• Goldman Sachs used AI to simulate 1 million possible World Cup outcomes - and arrived at a clear winner

    2 monthes ago - By Business Insider

    The 2018 FIFA World Cup is set to start in Russia on June 14.
    Goldman Sachs used machine learning to run 200,000 models and simulate 1 million possible variations of the tournament in order to pick a winner.
    Argentine superstar Lionel Messi once said: "In football... talent and elegance mean nothing without rigor and precision."
    It's a sentiment Goldman Sachs seems to have taken to heart when compiling its forecast for the 2018 FIFA World Cup , which is set to kick off on June 14.
    The firm used machine learning to run 200,000 models, mining data on team and individual player attributes, to...
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  • Goldman Sachs is backing a London startup using AI to read complex legal documents

    Goldman Sachs is backing a London startup using AI to read complex legal documents

    2 monthes ago - By Chron

    Eigen Technologies
    Eigen Technologies has raised £13 million from Goldman Sachs and Temasek.
    The London startup uses AI to read and analyse complex contracts and documents in fields such as law and finance.
    Goldman already uses Eigen, as do Linklaters, ING, and Evercore.
    LONDON - Artificial intelligence startup Eigen Technologies has raised £13 million from Goldman Sachs Principal Strategic Investments and Singapore's state investment fund Temasek.
    London-based Eigen uses artificial intelligence technology to read legal and financial documents, making it easier for lawyers and bankers to...
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