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artificial intelligence

artificial intelligencedigital transformationneobankphilosophy
·Jul. 15, 2019

Deutsche Bank to fire 18,000 people while Amazon upskills 100,000

Today's corporations and governments are in the business of defining the balance of these aspects of our participation in society and the economy. Beliefs about the immutability of different attributes about what makes a person (or an employee) and how economies are built (cutting the pie, vs. growing the pie) determine the policy decisions you make, top down. As the core example this week, let's take Deutsche Bank. Facing pricing pressure and headwinds in several of its businesses, Deutsche is responding with a plan to fire 18,000 employees by 2022 and an announced investment of €13 Billion in technology and innovation by 2022. They even spun up a hipster-colored neobank as a proof point. Wall Street ain't buying it.

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Home
·Jul. 1, 2025

Outsmart Pricing Objections Before They Arise with AI

How sales and marketing teams can tap into AI to predict pricing pushback. A priority of Future Nexus, like many...
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Anonymous hacker in front of his computer. | iStock photo
Banking
·Nov. 6, 2023

Comprehensive Trustwave report shares threats to financial services

A new report from Trustwave SpiderLabs provides a rich description of the myriad of threats facing financial services companies. 2023 Financial Services Sector Threat Landscape covers prominent threat actors and tactics, breaks down the financial services attack flow into steps, and covers several common hacker entry points.
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artificial intelligencevisual art
·Jul. 15, 2021

Hallucinating Art and Finance with CLIP, VQGAN, and Big Sleep

Instead, we are going to tap again into a new development in Art and Neural Networks as a metaphor of where AI progress sits today, and what is feasible in the years to come. For our 2019 “initiation” on this topic with foundational concepts, see here. Today, let’s talk about OpenAI’s CLIP model, connecting natural language inputs with image search navigation, and the generative neural art models like VQ-GAN.

Compared to GPT-3, which is really good at generating language, CLIP is really good at associating language with images through adjacent categories, rather than by training on an entire image data set.

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artificial intelligencebig techChinacivilization and politicspaytechvisual art
·Aug. 27, 2019

Fighting Chinese Artificial Intelligence with lasers and American Crypto with European Central Banks

How do the Americans and the Chinese have such different ethical takes on privacy, self-sovereignty, media, and the role of government? We can trace the root cause to the DNA of the macro-organism in which individuals reside, itself built over centuries and millenia from the collective scar tissue of local human experience. But there is more to observe. The technology now being deployed in each jurisdiction -- like social credit, surveillance artificial intelligence, monitored payment rails, and central bank cryptocurrency -- will drive a software architecture into the core of our societies that reflects the current moment. And it will be nearly impossible to change! This is why *how* we democratize access to financial services matters. We must be careful about the form, because we will be stuck with it like Americans are stuck with the core banking systems from the 1970s. But the worry is not inefficiency, it is programmed social strata.

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artificial intelligenceCryptoenterprise blockchainFractals & reflexivitygame theoryMetaverse / xR
·Apr. 24, 2020

The Grand Theory of the Universe

I came upon this announcement by Stephen Wolfram recently: Finally We May Have a Path to the Fundamental Theory of Physics… and It’s Beautiful. Wolfram is a theoretical physicist turned mathematician, computer scientist, and entrepreneur responsible for the rigorous Mathematica software. After a career of building one of the most advanced computational packages ever created, he is returning to the question that endlessly captivates geniuses — what is the equation at the heart of our universe?

Is there one unifying stroke of the pen that can connect conventional physics, general relativity, and quantum mechanics into a single whole? Wolfram is not conventional, and I cannot do justice to his thinking both given its complexity and rigor. He claims to have found one such answer, which I will try to sketch. But what drew my atten

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artificial intelligence
·Aug. 3, 2023

Enhance Your Financial Institution Roadmap with Artificial Intelligence

A recent book by McKinsey executives details the way to do digital and AI transformation. They enable and augment an existing strategy
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ai
artificial intelligence
·Aug. 16, 2023

Why GenAI is More than Hype

Generative AI (GenAI) is the topic of the year, as more institutions turn to investment in the technology. This is just the beginning.
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Sponsored
·Jul. 20, 2023

AI-powered virtual assistant by Glia transforms banking by phone and online

Glia's voice banking solution extends its Al-powered virtual assistants to banking customer phone calls, replacing menu-based IVR technology.
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Sponsored Sponsored content is a type of promotional media paid for by an advertiser but created and shared by a publisher. Fintech Nexus contracts sponsored content articles to experienced journalists comfortable in the fintech space.
artificial intelligenceMetaverse / xR
·Aug. 7, 2020

How should Fintech react to Epic raising $2B on Fortnite’s 350MM users, NY Times photogrammetric environments, and Apple’s AR glasses

Within a decade, the form factor for computing will radically change from staring at screens with flat imagery, to participating in embedded virtual worlds with fully navigable, hyper-realistic environments. Those environments will be filled with software agents, some hybrid human and others entirely AI, that are entirely unrecognizable as anything but real to 90% of the population.

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