Ant Financial, Citi, LSEG and State Street among firms setting up at MIT’s AI lab

MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) recently launched a research-industry collaboration focused on creating financial technologies that will be able to open up new business models, gain new data insights, and improve security. The initiative will span topics that include artificial intelligence, cryptocurrencies, blockchain foundation and applications, machine learning, multi-party computation for superior security and privacy, data management and analytics, natural language processing, and cyber-risk management, among others.

MIT professors Andrew Lo, Silvio Micali, and Shafi Goldwasser are leading the new initiative, which is called FinTech@CSAIL. A select group of companies, including ANT Financial, Citi, London Stock Exchange Group, Nasdaq, Ripple, Ryan LLC, and State Street, will work with CSAIL researchers to inform new lines of impactful research and develop innovative real-world applications. Lo’s research centers on using computational tools to make better financial decisions, including financial engineering and risk management, trading technology and market microstructure, as well as creating computational models for individual risk preferences, financial markets, and intelligence.

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