Gaug­ing the IQ level of a mod­ern AI

Ar­ti­fi­cial In­tel­li­gence is help­ing to find win-win solutions for all par­ties in the fi­nan­cial sec­tor, says X8 AG’s co-founders Gre­gor Kozelj and Francesca Greco

Gulf Business - - PROFILE -

The world and global so­ci­ety are cur­rently un­der­go­ing a par­a­digm shift. One of the main drivers be­hind this shift is a phe­nom­e­non called Ar­ti­fi­cial In­tel­li­gence (AI), which is es­tab­lish­ing new rules for how we in­ter­act among one an­other.

It has been said that AI is the new elec­tric­ity. This tech­nol­ogy is able to solve real world problems, and at the same time ca­pa­ble of tak­ing the path of least re­sis­tance. This abil­ity con­nects AI to a stream of eco­log­i­cally aware move­ments, which re­in­forces a mes­sage of sus­tain­abil­ity and preser­va­tion of the en­vi­ron­ment. It may come as a sur­prise to many that in cer­tain fields, AI has ac­tu­ally taken over the in­tel­lec­tual ca­pac­ity of a hu­man be­ing. Sim­ply put, AI is ca­pa­ble of solv­ing more de­mand­ing problems than a hu­man, and it solves them more quickly.

AI is pro­fi­cient at finding solutions to eco­nomic problems, while also ex­pos­ing users to the low­est pos­si­ble risk nec­es­sary to com­plete a task, is a price­less fea­ture of new AI tech­nolo­gies. This as­pect shat­ters the an­ti­quated view of a zero-sum game. AI can find win-win solutions, where both par­ties on each side profit, with­out neg­a­tive con­se­quences for other par­tic­i­pants.

Com­bined power of AI tech­nolo­gies cre­ates the ba­sis for a new form of money

X8 AG is a Fin­tech com­pany which is among the global lead­ers that have de­vel­oped and in­te­grated AI tech­nolo­gies into new fi­nan­cial prod­ucts and solutions that are now avail­able for ev­ery­one around the world. The com­pany has built its or­gan­i­sa­tion around a strong IT core which de­vel­oped a unique AI ca­pa­ble of fi­nan­cial in­sti­tu­tion grade port­fo­lio risk man­age­ment.

This risk man­age­ment AI is called the Au­to­matic Re­serve Man­age­ment AI – or ARM AI. The fin­tech team of the Swiss based X8 AG de­vel­oped this par­tic­u­lar AI over a pe­riod of 10 years to take on a role of pro­vid­ing ef­fi­cient and so­cially re­spon­si­ble cap­i­tal al­lo­ca­tions and trans­ac­tions, while si­mul­ta­ne­ously com­ply­ing with the strict rules and reg­u­la­tions in place un­der the Swiss leg­isla­tive frame­work.

X8 Dol­lar and X8cur­rency tar­get goals be­yond sta­bil­ity

Sta­bil­ity is just not enough. If so­ci­ety wants to re­con­sider what kind of money the world econ­omy needs in the fu­ture, it only needs to think about the ef­fects of in­fla­tion on our global econ­omy. When in­fla­tion is on the rise, as it is cur­rently, sta­bil­ity is not suf­fi­cient. South Africa, In­dia, and a few other de­vel­oped nations are the re­cent ex­am­ples that suf­fer from in­fla­tion, prov­ing ma­ture economies are not im­mune. Dig­i­tal cur­rency needs to be able to pre­serve value and stand the test of time, so that it will be as valu­able in a few years as it is now.

The X8 Dol­lar and X8cur­rency prod­ucts will be the first that will ven­ture into this realm. The X8 Dol­lar aims to be the new benchmark for any US dol­lar de­nom­i­nated sta­ble to­ken that will be able to fight in­fla­tion and de­liver vast amounts of flex­i­ble liq­uid­ity and safety to its users. It will also sup­port the cen­tral man­date of the cen­tral bank to help cre­ate price sta­bil­ity in the global eco­nomic en­vi­ron­ment through the help of ARM AI.

The true rev­o­lu­tion in value preser­va­tion how­ever will be X8cur­rency. If we look at the X8 Dol­lar as the benchmark dol­lar de­nom­i­nated dig­i­tal cur­rency to­ken, X8cur­rency will not limit it­self only to the USD. As the name sug­gests, X8cur­rency will em­ploy the top eight FIAT currencies si­mul­ta­ne­ously, break­ing away from the de­pen­dency on any sin­gle ma­jor cur­rency. To fur­ther strengthen the pro­tec­tion against any de­val­u­a­tion risk, X8cur­rency will also im­ple­ment gold bul­lion as an in­sur­ance mea­sure in the re­serve bas­ket of X8cur­rency.

Fi­nal thoughts

X8 AG un­der­pins this mon­e­tary so­lu­tion with one of the strictest KYC/AML pro­to­cols in the in­dus­try, an­other AI based control mech­a­nism, to open these prod­ucts to cross border pay­ment ap­pli­ca­tions in a com­pletely reg­u­lated and com­pli­ant man­ner. Con­se­quently, mer­chants all over the world will be able to tap into these new ben­e­fits.

The track record of the last three years, cre­ated in co­op­er­a­tion with a rep­utable fi­nan­cial in­sti­tu­tion, shows that the sys­tem will al­low users and their usual ev­ery day busi­nesses to stay safe, not only from mar­ket fluc­tu­a­tions and un­wanted volatil­ity of the USD or Bit­coin, but also from bad ac­tors and fi­nan­cial and cy­ber­crime, while still be­ing open to count­less new op­por­tu­ni­ties that this sys­tem will pro­vide for the mar­ket and its par­tic­i­pants.

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