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.
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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