First some good news. The Shree Lakshmi fund from our PMS features once more in the top 10 funds in India this year by monthly performance. This is the third time in the last twelve months that our funds have been in the top 10 monthly list.
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1.
In the Media
I shared my thoughts about the markets and various sectors this morning.
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Investing in Growth Through Uncertainty
When faced with disruptions and downturns, many leaders and companies instinctively focus on cutting costs to maintain profitability but some identify opportunities and then take thoughtful action to emerge from crisis even stronger. That means not only planning for worst-case scenarios and pressure-testing operational and financial health but also staying alert for ways to find a winning edge and making needed investments.
In early 2020 the pandemic plunged the airline industry into crisis, as passenger traffic on U.S. carriers plummeted 96% on a year-over-year basis. Like many of its peers, Alaska Airlines responded by quickly moving to stabilize its finances. It implemented a hiring freeze, cut senior managers’ salaries, renegotiated payment terms with vendors, suspended stock repurchases and dividend payments, and reduced capital spending.
The company also did something that set it apart. As competitors cancelled airplane orders, Alaska Airlines’ leaders spotted an opportunity to update and expand the company’s fleet at attractive prices while streamlining operations by shifting from a mix of Airbus and Boeing aircraft to only Boeing. Confident that its balance sheet was strong, the company announced in December 2020 that it had agreed to buy 68 Boeing planes, with an option to buy 52 more. It was the only major U.S. airline to place a large aircraft order that year. “We wanted to be aggressive to enable our recovery coming out of the huge challenges of the pandemic,” then-president and current CEO Ben Minicucci explains.
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Google DeepMind now uses AI to assist Liverpool in training for corner kicks
Three years ago, we began a multi-year collaboration with Liverpool FC to advance AI for sports analytics.
Our first paper, Game Plan, looked at why AI should be used in assisting football tactics, highlighting examples such as analyzing penalty kicks. In 2022, we developed Graph Imputer, which showed how AI can be used with a prototype of a predictive system for downstream tasks in football analytics. The system could predict the movements of players off-camera when no tracking data was available – otherwise, a club would need to send a scout to watch the game in person.
Now, we have developed TacticAI as a full AI system with combined predictive and generative models. Our system allows coaches to sample alternative player setups for each routine of interest, and then directly evaluate the possible outcomes of such alternatives.
TacticAI is built to address three core questions:
For a given corner kick tactical setup, what will happen? e.g., who is most likely to receive the ball, and will there be a shot attempt?
Once a setup has been played, can we understand what happened? e.g., have similar tactics worked well in the past?
How can we adjust the tactics to make a particular outcome happen? e.g., how should the defending players be repositioned to decrease the probability of shot attempts?
Pic of the Week
Thought of the Week
“It’s difficult to make predictions, especially with regards to the future.” ~ Old proverb
“Risk and time are opposite sides of the same coin, for if there were no tomorrow there would be no risk. Time transforms risk, and the nature of risk is shaped by the time horizon: the future is the playing field.” ~ Peter L. Bernstein
Video of the Week
Intelsense Insights
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