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...first corporate board Walesa, 58, has agreed to join is that of NuTech Solutions, a closely held company founded three years ago in Charlotte, N.C., by a pair of Polish immigrants. NuTech creates software that uses artificial intelligence (AI) to boost efficiency in its clients' manufacturing, distribution and customer service. NuTech software allows Ford to find profitable new ways to sell vehicles that are coming off leases. It helps Unilever target inefficiencies in its supply chain. And it is being used to detect check and credit-card fraud at Bank of America--whose legendary former CEO, Hugh McColl, also serves...
Most software firms, of course, promise to make their clients more efficient. But NuTech claims that its products--developed by using AI technologies such as neural networks, fuzzy logic and evolutionary computing--can monitor each player continuously in a supply-and-demand equation, consider the millions of ways each player's decisions impact the business and then suggest the best ways to fine-tune a client's operations. "All our products have the common characteristic of increasing profits and decreasing costs," especially in the targeting of prospective customers, says Matthew Michalewicz, 26, NuTech's chief executive...
...AI Caramba! The implosion-in-waiting is the Denver Nuggets. Carmelo Anthony is upset he's the third-best player in his draft class. Allen Iverson is upset he's the second-best player on his team. George Karl is upset he's the worst big-name coach in the league. Nene and Chuckie Atkins are upset because they're hurt. Kenyon Martin upset for the sake of being upset. Your 2007-08 Nuggets - combustible, but balanced...
...even better at producing poverty-stricken retired athletes. Last year, China's national news agency Xinhua reported that almost half of 6,000 professional athletes retiring from competition each year end up jobless or without further schooling plans. Among them, the winner of the 1999 Beijing International Marathon Ai Dongmei, 26, who announced last year that she had no choice but to sell off her medals so that she could feed her family. Former Asian weightlifting champion Cai Li died of pneumonia at age 33 after he couldn't afford to pay his medical bills. Liu Fei, a seven-time...
...When I was on the Ivy Policy committee I used to be the guy who would explain some of the highly technical problems [the AI] has as a statistical instrument,” Lewis says. “But the basic idea of using it to ensure representativeness is exactly right. The Ivy presidents were smart to adopt it and to keep using it. It’s one of the things that keeps the Ivy League with an athletic program of which we can be proud...