Friday☕️

Friday☕️

Trending:

  • AI In Formula One
  • Palantir Medical Software

Markets:

  • Yesterday’s commodity market:
TradingView @6:27 PM EST
  • Yesterday’s crypto market:
TradingView @6:26 PM EST

AI In Formula One:

  • At the season-ending Abu Dhabi Grand Prix, Formula One is testing artificial intelligence (AI) to address track limit violations. The FIA, Formula One's governing body, is utilizing 'Computer Vision' technology for this trial. This technology analyzes the shape and number of pixels crossing the track's edge, aiding in identifying genuine breaches where drivers cross the white line with all four wheels.
  • The implementation of AI aims to reduce the workload for the FIA's remote operations centre (ROC) and accelerate response times. Previously, human teams had to process a large number of potential violations, like the 1,200 at the Austrian Grand Prix in July and 820 corner passes at the Qatar weekend in October. The need for this technology was highlighted by the challenges faced in enforcing track limits at the U.S. Grand Prix in Austin, where some breaches went unpunished.
  • The FIA's head of remote operations, Tim Malyon, mentioned that similar Computer Vision technology is effectively used in medicine, like in cancer screening, to filter out clear negative cases, allowing experts to focus on more ambiguous ones. Malyon believes that this additional layer of AI technology will streamline the process of identifying potential infringements, ultimately leading to fewer cases needing further action by race control. He emphasized the importance of embracing new technologies and continued investment in software development to make significant progress in the sport's regulation.

Palantir Medical Software:

  • Palantir, a U.S.-based data analytics company, has won a contract from NHS England valued at approximately £330 million for the development of a new patient data platform. This platform, named the Federated Data Platform, aims to streamline staff access to patient data to enhance care quality and timeliness. Scheduled to launch next year, the platform will integrate various existing patient data sets.
  • Under the leadership of CEO Alex Karp and co-founder Peter Thiel, Palantir has previously served as a key data provider for the NHS, especially during the COVID-19 pandemic. The project will also involve collaboration with Accenture, PWC, NECS, and Carnall Farrar. NHS England has assured that data access on the new platform will be strictly regulated, requiring explicit NHS permission.
  • The contract, extending over seven years, has raised some concerns among NHS staff and medical trade unions about the implications of relying heavily on a private company, especially one traditionally linked to defense and intelligence sectors. Health Secretary Victoria Atkins noted that the platform would interconnect data across NHS trusts and care systems, including health records and rosters, in a secure manner to improve patient care management.

Statistic:

Top 50 financial service companies by market cap:

  1. 🇺🇸 Visa: $520.97B
  2. 🇺🇸 JPMorgan Chase: $443.27B
  3. 🇺🇸 Mastercard: $384.79B
  4. 🇺🇸 Bank of America: $234.48B
  5. 🇨🇳 ICBC: $223.67B
  6. 🇨🇳 Agricultural Bank of China: $175.14B
  7. 🇺🇸 Wells Fargo: $155.36B
  8. 🇨🇳 China Construction Bank: $151.83B
  9. 🇬🇧 HSBC: $148.77B
  10. 🇮🇳 HDFC Bank: $148.34B
  11. 🇨🇳 Bank of China: $147.96B
  12. 🇺🇸 S&P Global: $131.50B
  13. 🇺🇸 Morgan Stanley: $128.82B
  14. 🇨🇦 Royal Bank Of Canada: $121.23B
  15. 🇺🇸 American Express: $119.36B
  16. 🇦🇺 Commonwealth Bank: $113.61B
  17. 🇨🇦 Toronto Dominion Bank: $110.82B
  18. 🇺🇸 Goldman Sachs: $110.43B
  19. 🇨🇳 CM Bank: $104.68B
  20. 🇯🇵 Mitsubishi UFJ Financial: $102.88B
  21. 🇺🇸 Charles Schwab: $101.93B
  22. 🇺🇸 Citigroup: $86.16B
  23. 🇨🇭 UBS: $84.63B
  24. 🇸🇦 Al Rajhi Bank: $80.03B
  25. 🇺🇸 CME Group: $77.88B
  26. 🇮🇳 ICICI Bank: $77.59B
  27. 🇺🇸 Fiserv: $75.29B
  28. 🇫🇷 BNP Paribas: $71.51B
  29. 🇮🇩 Bank Central Asia: $70.75B
  30. 🇺🇸 Moody's: $66.71B
  31. 🇯🇵 Sumitomo Mitsui Financial Group: $66.60B
  32. 🇪🇸 Santander: $65.43B
  33. 🇺🇸 Intercontinental Exchange: $65.43B
  34. 🇧🇷 Itaú Unibanco: $61.76B
  35. 🇸🇬 DBS Group: $61.46B
  36. 🇺🇸 PayPal: $60.74B
  37. 🇯🇵 SoftBank: $60.73B
  38. 🇮🇳 Housing Development Finance Corporation: $60.73B
  39. 🇮🇳 State Bank of India: $60.00B
  40. 🇨🇳 Postal Savings Bank of China: $59.64B
  41. 🇬🇧 London Stock Exchange: $57.98B
  42. 🇨🇦 Bank of Montreal: $57.78B
  43. 🇦🇺 National Australia Bank: $57.36B
  44. 🇺🇸 U.S. Bancorp: $57.34B
  45. 🇸🇦 The Saudi National Bank: $54.46B
  46. 🇪🇸 Banco Bilbao Vizcaya Argentaria: $53.62B
  47. 🇨🇳 Bank of Communications: $53.35B
  48. 🇨🇦 Scotiabank: $52.97B
  49. 🇮🇳 Bajaj Finance: $52.44B
  50. 🇮🇩 Bank Rakyat Indonesia: $51.90B

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