Because of that, they learn the entire distribution of the datasets they are trained on. One can say that they encode compressed knowledge of these datasets. This allows these models to be used for very interesting applications—the most common one being transfer learning. Transfer learning is fine-tuning pre-trained models on custom datasets/tasks, which requires far less data, and models converge very quickly compared to training from scratch.
Wells Fargo detailed plans Thursday to donate $400 million in processing fees it earned from the Paycheck Protection Program to an initiative it says will help small businesses recover from the impacts of COVID-19.
In April, NPR reported that banks took in over $10 billion in fees from the federal government for handling the Paycheck Protection Program, which is administered by the Small Business Administration and designed to provide relief for small businesses.
The bank announced its recovery effort, the “Open for Business” fund, in a news release Thursday morning.
The fund will work with nonprofits that provide capital, technical support and programs for resiliency, for example by helping a business pivot its supply chain, said Jenny Flores, head of Small Business Growth Philanthropy for the bank.
The first round of funding will give $28 million to community lenders known as Community Development Financial Institutions that help Black-owned small businesses,
(Bloomberg) — Canadian business sentiment has fallen to its lowest level since the 2008-2009 recession as sales slow and uncertainty about future growth remains elevated, according to a survey of executives released Monday by the Bank of Canada.
The Ottawa-based central bank polled businesses between May 12 and June 5 to gauge sentiment during the pandemic. The results show that even as provinces begin to reopen their economies, many businesses are still struggling with weak demand.
The plunge in sentiment is hardly a surprise, given the nation fell into its deepest recession last quarter since the Great Depression. While there are some positive notes with the central bank highlighting that many businesses expect a fairly quick rebound, the overall gist of the data paints a business sector that has suffered a major shock.
Results “suggest that business sentiment is strongly negative in all regions and sectors due to impacts from
SAO PAULO (AP) — Brazilian President Jair Bolsonaro on Tuesday denied that he attempted during a videotaped Cabinet meeting last month to shield his relatives and friends from federal police investigations.
Hours before Bolsonaro issued the denial, the two-hour video of the meeting was reviewed by prosecutors, police investigators, lawyers and government officials.
The existence of the video emerged after former Justice Minister Sérgio Moro last month accused Bolsonaro of seeking to interfere with Brazilian federal police investigations in Rio de Janeiro during that Cabinet meeting. Bolsonaro, his family members and friends have extensive business interests in Rio.
Moro, hailed by many Brazilians as an anti-corruption hero, has told investigators that Bolsonaro threatened to fire him during the Cabinet meeting if he failed to make changes in the top ranks of Brazil’s federal police and in its Rio division.
While Bolsonaro claimed the video did not prove the allegations, Moro’s