Cornell Financial Engineering 2022 Future of Finance Conference in Manhattan

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The Future of Machine Learning: Cornell Financial Engineering’s 2022 Future of Finance Conference in Manhattan

10.05 ROUND TABLE: The future of machine learning

Moderator: Bill JanewayFmr Vice President, Warburg Pincus

Dr Ruchir PuriChief Scientist, IBM Research, Peng ChengHead of Machine Learning Strategies, JPMorgan, Yu Yudirector of data science at BlackRock, Dr. Paul BurchardR&D Manager Goldman Sachs

Full agenda

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Ruchir Puri is CTO and chief architect of IBM Watsona IBM Fellow and currently Chief Scientist of IBM Research. He is a IEEE Memberfellow of the IBM Academy of Technology and IBM Master Inventor, a MCA Distinguished Lecturer and IEEE Distinguished Lecturer. Ruchir received Semiconductor Research Societythe Outstanding Mentor Award from .

Ruchir was a visiting scientist in the Department of Computer Science, Stanford UniversityCA, and Adjunct Professor in the Department of Electrical Engineering, Colombia UniversityNY and was awarded the John Von-Neumann Chair of the Institute of Discrete Mathematics at University of Bonn, Germany. Additionally, Ruchir received the 2014 Asian American Engineer of the Year award. Additionally, he has delivered numerous keynote speeches and guest lectures at major software and hardware conferences. He is an inventor of more than 50 United States patents and is the author of over 100 publications as well as a book on the analysis of analysis. Finally, Ruchir is an active proponent of technology with school children and has evangelized fun with electronics and PREMIER LEGO League Robotics in college students.

Selected awards and honors

  • IBM Fellow, 2012
  • IEEE Fellow for “contributions to automated logical and physical design of electronic circuits”, 2007.
  • ACM Distinguished Lecturer, 2006-present
  • SRC – GRC Outstanding Mentor Award for contributions to academic research and student mentorship, 2008.
  • Distinguished Lecturer IEEE Circuits and Systems, 2010–2011.
  • Asian American Engineer of the Year Award, 2014.
  • Best IBM Award, 2011, 2012.
  • IBM Master Inventor, 2009.
  • Elected to IBM Academy of Technology, 2009.
  • John-Von-Neumann Chair at the Research Institute for Discrete and Applied Mathematics, University of Bonn, Germany, 2011.

Peng Cheng is Managing Director and Head of Big Data and AI Strategies at JPMorgan. He is responsible for developing multi-asset investment strategies by leveraging alternative data and advanced statistical techniques. Previously, he covered equity derivatives strategies in London.

Prior to joining the bank in 2010, he was a convertible and volatility strategist at Lehman Brothers/Barclays in New York. He holds a master’s degree from the University of California at Berkeley and is a CFA charterholder.

Yu Yu is Director of Data Science at BlackRock, Aladdin Client Sales and Solutions Group. Yu Yu has worked at Bank of New York Mellon, Point72, and AIG, where she leveraged state-of-the-art statistical modeling and ML techniques to solve a wide range of investment and business problems. Yu was a tenured professor of marketing at Georgia State University for nearly five years prior to his career in the industry.

Yu Yu grew up in China and earned her bachelor’s degree in finance from NanKai University. She went on to earn a master’s degree in economics from Indiana University Bloomington and a doctorate in quantitative marketing from Cornell University Johnson School of Management.

Paul Burchard is Managing Director and Head of Research and Development at Goldman Sachs.

It focuses on conceiving and developing creative mathematical ideas that advance cutting-edge fields of technology and finance. Paul also designs and develops software to implement these ideas.

Before Goldman Sachs, at the University of California, Paul invented algorithms for fabricating integrated circuits with characteristics smaller than the wavelength of light used to illuminate lithographic masks. A conceptual advance was to show that the wavelength of light does not actually limit the size of patterns that can be imaged, if we can have multiple exposures. When the desired pattern is smaller than the wavelength. The mask does not look like the pattern, but rather must be discovered by solving an inverse problem. To effectively solve inverse problems, invented a fast incremental convolution algorithm, based on the concept of space-filling fractal curves. This algorithm is as fundamental as the famous FFT, which allows fast convolution.

As a visiting assistant professor at UC, Paul invented the correct equation for processing vector data with features; for example, removing noise from color images that contain edges. This equation is known as “color TV” and has many applications.

Previously, when Paul was at Princeton as a researcher

He invented a more realistic notion of fuzzy string matching and efficient algorithms for finding such matches. Standard fuzzy matching only allows single character differences. But human-generated text and biological genes also evolve through large block operations.

Finally, Paul received his Ph.D. in Mathematics from the University of Chicago and received his AB in Mathematics and Physics from Washington University in St. Louis.

Cornell Financial Engineering Manhattan 2022 Future Of Finance Speaker Profile: Bill Janeway Warburg Pincus xVice-Chair & Partner

Full Conference Agenda

Early life and education

Bill Janeway was born on May 3, 1943 in Manhattan, the second son of Elizabeth Janewayauthor and critic, and Eliot Janeway, political economy columnist. He attended Trinity School in New York, from which he graduated as valedictorian of the class of 1961, and princeton universityfrom which he graduated as valedictorian of the class of 1965. He received a Marshall Scholarship to University of Cambridgewhere he registered Pembroke College and earned a doctorate. in Economics in 1971. His doctoral thesis, entitled “The Economic Policies of the Labor Government 1929-1931” was supervised by Professor Lord Kahn.

Investment career

In 1970, Janeway joined F. Eberstadt & Co., Inc., the investment bank founded by Ferdinand Eberstadt. In 1979, he was promoted to director of corporate finance. In 1985, F. Eberstadt was taken over by Robert Fleming & Co., the investment bank and investment management company in London. Janeway served as director of corporate finance for the resulting U.S. subsidiary, Eberstadt Fleming & Co., Inc., until 1988.

Capital risk

Janeway joined Pincus de Warburg, the private equity firm, in 1988 leading its high-tech investment team. The company’s high-tech investments during the 1990s focused on information and communications technology, and after 1991 increasingly focused on enterprise software.

In 1992, the company financed the launch of OpenVision Technologies, which would later merge with VERITAS software in 1996. In 1999, Warburg Pincus was also the founder and sole investor of BEA systems.

Warburg Pincus eventually distributed its positions in both companies to its limited partners, realizing total returns of $750 million in VERITAS stock and $6.5 billion in BEA stock on investments of approximately $50 million each.

In 2006 Janeway retired as vice president of Warburg Pincus. He remains a special limited partner.[4]

To research

In collaboration with Michael McKenzie of University of Sydney, Janeway has conducted research on venture capital returns. He was a visiting teacher at princeton universityeconomics department in 2012.

Work on innovation

Janeway reconnected with academic economics through her friendship with Hyman Minsky which began in the mid-1980s. Janeway’s paper, “Doing Capitalism: Notes on the Practice of Venture Capitalism,” presented at the annual meeting of the Association for Evolutionary Economics in December 1985, was commissioned by Minsky.

Current positions

Janeway is a special sponsor of Warburg Pincus. Janeway is a director of Magnet Systems and O’Reilly Media. He is an affiliate member of the Faculty of Economics of Cambridge University.

Janeway is co-founder and member of the Board of Governors of the Institute for New Economic Thought. He is a member of the board of directors of the Social Science Research Council and the Princeton Advisory Board Bendheim Center for Finance. In addition, he is a member of the Governing Board of the Cambridge Institute-INET at the University of Cambridge and a member of the Board of Trustees of the Cambridge Endowment for Research in Finance (CERF). He is a member of the board of directors of the Fields Institute for Research in the Mathematical Sciences. Finally, he is the author of Doing capitalism in the economy of innovation: reconfiguring the game of three between markets, speculators and the statepublished by Cambridge University Press in 2012.

Philanthropic work

Janeway and his wife, Weslie Janeway, established the Cambridge Endowment for Research in Finance in 2001 and funded the annual Princeton-Cambridge Finance Seminars in 2004.

Private life

In 1985 Janeway married Weslie Resnick, Vice President of F. Eberstadt & Company, in a non-denominational ceremony in New York City. It was his second marriage.

Honors

In September 2012, Janeway received an honorary award Commander of the Order of the British Empire (CBE) “for services to education in support of the University of Cambridge and to UK/US relations“. Additionally, he is a recipient of the 2017 Marshall Medal from the Marshall Aid Commemoration Commission.

Janeway’s Book make capitalism was included in Foreign Affairs’ 2012 “Best Books on Economic, Social and Environmental Subjects” list, as well as the Financial Times “Best Books of 2012”.

Works

  • WH Janeway, Doing capitalism in the economy of innovation: markets, speculation and the state (Cambridge University Press, 2012; fully revised and updated version, Cambridge University Press, 2018)
  • MD McKenzie and Janeway, WH, “Venture Capital Funds as an Alternative Category of Investment” in Asset management: tools and strategiesJune, (London: Bloomsbury Publishing Company, 2011)
  • WH Janeway, “Doing Capitalism, Revised and Extended” in W.Drechsler, Kattel, R. and Reinert. ES (ed.), Techno-Economic Paradigms: Essays in Honor of Carlota Perez(London: Anthem Press, 2009)
  • WH Janeway, Introduction, in NR Lamoreaux and Sokoloff, KL (eds), Financing Innovation in the United States, 1870 to the Present. (Cambridge MA: MIT Press, 2007)
  • WH Janeway, “Technology and Value”, Social research. 64(3) 1327-1331 (1997)
  • WH Janeway, “The Sterling Crisis of 1931 and the Independence of the Bank of England”, Journal of Post-Keynesian Economics. 18(2) 251-268 (Winter 1995-19960 (from Wiki)

The Future of Machine Learning: Cornell Financial Engineering’s 2022 Future of Finance Conference in Manhattan

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