technology

10 Best Technology Solution Providers of 2021

The end of the year is approaching and it’s time for awards. After making it under the top 10 in the UBS Future of Finance Challenge 2021, our work also got featured as one of the 10 Best CEM Solution Providers of 2021. So, I am feeling (again) honored that IKANGAI has been shortlisted to […]

How much does an app cost?

The answer is of course: “it depends”. This is certainly way too vague from a business perspective. To give you a ballpark estimation what app can cost, here’s a list of famous startups that got seed money to implement their ideas with apps: Uber: $200.000 Instagram: $500.000 Tinder: $485.000 Postmates: $750.000 Snap: 485.000$ Note that […]

Artificial intelligence, algorithmic pricing, and collusion | VOX, CEPR Policy Portal

Researchers Emilio Calvano, Giacomo Calzolari, Vincenzo Denicolò, Sergio Pastorello of the University of Bologna in Italy conducted an experiment where they let loose two simple reinforcement-learning-based pricing algorithms in a controlled environment. They learned that the these two completely autonomous algorithms actually responded to their mutual behavior.  Together, they started quickly to pull up the […]