Singularity Bank

Artificial intelligence is driving the next revolution in banking, with disruptive forces presenting profound challenges to traditional business models. As the adoption of new technologies, and innovation of even newer ones, accelerates, are we fast approaching a future in which banks no longer have a need for assets or, indeed, for humans? Is there a future in which bankers themselves, if not banks, disappear altogether? Are we approaching a “singularity moment,” in which advances in artificial intelligence trigger rapid and uncontrollable technological growth, leading to incalculable changes to society and, indeed, our very humanity? Would this empower us, or would it seize control of our very destiny? In practice, as it relates to banking, we may be facing not just a single, but multiple moments of singularity. This book examines the ways in which advances in artificial intelligence could become industrializable across each of the main value chains of the international banking system.

Global cities are facing an almost unprecedented challenge of change. As they re-emerge from the Covid 19 pandemic and get ready to face climate change and other, potentially existential threats, they need to look for new ways to support wealth and wellbeing creation – leveraging Big Data and AI and suing them into their physical reality and to become greener, more inclusive and resilient, hence sustainable. This book describes how new digital technologies could be used to design digital and physical twins of cities that are able to feed into each other to optimize their working and ability to create new wealth and wellbeing. The book also describes how to increase cities’ social and economic resilience during crisis time and addressing their almost fatal weaknesses – as it became all too obvious during the recent COVID 19 crisis. Also, the book presents a framework for a critical discussion of the concept of “smart-city”, suggesting its development into a “cyber” and “meta” one – meaning, not only digital systems can allow physical ones (e.g. cities, citizens, households and companies) to become “smarter”, but also the vice versa is true, as off line data and real life behaviours can support the optimization and development of virtual brains as a sum of big data and artificial intelligence apps all sitting “over the cloud”. An analysis of the fundamental dynamics of this emerging “info-telligence” economy, and of the potential role of big digital players like Amazon, Google and Facebook is then paving the way to discuss a few strategic forays on how traditional sectors such as financial services, real estate, TMT or health could also evolve, leveraging Big Data and AI in a cyber-physical integrated setting. Finally, a number of thought provoking use cases that could be designed around individuals, and to improve the success and the resilience of households and companies living and working in urban areas are discussed, as an example of one of the most exciting future markets to come: the one of global, sustainable cities

The debut novel from a exciting new voice in SF—about what happens after ninety percent of humanity leaves Earth There is an artificial ring around the Earth and it is empty after the Singularity. Either all the millions of inhabitants are dead, or they have been transformed into energy beings beyond human perception. Earth's population was reduced by ninety percent. Human civilization on Earth is now recovering from this trauma and even has a vigorous space program. Apollo Papadopulos is in training to become the captain of the starship Consensus. Apollo is a unique individual in that he/she/it is not an individual at all, but five separate teenagers who form a new entity. Strom, Meda, Quant, Manuel, and Moira are a pod, as these kinds of personalities are called, genetically engineered to work as one and to be able to communicate non-verbally. As a rare quintet, much relies on the successful training of Apollo, but as more accidents occur, the pod members struggle just to survive. At the Publisher's request, this title is being sold without Digital Rights Management Software (DRM) applied.

The idea that each country should have one currency is so deeply rooted in people’s minds that the possibility of multiple and concurrent currencies seems unthinkable. Monetary systems contribute to problems of high unemployment and social distress during financial and economic crisis, so reforms to increase the responsiveness and flexibility of the monetary system can be part of the solution. This book discusses ‘monetary plurality’, which is the circulation of several currencies at the same time and space. It addresses how multiple currency circuits work together and transform socio-economic systems, particularly by supporting economies at the local level of regions and cities. The book shows that monetary plurality has been ubiquitous throughout history and persists at present because the existence of several currency circuits facilitates small-scale production and trade in a way that no single currency can accomplish on its own. Monetary plurality can improve resilience, access to livelihoods and economic sustainability. At the same time, it introduces new risks in terms of economic governance, so it needs to be properly understood. The book analyses experiences of monetary plurality in Europe, Japan, and North and South America, written by researchers from East and West and from the global North and South. Replete with case studies, this book will prove a valuable addition to any student or practitioner’s bookshelf.

This highly original book aims to broaden the discussion about risk, the management of risk and regulation, especially in the financial industry. By using terms of the philosopher Jacques Derrida, Peter Pelzer employs philosophical concepts to enrich the understanding of what risk is about and what is necessarily excluded in contemporary risk management.

EvoWorkshops 2006, of which this volume contains the proceedings, was held in Budapest, Hungary, on April 10–12, 2006, jointly with EuroGP 2006 and EvoCOP 2006.