Hologram Technology and AI-Based Chatbots

Integrating hologram technology and AI-based chatbots is an exciting new frontier in digital communication. Hologram technology provides a new way to interact with information and data, while AI-based chatbots are changing how people communicate with businesses and organisations. Together, these technologies offer unique opportunities for organisations to engage with customers, employees and other stakeholders in more meaningful ways.

The market for hologram technology and AI-based chatbots is snowballing. According to a report from ResearchAndMarkets.com, the global holographic display market will reach US$13.5 billion by 2026, growing at a CAGR of 26.8% from 2020 to 2026. Meanwhile, the global AI-based chatbot market is expected to reach US$1.3 billion by 2024, growing at a CAGR of 24.3% from 2019 to 2024.

What Is Hologram Technology?

Hologram technology is a cutting-edge digital visual solution that allows users to project three-dimensional images into real-world environments. The technology uses light and projection systems to create an illusion of a solid object, which can be viewed from multiple angles and appears to have depth. Holograms can be used for various applications, including entertainment, advertising, and educational purposes.

One of the significant benefits of hologram technology is that it can help businesses to stand out and capture the attention of their customers. Using holograms to showcase their products, companies can offer a unique and engaging experience that can differentiate them from their competitors. For example, hologram technology can be used to create interactive product displays that allow customers to explore a product from all angles, providing a more immersive experience.

Another benefit of hologram technology is that it can be used to improve the efficiency of communication between employees and customers. With hologram technology, employees can remotely participate in meetings and presentations, allowing them to connect with colleagues and customers from anywhere in the world. Additionally, holograms can be used to conduct virtual product demonstrations, making it easier for businesses to showcase their products and services to customers.

Furthermore, hologram technology can also be used to improve training and development opportunities for employees. With holograms, employees can receive hands-on training and experience simulations in a controlled and safe environment. This type of training can be beneficial for industries such as construction, aviation, and healthcare, where hands-on training is required to ensure the safety and well-being of employees and customers.

What Are AI-Based Chatbots?

AI-based chatbots are computer programs designed to simulate human conversations with users. They use artificial intelligence and machine learning algorithms to understand and respond to user requests in natural language. Chatbots break down the user’s input into individual words and phrases and then analyse them to determine the user’s intent. Based on the intent, the chatbot selects a response from a predetermined list of options or generates a response using deep learning algorithms.

One of the key benefits of using AI-based chatbots is that they can simultaneously handle a large volume of customer interactions, 24/7, without human intervention. This means that customers can receive fast and efficient support outside business hours. Chatbots also offer a convenient and accessible way for customers to interact with a company, as they can be integrated into websites, messaging apps, and other digital platforms.

Some of the companies that are using AI-based chatbots effectively include:

Bank of America. Bank of America’s virtual assistant, Erica, uses natural language processing and machine learning to help customers manage their finances and answer questions about their accounts.

H&M. The fashion retailer has integrated chatbots into their customer service operations, allowing customers to use messaging apps to receive fast support with their orders and returns.

Sephora. Sephora’s chatbot, named ‘Sephora Assistant’, uses AI to provide customers with personalised beauty recommendations and product information.

Overall, AI-based chatbots offer businesses a cost-effective and efficient way to interact with customers. Their capabilities constantly improve as advancements in artificial intelligence and machine learning continue.

Hologram Technology and AI-based Chatbots: Working Together

Hologram technology and AI-based chatbots can work together to provide a more immersive customer experience. With hologram technology, a computer-generated 3D image of a person or object is projected into the real world, giving the illusion of a physical presence. By integrating AI-based chatbots into this technology, businesses can create virtual assistants that can interact with customers in real time and provide personalised support.

For example, a customer might approach a holographic display and ask questions such as ‘What are your hours of operation?’ The AI-based chatbot would recognise the customer’s voice, process the request, and respond appropriately through the holographic image. The chatbot can also use the customer’s previous interactions and preferences to personalise the interaction and provide a more tailored experience.

One company that is using this technology effectively is Lowe’s, the home improvement retailer. Lowe’s has developed a virtual assistant called ‘The Lowe’s Holoroom’, which uses holographic technology and AI-based chatbots to help customers plan and visualise their home improvement projects. 

Source

Google rolled out a project in 2021 that utilises holograms in chats. According to the futuristic idea, users can transform into life-size 3D holographic replicas of themselves in virtual chat booths, giving the impression that they are in the same room as you.

The Challenges

There are several challenges in combining hologram technology with AI-based chatbots, including:

Technical complexity. Hologram technology requires specialised hardware and high-performance computing resources, making it challenging to integrate with AI-based chatbots. Additionally, the development of holographic displays that can interact in real-time with AI-based chatbots is still in its early stages.

Cost. Implementing hologram technology can be expensive, which may limit its widespread adoption. This high cost can make it difficult for companies to integrate hologram technology with AI-based chatbots, as both technologies require significant investment.

Interoperability. Hologram technology and AI-based chatbots are separate technologies, each with its own standards and protocols. Integrating these technologies seamlessly and effectively can be challenging, as they may not be designed to work together.

User experience. Creating a seamless and intuitive user experience that effectively combines hologram technology and AI-based chatbots can be difficult. A key challenge is ensuring that the technology is easy to use and provides a consistent and engaging experience for customers.

Privacy and security. Integrating hologram technology and AI-based chatbots raises privacy and security concerns, as the technology can collect and store sensitive customer data. Ensuring the security and privacy of this data is a critical challenge that must be addressed.

Despite these challenges, the potential benefits of combining hologram technology with AI-based chatbots are significant. As technology advances, we will likely see continued innovation and progress in this field.

Closing Thoughts

It is difficult to say whether hologram technology is the future of AI-based chatbots, as these technologies are constantly evolving. While hologram technology has the potential to provide a more interactive customer experience, it also presents several challenges, such as the need for specialised hardware and high-performance computing resources. Additionally, the cost of implementing hologram technology is currently high, which may limit its widespread adoption.

That being said, AI-based chatbots and hologram technology are two of the most promising advancements today, and they have the potential to complement each other in many ways. As both technologies continue to advance, we will likely see more companies exploring the possibilities of integrating them to create new and innovative customer experiences.

While hologram technology may play a role in the future of AI-based chatbots, it is too soon to predict the exact trajectory of this field. The integration of these technologies will continue to evolve, and we will likely see various approaches to combining AI-based chatbots and hologram technology in the future.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment. Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business. Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

Robots and, Touch

Robots are thriving with artificial intelligence (AI) integration. According to recent studies, the global robotics market is expected to reach $200 billion by 2024, with a compound annual growth rate of 17%. 

With AI advancements, robots are becoming more autonomous and capable of performing various tasks, from manufacturing and healthcare to retail and hospitality. However, despite these advancements, most robots lack a sense of touch, hindering their ability to interact with objects and environments in a nuanced, human-like way. 

To truly revolutionise the way we live and work, there is a pressing need to develop robots with a sense of touch.

The Importance of Touch for Robots

A sense of touch is critical for the robotics industry to progress because it dramatically enhances a robot’s ability to interact with its environment and perform tasks more human-likely. Without a sense of touch, robots are limited to rigid and repetitive motions, unable to adjust their movements based on objects’ texture, shape, and weight. 

By incorporating a sense of touch, robots could be programmed to handle delicate items, such as fragile electronics or perishable goods, with greater precision and care. Additionally, a sense of touch would allow robots to adapt to changing environments, making them more versatile and flexible in their applications. 

Source

With this newfound ability, robots could revolutionise industries ranging from manufacturing and healthcare to retail and hospitality, providing a more efficient and cost-effective solution for various tasks. Therefore, a sense of touch is a crucial step in advancing the robotics industry and bringing it closer to becoming a fully integrated part of our daily lives.

Developing Touch Sensors for Robots

Engineers use AI to develop a sense of touch for robots by incorporating sensors that can detect pressure, temperature, and texture. These sensors, known as tactile sensors, are integrated into the robot’s skin or outer surface, allowing it to sense the physical properties of objects it interacts with. 

The sensor data is then processed by AI algorithms, which use machine learning techniques to recognise patterns and make predictions based on the data received. By analysing the sensor data in real-time, the AI algorithms can allow the robot to distinguish between objects and environments, such as hard and soft surfaces or hot and cold temperatures.

In addition, AI algorithms can continuously improve their performance over time as the robot gathers more data and experiences through its interactions with the world. In this way, engineers can use AI to create robots with a sense of touch that can make nuanced, human-like decisions, greatly expanding their abilities and applications.

The Benefits of a Sense of Touch

Developing a sense of touch brings numerous benefits to robots, including:

  • Enhanced precision and care in handling delicate and fragile items, such as fragile electronics or perishable goods.
  • Increased versatility and flexibility in adapting to changing environments and interacting with different surfaces and objects.
  • Improved safety in detecting and responding to obstacles, reducing the risk of collisions and other accidents.
  • Greater efficiency in performing tasks, as robots can make more informed decisions about how to interact with their surroundings.
  • Expansion of robots’ abilities and applications, making them more capable and valuable in industries ranging from manufacturing and healthcare to retail and hospitality.

Several industries could take advantage of robots with a sense of touch. 

Industry Use Cases

Integrating a sense of touch into robots offers numerous benefits across various industries, greatly enhancing their abilities and efficiency. From manufacturing to healthcare, retail to hospitality, a sense of touch dramatically expands the potential applications of robots, making them more capable and valuable in our daily lives.

Manufacturing

The manufacturing industry is one of the earliest adopters of robots and integrating a sense of touch is expected to bring significant improvements to the industry. With the ability to sense the physical properties of objects they interact with, robots with a sense of touch can handle delicate and fragile items, such as fragile electronics or perishable goods, with greater precision and care. 

This reduces the risk of damage and increases efficiency in the manufacturing process, leading to lower costs and higher-quality products. Companies such as Boston Dynamics, which specialises in robotics research and development, are already exploring the potential of robots with a sense of touch in the manufacturing industry.

Healthcare

In the healthcare industry, robots with a sense of touch have the potential to revolutionise the way medical procedures are performed. For example, robots with a sense of touch can assist with surgeries by providing a stable and precise platform for surgical instruments, allowing for improved accuracy and control. 

Additionally, robots with a sense of touch can also be used to assist with physical therapy, providing more accurate and effective treatments by sensing the physical properties of the patient’s body and responding in real time. Companies such as Intuitive Surgical, which develops robots for minimally invasive surgery, are already exploring the potential of robots with a sense of touch in the healthcare industry.

Retail

The retail industry is also poised to benefit from robots with a sense of touch. For example, robots with a sense of touch can handle and sort merchandise, providing a more efficient and cost-effective solution for various tasks. Additionally, robots with a sense of touch can be used in customer service, providing a more human-like experience by sensing and responding to customers’ needs and preferences. Amazon uses robots in its fulfilment centres, exploring the potential of robots with a sense of touch in the retail industry.

Hospitality

In the hospitality industry, robots with a sense of touch can significantly enhance the customer experience by providing a more personal and human-like interaction. For example, robots with a sense of touch can be used as concierges, providing information and assistance to guests, or as restaurant servers, taking orders and serving food. 

Additionally, robots with a sense of touch can also be used in hotels for cleaning and maintenance, providing a more efficient and cost-effective solution for these tasks. Hilton is exploring the use of robots in its hotels. 

Integrating a sense of touch into robots offers numerous benefits across various industries, greatly enhancing their abilities and efficiency. With the ability to sense the physical properties of objects they interact with, robots with a sense of touch can handle delicate and fragile items, provide more accurate and effective treatments, provide a more efficient and cost-effective solution for various tasks, and provide more personal and human-like interaction. 

Risks and Challenges

Developing a robot with a sense of touch presents several challenges and risks that must be addressed to ensure its success. One of the biggest challenges is the technical difficulty of creating a system that can accurately and reliably detect and respond to physical touch. This requires sophisticated algorithms and sensors that can process information from the environment and react in real-time.

Another challenge is ensuring the safety of people and objects in the environment. Robots with a sense of touch must be able to safely interact with their environment and avoid causing harm to people or damaging objects. This requires careful consideration of the design of the robot and its controls, as well as its algorithms and sensors, to ensure that it operates responsibly. 

One example of a robot with a sense of touch gone wrong is the case of a robot at a Volkswagen factory in Germany in 2015. The robot, which was designed to handle car parts, accidentally grabbed and crushed a worker. The worker suffered severe injuries and had to be taken to the hospital, and later died. 

The incident was later determined to result from a programming error in the robot’s control system, which caused it to behave in a way that was not intended. The incident highlighted the importance of careful design and testing of robots with a sense of touch to ensure their safety and reliability.

And Addressing the Challenges

In addition to these technical challenges, several risks are associated with developing a robot with a sense of touch. One of the most significant risks is that the robot may malfunction or fail, leading to accidents or injuries. This risk can be mitigated through careful testing and development, as well as ongoing monitoring and maintenance of the robot.

Another risk is that the robot may be used in ways that are not intended or that cause harm. For example, a robot with a sense of touch could be used in manufacturing to handle dangerous or hazardous materials, leading to accidents or harm to workers. This risk can be mitigated through careful consideration of the design of the robot and its controls, as well as through education and training for those who will use the robot.

Finally, there is also a risk that the development and use of robots with a sense of touch may lead to job loss and other social and economic consequences. This risk can be mitigated through careful consideration of the impact of the technology on society, as well as through efforts to provide education and training for those who may be affected.

Closing Thoughts

The quest to give robots a sense of touch is an ongoing process, but the advancements that have been made so far are impressive. Robots with touch sensors are already being used in various industries, from manufacturing to healthcare, and are having a significant impact. As technology continues to advance, robots with a sense of touch will likely become even more widespread, offering new possibilities for the field of robotics.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment.  Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business.  Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

Precision Medicine and AI With Blockchain

Precision medicine has emerged as a promising approach to providing personalised treatments for patients based on their genetic makeup, lifestyle, and environment. However, this approach requires vast amounts of data to be collected, analysed, and securely shared among healthcare providers and researchers. 

Artificial intelligence (AI) and blockchain technology offer potential solutions to these challenges by enabling data-driven and secure decision-making. According to a recent report by Market.us, the global precision medicine market is projected to reach $254 billion by 2032, growing at a compound annual growth rate (CAGR) of 21.1% from 2023 to 2032. 

This article will explore how AI and blockchain are transforming precision medicine and improving patient outcomes.

What Is Precision Medicine?

Precision medicine, or personalised medicine, is a healthcare approach that tailors medical treatments to individual patients based on their genetic information, environmental factors, lifestyle, and other personal characteristics. Unlike the traditional ‘one-size-fits-all’ approach, precision medicine aims to provide targeted and effective treatments that can improve patient outcomes and reduce healthcare costs.

To achieve this, precision medicine requires vast amounts of data to be collected, analysed, and shared securely among healthcare providers and researchers. This is where AI and blockchain technology comes in. AI can analyse large datasets and identify patterns and correlations that human analysts may miss. At the same time, blockchain technology can provide a secure and transparent platform for sharing and accessing data.

AI can also help drug discovery by analysing large genomic, proteomic, and metabolomic data datasets to identify new drug targets and develop personalised treatments. For example, AI algorithms can analyse patients’ genomic data and predict their likelihood of responding to a particular drug or developing adverse effects.

What Is Blockchain?

Blockchain is a distributed ledger technology that enables secure, transparent, and tamper-proof record-keeping of transactions and data. It uses cryptographic techniques to create an unalterable chain of blocks that contains a record of all transactions and data entered into the system. The chain is maintained by a network of nodes, each of which has a copy of the ledger, and any changes to the ledger must be validated and approved by the network.

Blockchain technology supports precision medicine in several ways.

Firstly, blockchain provides a secure and tamper-proof platform for storing and sharing patient data. In a traditional healthcare system, patient data is stored in a centralised database vulnerable to data breaches and hacking attacks. In contrast, blockchain technology uses a decentralised system, making it difficult for hackers to breach the system and steal sensitive patient information.

Furthermore, blockchain technology ensures the privacy and confidentiality of patient data by using cryptographic techniques to encrypt patient data. Patient data is stored in blocks linked together using cryptographic hashes, creating an unalterable and transparent ledger of patient data. Authorised parties can only access this ledger with the necessary permissions, and any changes made to the ledger are recorded and visible to all authorised parties.

Blockchain technology can also support clinical trials and drug discovery by providing a secure and transparent platform for sharing data among researchers and healthcare providers. Clinical trials often involve collecting large amounts of sensitive patient data, which researchers must share securely to ensure patient privacy and confidentiality. Blockchain technology can provide a secure and transparent platform for sharing data among researchers while ensuring the privacy and confidentiality of patient data.

Another advantage of using blockchain technology in precision medicine is the ability to create smart contracts. Smart contracts are self-executing contracts that use blockchain technology to automate the negotiation and execution of contractual terms. In precision medicine, smart contracts can be used to create agreements between patients, healthcare providers, and researchers that specify how patient data will be collected, analysed, and shared. The blockchain can automatically enforce these agreements, ensuring that all parties adhere to the agreed-upon terms.

Why Does Precision Medicine Need AI and Blockchain?

AI and blockchain technology each play a crucial role in enabling processes that enhance the effectiveness of precision medicine.

AI enables the analysis of large and complex datasets in a timely and efficient manner, identifying intricate patterns and correlations. With AI, healthcare providers and researchers can develop more accurate and personalised treatments based on a patient’s unique characteristics. However, without secure and transparent platforms for sharing data, the effectiveness of AI in precision medicine would be limited.

Understanding the Precision Medicine Sector

Several companies are leading the field in precision medicine, each with its own unique approach to this innovative field. 

One example is 23andMe, a personal genomics and biotechnology company offering consumers genetic testing and analysis services. 23andMe provides insights into an individual’s ancestry, genetic health risks, and carrier status for certain inherited conditions. The company aims to empower individuals with knowledge about their genetic makeup and help them make informed decisions about their health.

Another example of a company leading the field in precision medicine is Foundation Medicine, a molecular information company specialising in the genomic profiling of cancer patients. The company’s genomic tests help oncologists match patients with targeted therapies and clinical trials based on the genetic characteristics of their tumours. The goal is to provide more personalised and effective cancer treatments.

IBM Watson Health is a health information technology company that uses machine learning and artificial intelligence to help healthcare providers make better clinical decisions. The company’s offerings include genomics, imaging, clinical trial matching tools, and population health and patient engagement solutions.

GRAIL is a biotechnology company that is developing a blood test for the early detection of cancer. The test analyses fragments of DNA that are shed by tumours into the bloodstream, to detect cancer at an earlier stage when it is more treatable. The test is currently being evaluated in large-scale clinical trials.

Finally, Veracyte is a genomic diagnostics company that focuses on providing molecular diagnostic tests for thyroid and lung cancer. The company’s tests help healthcare providers make more informed treatment decisions, reducing unnecessary surgeries and treatments. These companies are just a few examples of the many innovative organisations leading the way in precision medicine, using cutting-edge technologies and approaches to improve patient outcomes and transform healthcare.

Considerations With Precision Medicine

When it comes to precision medicine, some technical, regulatory, clinical and ethical considerations need to be taken into account.

Technical

  • Advanced data analysis techniques like machine learning and natural language processing are needed to extract valuable insights from large and complex datasets.
  • There is an additional need for secure and interoperable data-sharing platforms to enable collaboration among healthcare providers and researchers.

Ethical

  • It’s vital to ensure the privacy and confidentiality of patient data and obtaining informed consent from patients for using their data.
  • The potential for data analysis and interpretation bias could result in inaccurate or discriminatory treatment decisions.
  • Providers must ensure equitable access to precision medicine technologies, while addressing disparities in healthcare access and outcomes. 
  • Hurdles exist within the ownership of patient data, as well as the potential for private companies’ commercialization of patient data.

Regulatory

  • Paramount remains the need for compliance with relevant laws and regulations, such as those related to data protection, patient rights, and clinical trials.
  • The industry requires regulatory oversight and approval of precision medicine technologies and treatments.

Clinical

  • There are concerns surrounding the validation and verification of precision medicine treatments, as their safety must first be verified. 
  • However, we must integrate precision medicine into clinical workflows and decision-making processes, while providing specialised training. 

Social

  • Precision medicine impacts society as a whole, including its potential to exacerbate existing health disparities or lead to the creation of new ones.
  • The potential for precision medicine to contribute to the democratisation of healthcare and the empowerment of patients, as well as its role in shaping public policy and healthcare delivery models.

Despite the many considerations that need to be taken into account, precision medicine is still considered a revolutionary field in healthcare. The ability to tailor medical treatments and interventions to individual patients based on their unique genetic, environmental, and lifestyle factors can transform healthcare in previously unimaginable ways.

Closing Thoughts

Precision medicine promises more personalised and effective treatments, earlier disease detection, and improved patient outcomes. While technical, ethical, regulatory, clinical, and social considerations must be addressed, precision medicine’s potential benefits cannot be ignored. 

As researchers and healthcare providers continue to work on developing and implementing precision medicine technologies and treatments, it is essential to carefully consider the implications of these innovations and ensure that they are used responsibly.

As healthcare becomes more personalised and patient-centred, the ability to tailor medical treatments and interventions to individual patients will become increasingly important. Moreover, precision medicine can reduce healthcare costs by avoiding unnecessary treatments and improving the efficiency of clinical trials and drug development. 

As our understanding of the genetic, environmental, and lifestyle factors that contribute to disease continues to improve, precision medicine will become an increasingly important tool in the fight against complex and chronic diseases.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment. Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business. Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

How ChatGPT Shapes the Future

In recent years, the AI industry has grown significantly, with forecasts that the worldwide market will reach $190.61 billion by 2025, expanding at a CAGR of 36.2% between 2020 and 2025. The Covid-19 pandemic has only hastened this rise, as businesses have been forced to adjust swiftly to remote working and growing digitisation. 

The pandemic has brought to light the significance of technology in industries such as healthcare and e-commerce.

Introducing ChatGPT

ChatGPT is an AI model created by OpenAI that can potentially influence the AI market’s evolution in various ways. ChatGPT may be linked to a wide range of applications and services that need natural language processing (NLP), such as customer service, chatbots, and virtual assistants. This may raise the need for NLP-based AI solutions, which would help the AI industry flourish.

ChatGPT may also be used to train other AI models, which can accelerate the development and implementation of AI-powered apps and services. This can improve the efficiency of the AI development process, contributing to the growth of the AI market.

Furthermore, ChatGPT’s capacity to create human-like writing, which can be utilised for various content creation and optimisation activities, has the potential to propel the AI market forward. ChatGPT, for example, may produce product descriptions, marketing text, and even news pieces, reducing the time and effort necessary for content generation while enhancing output quality. 

Below is a simple example of how it can write a product description for Coca-Cola within seconds. 

The Benefits of ChatGPT

One of the primary benefits of ChatGPT is its ability to help users improve their writing and language skills. ChatGPT can help individuals become more effective communicators by providing real-time feedback and suggestions, whether they are writing emails, composing reports, or creating content for social media. 

For example, sales and marketing professionals can use ChatGPT to improve their email writing, helping them to better engage with prospects and customers. Additionally, educators can use technology to help students improve their writing and critical thinking skills without needing human grading and feedback.

Another critical benefit of ChatGPT is its ability to support knowledge management and collaboration. By using the technology to automate repetitive tasks, such as summarising reports or answering frequently asked questions, organisations can free up time and resources for more strategic initiatives. 

This can help companies become more efficient, increase productivity, and enhance customer service. For example, customer service teams can use ChatGPT to respond quickly to customer inquiries and resolve issues, reducing wait times and improving the customer experience.

The example below shows how a customer might be able to resolve a query about their home insurance without speaking to a human.

How ChatGPT Augments Roles

ChatGPT can significantly augment the functions of different departments in an organisation, including Data, IT, Marketing, Development, Finance, and Compliance.

Data 

For Data teams, it can assist in processing large amounts of data to provide insights and support decision-making. It can benefit data teams in their coding endeavours, particularly when it comes to writing code in SQL or Python. 

ChatGPT’s ability to provide suggestions for completing code snippets, identify syntax errors and suggest corrections, and generate complete code snippets based on specific requirements, can save data teams valuable time and effort. Furthermore, it can serve as a repository of coding knowledge that can be easily shared among team members. 

For example, if a data team member is working on a SQL query and encounters a roadblock, they can ask ChatGPT for advice on how to proceed. It can then provide suggestions for optimising the query or offer alternative solutions based on its vast knowledge of SQL coding best practices. By utilising its coding capabilities, data teams can improve their coding efficiency and accuracy, freeing them up to focus on more complex tasks.

IT

IT teams can use ChatGPT to automate various IT operations tasks and build a knowledge management system. It may also be incorporated with IT systems to give users rapid and accurate replies to technical assistance enquiries, decreasing the IT team’s burden.

Furthermore, ChatGPT can create a knowledge management system to store and retrieve information about IT systems and procedures, increasing the team’s productivity. IT teams may also use its natural language processing skills to examine massive quantities of log data and give insights into system performance and potential faults.

Marketing

Marketing teams can use ChatGPT to generate high-quality content and build conversational AI chatbots for customer service and sales. You can watch a video below on how ChatGPT built an entire marketing campaign in minutes. 

https://www.youtube.com/watch?v=gI1UL1cHHjk
Source

Marketing teams still need to ask the right questions, but ChatGPT saves time and efficiency. 

Finance

For Finance teams, it can be integrated into financial systems to assist with data analysis and decision-making. It may assist finance teams in making more informed decisions and improving financial planning and forecasting. 

ChatGPT may also help finance teams automate operations, including calculating financial ratios, creating reports, and tracking spending. Furthermore, ChatGPT’s natural language processing skills may be utilised to analyse financial data and discover trends, allowing finance teams to recognise opportunities and possible hazards quickly.

Compliance

Compliance teams can use ChatGPT to ensure compliance with regulations and standards by automating various compliance tasks. 

It may also aid in the categorisation and classification of enormous volumes of data, as well as the investigation of complicated legislation and laws. Furthermore, it may give real-time responses to staff inquiries, decreasing the time spent on manual research and enhancing the compliance team’s productivity. The capacity of the language model to interpret and create human-like writing makes it a powerful tool for firms wanting to strengthen their compliance procedures.

By augmenting the roles of different departments, ChatGPT can help organisations increase productivity and improve the quality of their work. Some entrepreneurs are using the technology to brainstorm business ideas. It’s like having a friend to bounce your thoughts between. 

Risks of ChatGPT

Despite these benefits, there are also some risks associated with ChatGPT that must be considered. 

One of the primary risks is the potential for the technology to promote cheating and plagiarism. For example, students may use technology to generate homework assignments, or employees may use it to create reports and presentations without doing the necessary research and analysis. 

To mitigate this risk, it is essential for organisations to communicate the acceptable use of the technology clearly and to have clear policies and procedures in place to monitor and enforce compliance.

Another risk is the potential for the technology to perpetuate bias and harmful stereotypes. As the model has been trained on a large corpus of text, it may generate offensive or inappropriate language or reinforce negative stereotypes. It is vital for organisations to use the technology responsibly and ethically and to regularly review and update the training data to ensure that it is inclusive and free from bias.

AI for People

Despite these risks, companies are already using ChatGPT in innovative and impactful ways. For example, OpenAI partnered with the non-profit organisation ‘AI for People’ to develop a tool that uses ChatGPT to support mental health and well-being. 

The tool uses natural language processing and machine learning to provide users with personalised feedback and support, helping them manage stress, anxiety, and depression. OpenAI has also worked with news organisations and journalists to develop an AI-powered writing assistant that can help writers quickly generate high-quality, accurate news articles.

Copy.ai

Another example of a company positively using ChatGPT is Accenture, a leading global professional services firm. Accenture has developed a tool called ‘Copy.ai’ that uses ChatGPT to help businesses quickly generate high-quality marketing and advertising content. 

By using the technology to automate routine tasks, such as writing product descriptions and creating social media posts, Accenture is helping its clients become more efficient and effective in their marketing efforts.

Closing Thoughts

ChatGPT is a powerful tool that has the potential to help individuals and organisations across different roles to adapt and develop new skills. While some risks are associated with the technology, companies are already using it innovatively to drive positive outcomes. The key is to use it responsibly. 

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment.  Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business.  Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

How Smart Cities Use Blockchain 

Smart cities, which use technology to improve citizens’ quality of life and optimise urban services, have rapidly grown in popularity. According to a recent report, the global smart city market is projected to reach $158 billion by 2022. 

By utilising blockchain technology, smart cities can enhance their security, transparency, and efficiency in supply chain management, voting systems, and energy consumption. Implementing blockchain in smart cities benefits the citizens and creates sustainable and resilient urban environments.

This article explains what smart cities and blockchain technology are, and how they work together. 

What Are Smart Cities?

A smart city is an urban area that leverages technology and data to improve its citizens’ quality of life, optimise resource use, and create more sustainable and efficient communities. By integrating connected devices and systems, smart cities analyse data to provide more efficient and effective services, from transportation to energy management to public safety.

One prime example of a smart city is Singapore, which has implemented numerous initiatives to enhance the living experience of its citizens. For example, the city-state has a sophisticated transportation system that uses data and technology to manage traffic flow and reduce congestion, making it easier and faster for residents to get around. 

Singapore has also implemented smart waste management systems that use sensors to optimise collection schedules, reduce the amount of waste sent to landfills, and increase recycling rates.

Another example of a smart city is Amsterdam, which strongly focuses on sustainability and green energy. The city has implemented several initiatives to reduce its carbon footprint and increase the use of renewable energy sources. 

For example, Amsterdam has a smart grid system that integrates renewable energy sources, such as wind and solar power, into the city’s energy mix. This helps reduce the city’s dependence on fossil fuels and increase clean, sustainable energy use. 

Additionally, Amsterdam has implemented smart lighting systems that use sensors to automatically adjust the brightness of streetlights based on the presence of people, vehicles, and bikes, saving energy and reducing light pollution.

These are just a few examples of innovative initiatives implemented in smart cities worldwide. By leveraging technology and data, smart cities are creating more livable, sustainable, and efficient urban environments for their citizens.

What Is Blockchain?

Blockchain technology is a decentralised, distributed digital ledger that securely records transactions and information. It uses cryptography to link blocks of information together in a chain, creating a permanent and unalterable record of all transactions.

At the heart of blockchain technology sits a network of computers, called nodes, that work together to validate and process transactions. Each node has a copy of the entire blockchain, and the network’s consensus must validate any changes to the blockchain. This decentralised and distributed structure makes the blockchain resistant to tampering, hacking, and fraud.

The benefits of blockchain technology are numerous. One of the most significant benefits is increased security and transparency, as the decentralized and distributed nature of the blockchain makes it nearly impossible to alter or tamper with the information once it has been recorded. Additionally, blockchain technology can reduce the need for intermediaries, such as banks, to process transactions, lowering costs and increasing efficiency. It also enables secure and transparent tracking of assets, such as supply chains, voting systems, and intellectual property. It provides a safe and transparent platform for creating and managing digital assets like cryptocurrencies.

One example of how blockchain could work in smart cities is in the voting process. Voting systems can be susceptible to tampering, fraud, and errors. By implementing a blockchain-based voting system, each vote would be recorded as a secure transaction on the blockchain, providing a transparent and tamper-proof record of the election results. This would increase trust in the voting process and ensure that the results are accurate and fair.

Blockchain is a secure and trustworthy way of recording transactions and information in a decentralized manner, making it a valuable tool for various applications, including smart cities.

Why Smart Cities Need Blockchain Technology

Smart cities require secure, transparent, and decentralised technology to succeed. This is where blockchain technology comes in. It provides a secure, transparent platform for managing data and transactions in a decentralised manner.

One of the biggest challenges in smart cities is ensuring the integrity and security of the data that is collected and processed. Blockchain technology provides a secure and tamper-proof way of recording information, making it a valuable tool for ensuring the integrity of data in smart cities. 

Additionally, the decentralised nature of blockchain makes it resistant to hacking, tampering, and other forms of fraud, providing a secure platform for collecting and processing sensitive data.

Another reason why smart cities need blockchain technology is to improve efficiency and reduce costs. By implementing blockchain-based systems, smart cities can reduce the need for intermediaries, such as banks, to process transactions. This can increase efficiency and reduce costs, freeing up resources that can be used to enhance other services and improve the quality of life for citizens.

Finally, blockchain technology enables secure and transparent tracking of assets, such as supply chains, voting systems, and intellectual property. In smart cities, this can be used to improve transparency and accountability and enhance the management of resources, such as energy and waste.

How Smart Cities Are Created With Blockchain

Building a smart city with blockchain technology requires careful planning, research, and collaboration. Here are some steps to get started:

  1. Research and plan: Research existing smart cities and understand the challenges and opportunities they face. Identify areas where blockchain technology can be used to improve the quality of life for citizens, such as in managing waste, energy, transportation, and voting systems. Develop a plan for how blockchain technology can be used to solve specific problems and improve specific services in your city.
  2. Build partnerships: Building a smart city with blockchain technology requires collaboration and partnerships. Partner with blockchain developers, government agencies, academic institutions, and the private sector to share knowledge, resources, and expertise.
  3. Choose the right technology: There are many different blockchain technologies available, each with its strengths and weaknesses. Choose the best technology suited to your specific needs and goals, and consider security, scalability, and interoperability factors.
  4. Develop a pilot project: Start small by developing a pilot project to test your ideas and demonstrate the potential of blockchain technology. Choose a problem or service that can be improved with blockchain technology and create a proof-of-concept project to demonstrate the potential of the technology.
  5. Engage with the community: Building a smart city with blockchain technology requires community engagement and participation. Engage with citizens and stakeholders to understand their needs and concerns and involve them in the planning and implementation of blockchain-based solutions.
  6. Monitor and evaluate: Continuously monitor and evaluate your pilot project to understand its impact and identify areas for improvement. Share your results with the community and stakeholders to demonstrate blockchain technology’s benefits and encourage its wider adoption.

Building a smart city with blockchain technology requires careful planning, research, and collaboration. Following these steps, you can journey towards a more secure, efficient, and sustainable future.

How Did Singapore Become a Smart City?

Singapore has become a smart city through government leadership, innovative technology, and community engagement. The government of Singapore has taken a proactive approach to transform the city into a smart city. It has provided funding, resources, and support for developing and deploying smart city solutions. The government has also established policies and regulations that encourage innovation and collaboration between the public and private sectors, creating a supportive environment for developing smart city initiatives.

Singapore has also made significant investments in technology, including deploying smart city infrastructure, such as smart grids, sensors, and digital networks. This has enabled the city to collect and process large amounts of data, providing valuable insights into energy consumption, traffic flow, and waste management.

In addition to government leadership and investment in technology, community engagement has been crucial to the success of Singapore’s smart city initiatives. The government has worked closely with citizens and stakeholders to understand their needs and concerns and involved them in planning and implementing smart city solutions. This has helped to create a sense of ownership and involvement among citizens and encouraged their participation in developing a more sustainable, efficient, and livable city.

Risks Associated With Smart Cities

Smart cities can face many risks if they do not integrate blockchain technology. One significant risk is the security of sensitive information. In the absence of blockchain, smart cities may use centralised databases and systems to store and manage data, which can be vulnerable to cyber attacks, data breaches, and other forms of digital crime. This can compromise personal data, financial information, and critical infrastructure, causing harm to citizens and the city as a whole.

Another risk is the lack of transparency and accountability in data management. Without blockchain, there is a risk that data may be manipulated or misused without being detected, leading to potential privacy violations and ethical concerns. This can erode trust in government and civic institutions and undermine the legitimacy of smart city initiatives.

In addition, smart cities without blockchain may struggle to manage the increasing amounts of data generated by connected devices and sensors. This can lead to data silos and a lack of interoperability between different systems, hindering the ability of smart cities to make data-driven decisions and achieve their goals.

Finally, without blockchain, smart cities may not be able to ensure their data’s long-term security and preservation. This can result in the loss of valuable historical data and the inability to build on past achievements, which can hinder the progress of smart city initiatives.

Closing Thoughts

It is unlikely that every city will become a full-fledged smart city. The adoption of smart city technologies will likely vary depending on a range of factors, including the level of development of the city, the availability of resources and funding, and the priorities and needs of the citizens.

For those cities that do embrace smart city technologies, the future looks promising. With the integration of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and blockchain, smart cities will be able to streamline their operations, provide more efficient and personalised services, and enhance the quality of life for their citizens.

The future of smart cities is bright and holds immense potential. As technology advances and the world becomes increasingly connected, more cities will likely adopt smart city technologies to improve the lives of their citizens and create more sustainable urban environments.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment. Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business. Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

How Generative Chat AI Operate

Generative chat AI is an exciting technology that has been making waves in recent years. It refers to computer programs designed to interact with humans using natural language processing and can generate responses that seem to be coming from a real person. 

These AI systems are capable of analysing and understanding the context of a conversation and can create responses that are not only relevant but also coherent.

According to PitchBook data, generative AI investment rose by 425% between 2020 and December 2022, totalling $2.1 billion last year. This is an especially astounding performance, given a general decline in tech investment in 2022.

This article will dive into technical details that make generative chat AI possible. We’ll explore natural language processing, deep learning, and neural networks and how they are used to train these AI systems. We’ll also touch on some challenges developers face when creating generative chat AI and how they work to overcome them.

What Is Generative Chat AI?

Generative chat AI refers to computer programs that use natural language processing (NLP) to generate human-like responses to a user’s input. These AI systems are designed to interact with humans in a way that feels natural, as if you were chatting with another person. Unlike rule-based chatbots that rely on pre-written responses, generative chat AI is capable of generating new responses on the fly based on the context of the conversation.

At the heart of generative chat AI is a technology called deep learning, a type of machine learning that involves training neural networks on large amounts of data. By feeding these neural networks with vast amounts of text data, such as chat logs or social media posts, they can learn to generate human-like responses.

The training process involves teaching the neural network to recognise patterns in the data, such as common sentence structures, idioms, and other linguistic features. Once the network has learned these patterns, it can generate new responses that fit within the context of the conversation. The more data the neural network is trained on, the better it becomes at generating natural-sounding responses.

How Does Generative Chat AI Work?

Generative chat AI works by using a combination of natural language processing (NLP) and deep learning, specifically through the use of neural networks. Neural networks are a machine learning algorithm that can recognize patterns in data and learn to make predictions based on that data.

In the case of generative chat AI, the neural network is trained on large amounts of text data, such as chat logs or social media posts. This training process is called deep learning because the neural network has multiple layers of interconnected nodes that allow it to recognize increasingly complex patterns in the data.

During training, the neural network learns to identify linguistic patterns and relationships between words and phrases. For example, it might know that certain words tend to be used together in specific contexts or that certain terms are more likely to occur in response to particular prompts. This training process enables the neural network to generate new responses relevant to the conversation’s context.

Once the neural network has been trained, it can generate responses to user input in real time. When a user inputs a message, the generative chat AI system uses NLP techniques to analyse the text and determine the context of the conversation. Based on this context, the system then uses the trained neural network to generate a relevant and coherent response.

The success of generative chat AI depends mainly on the training data quality and the neural network’s complexity. Developers must ensure that the training data is diverse and representative of the conversations the system will likely encounter in real-world situations. Additionally, they must design neural networks capable of handling the complexity of natural language and generating accurate and engaging responses.

Use Cases for Generative Chat AI

The future holds many potential use cases for generative chat AI, but there are already a few ways that businesses are making the most of the opportunity. 

Coding

Generative AI can understand user coding requirements in countless languages such as Python, SQL, and Excel formulas. You can ask it to write or debug your code, and the AI returns step-by-step instructions on implementing it. 

Below is a snippet of what the popular Chat GPT platform can provide using a simple question. The more specific the user is with a question, the better the output. 

Copywriting

Users can provide generative chat AI with a topic overview, context and tone. The output is a loose summary that can speed up the copywriting process, allowing humans to focus on the more creative parts. 

Currently, the results are imperfect; see our section on augmenting roles rather than replacing them below. Still, they can make marketing teams far more efficient by giving them a solid starting point. 

Before posting anything written by AI, it is vital to check the accuracy of the information. Outputs are based on the data AI reads, which can be filled with bias and fake content. 

Customer Service

Sales teams can use generative chat AI to sort through all previous customer interactions across all channels (such as web conferences, phone calls, emails, and instant messages) and then direct it to create the next answer.

Consider yourself a salesperson who must react to a client’s query. Imagine how AI could assist you in coming up with the ideal response based on understanding the account history. An article in Wall Street Journal (membership required) talks about some businesses already adopting AI for this purpose. 

Augmenting Roles, Not Replacing Them

One of the key benefits of generative AI is that it can automate routine tasks, allowing humans to focus on more complex and creative work. For example, a chatbot can handle basic customer inquiries, freeing human customer service agents to handle more complex issues requiring empathy and critical thinking.

However, it’s essential to recognize that generative AI cannot replicate human creativity, empathy, and intuition. There will always be tasks and situations requiring a human touch, such as complex problem-solving, creative work, and emotional intelligence.

Moreover, the widespread adoption of generative AI could potentially lead to job displacement and a loss of human jobs. To mitigate this risk, companies should take a responsible approach to AI adoption, ensuring they are using it to augment human capabilities rather than replace them entirely.

In practice, this means that companies should carefully consider how generative AI can be used to complement human work rather than replace it. This might involve retraining employees to work alongside AI, redesigning job roles to take advantage of AI capabilities, or providing opportunities for employees to learn new skills that will be in demand as AI becomes more prevalent.

The Challenges of Generative Chat AI

Generative chat AI faces several challenges. 

The first major challenge is obtaining high-quality training data. Generative chat AI models require large amounts of diverse and representative training data to learn how to generate appropriate responses to various user inputs. However, obtaining such data can be difficult, especially for specialised or niche domains or languages with limited digital content.

Another challenge is ensuring that the AI model does not produce biassed outputs. AI models are trained on data, which may include inherent biases in language use or representation of certain groups or perspectives. If the training data is biassed, the AI model may learn to produce outputs that reinforce or amplify those biases, potentially leading to harmful or discriminatory user interactions.

And Possible Solutions

To address these challenges, it’s important to carefully curate and evaluate the training data used to train the generative chat AI model. This may involve sourcing data from diverse and representative sources, applying quality control measures to filter out biassed or irrelevant data, and using techniques like adversarial training to ensure that the model can handle a variety of inputs and outputs.

Another approach is to evaluate the outputs of the AI model and implement techniques like debiasing or reweighting to mitigate any potential biases. This can involve human oversight and intervention and ongoing monitoring and adjustment to ensure that the model remains fair.

A further challenge is the consistency of generative AI. Users expect a natural and engaging dialogue where responses flow smoothly from one to another and build upon previous messages. However, generative chat AI models may struggle to maintain coherence and consistency, especially when dealing with complex or unpredictable user inputs. 

For example, the model may generate off-topic or irrelevant responses or contradict previous statements made in the conversation. To address this challenge, AI models may require additional training or techniques like attention mechanisms, which can help the model focus on relevant parts of the conversation and generate more coherent responses.

Closing Thoughts

The future of generative chat AI is promising as advancements in natural language processing and machine learning pushes the boundaries of what’s possible. In the coming years, we can expect to see more sophisticated and context-aware AI models capable of engaging in rich and natural conversations with users. 

These models may incorporate advanced techniques like sentiment analysis, emotion detection, and personality modelling, allowing them to tailor their responses to individual users and create more personalised experiences. However, as with any technology, some potential risks and challenges must be addressed, such as maintaining an ethical and responsible use of AI, ensuring transparency and accountability, and addressing potential biases in the data used to train these systems.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment. Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business. Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

How Generative AI Transforms Web3

As the development of Web3 continues to gain momentum, artificial intelligence is set to revolutionise how we interact with decentralised networks. Among the many AI techniques available, generative AI is gaining increasing attention for its ability to create new and unique content, which has the potential to transform the Web3 landscape.

Generative AI can be used to produce everything from text and images to music and video, providing users with a wealth of new opportunities to engage with Web3 in exciting and innovative ways. 

According to a report by ResearchAndMarkets, the generative AI market is projected to reach $200.73 billion by 2032, indicating a growing demand for this technology across various industries. 

However, as with any new technology, significant challenges must be addressed, such as ensuring ethical use and mitigating potential biases. In this article, we will explore the key concepts of this form of AI and discuss its potential benefits and challenges to the Web3 ecosystem.

What Is Generative AI?

Generative AI is a type of artificial intelligence designed to create new and original content, such as images, text, music, and even video, without human intervention. Unlike traditional AI models, which are trained to recognize patterns and make decisions based on those patterns, generative AI is focused on generating new data that does not exist in its training data set. 

This is achieved by using machine learning algorithms, such as neural networks, to analyse large data sets and identify patterns that can be used to generate new content. 

Generative AI can be used in a wide range of applications, from creative industries such as music and art to more practical fields like medicine and finance, where it can be used to generate new drug compounds or financial models. 

  •  Art: It can create original pieces of art that range from abstract to more realistic forms. For instance, The Portrait of Edmond de Belamy was created by a French art collective using generative AI, and sold at Christie’s auction house for $432,500.
  • Music: AI-generated music is becoming increasingly popular, with some AI tools allowing users to create their own unique tracks. A good example is Amper Music, an AI-powered music composition platform enabling users to create and customise their original music.
  • Writing: Generative AI can also be used to create original written content, including news articles and even novels. For instance, OpenAI’s GPT-3 model (Chat GPT) has been used to write articles that are difficult to distinguish from those written by humans.
  • Virtual Clothing: It can also be used to create unique virtual clothing for use in the metaverse or other digital platforms. For instance, The Fabricant, a digital fashion house, has created a range of virtual clothing using generative AI.
  • Video games: AI can also be used to create original video games, from procedural content generation to NPCs with their own personalities and decision-making abilities. An example is Hello Games’ ‘No Man’s Sky’, which uses procedural generation to create an entire universe of unique planets and creatures.
  • Finance: AI can be used to analyse vast amounts of financial data and generate predictions and insights to inform investment decisions. For instance, the hedge fund Numerai uses generative AI models to analyse financial data and generate trading signals.

In other words, generative AI is the perfect technology to support Web3. 

What Is Web3?

Web3 refers to the next generation of the internet, which is focused on decentralisation, security, and user control. Unlike the current Web2, which is dominated by a few large corporations that collect and control user data, Web3 is based on decentralised networks that enable users to own and control their data. 

One of the key features of Web3 is the concept of the metaverse, a virtual world where users can interact with each other in real-time using avatars and digital assets. The metaverse is expected to be a key component of Web3, providing users with a new way to interact with each other and with digital content.

Another important feature of Web3 is smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts can be used to automate a wide range of processes, from financial transactions to supply chain management, without the need for intermediaries.

Generative AI can play a significant role in the Web3 ecosystem by creating new and unique digital assets for use in the metaverse and other decentralised applications. For example, generative AI can be used to create virtual clothing, art, and other assets that can be bought and sold within the metaverse. 

Additionally, generative AI can be used to create smart contracts that are more efficient and secure than traditional contracts, thereby reducing the need for intermediaries. However, as with any new technology, there are also potential risks and challenges associated with using generative AI in the Web3 ecosystem, including the potential for bias and the need to ensure ethical use. 

Challenges of Using Generative AI Within Web3

While generative AI has the potential to bring many benefits to the Web3 ecosystem, there are also significant challenges and risks associated with its use, particularly in the metaverse. 

One of the biggest challenges is the potential for bias in the data used to train the generative AI models. If the data used to train the models is biassed, the generated content may also be biassed, perpetuating existing inequalities and marginalising certain groups. It is, therefore, essential to ensure that the data used to train the models is diverse and representative of all groups.

Another challenge is the potential for misuse of generative AI in the metaverse. For example, generative AI could be used to create realistic deepfake videos or other forms of disinformation, which could have severe consequences for individuals and society.

Furthermore, there is also the issue of ethical considerations surrounding the use of generative AI in the Web3 ecosystem. For instance, generative AI could be used to create realistic avatars of real people without their consent, raising serious privacy concerns. 

There is also the question of who owns the rights to the generated content and how it can be used, particularly if it is sold for profit.

To mitigate these challenges and risks, it is essential to establish best practices and guidelines for the ethical use of generative AI in the metaverse and other Web3 applications. This includes ensuring that the data used to train the models is diverse and representative, establishing clear guidelines for using generated content and implementing effective mechanisms for detecting and preventing the misuse of generative AI. 

Closing Thoughts

Generative AI has the potential to play a significant role in the Web3 ecosystem, particularly in the development of the metaverse and other decentralised applications. Generative AI can be used to create new and unique digital assets, such as virtual clothing and art, which can be bought and sold within the metaverse. 

Additionally, it can be used to create smart contracts that are more efficient and secure than traditional contracts, reducing the need for intermediaries. However, there are also significant challenges and risks associated with using generative AI in the Web3 ecosystem, including the potential for bias and misuse. 

To mitigate these risks, it is important to establish best practices and guidelines for the ethical use of generative AI. Despite these challenges, the future of generative AI in the Web3 ecosystem looks promising, with the potential to create innovative content while ensuring that it is used responsibly.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment. Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business. Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

Can AI and Biotech Conquer Death?

Death is a certainty that all living beings must face, but what if we could beat it? The advances in biotechnology and artificial intelligence, or AI, have raised the question of whether death can be conquered. 

This article explores the potential of biotech and AI to achieve immortality, farfetched as it seems, and the pros and cons associated with this idea.

Advancements in Biotech

Biotechnology is a rapidly evolving field that is focused on using biological processes, systems, and organisms to create new products, technologies, and solutions. Significant advancements in biotech have led to the development of treatments and therapies that can extend human life. One of the most promising areas of biotech research is the development of stem cell therapies.

Stem cells are undifferentiated cells that can differentiate into different types of cells and tissues in the body. Stem cell therapies involve transplanting stem cells into damaged or diseased tissues to regenerate and repair them. This can be used to treat various conditions, including spinal cord injuries, heart disease, and Parkinson’s disease.

Another area of biotech research that has the potential to extend human life is gene therapy. Gene therapy involves introducing genetic material into a patient’s cells to treat or prevent disease.

This can be used to treat genetic disorders, such as cystic fibrosis, and to prevent age-related diseases, such as Alzheimer’s disease.

Advancements in AI

AI focuses on developing machines that can perform tasks that typically require human intelligence, such as perception, learning, reasoning, and decision-making. AI can transform many industries, including healthcare, by providing new tools and solutions to improve patient outcomes and extend human life.

One of the most promising applications of AI in healthcare is precision medicine. Precision medicine involves genetic and other data to tailor medical treatments to individual patients. AI can be used to analyse vast amounts of data to identify patterns and insights that can be used to develop personalised treatment plans.

Another area of research that can potentially extend human life is the development of autonomous medical systems. Autonomous medical systems are machines that can perform medical tasks without human intervention. These systems can be used to monitor patient health, administer medications, and perform surgical procedures.

AI and Biotech

AI can help progress the biotech industry in fields such as stem cell treatment and gene therapy, which we mentioned above. 

While stem cell treatment has shown promise in treating a range of diseases, it is still a relatively new field, and much is not yet understood about how stem cells work and how they can be effectively used in therapy.

AI can play a vital role in advancing stem cell treatment by helping to identify the best type of stem cell for a given condition and optimising the conditions under which the stem cells are grown and differentiated into specific cell types. It can also help to predict the likelihood of success for a given stem cell therapy and identify potential side effects or complications.

One company that is working on using AI to advance stem cell treatment is Insilico Medicine. The company uses AI to develop new drugs and therapies for various diseases, including cancer, fibrosis, and ageing. The company’s platform uses deep learning algorithms to analyse large amounts of data and identify potential drug targets and therapies. The video below is an explainer of one of their products. 

Similarly, gene therapy is a new field that can benefit from AI; which can play a crucial role in advancing gene therapy by helping to identify the best targets for gene therapy and optimising the delivery of genes to the target cells. It can also help predict gene therapy’s potential outcomes and identify possible side effects or complications.

One company that is working on using AI to advance gene therapy is Homology Medicines. The company is developing gene therapies for various genetic diseases, including phenylketonuria (PKU) and sickle cell disease. The company’s platform uses AI to design and optimise the delivery of gene therapies to make gene therapy more effective and accessible.

The Issues With Conquering Death

The idea of conquering death with biotech and AI has several potential benefits and risks. Some of the most significant pros and cons are outlined below.

Pros

  • Improved quality of life: Conquering death could significantly improve the quality of life for older adults. We could eliminate many of the problems associated with ageing, such as chronic diseases and disability. 
  • Advancements in science and technology: Immortality could lead to significant advances in science, technology, and culture by allowing our brightest minds to continue contributing to society.
  • Increased productivity: If people lived indefinitely, they would have more time to contribute to society, leading to increased productivity and economic growth.

Cons

  • Overpopulation: One of the most significant risks associated with conquering death is the potential for overpopulation. With people living indefinitely, the world’s population would continue to grow, straining resources and exacerbating environmental issues.
  • Unequal distribution of access: Ethical considerations are associated with unequal access to immortality technology. If only the wealthy and powerful could access these technologies, it could exacerbate existing inequalities.
  • Loss of cultural traditions: Immortality could lead to the loss of cultural traditions and the stagnation of cultural evolution.

The Challenges With Conquering Death

While AI and biotech hold significant promise for advancing medicine and extending human life, many challenges must be overcome before death can indeed be conquered.

One of the primary challenges is the ethical implications of using these technologies to extend life. While many people would welcome the opportunity to live longer, healthier lives, there are concerns about the potential consequences of such an advancement. 

For example, there may be questions about who would have access to these technologies and how they would be distributed. There may also be concerns about the impact on the planet and the potential strain on resources if the population continues to grow as people live longer.

Another challenge is the complexity of the human body and the many factors that can impact health and longevity. While AI and biotech can help identify potential therapies and treatments, much is still not yet understood about how the body works and how it can be effectively treated. 

For example, there are many different types of cancer, each with unique characteristics and challenges. Developing effective therapies for each type of cancer will require a deep understanding of the underlying biology and a willingness to experiment with new approaches.

There are also challenges related to developing and regulating new therapies and treatments. Developing new drugs and therapies is a long and expensive process. There is always a risk that a promising treatment will fail in clinical trials or have unforeseen side effects. In addition, there are regulatory challenges related to getting new therapies approved and ensuring they are safe and effective for humans.

Finally, there are challenges related to using AI and biotech in healthcare. For example, there may be concerns about the accuracy and reliability of AI algorithms, particularly when making decisions about human health. There may also be questions about how AI and biotech will impact the roles of healthcare providers and whether machines in the future will replace them.

Market Statistics and Use Cases

The biotech and AI industries are rapidly growing and have significant potential to transform healthcare and extend human life. According to a report by Grand View Research, the global biotech market size was valued at $1,023.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030. The report cites the growing demand for biopharmaceuticals and increasing investment in biotech research as key market growth drivers.

Several companies are working in biotech and AI to develop new therapies and solutions that can extend human life. One such company is Unity Biotechnology, which focuses on developing therapies targeting the underlying causes of age-related diseases. The company’s lead program is a senolytic therapy that targets senescent cells, which are cells that have stopped dividing and contribute to age-related diseases.

Another company in the biotech space is Moderna, best known for developing one of the first COVID-19 vaccines. The company is also working on developing mRNA therapies that could be used to treat a range of diseases, including cancer and rare genetic disorders.

In AI, several companies are developing solutions to improve patient outcomes and extend human life. One such company is Deep Genomics, which uses AI to create new therapies for genetic diseases. The company’s platform combines genomics and machine learning to identify genetic mutations that cause disease and develop new therapies to treat them.

Closing Thoughts

The idea of conquering death with biotech and AI is a tantalising prospect but comes with significant challenges and risks. While biotech and AI have the potential to extend human life and improve the quality of life in old age, there are also substantial ethical considerations associated with immortality. 

As these two industries continue to evolve, it is crucial to consider the challenges and risks and work towards developing solutions that can extend human life sustainably and ethically. The goal is to improve the quality of life for all, not just for some. 

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment.  Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business.  Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees. 

AI and Its Many Forms

Artificial intelligence (AI) is no longer just a science fiction concept but a technological reality that is becoming increasingly prevalent daily. There are several forms of AI, each with unique characteristics and applications. 

This article will explore the various forms of AI today, including machine learning, natural language processing, computer vision, expert systems, and robotics. By examining each type of AI, we can better understand how these technologies function and the potential benefits they can offer society. By understanding the different forms, we can also better appreciate their implications for the future of various industries and the overall economy.

The Different Types of AI

There are various types of AI, each with specific qualities and uses.

AI can be classified as either narrow or general based on the scope of its tasks. Narrow AI, also known as weak AI, is designed to perform specific and highly specialised tasks. 

For example, a chatbot that can answer customer service questions or an image recognition system that can identify particular objects in photographs are examples of narrow AI. Narrow AI systems are designed to complete specific tasks efficiently and accurately but are limited in their ability to generalise beyond those tasks.

In contrast, general AI, also known as strong AI or artificial general intelligence (AGI), is designed to perform various tasks and can learn and adapt to new situations. It aims to replicate the cognitive abilities of humans, including problem-solving, decision-making, and even creativity. It seeks to create machines that can perform any intellectual task that a human can.

While we have made significant progress in developing narrow AI, we are still far from achieving general AI. One of the main challenges is creating machines that can learn and generalise from a wide range of data and experiences rather than just learning to perform specific tasks. Additionally, general AI will require the ability to reason and understand context in a way currently impossible for machines.

Below are the typical applications. Most of these are still narrow bar expert systems which are beginning to show some aspects of general AI. 

Machine Learning

Machine learning is one of the most common forms of AI and involves training algorithms on large datasets to identify patterns and make predictions. For example, Netflix uses machine learning to recommend shows and movies to viewers based on their previous viewing history. 

This technology has also been applied to healthcare to help diagnose and treat medical conditions.

Natural Language Processing

Natural language processing (NLP) is another form of AI that allows computers to understand, interpret, and respond to human language. One real-world application of NLP is chatbots, which many companies use to provide customer service and support. For example, Bank of America uses an NLP-powered chatbot to help customers with their banking needs.

Computer Vision

Computer Vision is a form of AI that enables machines to interpret and understand visual information from the world around them. One example of this is the use of computer vision in self-driving cars. Companies such as Tesla use computer vision to analyse data from sensors and cameras to make real-time decisions about navigating roads and avoiding obstacles.

Expert Systems

Expert systems are AI systems that use rules and knowledge to solve problems and make decisions. These systems are often used in industries such as finance and healthcare, where making accurate decisions is critical. For example, IBM’s Watson is an expert system that has been used to diagnose medical conditions and provide treatment recommendations.

Robotics

Robotics is another form of AI involving machines performing physical tasks. One real-world application of robotics is in manufacturing, where robots are used to assemble products and perform other tasks. For example, Foxconn, an electronics manufacturer for companies like Apple, uses robots to assemble products on its production lines.

It’s important to note that we now have primarily narrow AI designed to perform specific tasks. However, the ultimate goal of AI is to develop general AI which can perform a wide range of tasks and learn and adapt to new situations. While we may not have achieved general AI yet, developing narrow AI systems is an essential step towards that goal. The interrelated and supportive nature of these different forms is what allows us to make progress towards this ultimate goal.

How People Perceive AI

Artificial intelligence is often perceived as a futuristic concept still in its early stages of development. However, the truth is that it is already a commonplace technology that is widely used in various industries. Many companies have quietly incorporated it into their operations for years, often in narrow, specialised forms that are not immediately apparent to the general public.

For example, AI algorithms are commonly used in online shopping websites to recommend products to customers based on their previous purchases and browsing history. Similarly, financial institutions use it to identify and prevent fraud, and healthcare providers use it to improve medical diagnoses and treatment recommendations. It is also increasingly used in manufacturing and logistics to optimise supply chain management and reduce costs.

Despite its prevalence, many people still associate AI with science fiction and futuristic concepts like robots and self-driving cars. However, the reality is that it is already deeply integrated into our daily lives. As AI continues to evolve and become even more sophisticated, its impact on various industries and our daily lives will become known to all.

Closing Thoughts

The development of general AI will profoundly impact many industries, including healthcare, transportation, and manufacturing. It will be able to perform a wide range of previously impossible tasks, from diagnosing complex diseases to designing and creating new products. 

However, with this increased capability comes a need for increased responsibility and regulation. As AI becomes more integrated into our daily lives, it will be essential to ensure that it is used ethically and with the best interests of society in mind. In the future, it is likely to become an even more integral part of our lives, transforming how we live, work, and interact with technology.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment. Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business. Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

Blockchain and AI

According to a report by Allied Market Research, the global blockchain technology market was valued at $3 billion in 2020 and is expected to grow to $39.7 billion by 2025. Similarly, the AI market is projected to grow to $190 billion by 2025, according to a report by MarketsandMarkets

With the increasing demand for both blockchain and AI, combining these technologies can revolutionise many industries and transform the way we do business.

What Is Blockchain?

Blockchain technology is a decentralised, distributed ledger that allows for secure and transparent transactions without intermediaries. It was first introduced in 2008 by an unknown individual or group of individuals under the pseudonym Satoshi Nakamoto to facilitate Bitcoin transactions. 

The technology works by recording transactions in blocks linked together to form a chain, hence the name ‘blockchain’. Each block contains a cryptographic hash of the previous block, ensuring the chain’s integrity.

The benefits of blockchain technology include increased security, transparency, and efficiency. By eliminating the need for intermediaries, such as banks, transactions can be completed faster and at a lower cost. The technology’s decentralised nature also makes it more resistant to fraud and hacking. Blockchain is used in various industries, including finance, healthcare, and supply chain management.

What Is AI?

AI, or artificial intelligence, refers to the ability of machines to perform tasks that would typically require human intelligence, such as learning, reasoning, and problem-solving. The history of AI traces back to the 1950s when researchers first began developing algorithms for machine learning. Since then, AI has evolved to include many technologies, including neural networks, natural language processing, and computer vision.

AI has rapidly transformed the finance industry by providing faster, more accurate decision-making capabilities and improving operational efficiency. Some examples of how AI is being used in finance include:

  • Fraud detection: AI-powered fraud detection systems use machine learning algorithms to identify unusual behaviour patterns and detect fraudulent activities. 
  • Trading and investment: AI-powered trading algorithms use natural language processing (NLP) to analyse news articles, social media, and other data sources to identify patterns and predict market movements. 
  • Customer service: Financial institutions use chatbots and virtual assistants to provide customer service and support. 

Financial firms worldwide are increasingly turning to artificial intelligence (AI) technologies to improve their efficiency, automate their processes, and provide better customer service. Three examples of financial firms that have successfully adopted AI are Capital One, Citigroup, and Ping An.

Capital One, a US-based financial institution, has implemented natural language processing (NLP) to enhance customer service. Its virtual assistant, Eno, can understand and respond to customer inquiries in natural language, available via the company’s mobile app, website, and text messages. The system has helped Capital One reduce wait times and enhance customer satisfaction. The company has also used machine learning to detect and prevent fraudulent activity.

Citigroup, a multinational investment bank, has been utilising computer vision to analyse financial data. Its research team has developed an AI-powered platform to analyse financial statements and other data to identify patterns and trends. 

The platform can also provide predictive insights, assisting investors in making well-informed decisions. The system has improved Citigroup’s research capabilities and enabled the company to provide superior investment advice to its clients.

Ping An, a Chinese insurance and financial services company, has been using machine learning to improve its risk management. Its risk management platform, OneConnect, can analyse large amounts of data to identify potential risks and provide real-time insights. 

The system can also offer tailored risk assessments for different types of businesses. OneConnect has assisted Ping An in reducing its risk and enhancing its operational efficiency.

Financial firms are increasingly adopting AI technologies to remain competitive and enhance customer service. By leveraging NLP, computer vision, and machine learning, financial institutions can streamline operations, improve customer service, and make informed decisions. Firms that fail to embrace these technologies may risk falling behind their competitors.

Why AI and Blockchain Must Work Together

AI and blockchain are two of the financial services industry’s most innovative and disruptive technologies. While they are often seen as separate technologies, AI and blockchain are becoming increasingly interdependent for several reasons. 

One of the most significant advantages of blockchain is its ability to provide secure, transparent, and tamper-proof transactions. However, blockchain cannot detect fraud, which is where AI comes in. 

By integrating AI and blockchain, financial firms can build more secure and transparent systems that leverage AI’s fraud detection capabilities to enhance the trustworthiness of blockchain. This combination can offer improved security and transparency in transactions, which is crucial in financial services. 

Another advantage of integrating AI and blockchain is the improved accuracy and efficiency of financial services. Smart contracts built on blockchain can automate financial transactions and self-execute when predefined conditions are met. By integrating AI, smart contracts can also be made more intelligent and capable of automatically adjusting to changing conditions. This integration can lead to the creation of more efficient and accurate financial systems.

Integrating AI into the blockchain can also help financial firms to detect and mitigate risks more quickly and effectively. AI can analyse vast amounts of data in real-time, making it an ideal tool for risk management. For example, AI can identify anomalies in financial transactions and flag them for review or rejection, making detecting fraud and other risks easier. This benefit can lead to better risk management, an essential component of financial services.

The integration of AI and blockchain can also help financial firms to comply with regulations more effectively. Financial rules are complex and ever evolving, making compliance a significant challenge for financial firms. By combining AI and blockchain, financial firms can improve their ability to comply with regulations and reduce the costs and risks associated with non-compliance. For example, blockchain can provide an immutable record of transactions, while AI can be used to analyse the data and ensure that it complies with regulations.

AI Creates New Business Models

Finally, integrating AI and blockchain opens up new business models and opportunities for financial firms. Decentralised finance (DeFi) applications are leveraging AI and blockchain to create new financial products and services that are more efficient, accessible, and affordable than traditional financial services. The combination of AI and blockchain technology creates new opportunities for financial firms, leading to the development of new financial products and services that were not possible before. 

In practice, many examples of financial firms are already successfully leveraging AI and blockchain to enhance their services. For instance, Ripple, a blockchain-based payments solution, has integrated AI to improve its fraud detection and risk management capabilities. JPMorgan Chase is using blockchain to develop a decentralised platform for tokenising gold, and AI is being used to analyse the data generated by the platform. Visa also leverages blockchain and AI to enhance its fraud detection and prevention capabilities.

AI and blockchain can transform financial services, enhancing security, transparency, accuracy, efficiency, risk management, compliance, and new business models. By working together, AI and blockchain can create synergies that make them greater than the sum of their parts. Financial firms embracing AI and blockchain are likely better positioned to succeed in an increasingly competitive and complex financial services landscape.

Closing Thoughts

The future of AI-enabled blockchain in financial services is promising, with significant advancements expected in the next decade. Here are some potential developments:

  • Financial firms will continue integrating AI and blockchain to improve their operations, increase efficiency, and reduce costs. 
  • By combining AI’s ability to analyse data with blockchain’s secure and transparent ledger, financial firms can develop systems that provide more secure and private transactions.
  • Decentralised finance (DeFi) applications are already leveraging AI and blockchain to create new financial products and services
  • As AI and blockchain become more integrated into financial services, regulatory oversight will increase
  • Integrating AI and blockchain will likely create new business models and revenue streams for financial firms. 

Overall, the future of AI-enabled blockchain in financial services looks bright, with continued growth and development expected in the next decade. As financial firms increasingly adopt and integrate these technologies, we can expect to see significant advancements in efficiency and security as new business opportunities emerge. 

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

The author of this text, Jean Chalopin, is a global business leader with a background encompassing banking, biotech, and entertainment. Mr. Chalopin is Chairman of Deltec International Group, www.deltec.io

The co-author of this text, Robin Trehan, has a bachelor’s degree in economics, a master’s in international business and finance, and an MBA in electronic business. Mr. Trehan is a Senior VP at Deltec International Group, www.deltec.io

The views, thoughts, and opinions expressed in this text are solely the views of the authors, and do not necessarily reflect those of Deltec International Group, its subsidiaries, and/or its employees.

design and development by covio.fr