Spatial Arbitrage – Louth Online http://louthonline.com/ Sun, 26 Sep 2021 10:58:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://louthonline.com/wp-content/uploads/2021/03/louthonline-icon-70x70.png Spatial Arbitrage – Louth Online http://louthonline.com/ 32 32 What is spatial arbitration? http://louthonline.com/what-is-spatial-arbitration/ http://louthonline.com/what-is-spatial-arbitration/#respond Wed, 08 Sep 2021 06:39:00 +0000 http://louthonline.com/what-is-spatial-arbitration/

The main objective of every investor in the financial market is to obtain a significant return on their investment. Stocks, bonds, commodities, derivatives, etc. are among the asset classes that investors use to trade, diversify and hedge. However, there are various trading techniques to use the profit margin to its maximum. One such technique is spatial arbitration.

But to understand spatial arbitration, it’s important to learn about arbitration in general.

What is arbitration?
Various assets are traded in high volume on different exchanges in India. However, due to market inefficiencies and differential supply, the price of asset classes may vary from platform to platform. For example, you may have noticed that the shares of a particular company have a different price on the National Stock Exchange and the Bombay Stock Exchange. When this happens, investors see the potential for profit.

Arbitrage is the simultaneous buying and selling of one of the securities, such as stocks, commodities, bonds, currencies, etc., in different markets to take advantage of the price difference. These investors, called arbitrageurs, look for the price difference and buy the security in one lower-priced market and sell it in another high-priced market.

There are different types of arbitration, such as merger arbitration, regulatory arbitration, etc. Spatial arbitration is one of the most widely used types.

What is spatial arbitration?
This is when an arbitrageur uses geographic factors to buy an asset from one area and sell it in a different location at a higher price. For example, if crude oil prices are low in Delhi, an arbitrageur can buy it there and sell it to a place like Chennai if crude oil prices are higher there.

What are the three conditions of arbitration?
Arbitration is possible under the following three conditions:

  • The assets must be the same, which trade in different markets. If the asset does not trade in both markets, arbitrage is not possible.
  • Assets that trade in different markets should have the same cash flow. For example, if a bond is worth Rs 10,000 in one market and Rs 9,500 in another but pays the same 5% interest, there is an opportunity for arbitrage.
  • If an asset is trading at a discount to a predetermined future price from its risk-free interest rate, there is an opportunity for arbitrage. For example, if a company is to be acquired at Rs 15 per share at a future date, but its shares are trading at Rs 10 today, arbitrage is possible in such a situation.

What are the arbitrage strategies?

Here are some of the arbitrage strategies you can use to make sure you are making a profit:

  • Consult with an experienced financial advisor such as IIFL to understand the process, legality and taxation of arbitration.
  • Learn and understand each type of officiating before choosing your preferred technique.
  • Do thorough research before buying an asset and keep a potential buyer ready in advance to sell the asset.
  • It is wise not to buy multiple assets simultaneously and only buy one after selling the previous one.

Arbitrage and its types have the power to increase your profits and diversity within your chosen asset class. Since the market always exhibits some type of inefficiency, you can find and buy cheap assets and sell where the prices are high. However, it is always wise to limit your exposure to risk and make sure you buy assets wisely.

Faq
Q.1: Understanding spatial arbitration
Reply :
Spatial arbitrage takes into account geological factors when investors buy assets where they are cheap and sell where prices are high. In this way, investors make a profit because of the price difference.


Source link

]]>
http://louthonline.com/what-is-spatial-arbitration/feed/ 0
Refurbished cellphones fly off shelves amid pandemic, Telecom News, ET Telecom http://louthonline.com/refurbished-cellphones-fly-off-shelves-amid-pandemic-telecom-news-et-telecom/ http://louthonline.com/refurbished-cellphones-fly-off-shelves-amid-pandemic-telecom-news-et-telecom/#respond Mon, 30 Aug 2021 02:45:00 +0000 http://louthonline.com/refurbished-cellphones-fly-off-shelves-amid-pandemic-telecom-news-et-telecom/

MUMBAI: Delayed availability of new handsets and laptops due to supply chain constraints and declining available cash due to the pandemic has pushed local demand for refurbished phones to new heights, market trackers estimating that sales of these devices would roughly double in 2021, compared to 2019.

Jayant Jha, co-founder and CEO of web marketplace Yaantra, told ET that refurbished phones in the Rs 4,000 to Rs 6,000 range are “replenished in less than 30 minutes.”

“The rise of refurbished smartphones is higher than that of laptops and over the past year the reliance on handsets has multiplied. We aim to reach 750 cities in the 12 to 12 months. Next 18 months from 450 now, ”said Jha, who runs the site online. platform that repairs and sells handsets.

Refurbished smartphones are handsets owned by someone else and have subsequently been restored and sold to working condition by a reseller. Like a new phone, these also come with warranty and payment options. Typically, a refurbished phone is 15-20% cheaper than its original, depending on the brand and condition.

While the pandemic has propelled smartphone sales with students and India Inc. based on handsets like never before, logistics issues like port closures and chip shortages are leading many customers to buy refurbished phones rather than to wait for a new device launch or even a more expensive laptop.

Research firm IDC said consumers no longer opt for a laptop worth Rs 30,000 or a tablet priced at Rs 10,000 to 15,000.

“The handsets have more ease of use, more functionality,” said Navkendar Singh, research director, IDC.

According to IDC estimates, compared to 20 to 30 million refurbished mobiles sold in 2019, around 40 to 48 million units are expected to be sold in 2021. It is important to note that most of this market is unorganized. and that the actual numbers could be higher. , say the experts.

The demand for refurbished phones is booming in Tier 2 and Tier 3 cities like Davangere, Mysore in Karnataka, Ludhiana (Punjab), Gorakhpur (UP), Rampur (UP) and Bhilai (MP).

Apple’s iPhone demand in Tier 1 cities is 34% while the four Chinese brands contribute 63% of total smartphone demand, according to the results.

Retailers say an ambitious label is attached to high-end phones from Apple, Samsung and OnePlus. Customers want to buy their refurbished models at much lower prices than the original.

In a recent study by OLX, a consumer-to-consumer market, the iPhone has become the smartphone of choice. Xiaomi, Samsung, Vivo, Oppo, Realme, and OnePlus were other favorite brands.

“All of these brands together account for 90% of total demand on OLX, with Apple iPhone making up a third,” the online marketplace said.

Chandu Reddy, director of handset retailer Sangeetha Mobile, said the company aims to further diversify into the refurbished handset market, get more products and payment options keeping in mind the demands of customers. consumers.

Yaantra said it would previously offer straightforward EMI options, but the company now has links to non-bank financial companies (NBFCs), refund offers and more options to make payment terms even more affordable. .

With China’s closure or imposition of restrictions at airports and ports due to covid infections among workers, freight costs have risen 40-50% – after nearly doubling in the past three months – which will cause cell phone prices to increase in the future.


Source link

]]>
http://louthonline.com/refurbished-cellphones-fly-off-shelves-amid-pandemic-telecom-news-et-telecom/feed/ 0
OBC reservation: the real OBCs please stand up: the undeserving castes oust the real ones upside down http://louthonline.com/obc-reservation-the-real-obcs-please-stand-up-the-undeserving-castes-oust-the-real-ones-upside-down/ http://louthonline.com/obc-reservation-the-real-obcs-please-stand-up-the-undeserving-castes-oust-the-real-ones-upside-down/#respond Thu, 19 Aug 2021 07:00:00 +0000 http://louthonline.com/obc-reservation-the-real-obcs-please-stand-up-the-undeserving-castes-oust-the-real-ones-upside-down/

The truly backward castes of India must beware. The upper castes have crept into the Central and State Other Backward Class (OBC) lists and enjoy the benefits of reservation that were supposed to uplift the economically and socially backward classes. The reservation, as the term suggests, is a quota. The more unworthy ascending castes join the OBC list, the less will be left for those who are truly backward.

The scandalous invasion of the upper castes in the OBC lists did not happen overnight. It probably started with the VP Singh government’s implementation of the Mandal Commission’s recommendation to reserve 27% of public sector jobs for CBOs.

Called then, Called now

In the state OBC list for reservation in Karnataka, for example, there are several economically backward castes among the Brahmins, including the Goud Saraswat Brahmins. My late mother used to describe the Brahmins of Saraswat, of which the Goud Saraswat are a part, as so high in the hierarchy that they themselves were worthy of worship. Other well-ranked categories include Saurashtra Brahmins in the state OBC lists in Tamil Nadu and Kerala.

The caste system granted the Brahmins the privileges of a relatively easy life. Their occupation was mainly to read religious texts and perform religious services. In return, they received food, clothing, gifts, and shelter to live in or near the temple. Why, how and when they became socially and educationally backward, the Mandal Commission’s criterion for CBOs, is really a puzzle.

In the state, the OBC lists are Rajputs (Lodhi Rajputs in Uttarakhand, Kashyap Rajputs in Punjab). ‘Rajput’ means son of the king. As a caste, the Rajputs have ruled various parts of India for centuries. In the caste hierarchy, as warriors and rulers, they have always held the highest position. How can a ruling caste be called “backward”?

The proud descendants of Chhatrapati Shivaji, the valiant Marathas, are waiting to return to the OBC list of Maharashtra. In the state OBC lists, we find the dominant landowner castes of Patels (Rajasthan) and Jats (Rajasthan, Bihar, Gujarat, Haryana, Himachal Pradesh, Delhi-NCR, Uttar Pradesh and Uttarakhand). Once upon a time when the zamindari flourished, many landowner casts could be considered “backward”. But land reforms have turned them into the dominant landowner castes across India, which cannot be called “backward”. They are almost feudal rulers in rural areas.

The irony is greater for the lower castes – not just the Marathas but even the Dalits – who overcame the historical backwardness by becoming warriors, and therefore even kings and emperors like the Scindias and Gaekwads. Who dared to categorize those castes that occupied the creamy layer of the warrior class as OBCs? In the past, these proud warriors cut off the heads of those who even dreamed of crossing their path without bowing to show respect.

Brahmins, Kshatriyas, and land castes are the reason so many caste groups were backward in the first place. It is the social order and practices that these upper castes established and dictated that wrested opportunities from genuine CBOs and relegated them to a life trapped in their humble occupations. They were forbidden to cross the social, economic, professional and even spatial borders determined by the high castes.

Being born into a lower caste was once a stigma that a few even tried to overcome by adopting upper caste surnames. But, in modern India, many are asking to be called “backward” in order to benefit from reservation quotas. They continue to enjoy the privileges of the upper castes in the social sphere and enjoy the advantages of the reserve in the economic sphere.

Now you get my Gotra

On August 10, both houses of parliament unanimously passed the 127th amendment to the bill which restored to states the right to determine their CBO list for reservation benefits. This will open the proverbial box of high caste worms scrambling to enter the OBC list. Politicians will oblige in exchange for votes.

There is a case for state-level lists because a caste backward in one state may not be backward in another. But we need independent state institutions, not those under the influence of politicians to determine these lists. Also, as the Supreme Court ruled, creamy layers should be ruled out.

As such, the enumeration of castes has become extremely complicated. The 1901 census indicated that there were 1,646 castes in India. In the 1931 census, the number increased 2.5 times to 4,147 castes. If that sounds like an incredible increase in the number of castes, be prepared for the 1,000-fold increase since 1931.

The last, and the first since independence, the Caste Survey – Socio-Economic and Caste Census (SECC) – was conducted in 2011. The census received 4.6 million categories of castes, sub-castes, different surnames, gotras in caste and clan names. . Ten years have passed since the census. Yet all we know is that there were some 82 million errors in caste detail reported in the census. State governments have corrected 67 million mistakes, but 15 million remain. We do not know how government officials classified certain caste peculiarities as “errors” and how they were “rectified”.

Also on August 10, finally, the Center qualified the 2011 census as incorrect and out of date. The opposition, including Congress, whose government conducted the 2011 census, is dismayed. For example, the current government has promised to carry out another caste census once the decennial census is completed. The GoI must in fact ask itself: why do we need a caste census? Surely, not to collect millions of names of castes, sub-castes, gotras and clans. And, if we need a caste census, can it be conducted without errors or reporting bias, and how?


Source link

]]>
http://louthonline.com/obc-reservation-the-real-obcs-please-stand-up-the-undeserving-castes-oust-the-real-ones-upside-down/feed/ 0
How to Never Miss a Great Deal Again: Lessons on Informed Purchasing http://louthonline.com/how-to-never-miss-a-great-deal-again-lessons-on-informed-purchasing/ http://louthonline.com/how-to-never-miss-a-great-deal-again-lessons-on-informed-purchasing/#respond Sat, 07 Aug 2021 07:00:00 +0000 http://louthonline.com/how-to-never-miss-a-great-deal-again-lessons-on-informed-purchasing/

During this current sale season, we found a great pair of discounted shoes in the Nike showroom in Pacific Mall in West Delhi. Our friend, after skipping that shopping spree, was now motivated to take a similar flight near her home in South Delhi. Much to her dismay, no Nike store in malls offered discounts.

In exchanging our experiences, we wondered if the same product was available at two separate prices in Delhi, so why didn’t the traders exploit this arbitrage opportunity i.e. buy the Nike shoes at low price at Pacific Mall and sell them for a higher price (but cheaper than the mall price) in any mall in South Delhi? Economic theory predicts that over time more such traders should emerge, which should eliminate arbitrage profits and result in equal prices in all locations for the same product. This is called the Law of One Price (LOOP) which states that under the assumption of frictionless markets and equal production costs, the price of an identical good will be the same across the world. In this article, we explore and explain why LOOP does not apply here, given the possibility of arbitration.

Economists call this price model spatial price dispersion (SPD) where an identical product (Nike shoes) is offered at different prices in several stores simultaneously (two locations in Delhi). Two well-known economists, Salop and Stiglitz, explain that the SPD exists because of the presence of two types of consumers: informed ”and“ uninformed ”consumers (those who know and do not know the distribution and trends of the prices offered, respectively). Therefore, the “informed” customer (think of price-conscious bargain hunters) always goes to the store at a low price, while the “uninformed” customer (think of spendthrift brands) prefers to shop in the store. more convenient places.

In our context, the SPD for Nike shoes at both sites exists because affluent South Delhi residents may be less “informed” than profitable Pacific Mall shoppers. For example, an advertisement that says “fill in your details for a special discount at the Pacific Mall” is more likely to result in higher demand for the discounted products among “informed” consumers while going completely unnoticed. among leisurely high-end buyers. Over time, stores learn that “uninformed” or affluent shoppers are less willing to go the extra mile to be fully informed and realize the willingness of “uninformed” consumers to pay a higher price. This distinct nature of consumer sets allows stores to charge differential retail prices.

If SPD can explain the existence of differential retail prices, then why is no merchant exploiting the opportunity to arbitrate Nike shoes in Delhi stores? Indeed, the existence of the SPD requires an important precondition: the brand must have a reputation and influence in its market. The strong value of the Nike brand undermines any arbitrage opportunity. For example, suppose there is a salesperson who buys shoes from the Pacific Mall and sets up a stall outside the South Delhi Mall to sell them. Since the seller is not recognized as a Nike franchise, they will not be able to reliably authenticate the product. A more attentive reader may argue that the seller can produce a purchase receipt but its authenticity will always be questionable, especially in the presence of a large counterfeit market. Any consumer will be wary of a salesperson who claims to sell Nike shoes for a lower price than the store inside the mall. Therefore, this precondition hinders the opportunity for arbitration and cancels the LOOP.

Reading this, people in South Delhi might be inclined to seek the lowest prices outside of their locality. But unfortunately! If only it was that easy. This would result in a heavy research costs ”. Perhaps residents should fall back on their favorite and most popular shopping destination – Sarojini Nagar (SN), a counterfeit and factory reject market. At SN, shoppers can experience a no-regret shopping spree with prices lower than any mall, while still allowing our dear shoppers to brag about their bargaining skills.

(Payal Seth is a consultant at the Tata-Cornell Institute, Cornell University, USA. Abhishek Ananth is a post-doctoral researcher at the University of Geneva, Switzerland. The opinions expressed in this article are personal and do not necessarily reflect those of Outlook. Magazine).


For in-depth, objective and above all balanced journalism, Click here Subscribe to Outlook Magazine



Source link

]]>
http://louthonline.com/how-to-never-miss-a-great-deal-again-lessons-on-informed-purchasing/feed/ 0
Warner Music Profits and the Future of the Industry http://louthonline.com/warner-music-profits-and-the-future-of-the-industry/ http://louthonline.com/warner-music-profits-and-the-future-of-the-industry/#respond Thu, 05 Aug 2021 07:00:00 +0000 http://louthonline.com/warner-music-profits-and-the-future-of-the-industry/

“Tens of thousands of songs are uploaded to streaming services around the world every day,” Cooper said. A label like Warner, he said, helps artists “separate their music and their careers from all the noise.”

As for Warner’s finances, looking at revenue for the past 12 months, which removes the one-quarter effect, Warner improved 13.2%. Physical sales returned to normal, dropping from $ 51 million in a pandemic-stricken quarter a year earlier to $ 130 million; the quarter included Record Store Day on June 12, which saw one-week vinyl sales in the United States, according to MRC Data (earnings for the next quarter will benefit from Record Store Day on July 22, the second highest ever recorded). Streaming revenue growth was adequate at 22.5% for recorded music, close to Universal Music Group’s 23.8% improvement – but well behind Sony Music’s 60.3% streaming gain ( recorded music and publishing) which boosted its total revenue by 54% (although you have to factor in that Sony’s previous year’s quarter was weak).

Warner Music’s stock price rose 1% to $ 37.35 on Tuesday, but fell 2.7% to $ 36.36 on Wednesday, giving it an enterprise value of $ 22.3 billion. dollars.


Source link

]]>
http://louthonline.com/warner-music-profits-and-the-future-of-the-industry/feed/ 0
The southwest monsoon will be normal in August-September, according to IMD http://louthonline.com/the-southwest-monsoon-will-be-normal-in-august-september-according-to-imd/ http://louthonline.com/the-southwest-monsoon-will-be-normal-in-august-september-according-to-imd/#respond Mon, 02 Aug 2021 07:00:00 +0000 http://louthonline.com/the-southwest-monsoon-will-be-normal-in-august-september-according-to-imd/

The rainy season from June to September is critical for agricultural production and the country’s economic growth as it battles the world’s worst Covid-19 outbreak. The disease has spread to rural areas, where about 70% of India’s more than 130 million people live. Agriculture represents 18% of the Indian economy.

Along with the increase in rainfall, the regional distribution has also improved, said Rahul Bajoria, chief economist at Barclays. Cumulated precipitation up to July 25 is now broadly around normal levels, with a deficit of just 1.5% of the long-term average, he said.

The spatial distribution, according to IMD, suggests that below normal to normal precipitation is likely over many parts of central India and parts of northwest India. Normal to above normal precipitation is very likely over most parts of Peninsular India and North East India.

Aditi Nayar, chief economist at ICRA, said based on IMD’s latest forecast, the 2021 monsoon looks set to exceed the long-term average. But the distribution of precipitation has been quite uneven this year. Episodes of flooding, as well as a year-over-year decline in the area of ​​kharif, suggest that the increase in agricultural production should be moderate, she said.

Coverage of the Kharif area, according to data from the Ministry of Agriculture and Farmers’ Welfare, contracted 4.7% to 848.15 lakh hectares through July 30. But, according to QuantEco Research, it is almost comparable to the historic normal area sown up to week four. July.

According to ICRA estimates, the growth of gross value added in agriculture, forestry and fisheries is estimated at 2% each in the second, third and fourth quarters of fiscal year 22. Agricultural demand could however remain constrained by the modest increase in minimum support prices and the expectation of a solid and continuous supply, Nayar said.

A good monsoon will also help control retail price inflation. A normal southwest monsoon, along with comfortable buffer stocks, should help control pressures on grain prices, the Monetary Policy Committee said in its June resolution.

The performance and distribution of the monsoon for the remainder of the season, QuantEco Research said in a report, will also help determine the pace of rural recovery.

Considering the rise in agricultural prices, especially of oilseeds and pulses, good Kharif production can translate into higher farm incomes, in addition to the support of the income transfer program of Prime Minister Kisan’s government as well as strong impetus on the supply of food grains observed in recent years. agricultural seasons. Agricultural exports have also held up well, allowing a more sustainable recovery in consumption in rural India, he said.


Source link

]]>
http://louthonline.com/the-southwest-monsoon-will-be-normal-in-august-september-according-to-imd/feed/ 0
MoU Assam-Nagaland: How to Avoid Another Violent Incident at the Border http://louthonline.com/mou-assam-nagaland-how-to-avoid-another-violent-incident-at-the-border/ http://louthonline.com/mou-assam-nagaland-how-to-avoid-another-violent-incident-at-the-border/#respond Mon, 02 Aug 2021 07:00:00 +0000 http://louthonline.com/mou-assam-nagaland-how-to-avoid-another-violent-incident-at-the-border/

As the aftermath of the violent clashes at the Assam-Mizoram border on July 26 in the Lailapur-Vairengte sector continued – and in particular the transfer of the conflict to cyberspace – Assam and Nagaland signed a memorandum of understanding on July 31 to withdraw their respective forces from the Dessoi valley reserve forest to their base camps. The movement is significant.

If a resolution for the 512 km long Assam-Nagaland border can be reached at least in spirit, then a resolution for the 165 km Assam-Mizoram border – or, for that matter, for the 884 km long Assam -Meghalaya and 801 those in Assam-Arunachal Pradesh, one kilometer long, could also be sincerely wanted.

These border disputes arose due to past disputes, when technology to accurately measure vast areas was not possible. As a result, the case was left lying around and even manipulated. Over time, encroachments on forest reserve lands and expansion of housing have increased pressure points in various places, a few of which have become flash points.

It is important to note that in this resolution for the Assam-Nagaland border, the use of unmanned aerial vehicles (UAVs) and satellite imagery has been mentioned in the MoU for surveillance purposes so that the status quo quo is maintained. However, these two technologies can go further in the search for a lasting solution to the thorny border problems between the northeastern states.

Home Secretary Amit Shah said this in January at the Northeast Council (NEC) meeting, where he suggested the use of satellite imagery technology from the Space Applications Center. du Nord-Est (Nesac), a joint venture between GoI’s Space Department and NEC. Nesac has started providing geographic information system (GIS) and remote sensing for various activities in the eight northeastern states in natural resource and disaster management. He recently released the North Eastern Spatial Data Repository (NeSDR), with 950 datasets that will help states deal with encroachment. Obviously, this can go a long way in helping states resolve their border disputes.

The use of technology for interstate borders will have to be based on two premises: first, to scientifically demarcate the borders; and second, manage agreed boundaries and prevent encroachment, maintain buffer zones where they are created and prevent habitat construction and destructive cultivation on classified forests. In addition to satellite imagery, which is characterized by its latency and medium-resolution images, communications management enables real-time, high-resolution images of targets to be obtained.

Today, fixed and mobile CCTV systems, range finders, thermal imaging devices, ground sensors and radio frequency sensors are readily available to meet these requirements. Boundary demarcation on satellite imagery based on latitudinal and longitudinal positions on existing cartographic maps should be respected, as agreed by States at the time of their formation. Once this is done, the next steps in maintaining the sanctity of this will be based on communicating technology on terrains that are not necessarily the easiest to move. CCTV with resolutions below 0.3m via drones can capture precise streams.

The fact remains that if the technology remains available, it must be used in a shared way so that the surveillance of each other does not end up becoming another problem to be solved. During the last skirmish in Lailapur-Vairengte, drones from the Assam and Mizoram police forces were seen flying over their respective territories. In a few states, various student associations and civil organizations have set up non-police checkpoints to screen traveling passengers who often lead to harassment. This is being intentionally ignored by state governments for political reasons and reached its peak during lockdowns and restrictions related to Covid-19. Clearly, these states – with the northeast being vulnerable to a spike in Covid cases – need to be responsible and prevent such situations.

The northeastern region of India has benefited from greater engagement and attention during the time of the current central government than before. An effort has now been made to use technology for better reach and better governance. As secular perceptions of the region change with better law and order, the last thing anyone wants to see is interstate conflict where police and residents on either side of the border launch missiles or use kinetics against each other.

In resolution as well as future oversight, disputes that arise should be resolved jointly and collectively with technology sources and footprints, without allowing issues to escalate into conflict.


The author is a defense and cybersecurity analyst.


Source link

]]>
http://louthonline.com/mou-assam-nagaland-how-to-avoid-another-violent-incident-at-the-border/feed/ 0
Deus ex Machina: AI as a Techno-God: Summoning Laplace’s Demon http://louthonline.com/deus-ex-machina-ai-as-a-techno-god-summoning-laplaces-demon/ http://louthonline.com/deus-ex-machina-ai-as-a-techno-god-summoning-laplaces-demon/#respond Sun, 25 Jul 2021 07:00:00 +0000 http://louthonline.com/deus-ex-machina-ai-as-a-techno-god-summoning-laplaces-demon/

Will artificial intelligence (AI) disrupt our human world, our way of life, the work we do and even our future?

Will AI be a tool for the rich or an ultimate solution for the poor? Will AI make human conditions better or worse? Can AI be an entity? Will AI surpass human intelligence? Are we going to trust or fear the future of AI? Are we going to obey him or even worship him? Will AI become so powerful, omniscient, and almost divine?

AI as the new god

In a broad sense, artificial intelligence is a superhuman technological mind, cybernetic superintelligence, or global intelligence.

Its practical definition as mimicking the human brain, mind, or intelligent behavior is naive and short-sighted, and guided by our anthropomorphic mindset and business interest.

Broadly speaking, real AI is all about designing, developing, and deploying real intelligence, without human biological limitations of power, memory, thinking, and action.

AI is not about narrow superintelligence like today’s powerful ML / DL / NN applications, mimicking human functions / capabilities and data trained only for specific problems, such as object recognition, autonomous driving or strategic games.

Here, AI-based systems can be anything, pure software (eg, chat assistants, image analysis software, search engines, voice and facial recognition systems) or hardware (eg, self-driving cars, drones , medical devices, advanced robots or Laws).

In reality, AI is not about simulating cognitive abilities / functions / abilities / skills, as defined by (Encyclopaedia Britannica). “Artificial intelligence (AI) is a branch of computing referring to” the ability of a digital computer or computer-controlled robot to perform tasks commonly associated with intelligent beings. The term is frequently applied to the project of developing systems endowed with the intellectual processes characteristic of man, such as the ability to reason, to discover meaning, to generalize or to learn from past experience ”.

What sets Real AI apart from other digital technologies is that it is designed to map / represent / compute / model / understand, learn and interact with ALL environments in order to solve general problems, make autonomous decisions and rational actions.

AI, machine learning and deep learning, big data analysis and neural networks, machine vision and NLP are often used interchangeably, but this is conceptually wrong, with all the logical consequences and practice.

At the end of the day, AI is about universal super intelligence, the science / model / data formed only for any issues, like climate change, pandemics, quantum computing or gravity or the theory of everything.

Thus, Global AI must demonstrate divine characteristics, such as omnipotence and omniscience and omnipresence, with the power to create a new universe, intelligent, intelligent and digital, easily manipulating and controlling all matter, energy and information.

AI is about putting a God in the machine, thus innovating a new techno-religion of AI God entities.

The AI ​​Trinity of Reality, Data and Spirit, in which the three parts, AI hardware, AI software, AI mindware, distinct, but one “substance, essence or nature”, is to replace the Holy Trinity.

Leibniz’s superscientist and Laplace’s demon as global AI

Gottfried Leibniz (1646-1716), a giant of mathematics, logic and philosophy, imagined a scientist who could see the events of all times, just as it is believed that all times are present in the mind of God.

“Everything proceeds mathematically … if someone could have a sufficient insight into the interior of things, and besides had enough memory and intelligence to consider all the circumstances and take them into account, he would be a prophet and see the future in the present as in a mirror. ”

In the introduction to his 1814 Philosophical essay on probabilities, Pierre Simon Laplace, a giant of mathematics, physics and astronomy, extended an idea of ​​Leibniz which became famous under the name of Démon de Laplace

“We can consider the present state of the universe as the effect of its past and the cause of its future. An intellect which, at a certain moment, would know all the forces which set nature in motion, and all the positions of all the elements of which nature is composed, if this intellect were also large enough to submit these data to analysis, it would embrace in a single formula the motions of the largest bodies in the universe and those of the smallest atom; for such an intellect would not be uncertain and the future as well as the past would be present before his eyes. ”

Laplace postulates a causal super-intelligence that could know the positions, speeds and forces on all the particles in the universe at a given time, and thus know the universe for all times.

A Laplace daemon has critical application in the digital age of infinite data. The Data Age is primarily about the digital data of the world, the result of our increasingly digitalized way of life.

Now it’s about zettabytes of information flow and how to intelligently process it for insights, predictions, recommendations, and actions.

As such, there are approximately M = 8 billion data units, as individuals, and hundreds of data characteristics, F, as biometric, psychological, behavioral, social, economic data elements. , political or geographic.

A global ocean of human population data, H = M x F, could contain billions of data records on each unit’s attributes, age, sex, race, religion, political party, l education, geography, employment, income, interests, feelings, health, etc. .

Now add the engineering objects here, billions of roads, buildings, machines, computers, smart devices, weapons, etc., in order to become digital members of the Internet of Things world in zettabytes.

Now, as the amount of data in the world has grown exponentially, how are we going to rule it all without the artificial intelligence of the global data sphere, its analytical tools, its codes, its algorithms, its programs? , its applications and its robots.

Again, according to market intelligence firm IDC’s “Data Age 2025” document, if the “global data sphere” (the total of all data created, captured, or replicated) in 2018 reached 18 zettabytes, in 2025, global data will reach 175 zettabytes.

  • Google processes over 40,000 searches per second, or 3.5 billion searches per day.
  • 1.5 billion people are active on Facebook every day. It is a fifth of the world’s population.
  • Two-thirds of the world’s population now own cell phones.

Add Cerebras Wafer Scale Engine 2, the largest data processing chip ever built. The Cerebras WSE-2 powers the revolutionary CS-2 system. 2.6 trillion transistors and 850,000 fully programmable and AI-optimized cores, all bundled on a single silicon wafer to deliver industry-leading AI compute density at unprecedented low latencies.

Data, big data, global data, huge computers, fast memory and communication bandwidth … no way out without real AI capable of autonomously transforming world data into world knowledge.

Once again, the Laplace daemon is starting to arrive with Bayesian machine learning as well as high frequency trading (HFT), involving the largest hedge funds handling $ 100,000 billion. HFT is an automated trading platform that large investment banks, hedge funds, and institutional investors use using powerful computers to process large numbers of orders at extremely high speeds. Algorithmic trading systems use complex algorithms to analyze markets to spot emerging trends in mls, mks or nanoseconds. High frequency traders make their money on any imbalance between supply and demand, using arbitrage and speed to their advantage.

Today, algorithms deal with many problems and decisions that have long been at the heart of business activity. In which instrument (s) to invest or trade? What price should I bid or offer? What order size is optimal? What should be the response to a request for a quote? What risk will be taken in facilitating a trade? How does this risk change with the size of the transaction? Is the risk of a transaction adapted to the available capital of a company? What is the relationship between the price of different but related securities or financial products? To which market should an order be sent? Is it more efficient to provide cash or request cash? Should an order be displayed or not? Which broker should I send an order to? When should an order be submitted to a shopping center? In general, algorithms use a wide range of market information to very quickly assess the state of the market, to determine when, where and how to trade, and then to implement the resulting trading decision (s) on the market. Marlet.

Over the past ten years, hedge funds have evolved from research on the time dimension (HFT) to work on the data dimension (a Laplace daemon).

A Laplace Demon can predict everything because he knows everything instantly and understands their causal links.

AI is driving radical change in every part of human life, in every society, economy and industry around the world, emerging as a strategic technology for general use.

Next, it is very important to know what real and true intelligence is, with all of its major types, technologies, systems and applications, and how it all relates to reality and causation, and superintelligence, as condensed in Leibniz’s concept of Leibniz’s Superscientific and Laplace’s Demon. .

What is the Laplace Demon / Superintelligence?

Laplace’s Demon / Superintelligence deals with the universe or reality in terms of causal world models and data / information / knowledge representations for cognition and reasoning, understanding and learning, problem solving, predictions and decision making; and interaction with the environment.

The Laplace Demon is a superintelligence or a man-machine supermind that models and simulates the world to interact effectively and sustainably with any environment, physical, natural, mental, social, digital or virtual. This is a common definition covering all intelligent systems of any complexity, human, machine or extraterrestrial intelligences.

His heart and soul consist of the cohesive, cohesive, and complete causal model of the world.


Source link

]]>
http://louthonline.com/deus-ex-machina-ai-as-a-techno-god-summoning-laplaces-demon/feed/ 0
ZoomInfo announces its intention to acquire the business intelligence tool Chorus.ai for $ 575 million – TechCrunch http://louthonline.com/zoominfo-announces-its-intention-to-acquire-the-business-intelligence-tool-chorus-ai-for-575-million-techcrunch/ http://louthonline.com/zoominfo-announces-its-intention-to-acquire-the-business-intelligence-tool-chorus-ai-for-575-million-techcrunch/#respond Tue, 13 Jul 2021 07:00:00 +0000 http://louthonline.com/zoominfo-announces-its-intention-to-acquire-the-business-intelligence-tool-chorus-ai-for-575-million-techcrunch/

For a rundown of TechCrunch’s most important and important stories delivered to your inbox every day at 3:00 p.m. PDT, subscribe here.

Hello and welcome to the Daily Crunch on July 13, 2021. Have you ever fallen for the fake meat craze? Or are you still sitting on the sidelines, holding a turkey thigh in one hand and a bacon sandwich in the other? The good news for primitive humans like you and me is that there are more and more fake meats in more and more places. Like the fake chicken from Beyond Meat at Panda Express.

Look, I love being a carnivore. But I don’t like the carbon footprint. Maybe tech companies will chart a more sustainable course for the rest of us. – Alexis

The Top 3 TechCrunch

  • Apple is launching into the game of external batteries: If you’re like me, your cell phone is usually on the verge of death. If you own an iPhone, there’s good news today in the form of Apple announcing a $ 99 battery that will provide wireless juice to your handset. It snaps into the back of the phone. Frankly, I’m upset that I need this, but I do.
  • There have never been so many big startups: That’s what TechCrunch learned from investors today. The US risk class said high prices didn’t keep them on the sidelines and basically had to pay to stay in the game. So if you’re a founder with a great growth story, congratulations on your salad days.
  • For example, Zomato just raised more money before its IPO: The Indian food delivery startup is looking to feature in the high end this week, with 45% of the $ 1.3 billion it plans to raise from its benchmark investors. It is a hot request.

Startups / VC

The first snippet of our startup summary today is a piece of our own. Danny crichton announcing the end of the TechCrunch list. The original idea was simple: “An organized directory of venture capitalists designed to guide founders to the most relevant VCs for their startups”.

But after reading thousands of entries and building up a huge database, the experiment got a little out of date. Here’s Danny on what happened: “The venture capital industry has changed dramatically over the past year, and the central thesis we used to build the list no longer applies. Why? Because the world of venture capital has become more competitive, faster and geographically flatter. Conditions and prices therefore matter more, we are told, than expertise.

Consider this fact duly noted. Now our usual rundown of fundraising events, smallest to largest:

  • AttackIQ Raises $ 44 Million to Help Businesses Manage Breaches: It does this in an interesting way, by simulating the attacks themselves. It’s a bit like having a scrum match against yourself. The latest AttackIQ deal highlights how valuable cybersecurity startups have proven to be in recent months.
  • Marco Financial raises $ 82 million to finance Latin American exporters: The Miami-based, commerce-focused startup has raised $ 7 million in cash and $ 75 million in credit to help grow its business. Marco Financial uses a “technology-based risk assessment platform” to determine creditworthiness, which is good. Everything to provide more access to capital to more people in more places.
  • Amperity Raises $ 100 Million, Becomes Unicorn: What does it do? The startup has built a customer data platform to help large companies better understand who they’re selling to. As our own Ingrid Lunden reports, the startup works in a world where some traditional methods of customer tracking – like browser cookies – are being erased from our shared reality.
  • Sourcegraph Raises $ 125 Million For Its Code Finder: This one is interesting. Worth $ 2.625 billion, 3 times more than its December cycle, Sourcegraph is on fire. Other reports indicated that the company could achieve an annual execution rate of around $ 10 million. It’s, um, a healthy multiple.

5 advanced SEO tactics to gain in 2021

The days of game search engines to generate traffic are long gone. Startups that want to get noticed should invest in producing high-quality content that accurately describes their products and services.

Beyond the basic best practices you’ll find on SEO blogs and newsletters, Mark Spera, Head of Growth Marketing at Minted, offers five “advanced” tactics “to increase your SEO throughput and capitalize on some of it. ‘arbitrage still left organic. to look for.”

Strategy n ° 1? Start by using content generation tools to automate tasks like creating search-friendly blog titles, headlines, and outlines.

“We were able to reduce our article writing process from four hours per article to about 90 minutes,” Spera writes. “Imagine what you could do with all this time! “

(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)

Big Tech Inc.

Yes, there was other Big Tech news outside of Apple’s battery today. Here’s what you need to know:

  • Discord acquires Sentropy: Discord is a big company today, with a lot of staff, a lot of users, and a great valuation. And he just bought Sentropy, a startup that TechCrunch wrote “designs AI-based software to detect and suppress online harassment and hate.” Since some disgusting bands use Discord here and there, buying makes sense.
  • Facebook wants to pay bug hunters more: A new Facebook program called “Payout Time Bonus” could increase the fees paid to bug hunters in the social networking world. The company pays less per year than other mega-bodies, but the gap could narrow with the new effort.
  • ZoomInfo buys Chorus.ai for $ 575 million: Earlier today, news broke that ZoomInfo, a public company, was dropping more than half a billy on Chrous.ai, a company that provides conversation-driven business intelligence tools. It has to do with what Gong.io is building, although Gong remains independent and is worth around 13 times as much.

TechCrunch Experts: Growth Marketing

Montage of illustrations based on education and knowledge in blue

Image credits: SEAN GLADWELL (Opens in a new window) / Getty Images

We reach out to startup founders to tell us who they turn to for the most up-to-date growth marketing practices. Complete the survey here.

Read one of the testimonials we received below!

Trader: MuteSix

Recommended by: Rhoda Ullmann, Sense

Testimony : “We have tried a number of different agencies, they demonstrate top notch expertise with the paid advertising platforms Facebook and Google. They also have a very smart and efficient approach to creative development which was essential in helping us evolve. “




Source link

]]>
http://louthonline.com/zoominfo-announces-its-intention-to-acquire-the-business-intelligence-tool-chorus-ai-for-575-million-techcrunch/feed/ 0
how to make a living exchanging cryptos. http://louthonline.com/how-to-make-a-living-exchanging-cryptos/ http://louthonline.com/how-to-make-a-living-exchanging-cryptos/#respond Mon, 28 Jun 2021 07:00:00 +0000 http://louthonline.com/how-to-make-a-living-exchanging-cryptos/

Get Started In Cryptocurrency Trading Today

Anyone interested in the crypto market is looking for the jackpot; money. Between 2019 and 2020, the volume of cryptocurrency exchanges saw an increase of 78%. More and more people are starting to trade cryptos and use them for transactions.

The only thing potential investors would like to know about this space is, can they earn a living by trading cryptos?

Already, millions of people are living from it. Although this reality exists, not everyone can experience it. It is either that they fall into the trap of the crooks, or that they lose all their investment capital, or that they lack the know-how.

There are several ways that people can earn legitimate money from crypto trading.

Proven Ways to Make a Living Trading Cryptos

Here are several ways to make a living trading crypto.

1. Earn dividends

Traders and investors buy cryptocurrencies and hold them to earn dividends. Some of the cryptos call dividend rewards. This is the passive income that crypto investors get by holding the assets in their portfolio for a certain period of time.

It should also be noted that crypto dividends do not work like stock dividends. They do not come from excess cash generated by a business. The amount received in rewards by traders is determined by the amount they hold in their wallets and the trading volume of the specific crypto.

The advantage of earning crypto dividends is that you don’t have to stake your assets. Note that not all cryptos are suitable for your investment portfolio. Take the time and do your research to identify the coins that match your investment goals.

2. Purchase and retention strategy

The buy and hold strategy is among the most used by investors to earn a living by trading cryptos. They buy different cryptocurrencies and hold them until they rise in value. At this point, that’s when they sell them for a profit.

This trading strategy requires an analysis of the coins to identify which ones are both volatile and stable. Traders are looking for such coins so that they can earn money from their rapid change in value. Bitcoin is a prime example of cryptos that have the characteristics mentioned, making it a viable investment in this case.

Investors are also advised to diversify their investment by having a mix of altcoins with a bright future in their portfolio.

3. Trading day

If executed correctly, day trading can be a lucrative way to make a living trading crypto. If you don’t have a good strategy, however, that strategy can prove difficult. The advantage of day trading is that investors can take advantage of the features of the market at any time of the day, seven days a week. The market never closes.

There is also volatility in the crypto market, which offers traders plenty of opportunities for profit. There is transparency when it comes to data in the crypto market. What does this mean for traders? They don’t have to pay to get their hands on this data.

Day trading requires intense technical analysis. The trader should invest his time studying the charts and analyzing the performance of the assets that interest him. It’s considered one of the most engaging trading strategies, but there’s a silver lining: It can be rewarding too.

It should be noted that traders can also save on taxes during day trading by using regulated futures cryptocurrencies.

4. Execution of the master nodes of the parts

You can make a living trading cryptos by running the coin master nodes. The income comes in the form of rewards and the value of coins increases. Traders using this strategy also contribute to the stability of the blockchain. The specific blockchain network activity will also determine how much money you will earn.

It is a good way to generate passive income if you are a node operator.

5. Crypto arbitrage

This strategy takes advantage of cryptocurrencies that trade at different prices on different exchanges. Essentially, traders buy low cost cryptos in one exchange and then sell them at a profit in another exchange.

Several factors make arbitration possible. For example, the variance of liquidity. Liquidity is not the same between different exchanges. Also, exchanges vary depending on who trades them. There are exchanges for institutional investors and others for retailers.

The variance of preferences between these exchanges creates an opportunity for arbitrage. The other condition that supports arbitrage is a different withdrawal and deposit timeframe on the exchanges. This determines the ability of the exchanges to catch up with the market. At the same time, transaction fees also vary, creating an opportunity for arbitrage.

This trading strategy has several advantages. On the one hand, it is low risk. By buying and selling digital assets almost immediately, traders avoid the risk of long-term investment. Crypto arbitrage is also not based on bull and bear markets. Whichever direction the market takes, traders will win.

You can make a living trading cryptos in a very volatile market with minimal risk using this strategy. To be successful in crypto arbitrage, you need to have reliable, next-generation technology that will allow you to make fast moves.

Crypto arbitrage can further be broken down into spatial arbitrage and triangular arbitrage.

6. Crypto staking

Crypto staking is yet another common strategy used by traders to make money. The technique is to lock in the cryptos to receive rewards. Note that when traders hold the coins in their wallets, they are securing the particular blockchain.

Earn Your Living Trading Cryptos Using The Different Strategies

The strategies listed above have proven to be effective as investors have used them over the years to earn a living by trading cryptos. If you are looking to venture into the crypto space, you can select one that is right for you.

It is also essential to study the different strategies to understand their advantages and disadvantages before settling for one.

Buy and sell cryptocurrencies instantly


Source link

]]>
http://louthonline.com/how-to-make-a-living-exchanging-cryptos/feed/ 0