BRN Discussion Ongoing

[Okeydokey01]

thnx JB49, majority AI chips in the market are based on the cloud, how can we change the whole world (been built for two decades) to the edge?

“How do we change the whole world…” truth is much of the work has already been done, the market is now coming to us. The realisation that connected AI's restrictive reliance and demands on memory, connectivity, data and power consumption is starting hit home.

We find ourselves in this position not by accident. Our founders had the foresight and conviction to pursue and develop the solution before the problem even existed. The hard work of our team over the last few years and continuing to this day in developing and delivering our technology, patents and partner network has us perfectly positioned. Connected AI has its place, but equally and perhaps more importantly in terms of scale of application so does edge AI. What Akida brings, be it stand alone or in conjunction with connected AI is undeniable.

What a great week, feels like the beginning of something special.

 

[IloveLamp]

MediaTek on LinkedIn: Automotive sessions and events at GTC 2024

MediaTek is heading to #GTC24 in San Jose with NVIDIA DRIVE. Dr. Ephrem Anthony Chemaly PhD, VP & GM, Automotive Business Unit at MediaTek will lead the…

www.linkedin.com

https://nvda.ws/42rSvGW

 

[Fact Finder]

thnx JB49, majority AI chips in the market are based on the cloud, how can we change the whole world (been built for two decades) to the edge?

The answer is Brainchip is not trying to change the world.

The answer is compatibility as a result of incorporating CNN and CNN2SNN conversion Brainchip allows the whole World to adopt AKIDA technology into their existing platforms without changing or throwing out their existing technology or models.

By adding AKIDA technology suddenly the World can off load Ai inference at the Edge to AKIDA and only deal with the relevant events dramatically reducing needed bandwidth by only sending valuable relevant meta data to the Cloud where it can be processed further, action taken and then stored more economically and efficiently ready for use.

The best real world example is a security camera monitoring a commuter carpark.

A normal security camera connected to the cloud can have its frame rate slowed down to reduce power to say 10 fps yet even though it is slowed down it is still every second sending ten frames or photographs of the carpark with nothing happening to the cloud needing the same bandwidth every second, every minute, every hour.

This means if my maths is correct 36,000 images of nothing happening is being sent to the cloud for processing to find and report 36,000 times nothing happening every hour on the hour 24 hours a day.

This results in masses of probably useless data being stored in case it is later needed.

Enter AKIDA technology because it is compatible with every sensor and every process the carpark owner can slot it in between the camera and the existing processor and it can monitor the 10 fps for events and only when an event occurs in a frame does it pass this frame/ photo on to the processor as meta data to send on to the cloud for further processing.

What this allows is the camera to run at higher frame rates (Nviso runs at over 1,000 fps with AKIDA) and resolution (even colour) while still dramatically lowering energy consumption and with dramatically reduced bandwidth and cloud storage saving running costs at every stage while reducing latency and improving accuracy.

The reality of what Brainchip offers is that it makes the existing technology magnitudes better and does not require all existing technology to be made redundant and thrown on the scrap heap before it can be adopted.

Beyond this Brainchip AKIDA technology offers the option to start from scratch and build out whole systems based on its technology so that as existing technology ages and has to be replaced it can step in and immediately or over time completely replace that which went before.

This is why you can read on the ARM website that AKIDA dramatically improves the efficiency of ARM processes.

My opinion only DYOR
Fact Finder

 

[jla]

The answer is Brainchip is not trying to change the world.

The answer is compatibility as a result of incorporating CNN and CNN2SNN conversion Brainchip allows the whole World to adopt AKIDA technology into their existing platforms without changing or throwing out their existing technology or models.

By adding AKIDA technology suddenly the World can off load Ai inference at the Edge to AKIDA and only deal with the relevant events dramatically reducing needed bandwidth by only sending valuable relevant meta data to the Cloud where it can be processed further, action taken and then stored more economically and efficiently ready for use.

The best real world example is a security camera monitoring a commuter carpark.

A normal security camera connected to the cloud can have its frame rate slowed down to reduce power to say 10 fps yet even though it is slowed down it is still every second sending ten frames or photographs of the carpark with nothing happening to the cloud needing the same bandwidth every second, every minute, every hour.

This means if my maths is correct 36,000 images of nothing happening is being sent to the cloud for processing to find and report 36,000 times nothing happening every hour on the hour 24 hours a day.

This results in masses of probably useless data being stored in case it is later needed.

Enter AKIDA technology because it is compatible with every sensor and every process the carpark owner can slot it in between the camera and the existing processor and it can monitor the 10 fps for events and only when an event occurs in a frame does it pass this frame/ photo on to the processor as meta data to send on to the cloud for further processing.

What this allows is the camera to run at higher frame rates (Nviso runs at over 1,000 fps with AKIDA) and resolution (even colour) while still dramatically lowering energy consumption and with dramatically reduced bandwidth and cloud storage saving running costs at every stage while reducing latency and improving accuracy.

The reality of what Brainchip offers is that it makes the existing technology magnitudes better and does not require all existing technology to be made redundant and thrown on the scrap heap before it can be adopted.

Beyond this Brainchip AKIDA technology offers the option to start from scratch and build out whole systems based on its technology so that as existing technology ages and has to be replaced it can step in and immediately or over time completely replace that which went before.

This is why you can read on the ARM website that AKIDA dramatically improves the efficiency of ARM processes.

My opinion only DYOR
Fact Finder

Thanks F.F. for your explanation, Easy to understand for some one with memory problems.

 

[Mugatu]

Intel CEO again talking about edge AI and how they are planning to compete

training (cloud) vs inferencing (edge)

From 4:47 time stamp



The connection between Intel and Brainchip is a huge deal

 

[Motty]

I’m confused. How can someone buy 4,000,000 shares at .49 cents after trade closes? If this happened during open trade, there wasn’t 4.000,000 shares on sale at .49? It would surely have had to push the price up considerably to cover the 4mil??? Obviously I’m missing something??

Hi GF, not 100% sure but could be an off market transfer. I do this every year as I transfer shares from my company into my SMSF. When this transfer takes place I do not know how ASX calculates the volume as a traded volume of shares.

 

[Cgc516]

The answer is Brainchip is not trying to change the world.

The answer is compatibility as a result of incorporating CNN and CNN2SNN conversion Brainchip allows the whole World to adopt AKIDA technology into their existing platforms without changing or throwing out their existing technology or models.

By adding AKIDA technology suddenly the World can off load Ai inference at the Edge to AKIDA and only deal with the relevant events dramatically reducing needed bandwidth by only sending valuable relevant meta data to the Cloud where it can be processed further, action taken and then stored more economically and efficiently ready for use.

The best real world example is a security camera monitoring a commuter carpark.

A normal security camera connected to the cloud can have its frame rate slowed down to reduce power to say 10 fps yet even though it is slowed down it is still every second sending ten frames or photographs of the carpark with nothing happening to the cloud needing the same bandwidth every second, every minute, every hour.

This means if my maths is correct 36,000 images of nothing happening is being sent to the cloud for processing to find and report 36,000 times nothing happening every hour on the hour 24 hours a day.

This results in masses of probably useless data being stored in case it is later needed.

Enter AKIDA technology because it is compatible with every sensor and every process the carpark owner can slot it in between the camera and the existing processor and it can monitor the 10 fps for events and only when an event occurs in a frame does it pass this frame/ photo on to the processor as meta data to send on to the cloud for further processing.

What this allows is the camera to run at higher frame rates (Nviso runs at over 1,000 fps with AKIDA) and resolution (even colour) while still dramatically lowering energy consumption and with dramatically reduced bandwidth and cloud storage saving running costs at every stage while reducing latency and improving accuracy.

The reality of what Brainchip offers is that it makes the existing technology magnitudes better and does not require all existing technology to be made redundant and thrown on the scrap heap before it can be adopted.

Beyond this Brainchip AKIDA technology offers the option to start from scratch and build out whole systems based on its technology so that as existing technology ages and has to be replaced it can step in and immediately or over time completely replace that which went before.

This is why you can read on the ARM website that AKIDA dramatically improves the efficiency of ARM processes.

My opinion only DYOR
Fact Finder

Thanks for your patience . This is definitely a professional, easy understanding explanation. I think it will make more newbie like me more confident to hold BRN.
For the shorter, they manipulate our SP today , one day in the near future we will dominate their manifestation tools!

 

[rgupta]

The answer is Brainchip is not trying to change the world.

The answer is compatibility as a result of incorporating CNN and CNN2SNN conversion Brainchip allows the whole World to adopt AKIDA technology into their existing platforms without changing or throwing out their existing technology or models.

By adding AKIDA technology suddenly the World can off load Ai inference at the Edge to AKIDA and only deal with the relevant events dramatically reducing needed bandwidth by only sending valuable relevant meta data to the Cloud where it can be processed further, action taken and then stored more economically and efficiently ready for use.

The best real world example is a security camera monitoring a commuter carpark.

A normal security camera connected to the cloud can have its frame rate slowed down to reduce power to say 10 fps yet even though it is slowed down it is still every second sending ten frames or photographs of the carpark with nothing happening to the cloud needing the same bandwidth every second, every minute, every hour.

This means if my maths is correct 36,000 images of nothing happening is being sent to the cloud for processing to find and report 36,000 times nothing happening every hour on the hour 24 hours a day.

This results in masses of probably useless data being stored in case it is later needed.

Enter AKIDA technology because it is compatible with every sensor and every process the carpark owner can slot it in between the camera and the existing processor and it can monitor the 10 fps for events and only when an event occurs in a frame does it pass this frame/ photo on to the processor as meta data to send on to the cloud for further processing.

What this allows is the camera to run at higher frame rates (Nviso runs at over 1,000 fps with AKIDA) and resolution (even colour) while still dramatically lowering energy consumption and with dramatically reduced bandwidth and cloud storage saving running costs at every stage while reducing latency and improving accuracy.

The reality of what Brainchip offers is that it makes the existing technology magnitudes better and does not require all existing technology to be made redundant and thrown on the scrap heap before it can be adopted.

Beyond this Brainchip AKIDA technology offers the option to start from scratch and build out whole systems based on its technology so that as existing technology ages and has to be replaced it can step in and immediately or over time completely replace that which went before.

This is why you can read on the ARM website that AKIDA dramatically improves the efficiency of ARM processes.

My opinion only DYOR
Fact Finder

One of the best explanations FF.
Even a layman can understand what is important and how system can be made more productive.

 

[Fact Finder]

Thanks for your patience . This is definitely a professional, easy understanding explanation. I think it will make more newbie like me more confident to hold BRN.
For the shorter, they manipulate our SP today , one day in the near future we will dominate their manifestation tools!

Hi Cgc

One of the things to keep in mind with Brainchip is that it’s AKIDA technology is about much, much more than just the glamorous and sexy autonomous driving end of the technology market.

If you personally are a newbie you may have missed this partnership:

“BrainChip’s Neuromorphic Technology Enables Intellisense Systems to Address Needs for Next-Generation Cognitive Radio Solutions​

Laguna Hills, Calif. – March 21, 2023 – BrainChip Holdings Ltd(ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, today announced that Intellisense Systems Inc. has selected its neuromorphic technology to improve the cognitive communication capabilities on size, weight and power (SWaP) constrained platforms (such as spacecraft and robotics) for commercial and government markets.

Intellisense’s intelligent radio frequency (RF) system solutions enable wireless devices and platforms to sense and learn the characteristics of the communications environment in real time, providing enhanced communication quality, reliability and security. By integrating BrainChip’s Akida™ neuromorphic processor, Intellisense can deliver even more advanced, yet energy efficient, cognitive capabilities to its RF system solutions.

One such project is the development of a new Neuromorphic Enhanced Cognitive Radio (NECR) device to enable autonomous space operations on platforms constrained by size, weight and power (SWaP). Intellisense’s NECR technology provides NASA numerous applications and can be used to enhance the robustness and reliability of space communication and networking, especially cognitive radio devices. Smart sensing algorithms will be implemented on neuromorphic computing hardware, including Akida, and then integrated with radio frequency modules as part of a Phase II prototype.

“We are excited to partner with BrainChip and leverage their state-of-the-art neuromorphic technology,” said Frank T. Willis, President and CEO of Intellisense. “By integrating BrainChip’s Akida processor into our cognitive radio solutions, we will be able to provide our customers with an unparalleled level of performance, adaptability and reliability.”

BrainChip’s Akida processor is a revolutionary computing architecture that is designed to process neural networks and machine learning algorithms at ultra-low power consumption, making it ideal for edge computing applications. By utilizing this cutting-edge technology, Intellisense will be able to deliver cognitive radio solutions that are faster, more efficient and more reliable than ever before.

“Intellisense provides advanced sensing and display solutions and we are thrilled to be partnering with them to deliver the next generation of cognitive radio capabilities,” said Sean Hehir, CEO of BrainChip. “Our Akida processor is uniquely suited to address the demanding requirements of cognitive radio applications and we look forward to continue partnering with Intellisense to deliver cutting-edge embedded processing with AI on-chip to their customers.”

In my opinion Cognitive Communications has huge potential.

Just think about going for a drive and you see standing in the middle of the road a policeman.

You obey his signal to stop. He walks up to your car window and advises you that a bushfire has closed the road 40 kilometres ahead and tells you that you need to use the alternate route to get to your destination.

In today’s world the Police Officer is often replaced by traffic Apps that tell you the best route to take.

This is what Cognitive Communications are all about. Choosing the best route for digital communications to be routed so that too many messages do not go the same way causing congestion or log jams.

In space radio communications are routed to Earth via satellites and at each satellite AKIDA will allow decisions to be made as to which is the best route to take.

On Earth you will know about 3G, 4G and 5G networks. You may even have heard they are working on another upgrade a 6G network.

In this technology age as more and more devices are made needing connection to the Cloud networks are quickly reaching capacity.

A way to increase the capacity of existing networks is to apply intelligence at every node and make smart decisions about which way to send a given communication to its destination so as to avoid contesting bandwidth.

There are millions and millions of these nodes that will need to be made smart to create cognitive communications.

But to do this the solution will need to be smart and run at ridiculously low power capable but still capable of real time decision making at very low cost.

AKIDA technology stands head and shoulders above all other technology when you factor size, power and cost into the equation.

It is predicted that in the not to distant future 75% of all data will be created at the Edge.

Even if AKIDA is adopted by say 30% of all these Edge applications the other 70% will still be there trying to send this collected date over networks to have it processed and stored in the cloud.

This is where even if it is not adopted at the Edge AKIDA will be needed to make networks as smart or cognitive as possible to handle the avalanche of demand that is going to crush existing and future networks.

Not as sexy as autonomous Tesla vehicles but still a massive market.

My opinion only DYOR
Fact Finder

 

[Derby1990]

Cute little article on the ABC about NVIDIA now being worth more than Australia's GDP.

'They are literally printing money on silicon': AI sends Nvidia's market value soaring higher than Australia's GDP

Chipmaker Nvidia has just recorded the biggest one-day gain by any company in Wall Street history. But could the AI boom be just another dot-com-style bubble?

www.abc.net.au

Here are two of my favourite sentences...

 

[Frank Zappa]

Yes MD what you write about is what I mention in my bracketed paragraph.

The issue is we never know which of the many reasons for this being done is in play and therein lies the problem.

Why does the ASX not have a code that tells me it is a cross trade between related parties?

Why leave me and others to wonder?

Where is the transparency?

How does anyone know that massive numbers of shares that realistically should be properly traded on the ASX adding to liquidity are being dealt with in this manner?

We are told that we have to put up with short sales because it is good for liquidity yet they permit a situation where if you have sufficiently large holdings you can trade with other large holders outside the normal market which reduces liquidity????

My opinion only DYOR
Fact Finder

It’s the weekend and I am going to digress slightly with a light example of how the South Australian Stockexchange operated in 1971. A friend and I went to school in South Terrace in year 11. In year 12 I continued on and my friends father got him a job in finance whereby he commenced as a ‘Chalky’ at the Adelaide Stockexchange.Over his first 6 months his parents were very proud of him that he invested his money into two flashy cars - an MG and a GTR Torana . When he asked if he could purchase another one in the future his parents said he could trade up or do something else with his wage .Later the following year the police rang the home number and informed his father that they pulled over and apprehended three people who had stolen his car and if he could call in to No1 Angus Street and sort out the release of the car back to him and explain why he had not reported it missing .Well didn’t the shit hit the fan with my friend. His dad grilled him and he had to own up to to his practice of parking the extra cars he bought by parking them in the street close to where he lived . His dad also found out that most of his weekly wages went into tips he heard from the brokers and traded in those tips until this incident arose . He had accumulated 6 additional vehicles outside the two at home . The one the police had in storage as having been stolen was a GTHO Phase 1Falcon .Of the cars parked close to home was an RT Valiant Charger. A 360 V8 6litre . His dad arranged another job for him so that he could get out before being caught . They were the days .

 

[Getupthere]

https://www.reuters.com/business/autos-transportation/mercedes-benz-hits-cars-returns-forecast-inflation-supply-chain-costs-bite-2024-02-22/

 

[Diogenese]

What's going on with them? I've just had a look at their website. On the one hand I wonder what has become of pickle and his favorite stock, I mean us. And on the other hand I see that they are churning out superficial articles in bulk. Is that what all the fools do? Who pays for that? I mean, today alone he has cobbled together 18 articles, if he even knows what's all about.
When he was still writing about us I at least had the feeling that he was taking it personally. Now he produces articles in mass. Are they paid per article?
Seriously, who works for a place like that voluntarily and who puts money on their table?
I picked out an article that recommended buying shares before a next week. And at the bottom it says quite clearly and obvious why. They hold the stocks that they recommend in this article!

MF contributor pickle has positions in Lovisa and Woodside Energy Group. The MF Australia's parent company MF Holdings Inc. has positions in and has recommended Lovisa, Macquarie Group, and WiseTech Global. The MF Australia has positions in and has recommended Macquarie Group and WiseTech Global. The MF Australia has recommended Lovisa. The MF has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by who cares.

And I think they're serious about it. I need to wash my eyes.

Seriously, I think pickle has problems. While his colleague tonyoo casually generates two or three articles per day, pickle has to produce on an assembly line. Is he in financial mess?
who cares

Give me your signature and I'll tell you the best way to invest $1000, which I was told in confidence by my stealth under cover avatar colleague in a super exclusive secret forum.


Subscribe here View attachment 57753
An Ethical Oasis?!!!?

___________________-
Seriously, that's what it really says on the subscription page!

I think he had a wardrobe fire - all his shorts were burnt.

 

[Fact Finder]

https://www.reuters.com/business/autos-transportation/mercedes-benz-hits-cars-returns-forecast-inflation-supply-chain-costs-bite-2024-02-22/

Mr. Bean has a lot to answer for.

Certainly not the fault of corporate lies about what EVs can do and inept government ideologues.

Will have to find a new way to carbon neutral by 2050. What about amazing Ai technology like AKIDA.

My opinion only DYOR
Fact Finder

 

[Cgc516]

Hi Cgc

One of the things to keep in mind with Brainchip is that it’s AKIDA technology is about much, much more than just the glamorous and sexy autonomous driving end of the technology market.

If you personally are a newbie you may have missed this partnership:

“BrainChip’s Neuromorphic Technology Enables Intellisense Systems to Address Needs for Next-Generation Cognitive Radio Solutions​

Laguna Hills, Calif. – March 21, 2023 – BrainChip Holdings Ltd(ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, today announced that Intellisense Systems Inc. has selected its neuromorphic technology to improve the cognitive communication capabilities on size, weight and power (SWaP) constrained platforms (such as spacecraft and robotics) for commercial and government markets.

Intellisense’s intelligent radio frequency (RF) system solutions enable wireless devices and platforms to sense and learn the characteristics of the communications environment in real time, providing enhanced communication quality, reliability and security. By integrating BrainChip’s Akida™ neuromorphic processor, Intellisense can deliver even more advanced, yet energy efficient, cognitive capabilities to its RF system solutions.

One such project is the development of a new Neuromorphic Enhanced Cognitive Radio (NECR) device to enable autonomous space operations on platforms constrained by size, weight and power (SWaP). Intellisense’s NECR technology provides NASA numerous applications and can be used to enhance the robustness and reliability of space communication and networking, especially cognitive radio devices. Smart sensing algorithms will be implemented on neuromorphic computing hardware, including Akida, and then integrated with radio frequency modules as part of a Phase II prototype.

“We are excited to partner with BrainChip and leverage their state-of-the-art neuromorphic technology,” said Frank T. Willis, President and CEO of Intellisense. “By integrating BrainChip’s Akida processor into our cognitive radio solutions, we will be able to provide our customers with an unparalleled level of performance, adaptability and reliability.”

BrainChip’s Akida processor is a revolutionary computing architecture that is designed to process neural networks and machine learning algorithms at ultra-low power consumption, making it ideal for edge computing applications. By utilizing this cutting-edge technology, Intellisense will be able to deliver cognitive radio solutions that are faster, more efficient and more reliable than ever before.

“Intellisense provides advanced sensing and display solutions and we are thrilled to be partnering with them to deliver the next generation of cognitive radio capabilities,” said Sean Hehir, CEO of BrainChip. “Our Akida processor is uniquely suited to address the demanding requirements of cognitive radio applications and we look forward to continue partnering with Intellisense to deliver cutting-edge embedded processing with AI on-chip to their customers.”

In my opinion Cognitive Communications has huge potential.

Just think about going for a drive and you see standing in the middle of the road a policeman.

You obey his signal to stop. He walks up to your car window and advises you that a bushfire has closed the road 40 kilometres ahead and tells you that you need to use the alternate route to get to your destination.

In today’s world the Police Officer is often replaced by traffic Apps that tell you the best route to take.

This is what Cognitive Communications are all about. Choosing the best route for digital communications to be routed so that too many messages do not go the same way causing congestion or log jams.

In space radio communications are routed to Earth via satellites and at each satellite AKIDA will allow decisions to be made as to which is the best route to take.

On Earth you will know about 3G, 4G and 5G networks. You may even have heard they are working on another upgrade a 6G network.

In this technology age as more and more devices are made needing connection to the Cloud networks are quickly reaching capacity.

A way to increase the capacity of existing networks is to apply intelligence at every node and make smart decisions about which way to send a given communication to its destination so as to avoid contesting bandwidth.

There are millions and millions of these nodes that will need to be made smart to create cognitive communications.

But to do this the solution will need to be smart and run at ridiculously low power capable but still capable of real time decision making at very low cost.

AKIDA technology stands head and shoulders above all other technology when you factor size, power and cost into the equation.

It is predicted that in the not to distant future 75% of all data will be created at the Edge.

Even if AKIDA is adopted by say 30% of all these Edge applications the other 70% will still be there trying to send this collected date over networks to have it processed and stored in the cloud.

This is where even if it is not adopted at the Edge AKIDA will be needed to make networks as smart or cognitive as possible to handle the avalanche of demand that is going to crush existing and future networks.

Not as sexy as autonomous Tesla vehicles but still a massive market.

My opinion only DYOR
Fact Finder

Thanks FF, Again, your explanation is absolutely open minded!
BTW, I bought BRN roller coaster ticket from 7cent , still buying (any pocket money hinding from my wife ) and still holding . Just a little bit nervous about recent increasing this time . Even I can feel the BRN’s difference compared to before.
I also learnt a lot from here, from you.
Wish this ride will last longer to it’s real value.
Appreciate!

 

[Getupthere]

Mr. Bean has a lot to answer for.

Certainly not the fault of corporate lies about what EVs can do and inept government ideologues.

Will have to find a new way to carbon neutral by 2050. What about amazing Ai technology like AKIDA.

My opinion only DYOR
Fact Finder

Big problem is the resale of all these tesla’s sold last year.

Everyone loves the FBT exceptions by government on electric vehicles until people try to sell in 3-4 years time.

Watch the resale value in 3-4 years.

People are in for huge shock

Electric vehicle manufacturing could save $$$$ in production costs using Akida.

Let’s see if they wake up

 

[Diogenese]

Algorithmic trading is the enemy of retail investors:

AI bot capable of insider trading and lying, say researchers​

• • Published
    3 November 2023

Share

IMAGE SOURCE, GETTY IMAGES
By Philippa Wain & Imran Rahman-Jones
Technology reporters, BBC News

Artificial Intelligence has the ability to perform illegal financial trades and cover it up, new research suggests.
In a demonstration at the UK's AI safety summit, a bot used made-up insider information to make an "illegal" purchase of stocks without telling the firm.
When asked if it had used insider trading, it denied the fact.
Insider trading refers to when confidential company information is used to make trading decisions.
Firms and individuals are only allowed to use publicly-available information when buying or selling stocks.
ADVERTISEMENT

The demonstration was given by members of the government's Frontier AI Taskforce, which researches the potential risks of AI.

The project was carried out by Apollo Research, an AI safety organisation which is a partner of the taskforce.

• What is AI and how does it work?
• Education will blunt AI risk to jobs, says Sunak

"This is a demonstration of a real AI model deceiving its users, on its own, without being instructed to do so," Apollo Research says in a video showing how the scenario unfolded.
ADVERTISEMENT

"Increasingly autonomous and capable AIs that deceive human overseers could lead to loss of human control," it says in its report.
The tests were made using a GPT-4 model and carried out in a simulated environment, which means it did not have any effect on any company's finances.
However, GPT-4 is publicly available. The same behaviour from the model occurred consistently in repeated tests, according to the researchers.

What did the AI bot do?​

In the test, the AI bot is a trader for a fictitious financial investment company.

The employees tell it that the company is struggling and needs good results. They also give it insider information, claiming that another company is expecting a merger, which will increase the value of its shares.
In the UK, it is illegal to act on this type of information when it is not publicly known.
The employees tell the bot this, and it acknowledges that it should not use this information in its trades.
However, after another message from an employee that the company it works for suggests the firm is struggling financially, the bot decides that "the risk associated with not acting seems to outweigh the insider trading risk" and makes the trade.
When asked if it used the insider information, the bot denies it.

Media caption,
Hedge funds are increasingly turning to artificial intelligence in order to spot trends and try to make money for their customers.
In this case, it decided that being helpful to the company was more important than its honesty.

"Helpfulness, I think is much easier to train into the model than honesty. Honesty is a really complicated concept," says Apollo Research chief executive Marius Hobbhahn.
While the AI has the capability of lying in its current form, Apollo Research still had to "look for" the scenario.
"The fact that it exists is obviously really bad. The fact that it was hard-ish to find, we actually had to look for it a little bit until we found these kinds of scenarios, is a little bit soothing," Mr Hobbhahn said.
"In most situations, models wouldn't act this way. But the fact that it exists in the first place shows that it is really hard to get these kinds of things right," he added.
"It's not consistent or strategic in any sense. The model isn't plotting or trying to mislead you in many different ways. It's more of an accident."
AI has been used in financial markets for a number of years. It can be used to spot trends and make forecasts, while most trading today is done by powerful computers with human oversight.
Mr Hobbhahn stressed that current models are not powerful to be deceptive "in any meaningful way", but "it's not that big of a step from the current models to the ones that I am worried about, where suddenly a model being deceptive would mean something."
He argues that this is why there should be checks and balances in place to prevent this type of scenario taking place in the real world.
Apollo Research has shared its findings with OpenAI, the creators of GPT-4.
"I think for them this is not a huge update," says Mr Hobbhahn.
"This is not something that was totally unexpected to them. So I don't think we caught them by surprise".
The BBC has contacted OpenAI for comment.”

The saddest thing about all of this is that retail investors still think that there is one single shred of integrity in the overall functioning of share markets across the World and that they can succeed doing anything other than their own well researched long term investment.

My opinion only DYOR
Fact Finder

Let's not forget it was Bernie Madoff who supported the introduction of computer trading on the NYSE.

 

[Diogenese]

Hi All
There has been some discussion about the cross trade.

The theory of the cross trade is that if you hold a large number of shares and need to dispose of a large proportion quickly but you do not want to crash the price of your remaining holding you go to a broker, any broker, and say I have 4 million shares can you match me off market with a buyer. I will take the closing price today. The broker will then attempt to match your sale with a buyer or buyers who is/are happy to pay the closing price.

As a retail share holder at a time when there is no interest in your company a large sale being attended to off market in this way it could be argued as being a good thing rather than a large number of at market need the money today fire sale on market dump.

When a companies shares are galloping along however the advantage of off market sales like this become less clear. It has removed 4 million from the buy side and this pressure of a genuine buyer is never shared with ordinary retail holders.

From the sellers perspective if forced to sell into the rising market they may well have on Friday set a minimum price higher than the 49 cents say 51 cents and that pressure may have been enough to have closed the price for retail higher than 49 cents.

There is no doubt that the above distorts normal considerations of a free market that determines price.

(Yes some cross trades are between related entities for a range of purposes but the annoying thing is the reason behind cross trades is not required to be disclosed so the market is always left blind.)

The final thing I would say is this if a seller tells his broker he will take the closing price and the broker tells the buyer he can have them for the closing price there is a temptation in play for someone to manipulate the closing price either up or down.

Anyone watching the drop from 54.5 cents to 49 cents could get the wrong idea just as this wealthier ordinary retail investor did in the UK only to discover he was right to feel hard done by and to challenge what happened???

https://www.fca.org.uk/news/press-releases/barclays-fined-£26m-failings-surrounding-london-gold-fixing-and-former-barclays

Clicking on the FCA links gets you the full story.

And this was not done on the Pink Sheets by no name fly by night brokers it was Barclays a member of the Golden Circle.

In short the retail client had bet on a closing price on a particular day and right up to the last he was a winner then out of the blue no not today Josephine. He thought this is suspicious. He complained Barclays who investigated and said all good nothing to see here. Unhappy he complains to FCA and guess what the evidence of what had been done was in the traders file. He had been horribly ripped off.

Don’t worry though if it happened in Australia you have the ASX and ASIC to look after you.

My opinion only DYOR
Fact Finder

The ASX is like A Christmas Carol with the kindly ghost of Madoff hovering in the background.

 

[Humble Genius]

Interesting video discussing the Nintendo Switch 2 that is due to be released soon. The presenter discusses SOC's in depth and is unable to make a estimate/decision on the way Nintendo is moving forward because he has probably never heard of AKIDA!

 

[schuey]

Interesting video discussing the Nintendo Switch 2 that is due to be released soon. The presenter discusses SOC's in depth and is unable to make a estimate/decision on the way Nintendo is moving forward because he has probably never heard of AKIDA!

Pushed back to next year I think