.
- Stepping into a leadership position requires being firm yet polite, explaining what the team needs to do with stakeholders, and managing teams, data storytelling, and collaboration.
- The book collection for upskilling in finance includes books like the Alchemy of Finance, Value Investing, and One Up On Wall Street. Subscribe to weekly AI newsletters.
- Learn the different dynamics at play to communicate effectively and be more diplomatic and rational when responding to ideas or scope creep up in meetings.
- Lead stakeholder-facing meetings at work, volunteer for roundtable discussions, and fireside chats and back up your arguments with evidence from books, recent news, and reputed research papers.
- No one is better positioned than you to take the reins as a person with both tech and business skills.
- Understand the technology behind the black box models and align them with the business unit's objectives to grow and succeed.
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Datarobot
2w
90
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AI apps and agents that scale impact across your business
- Despite significant investments in AI, many organizations struggle to convert that potential into compelling business outcomes.
- Only a third of AI practitioners feel equipped with the right tools, and deploying predictive AI apps takes an average of seven months—eight for generative AI.
- Data science and AI teams often face lengthy cycles, integration hurdles, and inefficient tools, making it difficult to deliver advanced use cases or integrate them into business systems.
- To address these challenges, DataRobot’s AI apps and agents help streamline deployment, accelerate timelines, and simplify the delivery of advanced use cases, without the complexity of building from scratch.
- Delivering impactful AI use cases can be faster and more efficient with custom AI solutions.
- Simplifying app development, hosting, and prototyping can accelerate delivery and enable faster integration into business workflows.
- The right AI apps and agents unify processes, reduce errors, and align outcomes with business needs.
- DataRobot’s Declarative API Framework simplifies the development of scalable, repeatable AI applications for generative and predictive use cases.
- DataRobot’s one-click integration with SAP Datasphere and AI Core simplifies AI models integration into existing ecosystems.
- The right AI apps and agents can help you focus on achieving enterprise AI at scale.
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Analyticsindiamag
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Google Crashes Copilot Vision, Computer Use Party with Mariner
- Google has announced Project Mariner, a research prototype that understands and reasons based on web browser navigation.
- The agent uses a Google Chrome extension to read and interact with websites, completing tasks on the user's behalf.
- Project Mariner demonstrated its capabilities by finding a painting and adding items to an Etsy cart.
- Google's Project Mariner competes with Microsoft's Copilot Vision and Anthropic's Computer Use.
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Medium
2w
107
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ChatGPT developer company decides to develop web browser to compete with Google Chrome
- ChatGPT developer company, OpenAI, plans to develop a web browser to compete with Google Chrome.
- The development of the web browser is in its early stages, and no specific details have been revealed yet.
- OpenAI has hired two individuals who previously worked on the development of Chrome for Google.
- OpenAI has previously developed a search engine, SearchGPT, to compete with Google, which was released in November 2024.
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Medium
2w
297
Image Credit: Medium
Breaking the Black Box: Why AI Must Embrace Modularity
- Neural networks, often described as "black boxes," have a critical shortcoming of tightly coupled components.
- Modular AI systems with loose coupling are essential for flexibility, scalability, and accountability.
- Data should be stored independently, memory structures should store explicit patterns, and algorithms should act as independent processors.
- By embracing modularity, AI systems can be safer, more transparent, and accountable.
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VentureBeat
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422
‘Not there yet’: Sora rollout receives mixed response from AI filmmakers citing inconsistent results, content restrictions
- OpenAI's AI video generator model, Sora, has received a mixed response from AI filmmakers.
- Early-adopters have reported inconsistent and unrealistic results compared to rival AI video creation tools.
- Content restrictions prohibiting violence and explicit content have also been criticized.
- OpenAI temporarily closed off Sora account creation due to high demand.
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VentureBeat
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396
Google’s new Trillium AI chip delivers 4x speed and powers Gemini 2.0
- Google has unveiled its sixth-generation artificial intelligence accelerator chip called Trillium.
- The chip delivers four times the training performance and uses significantly less energy compared to its predecessor.
- Google has connected over 100,000 Trillium chips to create one of the world's most powerful AI supercomputers.
- Trillium provides up to a 2.5x improvement in training performance per dollar compared to the previous generation, potentially reshaping the economics of AI development.
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