Stephen Hawking: AI will be ‘either best or worst thing’ for humanity

RT @VincentBrissot: Stephen Hawking: #AI will be 'either best or worst thing' for humanity

  • Success in creating AI could be the biggest event in the history of our civilisation.”
  • Stephen Hawking: AI will be ‘either best or worst thing’ for humanity
  • AI is hugely exciting,” she said, “but it has limitations, which present grave dangers given uncritical use.
  • The academic community is not alone in warning about the potential dangers of AI as well as the potential benefits.
  • Professor praises creation of Cambridge University institute to study future of artificial intelligence

Professor praises creation of Cambridge University institute to study future of artificial intelligence
Continue reading “Stephen Hawking: AI will be ‘either best or worst thing’ for humanity”

Big banks plan to coin new digital currency

  • The US Federal Reserve, the Bank of England and the Bank of Canada are among central banks examining the potential benefits of digital currencies.
  • Setl , a London-based group founded by hedge fund investors and trading executives last year, also aims to settle financial market payments with digital cash linked directly to central banks.
  • UBS, the Swiss bank, pioneered the “utility settlement coin” and has now joined forces with Deutsche Bank, Santander and BNY Mellon – as well as the broker ICAP – to pitch the idea to central banks, aiming for its first commercial launch by early 2018.
  • Four of the world’s biggest banks have teamed up to develop a new form of digital cash that they believe will become an industry standard to clear and settle financial trades over blockchain, the technology underpinning bitcoin.
  • Having initially been sceptical about it because of worries over fraud, banks are now exploring how they can exploit the technology to speed up back-office settlement systems and free billions in capital tied up supporting trades on global markets.

Four of the world’s biggest banks have teamed up to develop a new form of digital cash, the Financial Times reports.
Continue reading “Big banks plan to coin new digital currency”

Big banks plan to coin new digital currency

  • The US Federal Reserve, the Bank of England and the Bank of Canada are among central banks examining the potential benefits of digital currencies.
  • Setl , a London-based group founded by hedge fund investors and trading executives last year, also aims to settle financial market payments with digital cash linked directly to central banks.
  • UBS, the Swiss bank, pioneered the “utility settlement coin” and has now joined forces with Deutsche Bank, Santander and BNY Mellon – as well as the broker ICAP – to pitch the idea to central banks, aiming for its first commercial launch by early 2018.
  • Four of the world’s biggest banks have teamed up to develop a new form of digital cash that they believe will become an industry standard to clear and settle financial trades over blockchain, the technology underpinning bitcoin.
  • Having initially been sceptical about it because of worries over fraud, banks are now exploring how they can exploit the technology to speed up back-office settlement systems and free billions in capital tied up supporting trades on global markets.

Read the full article, click here.


@newmobilitylab: “Big banks plan to coin new digital currency – join our Special Interest Group on blockchain in New Mobility”


Four of the world’s biggest banks have teamed up to develop a new form of digital cash, the Financial Times reports.


Big banks plan to coin new digital currency