TFNSTRETEICT1100 study - AS-TFNSTRETEICT1100-FTX100 Finacle Treasury Technical Updated: 2023

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A new study found that using artificial intelligence to police entries to open-source encyclopedias like Wikipedia could result in a more reliable source of information for users.

The study, published in Nature Machine Intelligence earlier this month, found that AI tools can help police some of the inaccurate or incomplete references that often plague online encyclopedias like Wikipedia, which could lead to improved quality and reliability, according to a report in Scientific American.

Researchers for the study developed an AI system called "SIDE," which analyzed Wikipedia references to find missing and broken links or see if the references actually support the claims of the article. For references that didn't meet the standard, the system was able to suggest better alterative references that would be more useful.

Christopher Alexander, the chief analytics officer of Pioneer Development Group, told Fox News Digital there could be some advantages to the use of AI in encyclopedias, including the idea of entirely AI-created resources.

AI CAN CONTAIN GENDER BIAS, LEADING TO POTENTIAL DISADVANTAGES FOR WOMEN, EXPERT SAYS

"The principal advantage is removing human bias. An AI could look at multiple interpretations, verify facts and constantly monitor the research or reporting around an entry," Alexander said. "Another advantage is that the AI works 24 hours a day, seven days a week and will not tire. Humans simply cannot keep up with that sort of productivity."

But there are also pitfalls, Alexander noted, including proprietary algorithms that would make it difficult for users to understand.

"The second disadvantage is found in the current state of AI platforms," Alexander said. "Presently, the AI wants, more than anything else, to make you happy. Accuracy is secondary to being useful. This can lead to AIs providing inaccurate information."

"An 'AI Wikipedia' would have more information and potentially less narrative bias."

Putting the study's system to the test, the researchers had their AI system check Wikipedia's featured articles and suggest references, with nearly 50% of cases resulting in the system's choice for a reference already being cited by an article. In cases where the system suggested alternatives, the researchers found that 21% of users preferred the citations generated by AI, compared to 10% who preferred the human citations. Another 39% did not express a preference.

WHAT IS ARTIFICIAL INTELLIGENCE (AI)?

Samuel Mangold-Lenett, a staff editor at The Federalist, told Fox News Digital, an encyclopedia run by AI could produce superior results to humans versions.

"AI is perfect for developing a so-called 'better' version of Wikipedia," Mangold-Lenett said. "This would likely be another predictive text language model similar to Chat GPT and whenever someone searches a topic, like Wikipedia, a biographical-topical article is generated."

Mangold-Lenett also noted that an AI-run Wikipedia would allow "for the rapid processing of massive datasets, theoretical utilization of every relevant available source," something that would result in "ironclad fact-checking" and potentially eliminate "human error and bias." 

"An 'AI Wikipedia' would have more information and potentially less narrative bias," Mangold-Lenett said.

WHAT IS CHATGPT?

Phil Siegel, the founder of the Center for Advanced Preparedness and Threat Response Simulation (CAPTRS), argued that what would be considered a "better" version of Wikipedia could be up for debate, though he noted AI would result in a "more comprehensive" product.

"It would also probably be more grammatically correct and would be better at generating and managing links across entries," Siegel told Fox News Digital. "It would also generate entries for more obscure information as long as it was quality controlled."

But Siegel also noted an AI-run encyclopedia would also be less timely and would require a "very good prompt management process that could update it quickly with new news."

"For entries that don’t ever really change, that’s OK. But you wouldn’t want to count on that, for example, for an entry for a currently famous person," Siegel said.

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Ultimately, Siegel argued, AI could help supplement the tasks carried out by humans.

"I would still have humans edit and quality control this information in order to make sure it was complete, up to date and not hallucinating," Siegel said. "More of a human-artificial intelligence 'partnership.'"

Shares of Infosys Ltd. were hit hard Thursday after the India-based information-technology consulting company reported fiscal second-quarter revenue that topped expectations, but trimmed its full-year growth outlook.

“We continue to see the overall environment where digital transformation programs and discretionary spends are low and decision making is slow,” said Chief Executive Salil Parekh in the post-earnings conference call with analysts, according to a FactSet transcript. “This is impacting our volumes.”

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Listening to your favorite music might be beneficial to your health after all. 

A new study has found that those who listen to their favorite songs and performances were far more effective in reducing pain they might be feeling. 

Scientists published findings in the journal Frontiers in Pain Research after conducting a study in which participants received moderately painful thermal stimuli in their inner forearm, according to SWNS.

SINGING WITH OTHERS FOR HEALTH AND WELLNESS: IT CAN ‘RENEW THE SPIRIT AND ADJUST THE MINDSET’

The stimuli resulted in a sensation that felt similar to a hot cup of tea being held against their skin.

The participants at the Roy Pain Lab at McGill University in Montreal, Quebec, were then instructed to listen to music excerpts that lasted about seven minutes each, according to the study. 

Scientists found that pain was "strongly reduced" among participants if they were listening to some of their favorite music.

MUSIC THERAPY SHOWS PROMISE IN TREATING DEPRESSION, SPEECH IMPEDIMENTS

Doctoral student at Montreal University Darius Valevicius told SWNS that the researchers also examined whether the results varied based on the type of music played — such as happy and cheerful music, or moving and bittersweet music. 

"We found that reports of moving or bittersweet emotional experiences seem to result in lower ratings of pain unpleasantness, which was driven by more intense enjoyment of the music and more musical chills," he said. 

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Scientists concluded that "musical chills" seem to indicate a neurophysiological process that can help block those pain signals triggered when putting a hot cup of tea on bare skin, as SWNS reported. 

One limitation noted in the study was the length of time the music was played — as longer periods of time could change the outcome. 

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Valevicius also said that the group of scientists is continuing to explore the psychology of music listening within the context of pain relief. 

Fox News Digital reached out to the study's authors for further comment. 

For more Lifestyle articles, visit www.foxnews.com/lifestyle.

Infosys Limited (NYSE:INFY), one of India's leading IT companies and the world's sixth-largest professional services firm by market capitalization, recently reported positive trends in both its top-line and bottom-line results in its Q2 2024 results. Over the past decade, Infosys has delivered a remarkable 158.05% return to investors, reflecting its long-term growth potential.

The company holds a promising outlook with a strong pipeline of large deals, a robust financial position, and positive cash flow. However, Infosys generates revenue from large-sized deals. If these deals are delayed, it can impact the consistency and growth performance of the business. We have already seen a reduction in FY 2024 guidance growth reduction due to slow decision-making and a decrease in discretionary spending, which should not be taken lightly. Furthermore, it has a relatively high price-to-earnings (P/E) ratio compared to industry peers, and the stock is trading near its average price target. While there are clearly risks to investing in Infosys, I believe its early investments into generative AI will be one of the major long-term growth drivers, such as a recent five-year contract with a customer worth $2 billion. Therefore, investors may want to take a bullish stance on this stock.

Company Overview

Infosys, founded in 1981 and making a historic entry on Nasdaq in 1999 as the first Indian company, is the second-largest IT firm in India, with a global presence spanning over 50 countries. One of its strengths is that it caters to many companies across a diverse number of industries internationally, providing services such as consultancy, application development, support, infrastructure services, and maintenance. The company generates revenue across seven key segments. The diversity helps the company deliver more consistent revenue growth. We saw that 27.5% of its revenue is from the financial services sector. However, the financial sector is currently negatively impacted by a slowdown in areas like mortgages, asset management, investment banking, cards and payments. This was offset in part by manufacturing's YoY double-digit growth.

While the business is facing challenges across a number of segments that could impact its performance in the near term, we have seen it attain four mega deals in Q2 2024, underscoring its expanding presence in the market. Furthermore one of the major attractions of the company is its early investment into AI capabilities and the training of its staff. Since 2023, Infosys introduced Topaz, its generative AI offering, marking its commitment to cutting-edge AI solutions. In July the company signed a five-year contract with an existing customer that has a target spend of $2 billion. this gives us an indication of the major growth potential.

Near and long-term growth challenges and potential

We are seeing that Infosys is negatively impacted by market uncertainty impacting a number of its key industries, furthermore, the company has experienced delays in some of its deals. If you are looking to invest in the short term, these can be some serious red flags as we have seen the management reduce its FY 2024 for the second time, revising growth projections of 1% to 2.5% in constant currency. Notably, the operating margin guidance for the financial year remains stable, ranging from 20% to 22%. While short-term challenges are on the horizon, Infosys holds a competitive position in a market expected to grow at a CAGR of 6% reaching $1.88 trillion according to Gartner.

Financial Overview

Infosys has demonstrated consistent financial growth over the past decade. In Q2 FY24, the company reported a 2.5% year-on-year increase in constant currency, with operating margins at 21.2%. Notably, Infosys secured large deals worth $7.7 billion, with 48% being new. To enhance operational efficiency, Infosys is implementing a margin expansion program focusing on areas like pyramid, automation, critical portfolio, indirect cost, and value across the organization. Over the past ten years, Infosys's net income has gradually increased, with the TTM figure at $3.01 billion.

In the last quarter, Infosys showcased strong free cash flow at $670 million, reflecting its financial health. The conversion of this cash flow to net profit in Q2 stood at a robust 89%. Notably, the leveraged free cash flow has remained consistently positive and on an upward trajectory over the past decade. Turning to the company's balance sheet, Infosys maintains a liquid and debt-free financial position. Its consolidated cash and investments are substantial, amounting to $4.2 billion, constituting 27% of the total assets. This robust financial foundation underscores the company's stability and liquidity.

Valuation

Following its Q2 2024 results, Infosys stock has been on an upward trajectory and is currently trading close to its average price target of $17.82. However, analysts have given mixed reviews due to the reduction of the FY2024 guidance. When we compare Infosys to industry peers like Cognizant (CTSH), Capgemini (OTCPK:CGEMY), Wipro (WIT), and Accenture (ACN), we can see that Infosys has been a rewarding investment over the past five years, yielding returns of 69.30%, with only Accenture surpassing it at 89.42%. While Infosys boasts a forward price-to-earnings ratio (FWD P/E) of 23.59, which is higher than the majority of its peers, suggesting a potential overvaluation at its current stock price, only Accenture surpasses it at 25.64. One of the major attractions to the company has been its ability to consistently win large-sized deals through competitive pricing and its digital business capabilities. While large deals can postpone performance due to the size and delay potential, I believe the company has major upside potential over the long term.

Risks

Infosys operates within a highly competitive and ever-evolving industry where its growth relies on customers' willingness to invest across diverse sectors. Economic uncertainties, rising interest rates, and inflation have adversely affected consumer spending, particularly in sectors like financial services and communication. This has led to a slowdown in digital transformation initiatives and reduced expenditure on discretionary projects. Any reduction in digital transformation efforts and discretionary spending may pose challenges to Infosys's growth prospects. Moreover, Infosys has achieved substantial growth by securing large deals through competitive pricing. However, this approach carries risks, especially if costs escalate, eroding profit margins. Furthermore, large deals can introduce a higher probability of delays, potentially impacting the company's short-term performance and financial health.

Final Thoughts

Infosys has had a remarkable growth journey by increasing its revenue and profits through a strategy of winning large-sized business deals and investing in digital business capabilities. This strategy has helped the company attract long-term revenue. However, there are some near-term challenges due to the delays experienced in these deals, such as slow decision-making and a decline in discretionary spending in many sectors, which is being impacted by an uncertain economy. Although we need to be cautious of these headwinds, the company has a strong track record of winning deals and is already seeing significant victories due to its AI capabilities. Therefore, I believe investors may want to take a long-term bullish stance on this stock.

An early leader in the field of international education, The New School continues to expand and improve the quality of its study abroad offerings in an increasingly global world. As part of the university’s department of Global Engagement and International Support Services, the Study Abroad office seeks to promote education abroad opportunities that develop intercultural competence and globally-relevant leadership skills in cooperation with academic departments and student services both for current New School students to go abroad for study and for students from international institutions to study at The New School in NYC while completing degrees at their home institutions.

Go Abroad for Study

A wide variety of study abroad programs are available to you as a New School student while you earn your degree. By studying abroad, you embark on a life-changing journey, embracing the unfamiliar, gaining new perspectives on the world, and developing greater cultural sensitivity. When preparing to study abroad, there are many questions to consider, but we’re here to help you succeed on your journey. To get started: 

Students are strongly encouraged to attend the study abroad events, fairs, and info sessions starting in the first year to discover exciting study abroad programs and begin planning for their own experience.

Come Study Abroad at The New School

The New School’s NYC campus offers unique opportunities for students who are completing a degree program abroad to gain an international study experience while they complete their degrees. Each semester, our campus hosts students from Parsons Paris and other schools around the world. Learn more about these opportunities below and contact us with any questions.