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FB Stock Forecast: Acquisition Helps Facebook Dominate We should not ignore last month’s news that the Federal Trade Commission (FTC) was investigating Facebook's (FB) practice of acquiring smaller companies. The FTC suspects that Facebook is buying start-ups before they become threats to the social network/advertising giant. This investigation will not stop Facebook from buying other companies. Facebook recently bought another promising start-up, CTRL-labs, reportedly for $500 million to $1 billion. If you are an American citizen, you should be mad. The FTC is wasting taxpayer’s money. It is common sense – Yes it is true, Facebook is buying small companies that might become rivals. Buying them while they are still in start-up phase is cheaper than letting them grow larger. By being vigilant buyers of promising start-ups, Facebook gets to own them before tech rivals like Google (GOOGL) does. This is legitimate business practice. Read more. Yahoo Finance Feature: I Know First Says It Predicts Stock Market Movement with 97% Accuracy Benzinga is highlighting nominees for the fifth annual Benzinga Global Fintech Awards ahead of the event Nov. 19 in New York City. One nominee is I Know First, an algorithmic investing tool. “We’re excited that the I Know First, which is focused on using deep learning in order to predict the financial markets and to identify the most promising investment opportunities [was] nominated for Best Data Analysis Tool and that Dr. Roitman, co-founder and chief scientist, was nominated as the influential data scientist,” said CEO and co-founder Yaron Golgher.



Read more. News 13 TV Channel Proves I Know First Prediction Accuracy through Live-Fire Test Israeli News 13 TV channel visited the wealthtech company I Know First to shoot a story for the broadcast. The plan for the story was quite simple: the journalists would show up at the company’s Tel Aviv office, get a short brief about I Know First and its predictive stock markets forecast AI algorithm and then try to build two portfolios using the AI predictions.



More specifically, the Top 20 stock picks package would be used for the experiment. The first portfolio would be built for passive investment, which would just stay untouched throughout the review period, and the other for active investment, which would see buy and sell orders placed on a daily basis. Then, the reporters and external experts would check the performance of the portfolios to see if they manage to beat the benchmark, the S&P500 index. Of course, both portfolios were to be virtual, with no real transactions happening. The idea, after all, was to test the AI’s algorithm capabilities, not to set up a private investment fund under the guise of a TV show. The idea was to find out if the company lived up to its promise of delivering accurate stock market forecasts, relying on an advanced AI. Spoiler alert: it did.



Read more. Climate Change and AI to Transform the Future of Investment First, there is the whole issue of sea levels rising and thus cutting into the amount of soil available for farm works, extreme weather conditions and events re-shaping the face of our planet, Arctic becoming ice-free and hurricanes becoming more frequent. What does this mean for an investor? On the most pragmatic level, a change of priorities. A world where there is less available soil, more crops getting battered by rains and getting flooded and more people is a world that may end up facing a lack of food, which is likely to push the revenues of the corresponding industries up. This makes them a lucrative investment target. For the more venture-minded investors, it may also be a sign that it is just the time to look into startups working on things like vertical farming, as those may end up becoming more than relevant with time. AI could actually help in dealing with climate change, at least in as much as the energy sector is concerned. The key problem with the clean renewable energy so far is that it is localized and inefficient. Using AI, one can build a hybrid energy system, where smart algorithms would predict and optimize the power supply in a way that would allow one to maximize the utility of renewable energy. This smart grid may not necessarily be enough to help us avoid all the apocalyptic events we touched upon in the previous section, but every little bit helps, doesn’t it?



Read more. Top Stock Picks Based on AI: Beating the S&P 500 by 30% In this algorithm performance evaluation report, we examine the performance of a sample portfolio constructed on 3 days algorithmic forecasts for US stocks universe. The back-testing is performed on trading data spanning from January 1 to August 2 2019, while compared to the S&P 500 performance as benchmark. The results suggest that the stock market predictions generated by the I Know First AI Algorithm provided solid basis for portfolio strategy and provided 20.63% return implying 3.89% premium over the S&P 500 return of 16.74%. The portfolio simulation results demonstrated clear upward trend since March 2019 with relatively lower volatility compared to S&P 500. Finally, since end of July 2019 the strategy performs significantly better than the benchmark ending up with out-performance by 3.89% in comparison with S&P 500 on August 2, 2019. The standard deviation of the daily change of portfolio’s value amounted to 0.52% compared to the similar S&P 500 metric of 0.72%, which is showing the relative stability improvement over the market benchmark by almost 30%.



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