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www.economistdiary.vom Is English Language Modelling intelligent enough to sustain our human species? Great are 1990s Valley startups eg nvidia, musk's and googles exponentially linking much of whats humanly possible with machines engineered billion times mo(o)re maths brainpower than individuall human minds. But 1943 UK future shocks to.o. Geoffrey Crowther Economist Ed started debate keynes: were engineers deeper than economists in locking in futures next gens connect?. 1943 also saw dad norma cambridge studies interrupted serving last days as teen navigator allied bomber command burma. Surviving joyfully hired 1948 by Crowther to mediate engineers like Neumann Einstein Turing & Economist purpose. 3 generations apart, imost unfortunate Neumann-Einstein-Turing all left earth by early 1957: last coding notes Neumann's Computer and the Brain. Economist IQuiz disliked by EU but what to do with billion times more machine brainpower celebrated by Kennedy, & the royal families of UK & Japan. Whence not surprising greatest UK AI startups deep mind & arm influenced by royal societies & Cambridge business park ( crown property) & crick/watson open sources of dna, & cavendish lab 1920s influencing Taiwan's tech grandfather. see part 2 2025report 40 years in inteligence war between bad media and good education agents Countries with good data sovereignty projects rsvp chris.macrae@yahoo.co.uk UK Japan Taiwan India France Saudi UAE Korea S Singapore HK US 1 2

Tuesday, January 31, 2017

Alibaba’s Ant Financial Aims for 2 billion Users by Bringing Blockchain Technology to Alipay

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Alibaba’s payment arm Ant Financial wants to have 2 billion customers in 10 years according to the chief executive of the $60 billion firm. Ant Financial runs the Alipay mobile wallet in China which has over 450 million users.
In an interview with CNBC, Eric Jing, the CEO of Ant Financial, added that the Chinese giant is exploring further uses of Blockchain technology to make that possible. 
“WE HAVE AN AMBITION TO BE A GLOBAL COMPANY,” JING TOLD CNBC AT THE WORLD ECONOMIC FORUM IN DAVOS.
“SO MY VISION (IS) THAT WE WANT TO SERVE 2 BILLION PEOPLE IN THE NEXT 10 YEARS BY USING TECHNOLOGY, BY WORKING TOGETHER WITH PARTNERS … TO SERVE THOSE UNDERSERVED.”
Jing noted the potential of artificial intelligence and Blockchain.
 
When asked by CNBC if Ant Financial is looking into blockchain technologies to underpin Alipay, Jing said “definitely”.
“ALL THESE TECHNOLOGIES WILL BE USED … TO BRING MORE, A HIGH LEVEL OF SECURITY,” JING EXPLAINED, ADDING THAT ARTIFICIAL INTELLIGENCE AND BLOCKCHAIN WILL BE “DEEPLY” INTEGRATED INTO ANT FINANCIAL’S OPERATIONS.
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Ant Financial has already introduced Blockchain technology into a charitable donation service that it owns, with the aim of allowing users to track the money they send in a more charitable way.
To push growth the company raised a whopping $4.5 billion in a series B funding round last year which will help drive deals such as its acquisition of a 40% stake in India’s Paytm.

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