The official blog of Stathis Kassios for Business, Media, Economics & Arts

Ένας ακόμη χρόνος έφτασε στο τέλος του, φέρνοντας μαζί του πολλές εξελίξεις, τόσο σε τοπικό αλλά και σε διεθνές επίπεδο. Κάνοντας μια σύντομη ανασκόπηση των σημαντικότερων γεγονότων που κυριάρχησαν στο δημόσιο διάλογο, τον τύπο και τις αναφορές στα κοινωνικά δίκτυα, ας ξεκινήσουμε με την κυριαρχία της τεχνητής νοημοσύνης. Ο χαρακτηρισμός “κυριαρχία” ίσως ενοχλήσει κάποιους καθώς μπορεί να ερμηνευτεί ως προτετελεσμένη εξέλιξη. Ωστόσο, η συνεχής έρευνα για τη μηχανική μάθηση, τα νευρωνικά δίκτυα και ο αυτοματισμός που προκύπτει από την τεχνητή νοημοσύνη έχει ήδη ξεκινήσει να επηρεάζει και αντικαθιστά σημαντικό μέρος της ανθρώπινης εργασίας και δραστηριότητας. Δυστοπική είναι η πρόβλεψη της Goldman Sachs ότι η συγκεκριμένη τεχνολογία μπορεί να απειλήσει έως και 300 εκατομμύρια θέσεις εργασίας στο Δυτικό κόσμο. Η εφαρμογή της τεχνητής νοημοσύνης διαπερνά κάθε ανθρώπινο πεδίο, από την ιατρική επιστήμη έως τις εφαρμογές για έξυπνες πόλεις, τη διακυβέρνηση, την πολιτική, το περιβάλλον ...

Dear readers, I recently had an interesting short “conversation” with an AI chatbot. Here’s an excerpt from the conversation including a simple graph generated by the AI chatbot itself: -Efstathios Kassios : Can you compare and visualize Human Intelligence to Artificial Intelligence in a simple graph with your current knowledge? -AI Chatbot : Comparing human intelligence with AI intelligence in a graph is a complex task, as intelligence is a multifaceted concept with various dimensions. Nevertheless, here’s a simplified representation that considers certain aspects: In this basic visual representation: -The vertical axis represents the  level of intelligence . -The horizontal axis represents  time . The graph suggests that AI intelligence, depending on the specific task and domain,  may surpass human intelligence  in certain areas over time. However, it’s crucial to note that human intelligence is complex, encompassing emotional, social, and creative aspects that cur...

Dear friends, please find below some interesting articles and personal commentary & analysis for the latest global business trends, news, insights and even political opinion. -Mortgage Rates (30y home loans average) close to 8% means we might soon see a #stock crash to save #bonds. Central banks should drastically ease tight monetary policy in 2024 and beyond to slash interest rates amid growing fears for their economies. Last time MR % topped was before the terrorist attacks in #usa and analysts also fear a 1987 stock crash repetition. – Efstathios Kassios follow me on #X for more global business insights:  @stathiskassios – My new article  “Cases of Online Identity Theft – their social and economic impact” for EITHOS EU Project:  https://www.eithos-project.eu/2023/06/07/cases-of-online-identity-theft-and-their-social-economic-impact/?fbclid=IwAR2xXKtBvRffo5DQ-GMa4zvXzkwwp76ae1AdrEUXjrtTq3DrZxIdGOafF8M -Co-authored a research paper on Big Data Technologies ...

Still struggling with mentally grasping the crypto markets and blockchain technology? Let this -award winning- investigative documentary guide you through the complex world of cryptocurrencies, the promise of a global decentralized financial network, present / future risks and potential benefits, amidst the current global monetary tightening of the central banking system, before the coming recession .

Closing the year 2022 with some articles I found interesting to read and sharing some personal thoughts and opinion. Have a great 2023! Private pension schemes offered in China and managed by various US funds. Still considered a Communist state? Don't think so. "JPMorgan, UBS and others vie for bigger share of China's pension market" - Read  HERE H εταιρεία Τουρκικών συμφερόντων @LCWaikiki με σημαντική παρουσία και καταστήματα στην Ελλάδα, παρουσίασε κερδοφορία. - Read HERE Stathis' commentary: "The crypto industry is going through a major crisis. Why? When the blockchain manifesto started circulating between crypto and tech enthusiasts, promising the creation of a new global decentralized financial system, to be built on the ruins of the traditional credit system which collapsed in 2008, it quickly evolved to eventually becoming the same system it was despising. All or most of the exchange money supply from small investors was gathered among few companies, ...

Πώς τα crypto «έκαψαν» δυο τρισεκατομμύρια δολάρια σε 12 μήνες - Read HERE Regulating Crypto - Read HERE FTX is the latest cryptocurrency company this year to come under financial pressure as crypto assets have collapsed in value. Other failures include Celsius, a bank-like company that took in crypto deposits in exchange for yield, as well as an Asia-based hedge fund known as Three Arrows Capital - Read HERE Energy "hungry" EU, stocking up oil and gas for coming winter, means depriving energy resources for the developing world. The latter is already facing decreasing purchasing power as the strong dollar crushes their weakening internal national currencies. Because of Russia Ukraine war, EU goes after other international energy suppliers who prefer higher profit margins that the rich world can offer, than serving weak governments or poorer countries like Pakistan, India, Bangladesh, Philippines. Climate change and environmental catastrophes add up to the economic hurdles of ...

We are living in complicated and very challenging times (Russia - Ukraine - NATO - USA dispute). The world is going through an enduring health crisis which is heavily touching the very fabric of our societies, affecting our lives, social norms, work conditions and habits, our economies, established industries and supply chains. The virus and its mutations are spreading horizontally in every corner of the world which is more connected than ever. While governments are reacting to Covid-19 with similar policies to tackle with the downsides of their citizens health, it is important to remember that our global economies were standing on a different growth level even before the world was hit with the pandemic. This means that countries that were aiming to improve their citizens welfare, upgrade their economic status, provide government structures to enable investments and private initiatives in order to create new jobs and foster growth, are now shifting priorities until the health cris...

Will NFTs become bigger than BTC? - Read HERE 40 years after the Falklands war - Read HERE Five of world’s most powerful nations pledge to avoid nuclear war - Read HERE "Η ευημερία άρχισε να υποχωρεί στην αρχή του 1929, αν και ο λαός δεν άρχισε να το διαπιστώνει παρά μόνο μετά την εντυπωσιακή καταστροφή στο χρηματιστήριο τον Οκτώβρη" - Financial History of the United States - Paul Studenki Bank of Mexico Plans to Launch Digital Currency by 2024 - Read HERE Researchers shrink camera to the size of a salt grain - Read HERE The Coming Multiverses - Read HERE Metals Demand From Energy Transition May Top Current Global Supply - Read HERE On Greek Public Debt - Read HERE The 5 Biggest Global Trends Every Business Must Be Ready For - Read HERE Various political & economic articles of Stathis Kassios - Read HERE When will China rule the world? - Read HERE Your truly  Stathis Kassios

''Speculation on  #USA #inflation  walks hand in hand with monitoring closely consumer price index which I believe will increase in the next 1-2 years if economic boost crushes under #COVID19 uncertainty'' - Stathis Kassios Too Much Money Portends High Inflation - Read Here Montenegro starts paying off $1 billion Chinese road loan - Read Here Inequality interest - Read Here ''Which are the top #tech trends now globally? How are they affecting your #industry , #company , #organization ? I believe automation will be key across all industries as it will be combined with advanced connectivity across operational systems. #AI is behind patent filing so will delay to be applied massively'' - Stathis Kassios - Read Here More aggressive regulation of #cryptocurrency markets could make ransom payment more difficult, but the hackers could always resort to anonymized cryptocurrencies. - Read Here Rising food prices across the #world as #inflation hits the door - Rea...

Hello friends. I am delighted to share with you a very good documentary I recently watched and highly suggest to you in order to understand more how AI (Artificial Intelligence) algorithms are designed and developed mirroring the established negative side of offline norms, ethics, racial taboos, misconceptions, social prejudices, only to be reconstructed in the digital world and enforcing AI technologies upon people in every day life, inside society (see China, UK recently) without considering creating a new layer of a more horizontally and fair ethical behavior of AI systems towards humans.

Here is my personal comment on the much discussed eurobond for dealing with Covid-19 after effects in EE and Eurozone economies: '' #Germany saying no to a new eurobond requested by other member countries where Covid-19 is ravaging their economies, proves once again to have very weak memory. In 1953, 20 countries in London, agreed to help Germany with deleting 52% of its post war debt and reformed the rest of debt in accepting long term loans and payments only if Germany secured annual budget surpluses. If this agreement had not taken place, they would still struggle to lift up after WWII. EU is on the brink of dissolution.'' - Stathis Kassios An interesting Chinese proverb which sounds like an oxymoron to my ears amidst this global health crisis: <<Να προβλέπεις το κακό πριν συμβεί. Να βάζεις τάξη πριν ξεσπάσει ταραχή>> - Κινεζική παροιμία, από το βιβλίο της  Stephanie Bessiere Another interesting article via FP (Foreign Policy): The ...

''The EU has just passed the Copyright Directive: now small sites and tech giants alike will have to deal with the fallout and recriminations.'' Read the full article by MIT Technology Review here

Would you delete your social media accounts to feel healthier? Share your thoughts in the comments section. ''Jaron Zepel Lanier is an American computer philosophy writer, computer scientist, visual artist, and composer of classical music. Considered a founding father of the field of virtual reality, Lanier and Thomas G. Zimmerman left Atari in 1985 to found VPL Research, Inc., the first company to sell VR goggles and gloves. In the late 1990s, Lanier worked on applications for Internet2, and in the 2000s, he was a visiting scholar at Silicon Graphics and various universities. In 2006 he began to work at Microsoft, and from 2009 has worked at Microsoft Research as an Interdisciplinary Scientist. Lanier has composed classical music and is a collector of rare instruments; his acoustic album, Instruments of Change (1994) features Asian wind and string instruments such as the khene mouth organ, the suling flute, and the sitar-like esraj. Lanier teamed with Mario Grigorov to c...

The globally connected world is moving fast. Technology is everywhere, shaping our lives online and offline. The following trends are just the natural continuation of what has been happening in the world of tech the past few years. We can definitely spot an acceleration, market penetration and customer acceptance of new technologies. Some political and economic trends will also be discussed further down below. Smart homes using IoT (internet-of-things) have started being advertised on TV. Controlling your house through applications and interconnecting all devices will be the house of future, maybe closer than we think. What needs to be solved first is the protocol harmonization for the devices by various manufacturers. A standard protocol is needed so your house devices run smoothly when cooperating with each other thus securing the IoT system against external threats for example. AR (augmented reality) and VR (virtual reality) have already started going viral. Think Pokemon G...

My predictions for 2012... Smartphones will lead the mobile markets all across the globe. More and more mobile apps will be competing for our daily needs & activities Video on demand services will be the new norm while traditional media companies will have to quickly respond & adapt to the changing ecosystems otherwise they will lose more audience and ad revenues The tech industry (sitting now on 200$BN cash) is going to be the least affected by the recession thus will retain its competitive advantage over other troubled & unsustainable industries China & other fast developing Asian countries will have a significant say for the global economy & trade policies "Harness the web" will be the new unexplored map & mission for every firm or professional willing to survive in the long run I am not sure if my country Greece will eventually collapse even though I am pretty sure that the crisis will change the mindsets of more individuals who will start...