"The chairman of the Federal Reserve indicated it [the Bank of America and government assisted purchase of Merrill Lynch & Co] would be structured in a manner such that BAC stock should go up when announced," Chief Financial Officer of Bank of America Joe Price said in a December 29 e-mail to executives, according to report in Bloomberg. BoA had agreed to acquire broking firm Merrill Lynch after US regulators put up $20bn in fresh capital and agreed to provide $100bn in backstop loans and mortgage securities. But BoA’s shares nose dived following the deal as the market ‘attacked’ them, tumbling 47 per cent in six trading days.
Eric Siegel, Co-Founder & CEO, Gooder AI, argues machine learning (ML) projects go astray because their stakeholders focus too often on the technological fireworks — the “rocket science” of predictive models.
We can’t edit tweets, but we can edit our own DNA.
In the name of fighting horrific crimes, Apple threatens to open Pandora's box.
Instead of digging for metals, we could extract them from salty, subterranean water.
