Dealing

Risk Categories, Requirements, Amendments, and Best PracticesImage courtesy: unsplashAt the time of writing this article, there is minimal discussion around the EU Artificial Intelligence (AI) Act and very few concrete sources that brief the major points from the Act which spans over a hundred pages besides the annexes.The AI Act is yet to be recognized for what it is- a revolutionary milestone that brings AI into mainstream technology. Being monitored by government authorities is bound to make AI more robust, reliable,…

I felt like a fraud for a large part of my work life. With every promotion, every big project, and every challenge came this sinking feeling - “I am an imposter and they are going to soon find out.” “I don’t deserve this.” “They probably made a mistake trusting me with this project, position, or challenge.”And every time I pulled it off and lived up to those expectations and sometimes even exceeded them, instead of believing in my skills and abilities and celebrating my accomplishment, my inner critic came up with another…

A guide to dealing with extreme valuesPhoto by Crispin Jones on UnsplashAlthough outliers are common in datasets, not many know how to deal with the presence of such observations.It is usually practical to remove them since they can skew the results of data analyses and hamper model performance. That being said, removing outliers indiscriminately from a dataset can also have a detrimental effect on a project.Whether or not extreme values in a dataset should be removed depends on the circumstances.Here, we discuss the…

Private employers continued to hire across all major U.S. industries in June, including for jobs at offices, stores, restaurants, technology companies and healthcare providers.The continued strength in the labor market was led by employers in the category of professional and business services, a broad group of white-collar industries that added 74,000 jobs last month, the Labor Department said Friday. Those gains were concentrated in management roles, software development and office administrative services. Such…

While many banks think the Federal Reserve will hold off from a truly supersize rate rise on Wednesday, fearful of what such an unexpected action could do to markets and the broader economy, some believe the central bank may need to surprise with an aggressive move in the wake of bad inflation news. Investment banks Jefferies, Barclays , Goldman Sachs and J.P. Morgan told clients in research notes over recent days they now believe the Fed will boost the federal-funds target rate range, now…

Apple Inc. AAPL -3.86% tiptoed into finance with Apple Pay and the credit card it launched three years ago with Goldman Sachs Group Inc. Now it is going all in. The tech giant is launching a buy now, pay later offering in the U.S. later this year that will allow consumers that shop with Apple Pay to split purchases into four payments every two weeks. Apple will underwrite the loans and fund them, which…

Bruce Willis was once one of the world’s top actors, but now his career has come to an end. It was revealed back in March that the Die Hard star was being forced to retire following an aphasia diagnosis. The neurological disorder is going to likely mean that those taking care of Willis, like his wife, Emma Heming Willis, are going to have a tough time. But Heming Willis says she’s trying to take care of herself as well as the rest of her family.Bruce Willis is going to need constant care due to his aphasia, and the…

Deloitte is exploring a plan to split its global audit and consulting practices, following an effort by fellow Big Four accounting firm Ernst & Young to potentially spin off its consulting arm, according to people familiar with the matter.The moves would mark the biggest shake-up in the accounting industry in decades, handing windfalls to tens of thousands of the firms’ partners and creating two new consulting giants and two stripped-down auditing firms. Deloitte reached out to investment bankers at…

Securities and Exchange Commission Chairman Gary Gensler said he has asked agency staff to consider requiring brokerages to route individual investors’ orders to buy or sell stocks into auctions, as part of an effort to increase competition in the market. The potential change would represent a major shakeup to the lucrative business of executing trades in the stock market. The Wall Street Journal reported Monday that the plan was under consideration. The…

Johnson & Johnson said Monday it planned to terminate its Covid-19 vaccine supply deal with contract manufacturer Emergent BioSolutions Inc., as both companies accused each other of breaching the agreement. J&J informed Emergent last week of its plan to terminate the 2020 manufacturing agreement “based on Emergent’s breaches, including failure to supply Covid-19 vaccine drug substance,” J&J said in a written…