It’s the start of the summer and, with it, SoftWorks AI’s fresh group of summer interns have joined the team. Our internship program is an important part of the SoftWorks identity. It keeps us connected to our academic roots and in touch the latest machine learning and computer vision developments at universities across the country and the world.
A few months back Zillow, an online real estate database company, made a move that turned some heads in the mortgage industry. After years of providing real estate information to home buyers and, more recently, connecting borrowers and lender via their online financing tool, Zillow announced that they are now originating their own mortgages. This announcement represents a major change for Zillow as it transitions from an advertising company to a full-blown real estate company. Moreover, it represents a major change in the mortgage origination sector, a change that has been developing behind the scenes for several years.
Original E-Commerce Pioneers When eBay was founded in 1995, they were pioneers in the e-commerce arena. They went to IPO just three years later, tripling their stock price on their very first trading day. Since then eBay has lost much of its momentum and popularity.
On May 9th congresswoman Maxine Waters (D-CA), chairwoman of the House Committee on Financial Services, announced the creation of two task forces on Financial Technology and Artificial Intelligence. The committee, also known as the House Banking Committee, oversees the operation of the financial services industry and its regulatory agencies. The task forces were created to keep Congress well informed on the technological developments of the financial sector and to allow them to make educated decisions regarding policy and regulation.
With each passing month the so-called “gig economy” grows to comprise a larger portion of the US workforce. The gig economy is an economic environment characterized by short-term contracting and freelance work, and it is the principle on which companies like Uber, Etsy and Freelancer.com operate.