Stress majorization is an optimization strategy used in multidimensional scaling (MDS) where, for a set of n {\displaystyle n} m {\displaystyle m} -dimensional data items, a configuration X {\displaystyle X} of n {\displaystyle n} points in r {\displaystyle r} ( ≪ m ) {\displaystyle (\ll m)} -dimensional space is sought that minimizes the so-called stress function σ ( X ) {\displaystyle \sigma (X)} . Usually r {\displaystyle r} is 2 {\displaystyle 2} or 3 {\displaystyle 3} , i.e. the ( n × r ) {\displaystyle (n\times r)} matrix X {\displaystyle X} lists points in 2 − {\displaystyle 2-} or 3 − {\displaystyle 3-} dimensional Euclidean space so that the result may be visualised (i.e. an MDS plot). The function σ {\displaystyle \sigma } is a cost or loss function that measures the squared differences between ideal ( m {\displaystyle m} -dimensional) distances and actual distances in r-dimensional space. It is defined as: σ ( X ) = ∑ i < j ≤ n w i j ( d i j ( X ) − δ i j ) 2 {\displaystyle \sigma (X)=\sum _{i Drops is a language learning app that was created in Estonia by Daniel Farkas and Mark Szulyovszky in 2015. It is the second product from the company, after their first app, LearnInvisible, had issues in retaining a user's engagement over the required time period. The languages available include Native Hawaiian and Māori, and was classified as one of the fifty "Most Innovative Companies" for 2019 by Fast Company. The company partnered with Global Eagle Entertainment to include Travel Talk, a feature intended to focus on words and phrases frequently used by travelers. At the beginning of the COVID-19 pandemic in March 2020, the number of users increased by 55 percent in the United States and 92 percent in the United Kingdom. Droplets, a language app for children, includes profiles for multiple teachers working with remote students. The company also produces an app called Scripts, intended to help users learn to write alphabets. The app was purchased by the Norwegian company Kahoot! on 24 November 2020. Parchive (a portmanteau of parity archive, and formally known as Parity Volume Set Specification) is an erasure code system that produces par files for checksum verification of data integrity, with the capability to perform data recovery operations that can repair or regenerate corrupted or missing data. Parchive was originally written to solve the problem of reliable file sharing on Usenet, but it can be used for protecting any kind of data from data corruption, disc rot, bit rot, and accidental or malicious damage. Despite the name, Parchive uses more advanced techniques (specifically error correction codes) than simplistic parity methods of error detection. As of 2015, PAR1 is obsolete, PAR2 is mature for widespread use, and PAR3 is a discontinued experimental version developed by MultiPar author Yutaka Sawada. The original SourceForge Parchive project has been inactive since April 30, 2015. A new PAR3 specification has been worked on since April 28, 2019 by PAR2 specification author Michael Nahas. An alpha version of the PAR3 specification has been published on January 29, 2022 while the program itself is being developed. == History == Parchive was intended to increase the reliability of transferring files via Usenet newsgroups. Usenet was originally designed for informal conversations, and the underlying protocol, NNTP was not designed to transmit arbitrary binary data. Another limitation, which was acceptable for conversations but not for files, was that messages were normally fairly short in length and limited to 7-bit ASCII text. Various techniques were devised to send files over Usenet, such as uuencoding and Base64. Later Usenet software allowed 8 bit Extended ASCII, which permitted new techniques like yEnc. Large files were broken up to reduce the effect of a corrupted download, but the unreliable nature of Usenet remained. With the introduction of Parchive, parity files could be created that were then uploaded along with the original data files. If any of the data files were damaged or lost while being propagated between Usenet servers, users could download parity files and use them to reconstruct the damaged or missing files. Parchive included the construction of small index files (.par in version 1 and .par2 in version 2) that do not contain any recovery data. These indexes contain file hashes that can be used to quickly identify the target files and verify their integrity. Because the index files were so small, they minimized the amount of extra data that had to be downloaded from Usenet to verify that the data files were all present and undamaged, or to determine how many parity volumes were required to repair any damage or reconstruct any missing files. They were most useful in version 1 where the parity volumes were much larger than the short index files. These larger parity volumes contain the actual recovery data along with a duplicate copy of the information in the index files (which allows them to be used on their own to verify the integrity of the data files if there is no small index file available). In July 2001, Tobias Rieper and Stefan Wehlus proposed the Parity Volume Set specification, and with the assistance of other project members, version 1.0 of the specification was published in October 2001. Par1 used Reed–Solomon error correction to create new recovery files. Any of the recovery files can be used to rebuild a missing file from an incomplete download. Version 1 became widely used on Usenet, but it did suffer some limitations: It was restricted to handle at most 255 files. The recovery files had to be the size of the largest input file, so it did not work well when the input files were of various sizes. (This limited its usefulness when not paired with the proprietary RAR compression tool.) The recovery algorithm had a bug, due to a flaw in the academic paper on which it was based. It was strongly tied to Usenet and it was felt that a more general tool might have a wider audience. In January 2002, Howard Fukada proposed that a new Par2 specification should be devised with the significant changes that data verification and repair should work on blocks of data rather than whole files, and that the algorithm should switch to using 16 bit numbers rather than the 8 bit numbers that PAR1 used. Michael Nahas and Peter Clements took up these ideas in July 2002, with additional input from Paul Nettle and Ryan Gallagher (who both wrote Par1 clients). Version 2.0 of the Parchive specification was published by Michael Nahas in September 2002. Peter Clements then went on to write the first two Par2 implementations, QuickPar and par2cmdline. Abandoned since 2004, Paul Houle created phpar2 to supersede par2cmdline. Yutaka Sawada created MultiPar to supersede QuickPar. MultiPar uses par2j.exe (which is partially based on par2cmdline's optimization techniques) to use as MultiPar's backend engine. == Versions == Versions 1 and 2 of the file format are incompatible. (However, many clients support both.) === Par1 === For Par1, the files f1, f2, ..., fn, the Parchive consists of an index file (f.par), which is CRC type file with no recovery blocks, and a number of "parity volumes" (f.p01, f.p02, etc.). Given all of the original files except for one (for example, f2), it is possible to create the missing f2 given all of the other original files and any one of the parity volumes. Alternatively, it is possible to recreate two missing files from any two of the parity volumes and so forth. Par1 supports up to a total of 256 source and recovery files. === Par2 === Par2 files generally use this naming/extension system: filename.vol000+01.PAR2, filename.vol001+02.PAR2, filename.vol003+04.PAR2, filename.vol007+06.PAR2, etc. The number after the "+" in the filename indicates how many blocks it contains, and the number after "vol" indicates the number of the first recovery block within the PAR2 file. If an index file of a download states that 4 blocks are missing, the easiest way to repair the files would be by downloading filename.vol003+04.PAR2. However, due to the redundancy, filename.vol007+06.PAR2 is also acceptable. There is also an index file filename.PAR2, it is identical in function to the small index file used in PAR1. Par2 specification supports up to 32,768 source blocks and up to 65,535 recovery blocks. Input files are split into multiple equal-sized blocks so that recovery files do not need to be the size of the largest input file. Although Unicode is mentioned in the PAR2 specification as an option, most PAR2 implementations do not support Unicode. Directory support is included in the PAR2 specification, but most or all implementations do not support it. === Par3 === The Par3 specification was originally planned to be published as an enhancement over the Par2 specification. However, to date, it has remained closed source by specification owner Yutaka Sawada. A discussion on a new format started in the GitHub issue section of the maintained fork par2cmdline on January 29, 2019. The discussion led to a new format which is also named as Par3. The new Par3 format's specification is published on GitHub, but remains being an alpha draft as of January 28, 2022. The specification is written by Michael Nahas, the author of Par2 specification, with the help from Yutaka Sawada, animetosho and malaire. The new format claims to have multiple advantages over the Par2 format, including support for: More than 216 files and more than 216 blocks. Packing small files into one block, as well as deduplication when a block appears in multiple files. UTF-8 file names. File permissions, hard links, symbolic/soft links, and empty directories. Embedding PAR data inside other formats, like ZIP archives or ISO disk images. "Incremental backups", where a user creates recovery files for some file or folder, change some data, and create new recovery files reusing some of the older files. More error correction code algorithms (such as LDPC and sparse random matrix). BLAKE3 hashes, dropping support for the MD5 hashes used in PAR2. == Software == === Multi-platform === par2+tbb (GPLv2) — a concurrent (multithreaded) version of par2cmdline 0.4 using TBB. Only compatible with x86 based CPUs. It is available in the FreeBSD Ports system as par2cmdline-tbb. Original par2cmdline — (obsolete). Available in the FreeBSD Ports system as par2cmdline. par2cmdline maintained fork by BlackIkeEagle. par2cmdline-mt is another multithreaded version of par2cmdline using OpenMP, GPLv2, or later. Currently merged into BlackIkeEagle's fork and maintained there. ParPar (CC0) is a high performance, multithreaded PAR2 client and Node.js library. Does not support verifying or repair, it can currently only create PAR2 archives. par2deep (LGPL-3.0) — Produce, verify and repair par2 files recursively, both on the command line as well as with the aid of a graphical user interface. It is available in the Python Package Index system as par2deep. par2cron (MIT License) is an o The term information scientist developed in the latter part of the twentieth century by Wm. Hovey Smith to describe an individual, usually with a relevant subject degree (such as one in Information and Computer Science - CIS) or high level of subject knowledge, providing focused information to scientific and technical research staff in industry. It is a role quite distinct from and complementary to that of a librarian. Developments in end-user searching, together with some convergence between the roles of librarian and information scientist, have led to a diminution in its use in this context, and the term information officer or information professional (information specialist) are also now used. The term was, and is, also used for an individual carrying out research in information science. Brian C. Vickery mentions that the Institute of Information Scientists (IIS) was established in London during 1958 and lists the criteria put forward by this institute "Criteria for Information Science" (appendix 1) as well as his own "Areas of study in information science" (appendix 2). The IIS merged with the Library Association in 2002 to form the Chartered Institute of Library and Information Professionals (CILIP). == Notable Information Scientists == See also Award of Merit - Association for Information Science and Technology Marcia Bates David Blair (information technologist) Samuel C. Bradford Michael Buckland John M. Carroll Blaise Cronin Emilia Currás Brenda Dervin Eugene Garfield Paul B. Kantor Frederick Wilfrid Lancaster Calvin Mooers Tefko Saracevic Linda C. Smith Robert Saxton Taylor Brian Campbell Vickery Thomas D. Wilson == Additional reading == Ellis, David and Merete Haugan. (1997) "Modelling the information seeking patterns of engineers and research scientists in an industrial environment" (Journal of Documentation, Volume 53(4): pp. 384–403) Poole, Alex H. (2024). "'There's a big difference between going through life with the wind at your back, and going through life leaning into the wind': Feminism in Post-World War II Information Science". Proceedings of the Association for Information Science and Technology. 61: 300–313. doi:10.1002/pra2.1029. Vickery, Brian Campbell (1988) "Essays presented to B. C. Vickery" (Journal of Documentation, Volume 44, pp. 199–283). Vickery, B. & Vickery, A. (1987) Information Science in theory and practice (London: Bowker-Saur, pp. 361–369) In medical research, an umbrella review is a review of systematic reviews or meta-analyses. They may also be called overviews of reviews, reviews of reviews, summaries of systematic reviews, or syntheses of reviews. Umbrella reviews are among the highest levels of evidence currently available in medicine. By summarizing information from multiple overview articles, umbrella reviews make it easier to review the evidence and allow for comparison of results between each of the individual reviews. Umbrella reviews may address a broader question than a typical review, such as discussing multiple different treatment comparisons instead of only one. They are especially useful for developing guidelines and clinical practice, and when comparing competing interventions. The following article is a broad timeline of the course of events related to artificial intelligence risks in global finance. The AI boom has led to concerns including the existential risk from artificial intelligence, as the uptake on applications of artificial intelligence increases. By late 2025, global finance and artificial intelligence were "deeply intertwined". A June 2025 Menlo Ventures report raised concerns about the sustainability of future revenue and long-term profitability of AI, given the relatively low rate of consumer monetization. == 2017 == 30 NovemberThe New York Times said that new AI reports by McKinsey & Company, the National Bureau of Economic Research, and an AI Index created by university researchers, indicated an early AI boom. The Index built on a project—"The One Hundred Year Study on Artificial Intelligence" launched in 2014. == 2018 == 2018 was a year of incremental AI growth in finance. == 2022 == The release of ChatGPT by OpenAI became the catalyst for an artificial intelligence boom that continues to remake the global economy. According to a European Central Bank report, public interest in AI increased rapidly as evidenced with rising Google searches, AI jobs, models, patents, and innovations since late 2022. At that time Europe led the US in the size of its AI workforce. == 2023 == The regulatory body, the International Monetary Fund (IMF), published their report, "Generative Artificial Intelligence in Finance: Risk Considerations", drawing attention to oversight gaps and the need for regulations. The report explores the risks posed by using generative artificial intelligence (GenAI) systems in the financial sector including "broader risks to financial stability." == 2024 == January 12 In January 2024 Bloomberg's published its list of the "Magnificent Seven" Big Tech companies on the stock market based on their strength, size and market capitalization:Apple, Microsoft, Alphabet (Google), Amazon, Meta Platforms (Facebook), Nvidia, and Tesla. 21 June During the AI boom, Nvidia became the world's most valuable company, surpassing Microsoft, as its value increased to over US$4 trillion. In 2023 and 2024, the "Magnificent Seven" stocks were the primary drivers behind the increase in equity indexes, according to Reuters. == 2025 == === January === 23 January President Donald Trump's AI policy was announced calling for United States global leadership in artificial intelligence. The Economist noted that this politic shift in which the United States seeks "global dominance" in AI includes trimming regulations and assisting in expansion of infrastructure and increase in number of AI workers. Governments of Gulf nations were also investing trillions of dollars in AI. 27 January Against the backdrop of a tech war between China and the United States over AI dominance, within days of the launch of China's free DeepSeek App, it was the most downloaded app in the United States, rising to the first place in the Apple app store. President Trump responded immediately, saying this "sudden rise" should be a "wake-up" call to the United States, and called on US companies to be more competitive. === June === 26 June In their June 2025 report, Menlo Ventures estimated that only about 3% of consumers paid for artificial intelligence-related services, representing about $USD12 billion in annual spending. This is relatively low in contrast to the massive capital expenditure by AI infrastructure companies, which raises concerns about revenue sustainability and long-term profitability. === July === 23 July The Trump administration launched the US AI Action Plan, positioning the United States in a high-stakes technological race with China for global dominance in artificial intelligence, emphasizing that neither nation can afford to fall behind due to the exponential nature of AI advancement. The plan, a new government website and policy speech called for accelerated AI adoption across federal agencies, and a number of initiatives to make is easier for AI infrastructure expansion, and other measures to ensure American leadership in AI standards. Some leading experts warned that the administration failed to provide sufficient regulations and safeguards for AI safety. Concerns were raised about the negative impacts of cuts to research funding and tightened visa policies for scientists, potentially undermining public trust and America's ability to compete internationally. === September === 7 September The Economist cautioned that AI revenues are relatively modest compared to the high cost and investments in the creation of new data centers. Even Sam Altman, OpenAI CEO and one of the leading figures of the AI boom,, raised concerns about investors' outsized hopes for financial returns. At the same time, history has shown that new technologies, like railways and electricity, endured and spread after the initial hype faded. 12 September Economists warn that U.S. households' direct and indirect investments—mutual funds or retirement plans—in the stock market reached an unprecedented historically high level, now representing 45% of all financial assets, or about $USD51.2 trillion. Compared to the Dot-com bubble this represents a sharp increase in exposure. This makes U.S. households vulnerable to market downturns which in turn would result in decreasing consumer spending. U.S. household net worth rose to a record $176.3 trillion in the second quarter, an increase of $7.3 trillion since early 2025 and about $46 trillion higher than before the pandemic. Federal Reserve data attribute the surge primarily to gains in stock markets and housing values. However, the rise in wealth on paper coincided with increased household borrowing and growing government debt. 18 September Questions were being raised about how quickly the data centers, chips, servers, and GPUs assets of major AI companies will depreciate in value. Comparisons have been made to the Railway Mania in the aftermath of the stock market bubble where a valuable physical infrastructure remained standing, and the telecoms crash after the dot-com bubble which left fiber networks. 28 September There were warnings that record-high American stock ownership during the AI-fueled market boom is a red flag for systemic risk, as the current concentration in equities exceeds levels seen before the dot-com bubble burst in 2000, and could amplify the impact of any future stock market correction. === October === 3 October In 2025 alone, venture capitalists invested almost $USD200 billion in the artificial intelligence sector. 29 October Nvidia was the first company in the world to be valued at US$5 trillion, largely due to AI demand and strategic partnerships with leading technology and AI firms. Nvidia's increase in value was "meteoric". === November === 2 November Forbes reported that, since April, the 'Magnificent Seven' tech giants together contributed over 40% of the S&P 500's return, highlighting their outsized influence and the growing impact of AI on market valuations. CNN warned that while there is a current benefit to investors, with such a high concentration in the S&P 500, they are highly exposed to the fate of the Mag Seven. 2 November Globally there are 11,000 datacentres—huge campuses for AI infrastructure, including thousands of chips, GPUS, and servers. This represents a 500% increase over the last two decades. It is anticipated that $3USDtn more will be spent on increasing that number over the next two or three years. 5 November Concerns about the potential for a market bubble were raised as six of the AI-related Big Tech "Magnificent Seven"—that contribute to the AI boom—reported losing ground in the stock market. Global markets and artificial intelligence have become "deeply intertwined", according to a Reuters report. As of November 2025, more than 50% of the 20 largest S&P firms were deeply exposed to AI. In contrast, in 2000, the 20 S&P 500 firms represented 39% of its total value only 11 of these companies were exposed to the internet. If AI fails to deliver strong returns on their investments, these top S&P firms would be significantly impacted, according to the Economist. Analysts suggest that the AI market in 2025 may not behave like a traditional one, as investors are simultaneously aware of the risks and driven by the potential for outsized rewards. Leading AI labs may believe that the first company to achieve artificial general intelligence (AGI), when an AI system surpasses all human cognitive abilities and becomes capable of self-improvement—could dominate the future of technology and finance. While some have estimated that the potential value of such a breakthrough could be as high as $1.46 quadrillion, this figure is speculative and widely debated. 5 November Bloomberg described Nvidia's H100 Hopper-Blackwell AI chips as the "King of AI chips". Nvidia dominates the AI chip market with over 78% of the market share because of both speed and cost. According to B Data Science Africa (DSA) is a non-profit knowledge sharing professional group that aims at bringing together leading researchers and practitioners working on data science methods or applications relevant to Africa, and providing training on state of the art data science methods to students and others interested in developing practical skills. Since 2013, DSA has been organizing conference, workshops and summer schools on machine learning and data science across East Africa. Facilitators of Summer School and workshops are researchers and practitioners from the academia, private and public institutions across the world. == Summer schools and workshops == The first summer school which started as Gaussian Process Summer School was held at Makerere University in Kampala, Uganda from 6th to 9 August 2013. The First Data Science Summer School and Workshop was held at Dedan Kimathi University of Technology in Nyeri, Kenya from 15th to 19 June 2015. The Second Data Science Summer School was held at Makerere University, Kampala, Uganda from 27th to 29 July 2016, and the workshop was held at Pulse Lab, Kampala, Uganda from 30 July to 1 August 2016. The Third Data Science Summer School and Workshop was held at Nelson Mandela African Institute of Science and Technology, Tanzania from 19th to 21 July 2017. Among the sponsors of the event was ARMDrops (app)
Parchive
Information scientist
Umbrella review
Timeline of artificial intelligence risks in global finance
Data Science Africa