Even though the U.S. economy remains burdened by the pandemic, prospective homebuyers and those seeking to refinance their existing mortgages are in for some good news.

Following a two-week dip, mortgage applications saw a surge of 8.2%, according to the recent report by the Mortgage Bankers Association (MBA) for the week ending Jan. 29, 2021.

Mortgage refinancing jumps to the highest level since March 2020

Applications to refinance existing mortgages rose 11% last week from the previous week with the demand at 59% higher than the same week one year ago. …


Chatbots arrive to disrupt multiple industries.

Here’s a look at some of the sectors that are most effected and demonstrate how chatbots continue to make businesses more cost effective and responsive.

1. Human Resource Space

Chatbots are digitizing human resources processes and slowly transforming the space which was primarily dominated by human employees.

A recent survey of 350 HR leaders conducted by ServiceNow finds 92% of HR leaders agree that the future of providing an enhanced level of employee service will include chatbots. …


It takes approximately 40 minutes for 82,944 processors on the world’s fastest computer to compute what one percent of our brain calculates in a second.

Despite this lag, AI has more promising solutions than humans when it comes to addressing the issue of climate change. Climate change is a serious issue that needs immediate attention across the globe. Compelling pieces of evidence that point towards a bleak future include a rise in global temperatures, extreme events, shrinking of the ice sheet, warming oceans, sea level rise, and ocean acidification.

There are several good reasons for us to believe that the…


Powered by the natural language processing (NLP) and voice-controlled technology, AI chatbots are quickly becoming a popular choice for many businesses.

Considered to be efficient and cost-effective, chatbots are deployed widely to elevate customer experience across different industries. According to a report by IBM, businesses spend $1.3 trillion on 265 billion customer service calls each year.

With chatbots, businesses can cut such whopping expenses spent on traditional customer service and speed up the response times to free up agents for more challenging work. …


dignity through identity

BanQu is providing a permanent identity-based solution for the unbanked through a ground-breaking initiative. The blockchain-as-a-service software company aims to address the issue of global poverty by identifying those who have remained anonymous in vulnerable situations. Jointly founded in 2016 by Ashish Ghadnis and Hamse Warfa (himself a refugee from Somalia), BanQu gives an identity to the unbanked by equipping the unverified with an economic and transactional identity so that they can participate equally in the global economy.

How BanQu Gives an Identity to the Unbanked

About 2.5 billion people worldwide have little to no access to credit and banking services, which categorizes them as unbanked/underbanked individuals. People…


Suicide is extremely difficult to predict, especially in depressed individuals.

But AI- algorithms could soon help doctors differentiate between patients who are depressed and those who are suicidal.

Joseph Franklin, PhD from Harvard University and author of a suicide research published by the American Psychological Association said,

a suicide expert who conducted an in-depth assessment of risk factors would predict a patient’s future suicidal thoughts and behaviors with the same degree of accuracy as someone with no knowledge of the patient who predicted based on a coin flip.

According to the World Health Organization (WHO), as many as 800,000 people…


While a reliable method to accurately identify suicidal patients is missing from medical literature, researchers are continually striving for AI-solutions to predict and prevent suicidal attempts.

Suicide is cited as the 10th leading cause of death and is one of three leading causes on the rise, according to the Centers for Disease Control and Prevention (CDC).

AI tools are diligently being deployed to address the rising suicide risk.

Machine Learning for Identifying Suicidal Thoughts

In a recent research, researchers from Vanderbilt University applied machine learning (ML) to overcome the limitations of traditional methods that predict suicide attempts by looking into…


Chatbots may soon be your personal stylist.

A recent report by MasterCard and Mercator research shows that 66% of US adults use voice assistants or chatbots, and 87% are aware of the technologies. With a growing demand for chatbots, fashion brands are introducing ways to keep the in-shop customers engaged offline too — in an organic manner that does not look automated.

With the advent of chatbots, fashion brands are racing to embrace virtual stylists, ensuring that shopping experience for customers goes beyond the usual traditional experience. …


In 2017, cyber-attacks invaded the privacy of millions, grabbing headlines as established firms struggled to keep the noise down.

Interestingly, these breaches had a common theme — they were reported weeks after their initial discovery.

Here are three of the many security breaches of 2017 that impacted millions due to reasons including low security, weak passwords or avoidable negligence.

Equifax

The breach of the Atlanta-based credit reporting agency, Equifax is one of the worst data breaches recorded in the history of cybercrimes. …

Deena Zaidi

Journalist | Previously with @VentureBeat, @TheStreet @Truthout @SeekingAlpha | Blog: http://deenazaidi.com/

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