Connect with us


Debut of AI Ethics Partnership, AI-Inspired Symphony, and More – This Week in Artificial Intelligence 09-30-16




Network Intrusion Detection Using Machine Learning 7

1 – Oculus Investor Greg Castle Unveils $12 million Fund for VR, Self-Driving Cars, and More

Anorak Ventures’ Greg Castle, who got in early on Oculus, announced this week $12 million in seed funds for cutting-edge companies in the areas of VR, AR, autonomous vehicles, robotics, and pioneering innovations using AI and computer vision technologies. In an email to VentureBeat, Castle wrote,

“Over the next ten years these technologies will change our lives. I look for highly specialized teams solving tough problems in these exciting areas that will help bring these technologies to the masses.”

To date, Anorak has made investments in Simbe, Dishcraft, LoomAI, and an undisclosed VR company. Investor and Former Executive at EA Greg Richardson, as well as Singularity University’s Reese Jones, will both serve as advisors to the fund.

(Read the full article at VentureBeat and find fund info at Anorak Ventures)

2 – Industry Leaders Establish Partnership On AI Best Practices

The anticipated union of top AI and related-technology players made formally debuted this week with the announcement of the launch of Partnership on AI (to benefit people and society), a nonprofit organization that will work for “advance public understanding of AI technologies and formulate best practices on the challenges and opportunities within the field.” Members include Amazon, DeepMind/Google, Facebook, IBM, and Microsoft. Experts and relevant leaders in academics, nonprofits, and political entities will be invited to join the organization’s Board. Founding members will contribute both financial and research resources to further the entity’s goals, and will share leadership direction.

(Read the full press release at Partnership on AI)

3 – Orchestra Music Created with the Help of Artificial Intelligence

Technology and business consulting firm Accenture was behind the AI-inspired “Symphonologie” that debuted at the Louvre Pyramid in Paris last week. The musical project is meant to serve as a bridge that connects the abstract idea of AI and illustrates how it can be used in many different modalities in a broad range of domains. In explaining why the company chose this particular mode of communication, Group Chief Executive Mark Knickrehm stated,

“We realized that music cuts straight through the list – there are so many different cultures and spoken languages around the world and we quickly went to music as something that transcends culture.”

The final performance was a collaboration between man and machine that included analyzing words and sentiment in articles on business and technology, categorizing words according to sentiments, matching each emotion with a musical element, and then putting those files into the hands of a composer who arranged the AI-generated melodies. Data visualists created an accompanying visual presentation for a full multimedia experience. The futuristic performance is scheduled to soon go on a global tour.

(Read the full article at CBSNews)

4 – Algorithm Could Enable Visible-Light-Based Imaging for Medical Devices, Autonomous Vehicles

A team of researchers from MIT media lab have created an algorithmic approach that could be a seminal next step in creating next-generation medical-imaging and autonomous-vehicle-imaging systems. The “All Photons Imaging” (API) approach “recovers visual information” from light scattered as an effect of its environment. Using laser beams and a high-speed camera, the researchers have been able to successfully demonstrate light’s time of arrival by reconstructing an accurate image of a pattern cut into a “mask”, a thick sheet of plastic, and then a slab of material designed to mimic human tissue. Continuing to make innovations in this line of study is important, as information from light is much more true-to-life than that gathered through X-Rays or ultrasound waves, and it also allows for images to be better seen in ambiguous situations (i.e. fog or mist) – an existing problem for visioning systems in self-driving cars. The group published its results this week in Scientific Reports.

(Read the full article at MIT News and the research report on Scientific Reports)

5 – IBM Unveils Industry’s First Platform to Integrate All Data Types for AI-Powered Decision-Making

On Wednesday, IBM introduced it’s data-driven, cloud-based platform, Project Dataworks, which integrates and streamlines the processing of different types of data (such as IoT, social media, enterprise databases, etc.) in one place. Core cognitive capabilities are part of the underlying solution, with cognitive-based machine learning in place to help escalate the discovery of patterns and models from data. According to IBM, the platform was designed using the same approach done with The Weather Company (an IBM business), which includes flexible data architecture, rapid digestion of many data sources (increased from 50 to hundreds of Gbps), and internet-scale data and analytics. The platform, which is available on IBM’s Bluemix, will likely be leveraged by data analysts and other professionals looking to connect various forms of data and gain insights to help improve customer experiences and transform business models.

(Read the full press release at IBM News)

Image credit: MIT News



Meet The Kraken Bank Executive Team: CEO David Kinitsky

Republished by Plato



First revealed last September, Kraken is quietly hard at work gearing up to launch Kraken Bank. This exciting new venture is helping to shape the landscape for both Bitcoin and other cryptocurrency services – and the banking industry – well into the future. 

While we can’t reveal all the details yet, we sat down with Kraken Bank CEO David Kinitsky to get a glimpse into how he’s leading the charge to ensure the next generation of financial firms are built with the next generation of assets in mind. 

David brings more than 15 years of experience in cryptocurrency and financial services. He helped launch a streak of innovations with Grayscale, Fidelity, Circle, SecondMarket, and the private investment funds he’s managed.

He’s full of industry knowledge and always adds a colorful perspective to the conversation. Enjoy!

Hi David! You worked at some of the biggest names in the industry. How did you get into crypto, what were those experiences like?

I first came across Bitcoin when I was working at a company called SecondMarket, which would become Digital Currency Group, one of the largest players in this industry. SecondMarket built marketplaces for illiquid, esoteric, and emerging assets. Eventually we got into Bitcoin and sold the legacy business to NASDAQ. 

I took the lead in setting up Grayscale, structuring it’s first and flagship product – the Bitcoin Investment Trust – and served as GM of the business, which I ran for the next couple years. Today, Grayscale is the largest digital asset manager in the world with some $25-30 billion assets under management. (Big shout out to the team over there that took the baton, executed with remarkable consistency, and grew it into the juggernaut it is today.)

I left Grayscale to join Fidelity as their first digital asset hire, helping them to develop their strategy in the crypto space. I also ran a proprietary crypto fund there as a co-portfolio manager alongside the team that now runs Castle Island Ventures, an early stage VC firm focused on crypto.

My next stop was at Circle where I helped to restructure their business, refocus it around their USDC stablecoin, and relaunch with their payments/treasury platform.

Finally, when I saw Kraken pursuing the SPDI bank, I jumped at the opportunity and went all in, moving along with my family to Wyoming where the bank is based. It’s important infrastructure for Bitcoin and crypto, and is also reshaping traditional banking and financial services.

There is a lot of discussion about regulating cryptocurrencies. What do you find fascinating about bitcoin in this respect and how do you look at regulation of the space?

There’s not just a lot of discussion about regulating, there’s real regulating going on already. I sometimes hear this misunderstanding that crypto is not regulated. It’s regulated in the same way we regulate most financial services and other industries – by regulating the services providers and the actions taken by users. Just look at crypto companies and the licensure/registrations they maintain.

We should want to be especially smart about how we regulate these crypto companies as compared to their more traditional counterparts. There’s a key distinction to consider. In traditional financial services – say banking or brokerage or whatever – end users have no other alternative to access these services. They can’t opt out. If you want to send money across space and time, you need a bank or other financial service provider. Crypto is different. Users can receive, hold, and send their own assets themselves. It may be clunky for some, but they can do it. So there is some level of burden above which users will just not use the key nexus through which regulation is enforced. And the first ones to leave are the “bad guys” you want to be able to oversee.

I’ll also say that crypto provides new tools and abilities. For example, financial institutions can incorporate verifiable proof of reserves or to build other auditable assurances into their operations to ensure they’re solvent and doing what they say they are.

I’m optimistic that we’ll be able to thread the needle on the right regulation in the long term, and just hope we don’t shoot ourselves in the foot nearer term.

What about political and public opinion? How is Bitcoin and crypto currently being viewed and how might that affect its status and regulation?

It’s a good question. Absolutely foundational. After all, law and regulation arise out of policy objectives that take into account certain cost-benefit tradeoffs. Historically, we haven’t been able to have these serious conversations about Bitcoin or crypto here in the US because of some absolutist or ill-informed opinions. 

The most common is that there’s no use case other than speculation or illicit activity, and no reason to make any accommodations within the existing system. I do think that more recently – especially in this macro environment – there’s an increasing appreciation for the benefits that Bitcoin provides as a store of value and in terms of censorship resistance, as well as an openness to the other opportunities crypto could create in the future. There’s also starting to be some recognition that Bitcoin and crypto will continue to operate regardless, and will simply do so outside of the existing financial system if we don’t pave a path for them within it.

Another is that they’re necessarily adversarial to America somehow, or simply incompatible with our laws, regulation, and institutions. But, Bitcoin is as American as apple pie. Its values are exactly the same as American values – free speech, free association, free enterprise, individual liberty, property rights, and so on – all the principles this country was founded on and the engines for growth throughout our history. And either way, the fact is that Bitcoin exists and other countries are getting involved. It’ll be critical that the U.S. maintain a position in this emerging industry to ensure its global competitiveness and national economic security.

What is it about Kraken Bank that makes this a venture worth building? 

I do actually think that this initiative has some symbiotic elements to it, but – and maybe it’s gauche to say these days – we’re building Kraken Bank because it achieves some very clear organizational objectives of ours. 

It provides the business with better legal/regulatory positioning, improved infrastructure and resultant customer experience, and more product/market opportunities. More broadly, it supports Kraken’s mission of promoting crypto adoption to enable more financial freedom, by seamlessly connecting crypto all the way down to the bottom of the financial services stack, which is entirely buttressed by banking. It puts us in a position to help shape the future of banking and it incorporates crypto.

Finally, I’m excited to help develop the ecosystem right here in Wyoming. Banks have always played important roles and re-invested within their communities. Kraken will be no different. We’re not carpetbaggers. We want to be connected to communities where, and with which, we conduct business – and to build something special together. 

Want to help? Kraken and Kraken Bank are actively hiring, with new jobs posted periodically on the company’s careers page.  If you don’t see a role at the bank that’s right for you today, stay tuned for more listings soon!

Thank you David. 

-The Kraken Team


Continue Reading


Institutional Clients: Get Free Real-Time USD Transfers Through Signature Bank

Republished by Plato



Institutional clients at Kraken now have a new way to transfer USD that is free, near-instant and available 24/7. The new funding option is available through our integration with the Signet™ payment platform offered by Signature Bank. 


  • Deposits: $0
  • Withdrawals: $0

Available currencies


  • Kraken Pro business account
  • Account with Signature Bank
  • Both accounts must be under the same name

How to get started  

Note that you must have an account with Signature Bank, so the process is different depending on whether you already have an account or not. Follow the link below for complete instructions and requirements.

Learn more about Signature’s relationship with Kraken and the Signet platform in the Q&A below with Signature CEO Joseph DePaolo. 

Can you talk about your relationship with Kraken? 

We are thrilled to have been working with Kraken for almost three years. Kraken continues to showcase thought leadership and technological innovation in the digital space, which are the critical qualities we look for in a partner. Kraken not only has top security protocols in place for their clients, but also the platform has seen extreme growth recently. I am excited to see what the future holds as the exchange connects to our Bank’s Signet platform and API. 

Can you give a quick overview of the Signet Platform and how it leverages blockchain tech?

Signet is the first proprietary, blockchain-based, digital payments platform that can be integrated directly into client’s businesses and technology systems. Signature Bank launched Signet on January 1, 2019, to enable its commercial clients to make instant and free payments in U.S. dollars. 

Through Signet’s design and features, Signature Bank clients have used Signet’s API to merge their proprietary systems with the Signet platform for full transactional capabilities. These API enhancements allow clients to continue to leverage Signet’s real-time, 24/7/365 benefits and transactions safety and securely. 

Signet’s blockchain technology is largely influenced by Ethereum’s code and allows for the minting of signets, which are tokenized representations of USDs, to instantly send and settle payments between clients. However, rather than operating a public ledger where anyone has access to the transaction history, Signet is a private, closed loop blockchain for use by Signature Bank clients only.

Why did you start a niche for small businesses? What is missing among the “big banks”?

Signature Bank was founded 20 years ago with a mission to provide excellent client service and care to small- and mid-sized businesses, values that we share closely with Kraken. Our private client banking teams serve as a single point of contact to meet all clients’ banking needs – unique when compared to mega-banks where clients are typically parsed out to different departments. This single-point-of-contact approach has become the hallmark of the Signature Bank franchise.

As the Bank grew and diversified, it appointed a Digital Assets private client banking team in January 2018 to serve the rapidly evolving digital asset community. 

Kraken is proud to offer our institutional clients this fast and convenient new funding option. For more information and instructions on how you can enable Signet for your account, visit our support page here.


Continue Reading


New to the Street to Feature Global Cannabis Applications Corp in a 12-Part Series for Monthly U.S. Network Television Broadcasts

Republished by Plato



New to the Street will be following CEO Brad Moore and his team at Global Cannabis Applications as they introduce Efixii, the only “seed to seed” verification system deployed for cannabis, to cannabis growers worldwide.

The series with anchor-moderator Jane King from NASDAQ will broadcast monthly on Fox Business, Bloomberg, KRON, and on NEWSMAX Sundays at 9:30 AM EST. The first interview broadcasts Saturday on Bloomberg Television at 6:00 PM EST, on NEWSMAX on Sunday at 9:30 AM EST, and on Fox Business on Monday, February 29th at 10:30 PM PST.

“On February 13, 2019 in a press release, members of the EU Parliament stated to ‘take medical use of cannabis seriously.’ Global Cannabis’s blockchain-generated QR code technology representing each step of the cultivation, supply chain and consumer feedback data for every gram of cannabis has made that statement achievable. Our Efixii solution is helping growers, regulators and medical professionals ensure a better outcome for medical cannabis patients,” stated Brad Moore, CEO of Global Cannabis Applications Corp.

In addition to the monthly series, Emerging Growth will be constructing and distributing article content to further inform the general population and investing community on GCAC and their Efixii product rollout.

About Global Cannabis Application Corp
Global Cannabis Applications Corp. is a global leader in designing, developing, SaaS licensing and acquiring innovative data technologies for the medical cannabis industry. The Citizen Green and Efixii platforms are the world’s first end-to-end – from patient to regulator – medical cannabis data solutions. They use six core technologies: mobile applications, artificial intelligence, RegTech, smart databases, Ethereum blockchain and GCAC smart rewards. These technologies transparently disclose cannabis chain-of-custody events, thereby enabling patients to provide crowd-sourced medical cannabis efficacy data. Driven by digital and cannabis industry experts, GCAC is focused on generating revenue from SaaS licensing its technology and acquiring high quality cannabis datasets that improve patient outcomes and to become the world’s largest cannabis efficacy data provider.

Through its evolution, found a niche in identifying companies that can be overlooked by the markets. They look for strong management, innovation, strategy, execution, and the overall potential for long-term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, they are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through their parent Company, they also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

About FMW Media
FMW Media Corp. operates one of the longest-running U.S and International sponsored programming T.V. brands “New to the Street,” and its blockchain show “Exploring The Block.” Since 2009, these brands run sponsored media formatted shows across three major U.S. Television networks. The TV platforms reach over 540 million homes both in the US and international markets. FMW recently added Newsmax to its broadcasting platform with its first show broadcasted Sunday, December 27th. The NEWSMAX – New to The Street show is syndicated on Sundays 9:30-10 AM EST.

FMW Media Contact:
Bryan Johnson
+1 (631) 766-7462



Continue Reading
Blockchain5 days ago

Gemini collaborates with The Giving Block and others, adds donations option

Blockchain4 days ago

NextGen Blockchain Platforms Self-Organize to Win Government Contracts

Blockchain2 days ago

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Blockchain5 days ago

What Coinbase Going Public Could Do For Crypto

Blockchain4 days ago

Crypto Investment Fund to Sell $750M in Bitcoin for Cardano and Polkadot

Blockchain4 days ago

This was avoidable – The lost Bitcoin fortunes

Blockchain3 days ago

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Blockchain16 hours ago

Why Mark Cuban is looking forward to Ethereum’s use cases

Blockchain5 days ago

Coinbase public listing filing details 2020 revenue, major a16z stake

Blockchain2 days ago

Korean Government To Levy Taxes On Bitcoin Capital Gains Starting 2022

Blockchain2 days ago

NBA Top Shot leads NFT explosion with $230M in sales

Blockchain3 days ago

XRP, STEEM, Enjin Price Analysis: 27 February

Blockchain3 days ago

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Blockchain2 days ago

Polkadot, Cosmos, Algorand Price Analysis: 28 February

Blockchain2 days ago

How KuCoin Shares (KCS) Can Create a Stream of Passive Income

Blockchain4 days ago

‘Bitcoin could reach $1 million or $1, and may do both of those’

Blockchain3 days ago

Here are 6 DEX tokens that have seen exponential growth in 2021

Blockchain3 days ago

6 Questions for Kain Warwick of Synthetix

Blockchain3 days ago

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

Blockchain2 days ago

Litecoin, Monero, Dash Price Analysis: 28 February