[1] Despite great efforts to unseat it, Microsoft Excel remains the go-to analytics interface in most industries — even in the relatively tech-advanced area of finance. Could this familiar spreadsheet be the portal to futuristic
quantum computing in finance? The answer is "yes," according to the principals at Multiverse Computing.
The San Sebastián, Spain-based quantum software startup is dedicated to forging forward with
finance applications of the quantum kind, and its leadership sees the Excel spreadsheet as a logical means to begin to make this happen.
"In finance, everybody uses Excel; even Bloomberg has connections for Excel tools," said Enrique Lizaso Olmos, CEO of Multiverse Computing, which recently gained $11.5 million in a funding round headed by JME Ventures.
Many largely view quantum computing as generally slow in developing, but the finance sector shows specific early promise, just as it has in the past with a host of emerging technologies. >>
Read more. This hostile threat landscape has led organizations such as Microsoft to use AI as part of their
internal and external cybersecurity strategy. "We're seeing this incredible increase in the volume of attacks, from human-operated ransomware through all different kinds of zero-day attacks," said Ann Johnson, corporate vice president of security, compliance, and identity at Microsoft.
Perhaps the most compelling use case for AI in cybersecurity is
incident response. AI enables organizations to automatically detect anomalous behavior within their environments and conduct automated responses to contain intrusions as quickly as possible.
One of
the most high-profile uses of AI this year occurred at the Olympic Games in Tokyo, when Darktrace AI identified a malicious Raspberry Pi IoT device that an intruder had planted into the office of a national sporting body directly involved in the Olympics. The solution detected the device port scanning nearby devices, blocked the connections, and supplied human analysts with insights into the scanning activity, so they could investigate further.
When considering the amount of data the national body was processing in the run-up to the Olympics, it would have been impossible for a human analyst to spot such an attack at the same speed as the AI, Darktrace's chief information security officer (CISO) Mike Beck said. >>
Read more.
[3] Dell has partnered with the i2b2 tranSMART foundation to create
privacy-preserving digital twins to treat the long-haul symptoms of COVID-19 patients. The project hopes to improve treatment for the 5% of COVID-19 patients who develop chronic health issues. The new tools integrate de-identified data — which refers to data from which all personally identifiable information has been removed — AI, and sophisticated models that allow researchers to perform millions of treatment simulations based on genetic background and medical history.
This initiative is part of Dell's long-term goal to bring
digital transformation across the healthcare industry. Jeremy Ford, Dell vice-president of strategic giving and social innovation, told VentureBeat, "AI-driven research and digital twins will support hospitals and research centers globally and contribute to Dell's goal to use technology and scale to advance health, education and economic opportunity for 1 billion people by 2030."
"They could be used in the future to help researchers perform millions of individualized treatment simulations to identify the best possible therapy option for each patient, based on genetic background, medical history, and a greater overall knowledge of the long-term treatment effects," Murphy said. >>
Read more.
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