“At JPMorgan Chase & Co., a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours.”
If you follow Bitcoin at all, then you know that its value is spiking. It has already surpassed a massive spike on Thanksgiving night 2013, and it has just surpassed the cost of an ounce of gold. [continue below image]
Like any commodity, the exchange value of Bitcoin is driven by supply and demand. But, unlike most commodities, including the US Dollar, the Euro or even gold, the eventual supply is capped. It is a mathematical certainty. Yet, demand is affected by many factors: Adoption as a payment instrument, early signs that it is being considered as a reserve currency, fascination by Geeks and early adopters and its use as a preferred tool by some criminals.
But chief among reasons for acquiring Bitcoin is speculation. Whether it is buy-and-hold or day trading, speculators still outnumber those who use Bitcoin to settle debts or to buy and sell other products and services. (Earlier this week, I argued that speculation is responsible for 85% of demand and of transactions—but that’s another story).
Continue reading “Bitcoin ETF Buzz Offers Short Term Opportunity” »
Great news and a very promising vector for near future innovation!
A research team led by the University of Minnesota has discovered a way to rewarm large-scale animal heart valves and blood vessels preserved at very low (cryogenic) temperatures without damaging the tissue. The discovery could one day lead to saving millions of human lives by creating cryogenic tissue and organ banks of organs and tissues for transplantation.
The nation of Singapore is planning to implement a digital identity programme that is inspired by the one in Estonia.
The aim of the programme is to revamp its current national IDs, potentially allowing citizens simpler access to government services, financial transactions, and more.
According to the country’s prime minister Lee Hsien Loong, Singapore is not “going as fast as we ought to” in its drive to implement digital solutions and improving in areas such as electronic payment and transportation, news portal Today Online reported.
Continue reading “Singapore to implement a digital identity programme inspired by Estonia” »
Na JPMorgan Chase & Co., uma máquina de aprendizagem está analisando os acordos financeiros que antes mantinham equipes jurídicas ocupadas por milhares de horas.
O programa, chamado COIN, para o Contrato de Inteligência, faz a tarefa de interpretar acordos de empréstimo comercial que, até que o projeto foi lançado em junho, consumiu 360 mil horas de trabalho por ano por advogados e agentes de crédito. O software revê os documentos em segundos, é menos propenso a erros e nunca pede férias.
No que diz respeito à COIN, o programa ajudou a JPMorgan a reduzir os erros de manutenção de empréstimos, a maioria resultante de erro humano na interpretação de 12.000 novos contratos por ano, de acordo com os seus criadores.
Continue reading “JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours” »
From digital currency to machine learning, the financial industry is being rocked by exponential technologies. Blockchain, artificial intelligence, big data, robotics, quantum computing, crowdfunding, and computing systems are allowing startups to solve consumer needs in new ways.
The downfall of the world’s largest institutions may not be imminent, but these new technologies are breaking up the previously rock solid foundation of finance, and allowing the fintech world to spring through the cracks. What’s happening now will rewrite the future of finance for years to come. By recognizing this reality and planning for it now, financial professionals can learn to thrive in an increasingly uncertain global economy.
Continue reading “Financial Leaders: Make Your Mark on the Future at Exponential Finance” »
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►Reddit AMA: https://www.reddit.com/r/Futurology/comments/5hfmsl/cellage_…ells_with/
Our society has never aged more rapidly – one of the most visible symptoms of the changing demographics is the exponential increase in the incidence of age-related diseases, including cancer, cardiovascular diseases and osteoarthritis. Not only does aging have a negative effect on the quality of life among the elderly but it also causes a significant financial strain on both private and public sectors. As the proportion of older people is increasing so is health care spending. According to a WHO analysis, the annual number of new cancer cases is projected to rise to 17 million by 2020, and reach 27 million by 2030. Similar trends are clearly visible in other age-related diseases such as cardiovascular disease. Few effective treatments addressing these challenges are currently available and most of them focus on a single disease rather than adopting a more holistic approach to aging.
Continue reading “CellAge Campaign: iPhone Reward Raffle Draw” »
Over the past week, the White House appointed five new senior National Security Council staff officials. Two in particular signify the emerging and disruptive influence Billionaire tech investor Peter Thiel could have on U.S. national security and how he might bring his venture capital perspective — visionary but unconventional leaders, big bets on disrupting established industries — to national security.
Kevin Harrington, a Thiel acolyte, has been named Deputy Assistant to the President for strategic planning. Since early December, Harrington served on the Trump “landing team” at the Commerce Department, where his job was to help hire people for open positions and identify policy priorities. Before that, he worked at hedge funds started by Thiel. Michael Anton, a former executive at an investment management firm and speechwriter, was named Deputy Assistant to the President for Strategic Communications, virtually the same job that Obama advisor Ben Rhodes held. POLITICO reports that he received the position “thanks to an entree from Thiel.”
The Harrington appointment is unusual for a couple of reasons. First, the elevation of this position to “Deputy Assistant to the President,” the second highest rank within the White House, suggests that Harrington will have a larger role than his predecessors. Although the strategic planning office is one of the most important at the NSC, it is typically staffed by a lean team of forward thinkers and the head of the office is ranked accordingly.
