Lifeboat Foundation

Very concerning news for the US security; we’ll see how the US responds. Remember, our largest hackers in the US is China; so we’ll need to determine what this means as well as how vulnerable we are.

http://www.globaltimes.cn/content/969692.shtml

China’s stock markets have been stabilizing in recent days after the rollercoaster ride at the start of the year. And one bright point has been stocks related to quantum communications, showing renewed investor interest in the new technology, which will play an important role in creating a safety net for the increasingly information technology-savvy economy.

Continue reading “China’s newest tech can offer quantum of security” »

Meet the Nikkei Magic Man.

On the 10th day of every month, Junsuke Senoguchi has just one thing on his mind: the closing level of the Nikkei average.

That is because Senoguchi, an unassuming man in his late 40s, has built a machine that has been predicting the direction of Japanese shares, and once a month he gets a progress report on its success. The model makes a simple call — whether the equity index will be higher or lower after 30 days — and over almost four years it has been right 68 percent of the time.

Continue reading “Can you call the stock market? Equity analyst says he can” »

Why it is important to think like a criminal when developing AI as well as Cyber Defense. Recently, I shared some insights on how AI could be used by Criminals (not just hackers) and making it extremely hard for the existing legal system to catch criminals. Robots (just like drones recently have been used) could be used in many ways by cartels, robbers & burglars, killers, and even worse. This is why we have to have solid cyber defense plus stop gaps in place for the legal system to diffuse dangers that could be implemented.

ThreatMetrix’s new report has come up with several new insights from the last quarter including the evolution of bot tactics to avoid the traditional defences of lenders and banks.

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What will be interesting most about block chaining is when more countries drop their own traditional currency models & move to block chaining like one of the countries in Africa announced 2 weeks ago. I do know that many 2nd & 3rd world countries are finding electronic currency more appealing due to the Central Bank’s policies; however, what will be the impacts at the end of the day felt across the world as more and more 2nd & 3rd world markets switch their models. Immediately, we see risks with central banks; the question is where else (WBO, WTO, US, etc)

Many countries have experimented with price fixing and central planning over the last century. Right now, Venezuela’s government is fixing the prices of many products. This has resulted in widespread shortages of goods which we, as the lucky inhabitants of semi-free economies, take for granted.

Price fixing has failed in every area of the economy in which it has been tried. But while few serious economists would suggest that we have a team of bureaucrats set the price of rubber, wheat or coffee, we do have one sphere of the economy which is still centrally planned – our monetary system. This will fail just like all central planning fails. We are now moving into a dangerous new phase of price fixing by central banks. Having failed to stimulate economies with years of zero per cent interest rates, they are now discussing the prospect of negative interest rates (and some have even introduced them), the reductio ad absurdum of modern monetary economics.

Continue reading “How blockchain will save us from the perils of central bank price fixing” »

I agree; still a lot of work to be done in order for AI to have a huge impact around taking most of the jobs away. Besides, with new technology comes new careers.

India’s finance minister isn’t worried about jobs being lost in the country’s manufacturing sector despite warnings that industrial robots will dramatically reduce the need for factory workers in coming decades.

“I still have faith in human ingenuity, that even when jobs are lost in certain sectors … more jobs will be created because of that increased economic activity in other sectors,” Arun Jaitley told CNN’s Fareed Zakaria on Sunday at the CNN Asia Business Forum in Mumbai.

Continue reading “India’s finance minister isn’t afraid of robots” »

Things are rocky in the UK — ripple effects are already being felt.

Sir John Vickers says UK banks are still at risk, with Beijing prepared to spend billions propping up Shanghai market as fears grow of new crash.

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Well, Tech has Ray Kurzweil as the industry’s favorite futurist; and Economists have William White as their goto futurist.

As financial markets reeled last week and fears of a fresh recession or even banking crisis sparked panic, White was more than willing to issue yet another prophecy of doom.

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MindMaze technology explores the potential of brain machine interfacing with virtual reality, and it just got a huge financial boost.

Switzerland-based VR company, MindMaze received a major investment from Hinduja Group, who has valued the company at over $1 billion. This is a ten-fold increase since its previous valuation in 2012 where it was pegged at $10 million.

In a recent report published by the Economic Times, the investment is only “less than a third” of the company and makes MindMaze one of two “unicorns” in the AR and VR industry. MindMaze now joins Magic Leap in this category, which was values at over $4 billion.

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I have worked in both tech and in Wall Street firms. One thing about Wall Street (WS) is that WS knows legal & compliance, trading, and financials better than just about anyone. And, tech is an industry can do innovation better than just about anyone as well as build world class businesses from the ground up. So, it will be interesting to see how these 2 titan industries play out.

Banks race to beat the patent trolls—and Silicon Valley.

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