Google says AI and machine learning models have enabled "nearly instantaneous" weather forecasts. Visa acquires fintech startup Plaid for $5.3bn.
Tomorrow, Today: Weather forecasting is notoriously difficult, but Google says it has found a way to enable “nearly instantaneous” weather forecasts.
Google's weather forecasting project, which uses AI and machine learning, is still in its early stages and yet to be applied commercially. But Google’s researchers were reportedly able to generate accurate rainfall predictions up to six hours ahead of time from just “minutes” of calculation.
Speedy predictions, say the researchers, will be “an essential tool needed for effective adaptation to climate change, particularly for extreme weather.” In a world increasingly dominated by unpredictable weather patterns, they say, short-term forecasts will be crucial for “crisis management, and the reduction of losses to life and property.” The Verge
Startup Shopping: Visa has announced that it is buying Plaid, a financial services API startup, for $5.3bn. Plaid's private valuation was estimated at $2.65bn - roughly half the final selling price. More details here.
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