Japan's Mizuho Bank recently completed a Proof-of-Concept (PoC) for the use of artificial intelligence (AI) to simplify the complex processes involved with derivative contract operations. Using optical character recognition to digitize ISDA contracts, the bank was able to define, extract, and archive all relevant information from the digitized contract into a format that could be easily accessed and searched, considerably improving operational efficiency.
Noriko Arai: Can a robot pass a university entrance exam?
Meet Todai Robot, an AI project that performed in the top 20 percent of students on the entrance exam for the University of Tokyo -- without actually understanding a thing. While it's not matriculating anytime soon, Todai Robot's success raises alarming questions for the future of human education. How can we help kids excel at the things that humans will always do better than AI?