AI & FinTech Journal by Formica AI

Netflix Offers $900,000 Salary for AI Expert to Enhance ML Platform

Netflix is offering an annual salary of up to $900,000 for a Product Manager on their Machine Learning Platform (MLP). The company is looking for someone who can fully utilize machine learning and AI to enhance the Netflix experience for both employees and customers. The ideal candidate will have experience in shaping AI strategy, introducing new AI-powered features, and establishing an education system to train other Netflix employees on utilizing the MLP.

In addition to this high-paying position, Netflix is also taking action against account sharing and discontinuing its $9.99-per-month basic plan in the US and UK. These moves are likely in response to the company's recent subscriber losses.

Israeli Fintech Unicorn Vesttoo Accused of $4 Billion Fraud

Vesttoo, an Israeli fintech unicorn that develops a digital platform for assessing risk in insurance investments, has been accused of a $4 billion fraud. The company allegedly presented fake collateral to investors, which means that essentially all the collateral presented by the company did not exist.

The company told: "The Vesttoo team discovered inconsistencies between an investor and a cedent in transactions that Vesttoo modeled the risk for. We take the integrity of our business very seriously and are conducting a comprehensive third-party audit to ensure our due diligence processes continue to be robust."

The fraud was reportedly uncovered following an initial inspection conducted over the weekend. Vesttoo has not yet commented on the allegations.

AI Models Boost Children's Suicide-Risk Prediction

Researchers have developed three machine-learning models to predict suicide risk in children. The models were trained on data from electronic health records, and they were able to outperform traditional methods. The most comprehensive model incorporated 84 data points, while another model considered all mental health diagnostic codes. A third model assessed various indicators, such as medications and lab tests.

The researchers believe that the models could be used to identify children at risk of suicide, and they could also be used to develop new interventions.