global economics

Building Jarvis, part 1

Sorry everyone for the lack of updates, I was able to find work for a few months as a Product Design Engineer unfortunately it looks like the company might not be financially stable enough to pay me regularly which as a silver lining gives me more time to work on my ANN projects.

For the next couple of weeks I will be describing a major project that my colleague @Brandon.Benvie and I have been working on and keeping under our wings in preparation of working on it full time, as it has the possibility to completely revolutionize how the internet the likes of which have never been seen before in history.

This ANN project, named Jarvis  will be a fully functional companion AI that will have its computational and storage requirements distributed inside of a digital currency similar to the Bitcoin Protocol using some significant tweaks to enable custom kernel code computations.

I’ve also added some light reading for anyone interested in freshening up before we get into the technical details of exactly how such a system will be constructed, I promise this will be a hell of a ride.

Bitcoin Protocol – https://bitcoin.org/bitcoin.pdf

Ethereum – https://www.ethereum.org/

Companion AI systems – http://www.qrg.northwestern.edu/papers/files/fs104kforbus.pdf

 

 

Gold Bullion

The obsolescence of Hedge Funds & the rise of digital agents

There was an idea I had last night relating to neural nets that I thought was really cool. While watching a documentary on global economics being “too complex” to manage for any person to understand or comprehend, which made me immediately think of  automated neural networks.

(for more information on the particular series of videos, check out the “Meltdown” series on Al-Jazeera http://www.aljazeera.com/programmes/meltdown/)

http://en.wikipedia.org/wiki/Sovereign_wealth_fund

I believe our solution to these global financial meltdowns, are sovereign wealth funds like those used in the Nordic economies, however they aren’t perfect yet.

Imagine just for a second, the Nordic economic nations (Denmark, Holland, Etc.) that have sovereign wealth funds and how they’re currently managed.
These funds have fund managers which are people, and as people they’re fallible and corruptible. In my opinion, people should not be entrusted with such an important infrastructure. The reason we as a global economy currently go into booms – bust trends (and are affected by the fallout), is due to individual fallibility. My current neural network framework could quite possibly enable nations to trade their commodities and stocks nationally and internationally at very close to near the real value of the commodity or stock which would make speculation bubbles essentially impossible.

This economic policy change would slowly grow, nation by nation.  Each nation that enabled such an infrastructure would able to communicate directly with other national smart agents, and this process would continue due to the obvious extreme interest in global economic stability.

At this point I hope you can now imagine a world where speculators, traders, and hedge fund owners would very rapidly become obsolete professions. Obviously when you upset the current power structure at their bank accounts, it’ll start a war, and I’m not quite sure how it would be avoidable.

I would love to hear your opinions on the matter, we’re rapidly approaching a time when this will not only be feasible (which it is today), but it will be nearly mandatory as the stability it would give our global economy would be a much needed benchmark.