Monthly Archives: October 2017

AI Powered Equity ETF (AIEQ) Launches on NYSE Arca

Bildresultat för artificial intelligence financial

EquBot LLC, in partnership with ETF Managers Group (ETFMG), recently debuted the world’s first Exchange Traded Fund (ETF) powered by articificial intelligence: the AI Powered Equity ETF (NYSE Arca: AIEQ).

AIEQ is an active ETF built on EquBot’s proprietary algorithms and is the world’s first artifical intelligence (AI) ETF, utilizing the cognitive and big data processing abilities of IBM Watson™ to analyze U.S.-listed investment opportunities.

EquBot’s approach ranks investment opportunities based on their probability of benefiting from current economic conditions, trends, and world- and company-specific events, and identifies those equities with the greatest potential for appreciation. EquBot and ETFMG expect the fund’s portfolio to typically consist of 30 to 70 of U.S. equities only and volatility comparable to the broader U.S. equity market.

With artificial intelligence, computer systems are able to perform tasks that would normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. In the case of AIEQ, the fund’s underlying technology is constantly analyzing information for approximately 6,000 U.S.-listed equities, including company management and market sentiment, and processes more than one million regulatory filings, quarterly results releases, news articles, and social media posts every day.

“ETFs have made beta ‘smart,’ but with AIEQ we’re looking to make investing intelligent,” said Chida Khatua, CEO and co-founder of EquBot LLC. “EquBot AI Technology with Watson has the ability to mimic an army of equity research analysts working around the clock, 365 days a year, while removing human error and bias from the process.”

Khatua notes that the approach underpinning AIEQ also includes machine learning, giving it the ability to automatically learn and improve from experience without being explicitly programmed.

“Machine learning is one of the most powerful applications of artificial intelligence,” he added. “As powerful as many algorithms underlying expensive quantitative hedge funds and other vehicles might be, unless they’re also built with AI and machine learning baked right in, mistakes can be propogated and opportunities for outperformance can be missed.”

“With the launch of AIEQ, we’re not only bringing our new fund to market,” said Art Amador, co-founder and COO of EquBot. “We believe we’re pioneering a whole new investment category; one that will soon have investors and advisors diversifiying their portfolios among passive, active and AI approaches.”

“Artificial Intelligence is making life better for individuals as its application expands across industries,” said Sam Masucci, CEO and Founder of ETF Managers Group. “We are excited to be the first asset manager to bring AI into portfolio management and the ETF space, providing investors with another first-to-market ETF product.”

AIEQ may invest in the securities of companies of any market capitalization and will have an expense ratio of 0.75%.

“Everyday, there is more information, not less,” added Amador. “That information explosion has made the jobs of portfolio managers, equity analysts, quantitative investors and even index builders more challenging. New technology in artificial intelligence helps solve those challenges and we’re very pleased to be bringing AIEQ to market to make an AI approach to investing available to all.”

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Volvo just showcased its new Tesla-killer

This summer Volvo Cars revealed that its subsidiary Polestar will begin developing high-performance electric cars. In conjunction with this the company announced that its Senior Vice President of Design, Thomas Ingenlath, and Senior Vice President of Corporate Communications, Jonathan Goodman, will leave Volvo Cars to take over the new electric car brand.
Thomas Ingenlath assumes the role of CEO while Jonathan Goodman takes up the reins as COO.
The concept version of the first new electric car has now been unveiled and is on display at the car show in Shanghai, under the name Polestar 1 – but the company’s Instagram account already hosts a preview of the car, teasing with details displayed in 60 close-ups. Together they form a complete image of the car.

Thomas Ingenlath tells Radio Sweden that the long-term goal is to reach a production of 80,000 cars. The number of employees at Polestar now amounts to more than 110. Two years ago there were only 15, SvD Näringsliv reports.
At the same time, Volvo Cars is to launch two electric car models in 2019.

Volvo Cars, having bought Polestar the summer of 2015, describes the company as, “a new independent electrified high-performance car brand,” which probably means that a new Tesla challenger is headed for the market.

The 6 Ways Business Leaders Talk About Sustainability

Capitalists focus on the financial returns from capital invested, and most business leaders prioritize issues that are financially material. For anyone with a pension linked to market performance, that is a good thing. But this single-minded focus can be a major problem when it comes to tackling slow-building, systemic challenges, like global warming, that could take down not just supply chains but, over time, entire economies.

No accident, then, that we increasingly hear discussion about “framing” in boardrooms and C-suites. Political analyst George Lakoff, notably in his book Don’t Think of an Elephant!, has shown how the way we frame such challenges shapes our reasoning and priorities much more than most of us recognize. Crucially, he concludes that our unconscious mental frames “shape the goals we seek, the plans we make, the way we act, and what counts as a good or bad outcome of our actions.”

The message for business leaders, as for social change agents: To change our frames is to change the way we perceive, prioritize and invest time, effort and money. “Reframing,” Lakoff tells us, “is social change.”

A critical first step is to understand the different mental and political frames currently in play.  My colleagues and I see at least six main frames at work in the sustainable business space. Each has its strengths and limitations. Having a clearer grasp of these mental models can help business leaders to work with others, both inside and outside their organizations, to build more sustainable businesses.

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Elon Musk has reportedly used a brutal tactic to keep from wasting time in meetings

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“You haven’t said anything,” Musk once said in a meeting, according to a former SpaceX employee. “Why are you in here?”

Most people don’t like to have their time wasted with unnecessary meetings.

But Elon Musk, the founder and CEO of SpaceX, has a strategy to keep things moving, a former SpaceX employee posted on Quora.

The former employee further explained Musk’s rationale for making such a blunt proclamation.

“That may be borderline rude, but it makes sense,” he wrote. “Don’t be in a meeting unless there’s a purpose for it; either to make a decision, or get people up to speed. In most cases, an email will suffice.”

Musk isn’t the only CEO who values running an efficient meeting – Jeff Bezos, the Amazon founder and CEO, employs the “two-pizza rule” to cut down on meeting bloat.

His thinking is simple: Meetings should be small enough that two pizzas would feed the entire group. If not, the meeting would probably be too big and unproductive.

Bezos also told Fortune in 2012 that some meetings with senior executives began with silent reading time, during which all attendees familiarized themselves with a memo describing the matter at hand, took notes, and mulled over the issues before beginning the discussion. That way, he said, he gets everyone’s attention immediately – because no one likes to waste time in a conference room.

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