The 2018 Turing Award, often considered as the Nobel Prize of computer science, was awarded to three significant contributors in the field of Artificial Intelligence (AI). Yoshua Bengio, Geoffrey Hinton, and Yann LeCun, collectively referred to as the ‘Godfathers of AI,’ were recognized for their pioneering work in the AI subfield of deep learning. Additionally, the Reserve Bank has expanded the rupee interest rate derivatives market to include non-residents.
Turing Award and its Prestige
Presented by the Association for Computing Machinery (ACM), the A.M. Turing Award is an annual recognition bestowed upon individuals or groups who have made substantial technical contributions to the computing community. This prestigious award, which celebrates the contributions of British mathematician and logician Dr. A.M. Turing, is jointly funded by Intel Corporation and Google Inc.
Deep Learning: Revolutionizing Technology
Deep learning, a specialized machine learning method, is instrumental in teaching computers to emulate human cognitive processes, particularly learning through experience. This technology has significant applications across various industries, from powering autonomous vehicles to facilitating voice controls in consumer devices.
Association for Computing Machinery (ACM)
Since 1960, the Association for Computing Machinery (ACM) has served as a global organization for professionals and institutions within the fields of computer science and information technology. The ACM is responsible for granting the famed Turing Award annually.
Dr. A.M. Turing: A Pioneer in Multiple Fields
Alan Mathison Turing (1912-1954) was a notable British mathematician and logician. His contributions spanned multiple disciplines, including mathematics, cryptanalysis, logic, philosophy, and mathematical biology. He also played an instrumental role in the establishment of computer science, cognitive science, artificial intelligence, and artificial life.
Significant Facts About Turing Award and AI
| Turing Award Winners | Yoshua Bengio, Geoffrey Hinton, Yann LeCun |
|---|---|
| Turing Award Sponsor | Association for Computing Machinery (ACM) |
| Deep Learning | AI technique teaching computers to learn from experience |
| Key Applications | Driverless cars, voice control in consumer devices |
Rupee Interest Rate Derivatives
The Reserve Bank has now allowed non-residents to partake in the rupee interest rate derivatives segment. This allows them to transact rupee interest rate derivative operations on recognized stock exchanges, electronic trading platforms, and over-the-counter markets. The prime objective is to widen the rupee interest rate swap (IRS) market and increase non-resident participation in domestic markets, thereby stabilizing the Indian Rupee against the Dollar. Interest-rate derivatives are financial instruments that fluctuate in value based on the movements in interest rates, commonly used as a hedge against changes in the market interest rates.
