Apr 27, 2021

Apple to focus on AI and machine learning jobs at new campus

AI
Apple
Investments
machinelearning
Tilly Kenyon
2 min
Apple announced a commitment to creating jobs and opportunities in the United States with a $430 billion investment over the next five years
Apple announced a commitment to creating jobs and opportunities in the United States with a $430 billion investment over the next five years...

Apple has announced an acceleration of its US investments, with plans to make new contributions of more than $430 billion and add 20,000 new jobs across the country over the next five years. 

As part of its expansion, Apple plans to invest over $1 billion in North Carolina and will begin construction on a new campus and engineering hub in the Research Triangle area. This will create at least 3,000 new jobs in machine learning (ML), artificial intelligence (AI), software engineering, and other cutting-edge fields.

Tim Cook, Apple’s CEO, said: “We’re creating jobs in cutting-edge fields — from 5G to silicon engineering to artificial intelligence — investing in the next generation of innovative new businesses, and in all our work, building toward a greener and more equitable future.”

Expanding Apple’s US investments 

  • California: Apple continues to expand its teams across the state and now expects to grow its San Diego team to more than 5,000 employees by 2026 — a 500 percent increase from its 2018 goal. The company will also grow its teams in Culver City to more than 3,000 employees by 2026, expanding its state-of-the-art campus with additional space for these employees and more.
  • Colorado: Apple is growing its engineering team in Boulder, and expects to have close to 700 employees at its offices in the region by 2026.
  • Massachusetts: In 2018, Apple announced it would add hundreds of new jobs in the Boston metro area. With around 200 team members already working in the region, Apple plans to add several hundred new jobs by 2026.
  • Texas: Construction for Apple’s $1 billion Austin campus is underway, with employees expected to start moving into the new space next year.
  • Washington: Apple’s LEED (Leadership in Energy and Environment Design) Platinum office space in Seattle’s South Lake Union neighborhood recently opened for the company’s 1,000 local employees, with plans to add at least another 1,000 team members.
  • Iowa: The design process is underway for Apple’s new data center, which is expected to create over 500 construction and operations jobs in Waukee. Apple is supporting community infrastructure programs, including the creation of Triumph Park, a 66-acre recreation area.

The company also surpassed its 2018 hiring commitments in Miami, New York, Pittsburgh, and Portland, Oregon.

As Apple continuously grows in the US, the company is committed to doing so with a focus on renewable energy and green innovation. To date, nearly 60 of Apple’s US sites are LEED certified. Apple is carbon neutral for all of its operations in the US and around the world, and last year committed to being 100% carbon neutral for its entire supply chain and products by 2030.

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May 14, 2021

FinScan unveils Focus, new AI-Powered AML Screening Engine

AI
Technology
Data
Digitaltransformation
2 min
FinScan’s new matching engine, Focus, uses technology to produce explainable results for regulators and compliance officers

FinScan, a company that offers anti-money laundering (AML) compliance solutions, has announced the launch of its latest screening engine, Focus. 

According to the company, FinScan Focus integrates advanced AI, linguistic analytics, cultural anomalies, and data insights to ‘provide unprecedented levels of transparency and control to compliance officers looking to modernise their sanctions and politically exposed person (PEP) screening programs.’

“FinScan Focus helps compliance professionals address growing screening challenges through its immersive, predictive-analytics-based sandbox simulations,” said Kieran Holland, FinScan’s head of technical solutions. “These simulations remove the guesswork of how the changes will affect the number of alerts the organisation can expect to clear. And by giving compliance officers complete and granular control of understandable matching rules, FinScan makes it easy for them to explain their results to regulators.”

Randal Skipper, president of global field operations, FinScan said: “FinScan Focus combines our Data Quality heritage with our skills in computational linguistics to give clients a solution that models human behavior. Focus’s highly intuitive and configurable dashboards enable advanced monitoring and management of screening alerts, making it a huge breakaway from traditional technology and workflows.”

 

COVID-19 crisis and financial management 

FinScan recently conducted a global survey to see how the anti-money laundering (AML) and anti-financial crime (AFC) compliance communities are dealing with challenges brought on by COVID-19. 

The report found the top challenge facing the compliance community during the coronavirus pandemic was the need to work remotely from home while lacking the proper technology and access to internal IT systems. Most organisations feel that their exposure to compliance risk has increased due to, remote working, inadequate IT support for remote access, and the speed with which the organisation had to adjust to crisis management mode and roll out new online services.

63% of respondents expected that criminal activity levels would rise and that their ability to meet regulatory requirements would be impeded due to the pandemic situation. Many organisations said they do feel that they have some level of business continuity planning in place, but not sufficient planning to accommodate this particular pandemic situation. This shows there is an opportunity for future planning, to incorporate a more pandemic-related risk-based approach into their existing business continuity frameworks.

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