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
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.
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.