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President Obama on Future of AI and Tech, Bots Label Video, More – This Week in Artificial Intelligence 10-14-16

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1 – Barack Obama: Now Is the Greatest Time to Be Alive

President Obama was generous enough to take time out of his (still) busy schedule to guest-edit Wired’s November issue, also contributing an opening essay that articulates his thoughts on why this is the best time to be alive (regardless of what’s touted in news and social media) and how he sees our current and future generations continuing to make leaps in scientific and technological progress. In his goal for the issue, he says,

That’s why I centered this issue on the idea of frontiers—stories and ideas about what’s over the next horizon, about what lies on the other side of the barriers we haven’t broken through yet.

He names just a few of the challenges we still need to work together to solve – climate change; economic inequality; cybersecurity; cancer and antibiotic-resistant superbugs – and emphasizes the positive gains made in focusing on STEM education and the democratization of technology and knowledge to reach citizens outside the walls of MIT and other research universities. His vision of an emboldened, pioneering era of Americans is not new in principle, though an evolving socio-cultural environment and technological tools go hand-in-hand with his message, which is worth reading.

(Read the President’s full essay on Wired)

2 – Silicon Valley Makes Big Strides in AI, While the Government Ponders its Future

In the progressive discussions around AI, there are disagreements and governing forces with potentially differing interests at the helm. Actions and sometime opposing messages continue to flow out of two of the most influential players – Silicon Valley powerhouses (like Google, Apple, and others), and the U.S. government. The White House, which has increasingly become invested in this arena, released a new report on Wednesday outlining the administration’s focus on future potentials and challenges inherent in the inevitable progress of artificial intelligence. The report focuses on current applications (like self-driving vehicles) and spotlights public policy considerations in light of these evolving technologies; the announcement makes note of a companion strategic plan for federally-funded research that was released alongside the report. As the government and SV players continue their trajectories, there will continue to be friction and debate in how quickly (and at what costs) AI is being developed both in and out of the private sector.

(Read the full article on Silicon Valley Business Journal and administration report at the White House Blog)

3 – Bots Generate Video Titles and Tags to Bring AI Researchers One Step Closer to Visual Intelligence

Two National Tsinghua University professors, collaborating with a Microsoft researcher, have used deep learning to further develop machine’s abilities to generate relevant titles and tags based on video content. Professors Chia-Wen Lin and Min Sun were first inspired by Microsoft’s COCO (Common Objects in Context), a new image recognition, segmentation, and captioning dataset; they collaborated with Microsoft Research Asia’s Dr. Tao Mei to use COCO captions for sentence augmentation and captions to train their system, in which a bot highlights important moments within video and comes up with suggestions for an appropriate title and captions. Their work furthers the ultimate goal of a comprehensive visual, artificial intelligence that understands and can categorize content in video.

(Read the full article on the Microsoft Research Blog and research paper at arvix)

4 – This Robot Makes a T-shirt from Start to Finish

Robots have historically been used in manufacturing because they’re adept at handling stiff, heavy objects, but when it comes to more dexterous and delicate tasks – not so much. Now, one tech-forward entrepreneur has created a robotic system that can sew a T-shirt from beginning to end. Jonathan Zornow’s “Sewbo” starts with a temporarily-stiffened fabric that makes it easy for a robot to work. Zornow will be using his programmable robotic arm in an upcoming partnership with Bluewater Defense, which makes combat trousers for the U.S. military. Bluewater’s CEO Eric Spcakey said,

“It requires 64 [manufacturing] operations just to make a single combat trouser. If we can automate every 2 to 3 of those, it will make the process much more efficient.”

It may not be too long before automated sewing robots make their way into the broader textile industry.

(Read the full article on CNNMoney)

5 – Artificial Intelligence Positioned to be a Game-Changer

Host Charlie Rose hosted a timely 60 Minutes segment titled Artificial Intelligence, which aired on October 9 that took a closer look at the status of AI today and the minds and billions of dollars that have made this progress possible over the last decade. Rose interviewed figures such as John Kelly, head of research at IBM; Dr. Ned Sharpless, who runs the cancer center at North Carolina at Chapel Hill; Andrew Moore, former Google employee and head of the Computer Science department at Carnegie Mellon; among others.  One of the overarching ideas being explored is that AI has, in some ways, shown levels of creativity and judgement-making that exceeds human beings, and that this evolution doesn’t look to be slowing down anytime soon.

(Read the full interview and watch the 60 Minutes segment at CBSNews)

Source: https://emerj.com/president-obama-on-future-of-ai-and-tech-bots-label-video-more-this-week-in-artificial-intelligence-10-14-16/

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Litecoin Price Analysis: 07 March

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The cryptocurrency market has been recovering from the sudden selling pressure it witnessed a few days back. Litecoin [LTC] has been trying to find a stable price level in the market currently, however, there have been recurring sell-offs pushing the coin even lower.

At the time of writing, the digital asset was trading at $182.68 with a market capitalization of $12.16 billion.

LTC one-hour chart

Source: LTCUSD on TradingView

The above chart of Ltiecoin highlighted the rise and fall of the price. Although a small surge carried the value higher, selling pressure has now replaced it. The price has been testing the support at $182.13.

If the price fails to hold onto this support, we may be seeing another sell-off in the LTC market.

Reasoning 

The Bollinger Bands have been diverging which was a sign of increasing volatility in the market. As the volatility in the market increases, there is a possibility for a trend change. However, the signal line along with the 50 moving average has remained under the candlesticks noting that a certain level of bullishness still exists.

However, the momentum was on a decrease as the selling pressure continued. The momentum has shifted towards the sellers’ side and may fall into the negative zone if the price breaches the support.

Meanwhile, the relative strength index has also moved away from the equilibrium zone. However, despite a selling pressure, the buyers were trying to level the market as the RSI was heading closer to the overbought zone.

Crucial levels

Entry-level: $181.89
Stop-level: $184.50
Take profit: $179.14
Risk to Reward: 1.06

Conclusion

The current trends in the Litecoin market were more bearish than bullish. As the coin tests support, there is a potential fall that looms at large. It may drop to $176 in the short term, however, the price may see a further retrace from this point if a bullish trend reversal fails to materialize.


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Source: https://ambcrypto.com/litecoin-price-analysis-07-march

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Decentralized finance may be the future, but education is still lacking

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Engaging in the traditional financial markets has become less appealing to consumers and institutional investors as of late. New opportunities are plentiful, with decentralized finance getting a lot of attention. However, that new movement is not without its risks and flaws, either.

For decades, consumers and institutional investors have explored the many different options presented to them in the financial world. This approach has worked out rather well, as one could even earn passive revenue on their savings account. Today, things look very different, as many banks charge negative interest rates and continue to exploit their customers.

Another problem compounding the lessening appeal of centralized finance is the ongoing impediments in the industry. More specifically, banks are forced to settle lawsuits regularly, mostly due to their wrongdoing. This ranges from opening accounts for clients without their knowledge, masking products under different names while providing the same service, money laundering and so forth.

Despite all of this, many people remain loyal to their banks or other financial institutions. Or that used to be the case, as decentralized finance has a lot of people interested today. Unlike traditional finance, DeFi has no exorbitant fees, unfair terms or financial exclusion. Instead, it is a movement that aims to bring financial services to everyone regardless of their current access to these products.

Making DeFi more accessible

While it may seem as if decentralized finance is destined to disrupt traditional finance, there is still a lot of work to be done. In its current state, DeFi primarily caters to users who have sufficient knowledge of the cryptocurrency market. Unfortunately, the crypto industry remains a niche market even today despite prices for Bitcoin (BTC) and Ether (ETH) moving up quickly in the past few months.

In fact, there are no viable guides on how to prepare yourself for these new financial opportunities. Every existing guide assumes the reader already knows the ins and outs of cryptocurrency, which is usually not the case.

Education is the first big step

Wading through the complex nature of DeFi requires clear and concise education. There is a rising need for educational platforms that address beginner levels of investing. Publications contributing educational content around DeFi noted significant growth throughout 2020 and early 2021. Educational initiatives have a goal to lower entry barriers to decentralized finance by educating people on cryptocurrency and the opportunities the broader industry provides. Ultimately, a good goal for DeFi would be for 100 million more people to have deposited at least $1 each into decentralized finance by 2025. It may seem like an easy goal, yet convincing millions of people to partake in this industry isn’t easy. Many people remain unconvinced by cryptocurrencies in general, and they will likely feel the same about DeFi.

We as an industry need to acknowledge that things need to improve to be taken more seriously by the masses. Making a global impact with complex structures and technologies and requiring the use of cryptocurrencies warrants clear and concise education.

A big catalyst for launching more educational initiatives now is the recent r/Wallstreetbets and GameStop saga. People worldwide suddenly found themselves in a position of power to make the financial market dance to their tunes. It depicts the need to make financial markets accessible to everyone, yet the current financial industry doesn’t always allow this to happen. This became apparent when the trading of GameStop stocks was halted by several providers to protect larger investors. It serves as an excellent example of how unfair the financial industry can be.

Creating a level playing field

At its core, the financial sector can operate without gatekeepers or centralized intermediaries. The DeFi industry has shown that this is possible, even though the industry is still in its early stages. Creating an environment where anyone can safely borrow, lend and trade directly is possible, but the educational aspect needs to come first.

As the public perception of traditional finances keeps taking blows to the chin, it is a matter of time until large groups begin exploring other horizons. Investing in cryptocurrencies has given many a taste of what financial freedom can entail. However, it is crucial to understand that this is only the first step along a long road toward achieving that freedom.

There is a lot more to DeFi than just owning Bitcoin, Ether or any other crypto assets. While that does grant one access to decentralized finance, the educational initiatives led by industry leaders will help explain how you can use these assets for more than speculative purposes. Through education, research and guidance, a new era of finance may just be around the corner.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Piers Ridyard is the CEO of Radix, the decentralized finance protocol. A Y Combinator Alumni, Piers joined Radix after exiting his previous company, which built DLT-based deal rooms for clearing syndicated insurance contracts.

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Source: https://cointelegraph.com/news/decentralized-finance-may-be-the-future-but-education-is-still-lacking

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How DAFI Protocol Rewards Long-Term Token Holders and Supports Sustainable Project Growth

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As more cryptocurrency projects are beginning to understand firsthand, keeping key stakeholders and early investors involved in a project’s ecosystem long-term is tough. With increasing speculation around new blockchain networks, specifically DeFi-focused platforms, cryptocurrencies can see instant price growth as they hit the market. With these profits too high for early investors to forgo, the people who supported the project earliest can end up cashing out, which is bad for the overall ecosystem.

DAFI Protocol has come up with an innovative solution to this problem, rewarding long-term users with a metric-based reward structure that allows new crypto projects to maintain their original community over time.

Synthetic Tokens Are the Answer

DAFI Protocol’s solution revolves around synthetic tokens, or newly minted tokens produced to represent the value of other assets. Using synthetic tokens, new projects can deposit a portion of their total supply into the DAFI protocol. Following the deposit, synthetic tokens representing ownership rights to the original coins will be minted and distributed to holders. These tokens are not tradable, meaning original token holders cannot monetize these synthetic tokens while they hold them. Their only use is exchanging back for the initial token after a predetermined time period runs out.

This may seem like it only benefits project development teams, but it rewards early token adopters as well. Following the distribution of the initial synthetic tokens, the number of tokens a user holds will change based on a smart contract algorithm that allows for the flow of token supply. Using a decentralized oracle, DAFI will be able to evaluate off-chain metrics such as token price, platform adoption, and trading volume to determine the platform’s growth. The more usability the platform receives over time, the larger the amount of synthetic tokens distributed to each token holder.

Creating Holders Out of Sellers

With DAFI, platforms are not discouraging speculation on their native cryptocurrencies; they just want the commitment to become a longer-term arrangement. With its innovative solution, DAFI turns investors from sellers to holders, incentivizing them to realize their investment value if the platform sees measurable growth.

This is extremely beneficial to new projects, as they need to establish a base of platform usage so they know what works well and where they need to improve. This structure will serve the best interests of projects and token holders going forward, as tokens will realize value based on the actualization of the network. Considering some projects worth hundreds of millions or billions of dollars receive almost no network usage, DAFI promises to properly incentivize stakeholders based on more than broad speculation.

There is currently no link between token holder rewards and network adoption; this needs to change. Although users may not be able to profit from short-term speculation through DAFI, they have a much better chance of generating value long-term alongside adoption. This mechanism will scare away gamblers and speculators hoping to get rich quick on the next hyped-up project, leaving investment opportunities for those who plan to stay with the project over an extended period of time. With this superior token distribution method, projects will utilize DAFI to deposit a portion of their token supply in favor of non-tradable and elastic synthetic tokens for users, rewarding them over time.

Image by anncapictures from Pixabay 

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Source: https://www.newsbtc.com/news/company/how-dafi-protocol-rewards-long-term-token-holders-and-supports-sustainable-project-growth/

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