July 19, 2016
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RecordedFuture, at first glance, is scary. It’s one of those projects that brings the saying “with great power comes great responsibility” to mind. The company has developed a platform for providing momentum and sentiment ratings around two conceptual abstractions: events & entities. Its system is continually scanning “thousands of high-quality new publications, blogs, public niche sources, trade publications, government web sites, financial database, and more,” then making that available via the Recorded Future News Analytics API. This type of news aggregation and processing is a level of awareness that no single human could otherwise obtain. From a theoretical perspective, having a tool such as this at one’s disposal would create a huge information advantage. Could this be called an information weapon?
When Microsoft launched their much-touted new search engine Bing last week it generated a lots of press and despite a somewhat muted expectations, it turned-out to be something of a hit. But lost in all the broader buzz about Bing was some news for developers: Bing has an API (we've now added a new Bing API Profile with technical details).
Capital One has added another API to its DevExchange portfolio of banking APIs. This one is called the Merchant Insights API and it applies machine learning to transaction data in order to unearth interesting insights about a business such as the hours that it is open during each day of the week.