Bloomberg carried a report about a new learning machine at JPMorgan Chase & Co. called Contract Intelligence or COIN, that is parsing financial deals that once kept legal teams busy for thousands of hours. More specifically, it is interpreting commercial-loan agreements that, until the project went online in June, consumed 360,000 hours of work each year by lawyers and loan officers.
An article published by BizCommunity on 22 February 2017 argues that even the most efficient suppliers with competitively priced, high-quality products are unlikely to succeed because cumbersome requirements and exertion of buyer power by large supermarket chains are preventing them from getting their products to consumers.
Interesting collaborations and innovative solutions have been entered into recently in order to tap into the in-car payment industry.
- Honda Motor Co. introduced a prototype at CES 2017 in the beginning of 2017 allowing drivers to pay for parking or fuel without using a credit card.
- General Motors Co. and Kia Motors Corp. may offer a similar feature in 2017.
- Volkswagen AG bough PaybyPhone, a provider of parking-meter mobile payments.
- Gentex Corp. punted a technology embedded in rear-view mirrors that could make car payments more secure by scanning a person?s iris to verify his or her identity.
- Parking meters able to notify drivers when they are available and to accept payments may be among the first to come online and there will be 9.7 billion connections in the so-called Internet of Things (IoT) that will be used by smart cities by 2020, up from 1.1 billion in 2016.
It is calculated that in the US, people spend on average 48 minutes in car per day and this fact has market potential. Tit has led to new opportunities: In the next 10 years, as self-driving cars catch on, automakers envision vehicles that double as major e-commerce hubs, with consumers shopping for clothing and groceries to be picked up along the route home from work. Visa Inc and Mastercard Inc. are in the race to enable payment capabilities for automakers. Motor manufacturers expect the digital wallets to catch on as the number of connected cars expands. In 2017, the global figure with cellular connectivity alone will rise to 65.7 million cars, up from 40.4 million in 2016 (Gartner research). Read more on bloomberg.com www.bloomberg.com/news/articles/2017-01-23/gm-mastercard-want-your-car-to-pick-up-the-tab-for-that-latte
Technology Review published a list of technologies that will economy and politics, improve medicine, or influence culture that are both unfolding now or that will develop over the next few years. Although not all of them will make sense to all of us, some are certain to cause excitement and anticipation.
Tracking the Johnson & Johnson corporate jet since it touched down on 15 January 2017 at EuroAirport Basel Mulhouse Freiburg, underscored the effort by hedge funds to gain an information edge in a world swamped in information. Hedge funds are known to follow weather patterns, hire people to count delivery trucks coming out of a factory or send analysts to study the body language of a chief executive. Chasing the movement of an aircraft marks yet another unconventional approach as they struggle to outperform equity markets. As the J&J jet stayed parked close to Actelion Ltds headquarters hedge fund managers grew increasingly bold in their assessment that a large deal was in the offing. Indeed and not long after, J&J bought Actelion. Hedge fund managers backed up their belief with some virtual shoe leather, according to a report in Bloomberg. It was the jets first flight to Basel in at least three months, and besides a trip to Antwerp is did not move from Basel.
Read the whole story here: www.bloomberg.com/news/articles/2017-01-27/hedge-funds-track-j-j-private-jet-for-an-edge-on-actelion-score?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social
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