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Top 5 AI use cases for fintech in 2024
AI is playing a significant role in the fintech industry, with 56% of firms implementing AI in their operations. The top 5 AI use cases in fintech include fraud detection and prevention, credit scoring, algorithmic trading, risk assessment, and customer support through chatbots. These applications improve security, efficiency, and personalized services. However, ethical concerns, data…
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Large Language Models, StructBERT — Incorporating Language Structures into Pretraining
The article discusses a new model called StructBERT that enhances the performance of BERT, a popular language model for natural language processing tasks. StructBERT modifies the pretraining objectives of BERT by introducing word sentence and sentence structural objectives. These modifications improve the model’s ability to understand word order and inter-sentence relations, resulting in better performance…
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Meet Mustango: A Music Domain-Knowledge-Inspired Text-to-Music System based on Diffusion that Expands the Tango Text-to-Audio Model
Researchers from Singapore University of Technology and Design and Queen Mary University of London have developed Mustango, a text-to-music system that allows for control over musical aspects. By incorporating music-specific features into the diffusion denoising process, Mustango enables the creation of music clips with specific conditions such as chord progression, tempo, and key selection. The…
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Revolutionizing Data Reconstruction: AI’s Compact Solution for Broad Information Retrieval
Researchers at Los Alamos National Laboratory have developed a new artificial intelligence (AI) approach called Senseiver that allows for efficient data processing. Senseiver uses a neural network to represent extensive data with minimal computational resources, reducing computing requirements. The AI model has been successfully applied to tasks such as forecasting oceanic temperatures and has implications…
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Conda Too Slow? Try Mamba!
This text compares popular package managers used in data science and machine learning environments: conda, pip, and mamba. It highlights the advantages of using mamba, such as faster installation speeds. The article provides instructions on setting up environments and discusses the differences between conda and mamba. It also introduces libmamba, which combines the speed of…
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Researchers from Nankai University and ByteDance Introduce ‘ChatAnything’: A Novel AI Framework Dedicated to the Generation of LLM-Enhanced Personas
Researchers from Nankai University and ByteDance have developed a framework called ChatAnything that generates anthropomorphized personas for large language model (LLM)-based characters. The framework uses in-context learning and system prompts to create customized personalities, voices, and visual appearances. It introduces innovative concepts, MoV and MoD, for voice and appearance generation. The researchers address challenges in…
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This AI Research Introduces BOFT: A New General Finetuning AI Method for the Adaptation of Foundation Models
A team of researchers has introduced a parameter-efficient method called Orthogonal Butterfly (BOFT) for fine-tuning large language models in the field of Artificial Intelligence. BOFT addresses the challenge of maintaining relational information and reduces the number of trainable parameters. Inspired by the Cooley-Tukey fast Fourier transform technique, BOFT uses sparse matrix factorization to create a…
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Data Storytelling with Animated Word Clouds
Animated word clouds are a dynamic visualization tool that display the frequencies of words over time. They provide a time perspective to the classic word cloud and can be generated using Python. The AnimatedWordCloud library offers features like n-gram frequency visualization and text cleaning. The library can be installed and used to generate frames and…
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NVIDIA AI Researchers Present an Artificial Intelligence Approach for Efficiently Rendering NeRF by Restricting Volumetric Rendering to a Narrow Band Around the Object
Nvidia researchers have introduced a method called neural radiance field (NeRF) formulation for view synthesis. This approach efficiently transitions between volumetric and surface-based rendering by constructing a mesh envelope around a neural volumetric representation. The method significantly accelerates rendering speed, particularly in solid regions, and showcases high-fidelity rendering for animation and simulation applications. The proposed…
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Meet ECOGEN: A Novel Deep Learning Approach Designed to Generate Realistic Bird Songs for Biologists and Ecologists
Researchers at the University of Moncton, Canada, have developed ECOGEN, a deep learning tool that generates lifelike bird sounds to enhance samples of underrepresented species. By expanding sound libraries for rare birds, it improves the accuracy of bird song identification tools used in ecological monitoring. The researchers found that adding synthetic bird song samples to…