USAA inks deal for artificial intelligence – WOAI

SAN ANTONIO

USAA inked a deal with Austin-based Artificial Technology powered startup CognitiveScale.

The San Antonio-based financial services company is slated to integrate some of the startups artificial intelligence products within the next 10 weeks.

The goal is to generate insights about customers and predict future product and service demands allowing companies to personalize the experience.

CognitiveScale says Artificial Intelligence (AI) is a major force in banks, insurance companies and financial services organizations and is transforming how they "engage customers, deliver investment advice, manage pricing and risk, and assure regulatory compliance.

The San Antonio Business Journal reports that CognitiveScale was built by former IBM engineers who worked on the companys Watson project, which is a supercomputer that uses artificial intelligence and analytical software to answer questions that mimic the cognitive ability of the human brain.

CognitiveScale has received an additional $15 million in venture capital for product development of its augmented intelligence products from USAA and several other venture and capital groups, according to Silicon Hills News.

Some working dads, those who live in states where economic opportunity abounds and quality of life is emphasized, have it better than others.

Texas ranked 38th Best State for Working Dads.

WalletHub says the state slipped for work-life balance. It also had a high percentage of kids living in poverty who had a dad in the home.

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Yahoo sold to Verizon

Yahoo, as we knew it, is no more.

The internet pioneer has officially been sold to Verizon. The $4.5 billion dollar deal closed Tuesday.

Once Google came onto the internet scene with a better algorithm for searching, Yahoo could never compete for eyeballs and advertising.

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Wells Fargo analysts say the shopping mall could look a lot different in 10 years.

Their report says well see more schools, churches and doctors offices at malls instead of stores.

E-commerce is a reason, of course, but the Wells Fargo report also says retailers havent given shoppers a reason to show up.

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Stocks bounced back to record highs. Tech stocks rebounded and even retailers were higher.

The DOW gained 92 points to 21-thousand 328.

The Federal Reserve wraps up a meeting today and is expected to raise interest rates a quarter point.

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USAA inks deal for artificial intelligence - WOAI