Dear Visitor,

Our system has found that you are using an ad-blocking browser add-on.

We just wanted to let you know that our site content is, of course, available to you absolutely free of charge.

Our ads are the only way we have to be able to bring you the latest high-quality content, which is written by professional journalists, with the help of editors, graphic designers, and our site production and I.T. staff, as well as many other talented people who work around the clock for this site.

So, we ask you to add this site to your Ad Blocker’s "white list" or to simply disable your Ad Blocker while visiting this site.

Continue on this site freely
  HOME     MENU     SEARCH     NEWSLETTER    
THE ENTERPRISE SECURITY SUPERSITE. UPDATED 11 MINUTES AGO.
You are here: Home / EST Contributed Content / AI Software Can Predict the Future
The Future Is Here: AI Software Predicts Outcome of Upcoming Events
The Future Is Here: AI Software Predicts Outcome of Upcoming Events
News as reported by the company Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
AI software can now predict the outcome of future events including politics and sports -- Data scientists have developed technology that can successfully predict the outcome of any future event with a high degree of accuracy

Artificial intelligence startup MAGOS has developed software that combines neural networks and blockchain technology that simulates a collection of biological brains to accurately predict the outcome of future events relating to sports, politics and even behaviour.

The software learns and recognizes complex patterns in data allowing it to predict patterns, trends and even more subtle ticks, making it a powerhouse at forecasting.

The software was tested over a four-month period earlier this year, betting on multiple sporting events, and did notably better than other gamblers (both human and bots) creating a 30% higher return on investment.

By using the advances in artificial intelligence (AI) and machine learning, and tapping in to a wide variety of platforms, including conventional prediction markets, exchanges and sportsbooks, the firm is on the path to building the ultimate forecasting tool.

"MAGOS is based on a system of neural networks. Each network performs a specific task, but they work together in collaboration. The backbone of MAGOS is its modular architecture. It allows us to develop and implement individual forecasting modules, targeting different kinds of forecasting domains, from business and finance to sports and politics," said Andreas Theiss, data scientist and CTO at Magos.

MAGOS is essentially a complex, scalable AI based on five neural networks that, when working together, have the power to predict the outcome of any future event with high accuracy, which not only outperforms conventional prediction systems but also humans.

MAGOS can be used for forecasting events in any domain, provided that there is sufficient historic data to learn from.

AI is transforming the world we live in and has already managed to achieve some amazing breakthroughs, including spotting cancer in tissue slides more accurately than doctors, flagging errors in legal documents and even beating the world's top gamers at Dota 2, an extremely complex video game.

MAGOS is currently holding an initial coin offering (ICO) to crowdfund future development and has already raised half a million dollars.

Image credit: iStock.

Tell Us What You Think
Comment:

Name:

Like Us on FacebookFollow Us on Twitter
MORE IN EST CONTRIBUTED CONTENT
ENTERPRISE SECURITY TODAY
NEWSFACTOR NETWORK SITES
NEWSFACTOR SERVICES
© Copyright 2017 NewsFactor Network. All rights reserved. Member of Accuserve Ad Network.