Friday☕️

Trending:
- AI In Formula One
- Palantir Medical Software
Markets:
- Yesterday’s commodity market:

- Yesterday’s crypto market:

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:
- 🇺🇸 Visa: $520.97B
- 🇺🇸 JPMorgan Chase: $443.27B
- 🇺🇸 Mastercard: $384.79B
- 🇺🇸 Bank of America: $234.48B
- 🇨🇳 ICBC: $223.67B
- 🇨🇳 Agricultural Bank of China: $175.14B
- 🇺🇸 Wells Fargo: $155.36B
- 🇨🇳 China Construction Bank: $151.83B
- 🇬🇧 HSBC: $148.77B
- 🇮🇳 HDFC Bank: $148.34B
- 🇨🇳 Bank of China: $147.96B
- 🇺🇸 S&P Global: $131.50B
- 🇺🇸 Morgan Stanley: $128.82B
- 🇨🇦 Royal Bank Of Canada: $121.23B
- 🇺🇸 American Express: $119.36B
- 🇦🇺 Commonwealth Bank: $113.61B
- 🇨🇦 Toronto Dominion Bank: $110.82B
- 🇺🇸 Goldman Sachs: $110.43B
- 🇨🇳 CM Bank: $104.68B
- 🇯🇵 Mitsubishi UFJ Financial: $102.88B
- 🇺🇸 Charles Schwab: $101.93B
- 🇺🇸 Citigroup: $86.16B
- 🇨🇭 UBS: $84.63B
- 🇸🇦 Al Rajhi Bank: $80.03B
- 🇺🇸 CME Group: $77.88B
- 🇮🇳 ICICI Bank: $77.59B
- 🇺🇸 Fiserv: $75.29B
- 🇫🇷 BNP Paribas: $71.51B
- 🇮🇩 Bank Central Asia: $70.75B
- 🇺🇸 Moody's: $66.71B
- 🇯🇵 Sumitomo Mitsui Financial Group: $66.60B
- 🇪🇸 Santander: $65.43B
- 🇺🇸 Intercontinental Exchange: $65.43B
- 🇧🇷 Itaú Unibanco: $61.76B
- 🇸🇬 DBS Group: $61.46B
- 🇺🇸 PayPal: $60.74B
- 🇯🇵 SoftBank: $60.73B
- 🇮🇳 Housing Development Finance Corporation: $60.73B
- 🇮🇳 State Bank of India: $60.00B
- 🇨🇳 Postal Savings Bank of China: $59.64B
- 🇬🇧 London Stock Exchange: $57.98B
- 🇨🇦 Bank of Montreal: $57.78B
- 🇦🇺 National Australia Bank: $57.36B
- 🇺🇸 U.S. Bancorp: $57.34B
- 🇸🇦 The Saudi National Bank: $54.46B
- 🇪🇸 Banco Bilbao Vizcaya Argentaria: $53.62B
- 🇨🇳 Bank of Communications: $53.35B
- 🇨🇦 Scotiabank: $52.97B
- 🇮🇳 Bajaj Finance: $52.44B
- 🇮🇩 Bank Rakyat Indonesia: $51.90B
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