The Week Ahead: Ed’s Daily Notes for January 27th   Leave a comment

(hat tip to Dumpaday for the pic)

The world took the weekend off, which is good, because the week ahead looks pretty busy, between earnings and economic stuff:

MONDAY: Apple (AAPL) earnings (what else do you need?).
TUESDAY: Federal Reserve Open Market Committee (FOMC) meeting begins, and earnings reports: Pfizer (PFE), AT&T (T), and Comcast (CMCSA).
WEDNESDAY: FOMC announcement (more taper?), and earnings reports: Facebook (FB), QUALCOMM (QCOM), and Boeing (BA).
THURSDAY: 1st guess/report on 4th Quarter U.S. GDP, and earnings reports: Exxon (XOM), Google (GOOG), Amazon (AMZN), Visa (V), United Parcel Service (UPS), and Altria Group (MO).
FRIDAY: Earnings reports: Chevron (CVX) and Mastercard (MA).

Speaking of Google…

Reuters (via Yahoo Finance): Google to buy artificial intelligence company DeepMind

Google Inc said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies Ltd.

Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing where it got the information.

…Founded in London in 2012 by Demis Hassabis, Shane Legg and Mustafa Suleyman, DeepMind uses general-purpose learning algorithms for applications such as simulations, e-commerce and games, according to its website.

If DeepMind’s algorithms work, then $400 million is a small price to pay for the company. Learning algorithms have to be the hardest algorithms to write, so a functional one is like pure coding gold. This purchase is either a steal, or a small waste of money, since $400 million is nothing on Google’s balance sheet.


Posted January 27, 2014 by edmcgon in Federal Reserve, Market Analysis, News, Stocks, Technology

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