• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
NewslettersAI

Don’t Forget This Key Step to a Successful A.I. Project: Eye on A.I.

By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
October 29, 2019, 11:50 AM ET
Add Fortune on Google for similar content.

This is the web version of Eye on A.I., Fortune’s weekly newsletter covering artificial intelligence and business. To get it delivered weekly to your in-box, sign up here.

Companies that are struggling to make their artificial intelligence useful should follow this important piece of advice: Get key departments involved, not just data science staff.

Take Nasdaq, which recently debuted a new system that uses A.I. to monitor for a kind of stock fraud known as spoofing. With spoofing, criminals covertly manipulate a company’s share price by submitting buy or sell orders and then quickly cancelling them before they are executed.

It took nearly a year for Nasdaq to build and test the monitoring system, which is based on the powerful deep-learning technique that’s created breakthroughs in computer vision and text analysis. Earlier this month, the stock exchange debuted the system more broadly.

Despite the fancy technology, one key element in making it useful was basic: Making sure non-techies have a voice in how the the technology is built.

Tony Sio, the Nasdaq executive who oversees the exchange’s regulatory technology, explained how workers had to first identify what spoofing looks like, using the data Nasdaq collects. In that way, the computer would know what to look for.

The process required making sure junior staff working on the technology and senior staff focused on stock fraud agreed on what spoofing is and what it looks like.

“It’s really important to make sure people are consistent in terms with how they interpret [data] and how they, I suppose, feed back into the machine-learning algorithm,” Sio said.

The next step will be for Nasdaq to prepare the new monitoring system to be used by other marketplaces. Dozens of outside exchanges and regulators use Nasdaq’s tools for policing trades, Sio said.

The process will entail using something called transfer learning, a technique that lets A.I. systems learn more quickly from new data without having to be trained from scratch. Nasdaq is hoping to sell variants of its new A.I. system to other markets, underscoring how the exchange’s sales staff, not merely the data crunchers, are also involved in A.I. projects.

“If we can use these transfer techniques to quickly transfer these models to those exchanges, I think we can get some real power from that,” he said.

Jonathan Vanian 
@JonathanVanian
jonathan.vanian@fortune.com

A.I. IN THE NEWS

Microsoft trumps Amazon in JEDI cloud contract. The U.S. Department of Defense awarded Microsoft the Joint Enterprise Defense Infrastructure, or JEDI, cloud computing contract that is worth up to $10 billion over 10 years. Amazon and Microsoft were vying for the contract, which will help provide the Defense Department with cloud and A.I. services that are likely to be used in warfare. 

Hey, big spender. The Stanford Institute for Human-Centered Artificial Intelligence released guidelines for a national A.I. policy that called for the U.S. to invest at least $120 billion over the next 10 years on education, research, and entrepreneurship initiatives intended to strengthen the U.S. in artificial intelligence. The hefty investment that the center of the proposal contrasts with the White House’s far smaller plan to spend $1 billion in A.I.-related research and development in 2020.

Recognizing faces from an MRI. Researchers from the Mayo Clinic released a study showing that Microsoft’s facial-recognition software identified patient faces in photos that were created using MRI imagery, The Wall Street Journal reported. The article stated that the study’s findings underscore “privacy threat that will increase with technology improvements and the growth of health-care data, experts in medical imaging and facial recognition said.”

McDonald’s has an appetite for machine learning. McDonald’s has spent “hundreds of millions of dollars” over the last seven months gobbling up companies specializing in machine learning and predictive analytics, The New York Times reported. According to the article, “In recent months, McDonald’s has tested voice recognition at some of its restaurants, seeking to replace the human workers who take orders with a faster system.”

GERMAN GOVERNING

A German government-backed task force released recommendations for rules governing A.I., and some pro-business lobbyists are concerned, Fortune’s David Meyer reported. Eline Chivot, a senior policy analyst at the Brussels office of the Center for Data Innovation, said, “The German Data Ethics Commission’s recommendations on A.I. send a worrying signal to businesses that they risk adopting A.I. at their own peril.”

EYE ON A.I. TALENT

Google hired Javier Soltero as vice president of its G Suite workplace software business. Soltero was previously a Microsoft vice president overseeing Cortana digital assistant and Office workplace software.

Data management startup DataStax picked Chet Kapoor as CEO, replacing Billy Bosworth. Kapoor was previously a vice president at Google and the CEO of enterprise startup Apigee.

EYE ON A.I. RESEARCH

Bias in healthcare. Researchers from Massachusetts General Hospital, the University of Chicago, and others published a paper in Science detailing how a popular algorithm used by hospitals to determine which patients need extra help from healthcare workers was biased against African-American patients. The paper explained that the algorithm “falsely concludes that Black patients are healthier than equally sick White patients,” because the algorithm uses health-care spending as a proxy for health. The paper underscores the concerns of some A.I. researchers studying bias who worry that cutting-edge machine learning systems could be prone to some of the same bias issues plaguing more rudimentary algorithms.

Smelly neural networks. Researchers from Google, Arizona State University, the University of Toronto, and others published a paper about using neural networks, software that learns, to predict odors based on the structure of certain molecules. Although the research shows that deep learning could be valuable for the science of smell, Wired noted, “It’s not clear if we can learn anything about human olfaction from a machine-learning model, since the design of the neural network isn’t the same as a human olfactory system.”

FORTUNE ON A.I.

A.I. Has a Bias Problem, and Only Humans Can Make It a Thing of the Past– By Gwen Moran

Google Says Its Latest Tech Tweak Provides Better Search Results. Here’s How– By Danielle Abril

Twitter Says A.I. Is Now Removing Over Half of Its Abusive Tweets Before They’re Flagged– By Alyssa Newcomb

What’s Next for Google After Claiming ‘Quantum Supremacy’?– By Robert Hackett

BRAIN FOOD

Have you scowled during a job interviews? The Washington Post profiled the company HireVue, which has gained attention for its software that analyzes people’s facial expressions and mannerisms in order to help companies automate aspects of the job-recruiting process. The article discusses some of the concerns lawmakers like Illinois State Rep. Jaime Andrade Jr. have with the software, who asked: “What are the data points being used? There has to be some explanation, and there has to be consent.” HireVue has previously argued that its software prevents the potential bias that can occur during job interviews, and claims that its software can actually be less biased than human interviewers. But that hasn’t satisfied critics, including a neuroscientist the Post talked to who discussed how a “scowl” can mean many things besides indicating a person is angry—in fact, people scowl “when they’re concentrating really hard, when they’re confused, when they have gas."

About the Author
By Jonathan Vanian
LinkedIn iconTwitter icon

Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Newsletters

Kim Ng broke barriers in baseball. Now she’s giving pro softball its biggest stage yet
NewslettersMPW Daily
Kim Ng broke barriers in baseball. Now she’s giving pro softball its biggest stage yet
By Emma HinchliffeJuly 24, 2026
17 hours ago
Inside Larry Culp’s playbook for fixing GE
NewslettersCFO Daily
Inside Larry Culp’s playbook for fixing GE
By Sheryl EstradaJuly 24, 2026
21 hours ago
Three people sitting on stairs
Startups & VentureTerm Sheet
Neo raises $100 million to hunt the zombie AI agents haunting your company
By Amanda GerutJuly 24, 2026
22 hours ago
U.S. Rep. Ted Lieu (D-CA) during the Democratic National Convention on August 22, 2024 in Chicago, Illinois. (Photo: Justin Sullivan/Getty Images)
NewslettersFortune Tech
An ‘AI Kill Switch Act,’ engaged
By Andrew NuscaJuly 24, 2026
22 hours ago
Photo: President Trump.
NewslettersMarkets
Trump weighs ‘massive attack’ on Iran as Tehran’s chokehold on oil gets tighter
By Jim EdwardsJuly 24, 2026
22 hours ago
From near-collapse to $689 billion: Inside Larry Culp’s turnaround of GE
NewslettersCEO Daily
From near-collapse to $689 billion: Inside Larry Culp’s turnaround of GE
By Shawn TullyJuly 24, 2026
23 hours ago

Most Popular

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
1 day ago
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
2 days ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
2 days ago
Current price of oil as of July 24, 2026
Personal Finance
Current price of oil as of July 24, 2026
By Joseph HostetlerJuly 24, 2026
23 hours ago
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
3 days ago
Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet's business model
AI
Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet's business model
By Mia OsmonbekovJuly 23, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.