The USC-Capital One Center for Responsible AI and Decision Making in Finance (CREDIF) is the first center established under the auspices of the USC School of Advanced Computing (SAC), a division of the USC Viterbi School of Engineering.
USC and Capital One today announced the USC-Capital One Center for Responsible AI and Decision Making in Finance (CREDIF). Supported by a $3 million gift from Capital One, the collaborative research center will focus on advancing the foundations of algorithmic, data, and software innovation for artificial intelligence (AI) and its applications in finance. I'll guess.
Combining USC's world-class research with Capital One's expertise, the center is the first to be established under the auspices of the USC School of Advanced Computing (SAC), a division of the USC Viterbi School of Engineering. .
The cornerstone of USC President Carol Folt's “moonshot” computing frontier, SAC serves as a nexus for advanced computing research and education across the university. Gaurav Sukhatme, SAC director and associate dean of the USC Viterbi School of Engineering, said the center will be the first sign of that.
Professor Petros Ioannou will lead the new center.
“This new center is emblematic of the rapid change and far-reaching impact of computing today,” said Skatme, a professor of computer science and electrical and computer engineering. “Responsible, human-centered decision-making, the foundation of the USC School of Advanced Computing, is at its core.”
Home to some of the world's leading minds in advanced computing, the center explores how emerging technologies of AI and analytics can be applied to financial systems and services at scale, and advances interdisciplinary knowledge between finance and technology. Let me do it.
Prem Natarajan, Capital One's chief scientist and head of enterprise AI, who spearheaded the center initiative with Mr. He said it will help address complex challenges and opportunities.
“in capital One, we believe that multidisciplinary partnerships and initiatives like CREDIF can advance the cutting edge of AI while ensuring diverse perspectives and equity when developing, testing, and deploying AI capabilities. ” said Natarajan. “USC’s cutting-edge faculty, student, and research resources; capital One's mission-driven focus and world-class industry talent creates a unique opportunity to leverage AI to solve some of the toughest problems in financial services and deliver differentiated value to millions of customers. produce. ”
Among its goals, the center will support research projects focused on developing cutting-edge technologies and approaches to improve business and financial innovation. Each year, USC faculty are invited to submit proposals for faculty-initiated research activities. The annual fellowship for PhD students, named Capital One Fellows, provides students with the skills and knowledge necessary to excel in her field of AI in finance. In addition, USC and Capital One also host annual collaborative research symposiums and workshops to share insights with the broader community.
“USC’s cutting-edge faculty, student, and research resources; capital One's mission-driven focus and world-class industry talent create unique opportunities. ” Prem Natarajan.
“We are excited to partner with Capital One to advance responsible AI and financial decision-making,” said Yannis C. Yortzos, dean of the Viterbi School of Engineering. “Our talented USC Viterbi students and faculty leverage their outstanding technical and computational capabilities to deliver human- and society-centered financial decision-making. , enabling the development of surprising new solutions to real-world problems and fostering innovation, productivity, and the pursuit of human flourishing.”
Petros Ioannou A professor of electrical and computer engineering, aerospace and mechanical engineering, and industrial and systems engineering will serve as the center's first director.
Ioannou, director of the Center for Advanced Transportation Technologies, is the AV 'Bal' Balakrishnan Professor in the Department of Engineering and was recently named University Professor, USC's highest academic honor. In 2008, Ioannou USC's Financial Engineering Master's Degree Program One of Viterbi's most successful master's programs is a collaboration with Marshall School of Business.
“I am pleased to be part of this important research center where cutting-edge computing and AI technologies are applied to solving complex financial problems,” said Ioannou. “My priority is to motivate and attract researchers and PhD students to strengthen our financial engineering capabilities. The potential for using computational technology and AI to solve complex financial problems is huge. It’s big.”
Ioannou has been a member of the USC faculty community since 1982. Leading expert on neural networks, nonlinear systems, and intelligent transportation systems for control systems. He was recently inducted into the National Academy of Engineering and became a Fellow of the European Academy of Sciences. He is also a member of the European Academy of Sciences and a fellow of the National Academy of Inventors. He has published nine of his books, over 170 journal articles and book chapters, nearly 250 conference papers, and holds three patents.
“With a rich history of contributions to engineering applications in many fields, including networks and transportation, and with his experience in successfully establishing and leading a master's program in financial engineering, Professor Ioannou is the founding director of this interdisciplinary center. 'I am well-positioned to serve as a director,''' Ms. Sukhatme said.
Published April 11, 2024
Last updated: April 11, 2024
