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**LONDON, United Kingdom, May 13th, 2024/Chainwire/--**Robert Kiyosaki, the renowned businessman and best-selling author of the educational series, ‘Rich Dad Poor Dad’, joins Andrew Maguire, on this week’s episode of Live from the Vault. This week, a precious metals commentary show hosted by the renowned London whistleblower takes viewers through the current economic landscape and explains how everyone can take steps to preserve their wealth. https://www.youtube.com/embed/DnS5hZGqQjA “I save gold and silver. I don’t save dollars.” Kiyosaki speaks on how everyday people are accustomed to spending and saving in centralised, bank-issued fiat currency, commonly referred to as ‘paper money’. “My mom and dad had no idea,” says Kiyosaki. The everyday person can’t necessarily see the difference between “real money and fake money”. He continues, “... they hung on to paper again, their college degrees... People have been conditioned and programmed to take paper instead of the real stuff, which violates Gresham's law.” Gresham's law states that when ‘bad money’ enters a system, people hold onto ‘good money’, which sees valuable assets like gold and silver, exit the system. Kiyosaki explains how paper assets, such as Dollars, Pounds or Yen are subject to large-scale currency devaluation due to central bank money printing. He contrasts saving in fiat and paper assets with the ownership of hard assets, such as real estate and precious metals. Kiyosaki comments, “I save gold and silver. I don’t save dollars”, an approach he has taken since his time as an army pilot in Vietnam, which coincided with Nixon’s closing of the gold window in 1971. BRICS Central Bank Gold Demand Discussing the BRICS nations, Kiyosaki highlights a growing division between the East and the West, with Eastern nations like Russia and China accumulating gold to create a currency backed by the precious metal. The Evolution of Money The conversation concludes with an evaluation of the Kinesis ecosystem; a sustainable and fair monetary alternative, that has already proven its potential in helping users globally counter the impact of a fiat-based economy. Kinesis’ gold and silver-based currencies, KAU and KAG are backed by fully allocated, fully audited gold and silver, which is made universally spendable by card, through leveraging blockchain technology. Kiyosaki voices his enthusiasm about Kinesis’ capacity to easily allocate a portfolio between gold and silver, spend on a debit card - and get paid every month through Kinesis’ innovative yields system. He calls Kinesis a game-changer, deeming it “the evolution of money”. This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis. About Kinesis Money Kinesis is an end-to-end monetary system based 1:1 on physical gold and silver. Founded in 2017, Kinesis formed a strategic partnership with Allocated Bullion Exchange with institutional metals exchange trading globally for over a decade. With $10B traded since 2021, Kinesis has driven rapid expansion on a global scale, amassing a client base across 150+ countries. Through robust vaulting infrastructure and innovative financial technology, Kinesis reintroduces gold and silver as money. The platform enables citizens worldwide to protect their wealth outside of the volatility of the traditional banking system. Contact Zubair Bukhari Kinesis Money zubair.bukhari@kinesis.money This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **LONDON, United Kingdom, May 13th, 2024/Chainwire/--**Robert Kiyosaki, the renowned businessman and best-selling author of the educational series, ‘Rich Dad Poor Dad’, joins Andrew Maguire, on this week’s episode of Live from the Vault. This week, a precious metals commentary show hosted by the renowned London whistleblower takes viewers through the current economic landscape and explains how everyone can take steps to preserve their wealth. https://www.youtube.com/embed/DnS5hZGqQjA https://www.youtube.com/embed/DnS5hZGqQjA https://www.youtube.com/embed/DnS5hZGqQjA “I save gold and silver. I don’t save dollars.” Kiyosaki speaks on how everyday people are accustomed to spending and saving in centralised, bank-issued fiat currency, commonly referred to as ‘paper money’. “My mom and dad had no idea,” says Kiyosaki. The everyday person can’t necessarily see the difference between “real money and fake money”. He continues, “... they hung on to paper again, their college degrees... People have been conditioned and programmed to take paper instead of the real stuff, which violates Gresham's law.” Gresham's law states that when ‘bad money’ enters a system, people hold onto ‘good money’, which sees valuable assets like gold and silver, exit the system. Kiyosaki explains how paper assets, such as Dollars, Pounds or Yen are subject to large-scale currency devaluation due to central bank money printing. He contrasts saving in fiat and paper assets with the ownership of hard assets, such as real estate and precious metals. Kiyosaki comments, “I save gold and silver. I don’t save dollars”, an approach he has taken since his time as an army pilot in Vietnam, which coincided with Nixon’s closing of the gold window in 1971. BRICS Central Bank Gold Demand Discussing the BRICS nations, Kiyosaki highlights a growing division between the East and the West, with Eastern nations like Russia and China accumulating gold to create a currency backed by the precious metal. The Evolution of Money The conversation concludes with an evaluation of the Kinesis ecosystem; a sustainable and fair monetary alternative, that has already proven its potential in helping users globally counter the impact of a fiat-based economy. Kinesis’ gold and silver-based currencies, KAU and KAG are backed by fully allocated, fully audited gold and silver, which is made universally spendable by card, through leveraging blockchain technology. Kiyosaki voices his enthusiasm about Kinesis’ capacity to easily allocate a portfolio between gold and silver, spend on a debit card - and get paid every month through Kinesis’ innovative yields system. He calls Kinesis a game-changer, deeming it “the evolution of money”. This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis. About Kinesis Money Kinesis Money Kinesis Money Kinesis is an end-to-end monetary system based 1:1 on physical gold and silver. Founded in 2017, Kinesis formed a strategic partnership with Allocated Bullion Exchange with institutional metals exchange trading globally for over a decade. With $10B traded since 2021, Kinesis has driven rapid expansion on a global scale, amassing a client base across 150+ countries. Through robust vaulting infrastructure and innovative financial technology, Kinesis reintroduces gold and silver as money. The platform enables citizens worldwide to protect their wealth outside of the volatility of the traditional banking system. Contact Zubair Bukhari Kinesis Money zubair.bukhari@kinesis.money This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Kiyosaki Sits Down With Kinesis To Discuss ‘The Evolution of Money’

Originally, Bitcoin came to the fore as a potential tool for disrupting the financial system. Despite all criticisms and attacks, it has done exactly that, as evidenced by the launch of Bitcoin Spot ETFs, with a subsequent rise to all-time highs above $70,000. Yet other industries are set for disruption. Content creation has yet to transition to Web3. Think about Amazon Kindle or the mainstream media, which are still centrally owned but command huge budgets and influence. Hollywood and traditional entertainment are losing subscribers and fans, and brands like Marvel and DC are still running on old stories that were created decades ago. Ultimately, people want to release their own stories and be able to make money from their creativity without paying centralized actors. The Content Creation Industry Traditionally, it was incredibly difficult to get a book published. Even J.K Rowling was rejected by twelve different editors before finally getting published, as one of the most popular franchises of all time. She’s now worth over $1 Billion. This difficulty changed a lot with the rise of self-publishing tools, most notably Amazon Kindle and its impressive range of tools for both writing and marketing. Online sites Hackernoon offers a Web 2.5 approach that allows people to publish their views, with neat tools and light moderation. But for a pure experience, the entire network has to be user-powered with fully equitable rewards, and little to no censorship. Users should have the features to create and release content quickly, without third parties. And with multiple revenue options. Innovative Web3 ecosystems like Lightning Works (LW) do precisely this. Artists can create and release their own comics with the help of AI. LW has already released some of its own comics, aiming to start its own franchise with its own heroes, with the help of former Marvel, DC, and Disney artists and executives. It is redefining content creation as we know it, with a user-empowerment focus. This comes at a time when the power of Hollywood is waning and streaming has been shown to be a money-losing way to deliver content.  The world is ready for a new business model, and Web3 can solve this problem. Social Media vs Publishing vs Content Creation It has become a little difficult to delineate between content creation, publishing, and social media. There are new media formats coming to prominence and as users become more empowered, they take on the role of creators and publishers. The publishing industry traditionally referred to the release of books from prestigious firms, as well as the publication from mainstream media outlets (the MSM). But both of these have lost tremendous power, as faith in the MSM wanes and readers now gravitate to online formats. Social media is another form of content creation with more features made available for a variety of self-expression. However, there are many concerns about de-platforming as well as online censorship. Bluesky is a Web3 social media platform that deviated from Twitter. It’s technically an open messaging protocol - users can subscribe to the tags and groups that meet their preferences. In this way, they are effectively becoming their own moderators. Most importantly, creators are independent from platforms, being able to take content and contacts with them. The same theme is reflected in the gaming industry. Hexacore offers self publishing for games developers, with true digital ownership. It provides a hybrid monetization model with both free to play and play to own multiplayer games, and users can create their own in-game characters using AI. Meme Generation: Advanced Communication Evolved Through Web3 Memes, often misunderstood as mere internet jokes, are powerful forms of content creation that have reshaped communication. These cultural symbols harness the ability to convey complex messages and emotions swiftly and effectively. They have gotten a bad reputation due to their degenerative nature. But their power and impact cannot be denied, with huge trading volumes and massive user bases. Wall Street Memes, the Gamestop Saga, Dogecoin and more have risen from ‘mere’ meme status to cultural icons of their respective industries, ‘champions’ of the retail class of consumers, relatable to the extreme in their own right. Veme is a company that realized we still struggle to meaningfully engage communities on larger social platforms that are increasingly becoming ‘pay-to-play’. Their platform is a comprehensive communal video network that empowers creators and audiences alike. Equipped with 'Mira,' their own advanced AI model, VEME transforms how meme content is created and shared online. The AI accesses global RSS feeds, converting trending news into engaging, shareable video memes, enabling creators to respond to cultural pulses in real-time. The Future of Content Creation Will Result In Individual Empowerment Ultimately, people want to have power over their data and how they express themselves. Web3 projects offer a means for this to happen without any centralized intermediaries. The most successful projects will allow their users to create content and get out of the way. Right now, many companies and institutions will reject these Web3 ecosystems much like they rejected J.K Rowling - because there is no ‘market fit’. Yet this is a huge mistake. Content creation and distribution are being completely revised on a planetary scale, with many new concepts such as the tokenized lore of Alien Worlds. The public is crying out for authentic self-expression. They will find a way to express themselves creatively using the most efficient means possible - even if they have to fall a few times along the way. Originally, Bitcoin came to the fore as a potential tool for disrupting the financial system. Despite all criticisms and attacks, it has done exactly that, as evidenced by the launch of Bitcoin Spot ETFs, with a subsequent rise to all-time highs above $70,000. Originally, Bitcoin came to the fore as a potential tool for disrupting the financial system. Despite all criticisms and attacks, it has done exactly that, as evidenced by the launch of Bitcoin Spot ETFs , with a subsequent rise to all-time highs above $70,000. Bitcoin Spot ETFs Bitcoin Spot ETFs Yet other industries are set for disruption. Content creation has yet to transition to Web3. Think about Amazon Kindle or the mainstream media, which are still centrally owned but command huge budgets and influence. Hollywood and traditional entertainment are losing subscribers and fans, and brands like Marvel and DC are still running on old stories that were created decades ago. Ultimately, people want to release their own stories and be able to make money from their creativity without paying centralized actors. The Content Creation Industry Traditionally, it was incredibly difficult to get a book published. Even J.K Rowling was rejected by twelve different editors before finally getting published, as one of the most popular franchises of all time. She’s now worth over $1 Billion. rejected by twelve different editors rejected by twelve twelve different editors This difficulty changed a lot with the rise of self-publishing tools, most notably Amazon Kindle and its impressive range of tools for both writing and marketing. Online sites Hackernoon offers a Web 2.5 approach that allows people to publish their views, with neat tools and light moderation. But for a pure experience, the entire network has to be user-powered with fully equitable rewards, and little to no censorship. Users should have the features to create and release content quickly, without third parties. And with multiple revenue options. Innovative Web3 ecosystems like Lightning Works (LW) do precisely this. Artists can create and release their own comics with the help of AI. LW has already released some of its own comics, aiming to start its own franchise with its own heroes, with the help of former Marvel, DC, and Disney artists and executives. It is redefining content creation as we know it, with a user-empowerment focus. This comes at a time when the power of Hollywood is waning and streaming has been shown to be a money-losing way to deliver content.  The world is ready for a new business model, and Web3 can solve this problem. money-losing money-losing Social Media vs Publishing vs Content Creation It has become a little difficult to delineate between content creation, publishing, and social media. There are new media formats coming to prominence and as users become more empowered, they take on the role of creators and publishers. The publishing industry traditionally referred to the release of books from prestigious firms, as well as the publication from mainstream media outlets (the MSM). But both of these have lost tremendous power, as faith in the MSM wanes and readers now gravitate to online formats. Social media is another form of content creation with more features made available for a variety of self-expression. However, there are many concerns about de-platforming as well as online censorship. Bluesky is a Web3 social media platform that deviated from Twitter. It’s technically an open messaging protocol - users can subscribe to the tags and groups that meet their preferences. In this way, they are effectively becoming their own moderators. Most importantly, creators are independent from platforms, being able to take content and contacts with them. The same theme is reflected in the gaming industry. Hexacore offers self publishing for games developers, with true digital ownership. It provides a hybrid monetization model with both free to play and play to own multiplayer games, and users can create their own in-game characters using AI. Meme Generation: Advanced Communication Evolved Through Web3 Memes, often misunderstood as mere internet jokes, are powerful forms of content creation that have reshaped communication. These cultural symbols harness the ability to convey complex messages and emotions swiftly and effectively. They have gotten a bad reputation due to their degenerative nature. But their power and impact cannot be denied, with huge trading volumes and massive user bases. huge trading volumes huge trading volumes Wall Street Memes, the Gamestop Saga, Dogecoin and more have risen from ‘mere’ meme status to cultural icons of their respective industries, ‘champions’ of the retail class of consumers, relatable to the extreme in their own right. Veme is a company that realized we still struggle to meaningfully engage communities on larger social platforms that are increasingly becoming ‘pay-to-play’. Their platform is a comprehensive communal video network that empowers creators and audiences alike. Equipped with 'Mira,' their own advanced AI model, VEME transforms how meme content is created and shared online. The AI accesses global RSS feeds, converting trending news into engaging, shareable video memes, enabling creators to respond to cultural pulses in real-time. The Future of Content Creation Will Result In Individual Empowerment Ultimately, people want to have power over their data and how they express themselves. Web3 projects offer a means for this to happen without any centralized intermediaries. The most successful projects will allow their users to create content and get out of the way. Right now, many companies and institutions will reject these Web3 ecosystems much like they rejected J.K Rowling - because there is no ‘market fit’. Yet this is a huge mistake. Content creation and distribution are being completely revised on a planetary scale, with many new concepts such as the tokenized lore of Alien Worlds. The public is crying out for authentic self-expression. They will find a way to express themselves creatively using the most efficient means possible - even if they have to fall a few times along the way.

Embracing Change: The Evolution of Content Creation in the Web3 Era

The Evolution of Data Center Cooling: From Air-Based Methods to Free Cooling

The contemporary discourse on generative Artificial Intelligence (AI) presents a nuanced and dualistic narrative of technological development. I will delve into contrasting perspectives surrounding the current state and future of generative AI, juxtaposing the pervasive sentiments of disillusionment against the sustained advancements in the field. Notably, despite apparent stagnation in some sectors and declining public interest, significant strides in AI technology and applications continue to emerge. This analysis provides a nuanced examination of the cycle of hype, stabilization, and potential revolutionary impact of generative AI, comparing it with historical technological disruptions such as the printing press, electricity, and the internet. Through a balanced review of both setbacks and breakthroughs in the AI landscape, I aim to discern whether generative AI is merely experiencing a temporary lull or if it signifies a broader technological revolution. By critically assessing the evidence and forecasting future trends, the article also explores the implications of this technology on societal norms and industry practices, ultimately questioning the revolutionary potential of generative AI amidst ongoing challenges and evolving expectations. Economic Performance and Market Valuations Recent data suggest that the economic outcomes related to generative AI have not aligned with prior expectations. For instance, despite significant investments in hardware, such as the $50 billion spent on Nvidia equipment, the return, in terms of revenue, has been relatively modest, amounting to only $3 billion (The Wall Street Journal). Additionally, there is a notable stagnation in visits to AI-focused websites (Exponential View), and venture capital firm Sequoia has highlighted the overvaluation of AI startups, suggesting a disconnect between market valuations and underlying economic realities (The Information). Industry Challenges and Strategic Adjustments Several high-profile AI startups have experienced difficulties, signaling potential instability within the sector. For example, InflectionAI has been effectively disbanded, with Microsoft acquiring its assets, including the expertise of former CEO Mustafa Suleyman (TechCrunch). Moreover, StabilityAI faces uncertain prospects following leadership controversies (Forbes). Additionally, the broader enterprise adoption of AI technologies is hampered by concerns over security and ethical implications (Diginomica). Public Perception and Technological Engagement While the initial public enthusiasm for AI technologies like ChatGPT has waned, a subset of users, particularly software developers, continue to find value in these tools (Pew Research Center). This contrasts with the broader perception that AI tools serve more as novelties rather than practical aids in productivity (The Register). Innovative Developments and Future Prospects Despite these challenges, the development of AI technologies continues at a rapid pace. New models like Claude 3 from Anthropic are setting benchmarks in AI capabilities (Anthropic). The field also anticipates the arrival of advanced models such as OpenAI's GPT-5, signaling ongoing innovation and potential market recovery (Business Insider). Historical Perspective on Generative AI Development Tyler Cowen, in his analysis, proposes that the current state of AI reflects a natural progression seen in other revolutionary technologies. Drawing parallels to the adoption of the printing press, electricity, and the internet, Cowen suggests that the lifecycle of transformative technologies typically transitions through phases of hype, stabilization, and eventual widespread utility. This pattern, he argues, is evident in the current trajectory of generative AI technologies (Bloomberg). Cowen articulates that while the initial excitement surrounding generative AI has diminished—a phase characterized by inflated expectations and speculative investments—the underlying advancements in technology continue to progress significantly. This 'silent lull' is not a regression but a recalibration of expectations as the technology matures and integrates more deeply into various sectors. Generative AI, despite facing skepticism regarding its immediate impacts, mirrors the developmental paths of its historical counterparts. Notably, the internet, post-dot-com bubble, and the gradual integration of electricity into industrial processes both experienced periods of underwhelming performance followed by significant, long-term contributions to economic and social structures. Recent developments in AI technology further support Cowen's thesis. OpenAI's enhancement of enterprise services and the advancement of models like Google's GPT-4 competitor illustrate ongoing innovation within the field (ZDNet, Google). Moreover, the rapid progression of open-source AI models, although less visible to the casual user, underscores a robust, underlying growth in AI capabilities that continues to push the boundaries of what these technologies can achieve (Archive). The Path Forward Despite the optimism expressed by some industry leaders, there are notable challenges and setbacks that temper the enthusiastic projections about AI. Issues such as the slower-than-anticipated adoption rates in enterprises and the mixed results of new AI products like Google Gemini Advanced highlight the complex reality facing AI development (Diginomica, The Algorithmic Bridge). The question remains whether generative AI will indeed follow the transformative paths of its predecessors or diverge due to unique challenges and societal dynamics. The industry's ability to navigate these challenges, coupled with ongoing technical advancements, will likely determine the trajectory of AI's impact on society. Concluding Thoughts Generative AI's journey is marked by cycles of hype and recalibration, similar to earlier technologies. While immediate outcomes may seem underwhelming, the continued development and integration of AI into various sectors may very well underpin the next wave of significant technological and societal transformations. As with historical innovations, the true measure of AI's impact will likely be observed in hindsight, shaped by a complex interplay of technological capabilities, market forces, societal acceptance, and regulatory environments. References "A Peter Thiel-backed AI startup seeks $2 billion valuation" - The Wall Street Journal. Available at: https://www.wsj.com/tech/ai/a-peter-thiel-backed-ai-startup-cognition-labs-seeks-2-billion-valuation-998fa39d
"Growth and investment in AI technology" - Exponential View. Available at: https://substack.com/@exponentialview/note/c-52677620
"AI startups overvalued" - The Information. Available at: https://www.theinformation.com/articles/ai-agenda-openai-is-a-relative-steal
"Inflection AI dismantled" - TechCrunch. Available at: https://techcrunch.com/2023/06/29/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai/
"Stability AI's uncertain future" - Forbes. Available at: https://www.forbes.com/sites/kenrickcai/2024/03/29/how-stability-ais-founder-tanked-his-billion-dollar-startup/
Tyler Cowen on AI's ongoing revolution despite subdued hype - Bloomberg
OpenAI introduces business version of ChatGPT - ZDNet
Challenges in AI adoption within enterprises - Diginomica
Google's GPT-4 and its marketplace challenges - The Algorithmic Bridge The contemporary discourse on generative Artificial Intelligence (AI) presents a nuanced and dualistic narrative of technological development. I will delve into contrasting perspectives surrounding the current state and future of generative AI, juxtaposing the pervasive sentiments of disillusionment against the sustained advancements in the field. Notably, despite apparent stagnation in some sectors and declining public interest, significant strides in AI technology and applications continue to emerge. This analysis provides a nuanced examination of the cycle of hype, stabilization, and potential revolutionary impact of generative AI, comparing it with historical technological disruptions such as the printing press, electricity, and the internet. Through a balanced review of both setbacks and breakthroughs in the AI landscape, I aim to discern whether generative AI is merely experiencing a temporary lull or if it signifies a broader technological revolution. By critically assessing the evidence and forecasting future trends, the article also explores the implications of this technology on societal norms and industry practices, ultimately questioning the revolutionary potential of generative AI amidst ongoing challenges and evolving expectations. Economic Performance and Market Valuations Economic Performance and Market Valuations Recent data suggest that the economic outcomes related to generative AI have not aligned with prior expectations. For instance, despite significant investments in hardware, such as the $50 billion spent on Nvidia equipment, the return, in terms of revenue, has been relatively modest, amounting to only $3 billion ( The Wall Street Journal ). Additionally, there is a notable stagnation in visits to AI-focused websites ( Exponential View ), and venture capital firm Sequoia has highlighted the overvaluation of AI startups, suggesting a disconnect between market valuations and underlying economic realities ( The Information ). The Wall Street Journal Exponential View The Information Industry Challenges and Strategic Adjustments Industry Challenges and Strategic Adjustments Several high-profile AI startups have experienced difficulties, signaling potential instability within the sector. For example, InflectionAI has been effectively disbanded, with Microsoft acquiring its assets, including the expertise of former CEO Mustafa Suleyman ( TechCrunch ). Moreover, StabilityAI faces uncertain prospects following leadership controversies ( Forbes ). Additionally, the broader enterprise adoption of AI technologies is hampered by concerns over security and ethical implications ( Diginomica ). TechCrunch Forbes Diginomica Public Perception and Technological Engagement Public Perception and Technological Engagement While the initial public enthusiasm for AI technologies like ChatGPT has waned, a subset of users, particularly software developers, continue to find value in these tools ( Pew Research Center ). This contrasts with the broader perception that AI tools serve more as novelties rather than practical aids in productivity ( The Register ). Pew Research Center The Register Innovative Developments and Future Prospects Innovative Developments and Future Prospects Despite these challenges, the development of AI technologies continues at a rapid pace. New models like Claude 3 from Anthropic are setting benchmarks in AI capabilities ( Anthropic ). The field also anticipates the arrival of advanced models such as OpenAI's GPT-5, signaling ongoing innovation and potential market recovery ( Business Insider ). Anthropic Business Insider Historical Perspective on Generative AI Development Tyler Cowen, in his analysis, proposes that the current state of AI reflects a natural progression seen in other revolutionary technologies. Drawing parallels to the adoption of the printing press, electricity, and the internet, Cowen suggests that the lifecycle of transformative technologies typically transitions through phases of hype, stabilization, and eventual widespread utility. This pattern, he argues, is evident in the current trajectory of generative AI technologies ( Bloomberg ). Bloomberg Cowen articulates that while the initial excitement surrounding generative AI has diminished—a phase characterized by inflated expectations and speculative investments—the underlying advancements in technology continue to progress significantly. This 'silent lull' is not a regression but a recalibration of expectations as the technology matures and integrates more deeply into various sectors. Generative AI, despite facing skepticism regarding its immediate impacts, mirrors the developmental paths of its historical counterparts. Notably, the internet, post-dot-com bubble, and the gradual integration of electricity into industrial processes both experienced periods of underwhelming performance followed by significant, long-term contributions to economic and social structures. Recent developments in AI technology further support Cowen's thesis. OpenAI's enhancement of enterprise services and the advancement of models like Google's GPT-4 competitor illustrate ongoing innovation within the field ( ZDNet , Google ). Moreover, the rapid progression of open-source AI models, although less visible to the casual user, underscores a robust, underlying growth in AI capabilities that continues to push the boundaries of what these technologies can achieve ( Archive ). ZDNet Google Archive The Path Forward The Path Forward Despite the optimism expressed by some industry leaders, there are notable challenges and setbacks that temper the enthusiastic projections about AI. Issues such as the slower-than-anticipated adoption rates in enterprises and the mixed results of new AI products like Google Gemini Advanced highlight the complex reality facing AI development ( Diginomica , The Algorithmic Bridge ). Diginomica The Algorithmic Bridge The question remains whether generative AI will indeed follow the transformative paths of its predecessors or diverge due to unique challenges and societal dynamics. The industry's ability to navigate these challenges, coupled with ongoing technical advancements, will likely determine the trajectory of AI's impact on society. Concluding Thoughts Concluding Thoughts Generative AI's journey is marked by cycles of hype and recalibration, similar to earlier technologies. While immediate outcomes may seem underwhelming, the continued development and integration of AI into various sectors may very well underpin the next wave of significant technological and societal transformations. As with historical innovations, the true measure of AI's impact will likely be observed in hindsight, shaped by a complex interplay of technological capabilities, market forces, societal acceptance, and regulatory environments. References "A Peter Thiel-backed AI startup seeks $2 billion valuation" - The Wall Street Journal. Available at: https://www.wsj.com/tech/ai/a-peter-thiel-backed-ai-startup-cognition-labs-seeks-2-billion-valuation-998fa39d "Growth and investment in AI technology" - Exponential View. Available at: https://substack.com/@exponentialview/note/c-52677620 "AI startups overvalued" - The Information. Available at: https://www.theinformation.com/articles/ai-agenda-openai-is-a-relative-steal "Inflection AI dismantled" - TechCrunch. Available at: https://techcrunch.com/2023/06/29/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai/ "Stability AI's uncertain future" - Forbes. Available at: https://www.forbes.com/sites/kenrickcai/2024/03/29/how-stability-ais-founder-tanked-his-billion-dollar-startup/ Tyler Cowen on AI's ongoing revolution despite subdued hype - Bloomberg OpenAI introduces business version of ChatGPT - ZDNet Challenges in AI adoption within enterprises - Diginomica Google's GPT-4 and its marketplace challenges - The Algorithmic Bridge "A Peter Thiel-backed AI startup seeks $2 billion valuation" - The Wall Street Journal. Available at: https://www.wsj.com/tech/ai/a-peter-thiel-backed-ai-startup-cognition-labs-seeks-2-billion-valuation-998fa39d https://www.wsj.com/tech/ai/a-peter-thiel-backed-ai-startup-cognition-labs-seeks-2-billion-valuation-998fa39d "Growth and investment in AI technology" - Exponential View. Available at: https://substack.com/@exponentialview/note/c-52677620 https://substack.com/@exponentialview/note/c-52677620 "AI startups overvalued" - The Information. Available at: https://www.theinformation.com/articles/ai-agenda-openai-is-a-relative-steal https://www.theinformation.com/articles/ai-agenda-openai-is-a-relative-steal "Inflection AI dismantled" - TechCrunch. Available at: https://techcrunch.com/2023/06/29/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai/ https://techcrunch.com/2023/06/29/inflection-ai-lands-1-3b-investment-to-build-more-personal-ai/ "Stability AI's uncertain future" - Forbes. Available at: https://www.forbes.com/sites/kenrickcai/2024/03/29/how-stability-ais-founder-tanked-his-billion-dollar-startup/ https://www.forbes.com/sites/kenrickcai/2024/03/29/how-stability-ais-founder-tanked-his-billion-dollar-startup/ Tyler Cowen on AI's ongoing revolution despite subdued hype - Bloomberg Bloomberg OpenAI introduces business version of ChatGPT - ZDNet ZDNet Challenges in AI adoption within enterprises - Diginomica Diginomica Google's GPT-4 and its marketplace challenges - The Algorithmic Bridge The Algorithmic Bridge

Generative AI in 2024: Navigating the Evolution from Hype to Transformation

2024 সালে জেনারেটিভ এআই: হাইপ থেকে রূপান্তরে বিবর্তন নেভিগেট করা

Generative KI im Jahr 2024: Vom Hype zur Transformation

IA generativa en 2024: navegando por la evolución del entusiasmo a la transformación

L'IA générative en 2024 : naviguer dans l'évolution du battage médiatique à la transformation

2024 में जनरेटिव एआई: प्रचार से परिवर्तन तक विकास की यात्रा

2024 年の生成 AI: 誇大宣伝から変革への進化をナビゲート

2024년의 생성적 AI: 과대 광고에서 혁신으로의 진화 탐색

IA generativa em 2024: navegando na evolução do hype à transformação

Генеративный ИИ в 2024 году: путь эволюции от хайпа к трансформации

2024'te Üretken Yapay Zeka: Heyecandan Dönüşüme Evrimi Yönlendirmek

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The way to understand the way our mind works, the way society works, and that of the natural universe may be evolution. While pondering this I, as usual, came across a larger and more difficult question: What is purpose and where might it come from? Does purpose need a source? First, let me backtrack. We accept that evolution is the best description for the multitude of living species and their different attributes. Life itself seems to be a result of evolution, the change from non-living matter to cells that reproduce comes through the process of interaction – the blending of information, randomness (random mutation), and a best fit, or actually just fit to external surroundings. Actually, the concept of internal, inside the organism or your body, and the outside world may be far more blurred than we usually imagine. In what you call your body there are millions of bacteria many of which are necessary to your bodily functions. Although separate organisms they contribute to the whole of you, your organism. You are an amalgam. Your skin is porous letting in UV rays, chemicals (vitamin E crème for instance is designed to penetrate the skin) and sound and radiation waves pass through us as does electricity changing us in the process. This sideline just helps to illustrate that we like linear boxes although the universe is not boxed or linear. My idea sprouted wings while reading “Time Reborn” by physicist Lee Smolin. He posits that the rules of the universe, the physical laws of quantum and Newtonian physics, are a “best fit” group of rules like the DNA in an animal instructing it how to survive in its environment. They are not perfect but they are very close, and they seem to apply pretty much universally. There are infinite possibilities. But why is the speed of light a constant at 299,792,458 m/s?  Why these laws?  He proposes that these laws are the best fit for just this universe and they evolved with this universe in a coupling. These rules are still evolving. He sees black holes as the place where new laws are made and tested. Only those that fit the universe around them would survive. Recently I read an interview with acclaimed neurologist Gerald Edelman in NPQ and his description of the way our brain works and it is very similar to what I have previously written about on JeS in the article How to Create a Brain (Artificial Intelligence). Our brain finds the best fit or even any fit decisions or actions through a process of trial and error combined with randomness and imagination. Trial and error is essentially a very quick form of evolution. We test each new breed against current circumstances (often imagined) and those that don’t fit are “killed” off and those that do “survive” are tested in the real world and if successful stored for later use. But here I discovered the problem. We have a purpose. We are trying to achieve a goal. If we are trying to find the nearest Bunnings we can test different routes and modes of transport in our imagination first, and then test them in real life to fit the purposes of; Buying a hammer,
Speed of acquisition
Minimal cost. Our brain has purpose and so it creates new ideas and procedures – new information. It evolves making new connections between neurons. Societies and cultures do likewise; being an extension of the beings in them; they test ideas, adapt -making changes – then enforce rules when they have found the best fit. I have talked before about how rigid rules and hierarchies can actually stifle this evolutionary progression in societies. Cultures and societies can and do collapse – the death of a species – they can also spread memes like genes which hold the information for future use. But both animals and societies (groups of animals) have purpose.  In simple life forms the reproduction of the species is the purpose that drives everything. In simple cultures (groups) it is also the maintaining of the individuals to reproductive age to spread the species. But what is the purpose of the universe? What could the intrinsic purpose of a rock be?\ We, of course, have many purposes that are not directly related to the extension or maintenance of the entire species instead many relate solely to a good and happy life. Many people don’t breed but still have purpose. Humans just like many animals have dopamine receptors which give us pleasure from certain activities, and stress responses that cause us discomfort from bad experiences. Many of our evolutionary choice processes are driven by the desire to maximize pleasure and minimize pain. In a grander sense, we can invent purposes for ourselves. Be it making the world a better place or being the best footballer ever. Purpose seems to be a fluid thing, one that bends and maybe even forms from the environment and society in which we live. It may not need a linear root at all. Some people commit suicide and there is some speculation that whales may beach themselves as a form of suicide. That goes against the central purpose to progress the species. And, most importantly, many people never have children but still have purpose. Our need for a purpose to evolution is the way we try to interpret and understand the world. We want linear connections; we want a cause and effect. But there can be no ultimate cause, for nothing could cause it. Linear lines are endless. I am trying to get away from this way of thinking in this article about evolution being the way to comprehend the universe. However, there may be a way for our linear mind to understand such a concept. Perhaps the universe works in the same way as our brain. It does not need an intrinsic purpose from which all sub-purposes branch. Each micro-part, each atom, each string, and each energy field constantly adapts to the other fields and particles around it, and to the larger form, planets, stars, and gravity. An inter-loop of 4 (and possibly more) dimensional informational transfers; small to large, group and field to group, and field is all in constant flow. Constantly adapting to itself. It just is, and will, continue to be but in a constantly changing and interactive way. In the same way, we refer to the sun rising today as being a sunrise as we called yesterday’s, even though the temperature is different, the hue more magenta, and our mood less happy. The purpose (if required) is to form in the micro-interaction and randomness of evolution. Thus creating a larger organismic form, and then feeding back to itself.  We can box these things to absolutes that never existed. I would like to make one more comment about how physics may be able to help us grasp the non-linear. The theory of the Higgs Boson – which has been supported by experiments in the Large Hadron Collider –  that a Higgs Boson particle does imbalance the field of energy which causes energy to become matter. Imbalance; which we mean to be a purpose away from its desired state. This imbalance is pulling to a purpose, pulling to nothing, pulling to balance and inactivity, to chaos to infinity, which is the purpose of the universe. The matter comes from imbalance the in-between nothing and infinity, the imperfection of Plato’s forms as everything pulls toward perfect nothingness. So here we have the purpose of the universe and all comes from its inability to achieve it. As it is with us. This is just a prelude to something larger for there are too many vague areas for a thorough argument. Please think and write a comment if you want to help. This was first published a long time ago (2014) on my website JeSaurai.net which is over 20 years old now. The way to understand the way our mind works, the way society works, and that of the natural universe may be evolution. While pondering this I, as usual, came across a larger and more difficult question: What is purpose and where might it come from? Does purpose need a source? First, let me backtrack. We accept that evolution is the best description for the multitude of living species and their different attributes. Life itself seems to be a result of evolution, the change from non-living matter to cells that reproduce comes through the process of interaction – the blending of information, randomness (random mutation), and a best fit, or actually just fit to external surroundings. Actually, the concept of internal, inside the organism or your body, and the outside world may be far more blurred than we usually imagine. In what you call your body there are millions of bacteria many of which are necessary to your bodily functions. Although separate organisms they contribute to the whole of you, your organism. You are an amalgam. Your skin is porous letting in UV rays, chemicals (vitamin E crème for instance is designed to penetrate the skin) and sound and radiation waves pass through us as does electricity changing us in the process. This sideline just helps to illustrate that we like linear boxes although the universe is not boxed or linear. My idea sprouted wings while reading “Time Reborn” by physicist Lee Smolin. He posits that the rules of the universe, the physical laws of quantum and Newtonian physics, are a “best fit” group of rules like the DNA in an animal instructing it how to survive in its environment. They are not perfect but they are very close, and they seem to apply pretty much universally. There are infinite possibilities. But why is the speed of light a constant at 299,792,458 m/s?  Why these laws?  He proposes that these laws are the best fit for just this universe and they evolved with this universe in a coupling. These rules are still evolving. He sees black holes as the place where new laws are made and tested. Only those that fit the universe around them would survive. Recently I read an interview with acclaimed neurologist Gerald Edelman in NPQ and his description of the way our brain works and it is very similar to what I have previously written about on JeS in the article How to Create a Brain (Artificial Intelligence) . Our brain finds the best fit or even any fit decisions or actions through a process of trial and error combined with randomness and imagination. Trial and error is essentially a very quick form of evolution. We test each new breed against current circumstances (often imagined) and those that don’t fit are “killed” off and those that do “survive” are tested in the real world and if successful stored for later use. But here I discovered the problem. We have a purpose. We are trying to achieve a goal. If we are trying to find the nearest Bunnings we can test different routes and modes of transport in our imagination first, and then test them in real life to fit the purposes of; Gerald Edelman in NPQ Create a Brain (Artificial Intelligence) Buying a hammer, Speed of acquisition Minimal cost. Buying a hammer, Speed of acquisition Minimal cost. Our brain has purpose and so it creates new ideas and procedures – new information. It evolves making new connections between neurons. Societies and cultures do likewise; being an extension of the beings in them; they test ideas, adapt -making changes – then enforce rules when they have found the best fit. I have talked before about how rigid rules and hierarchies can actually stifle this evolutionary progression in societies. Cultures and societies can and do collapse – the death of a species – they can also spread memes like genes which hold the information for future use. can actually stifle But both animals and societies (groups of animals) have purpose.  In simple life forms the reproduction of the species is the purpose that drives everything. In simple cultures (groups) it is also the maintaining of the individuals to reproductive age to spread the species. But what is the purpose of the universe? What could the intrinsic purpose of a rock be?\ We, of course, have many purposes that are not directly related to the extension or maintenance of the entire species instead many relate solely to a good and happy life. Many people don’t breed but still have purpose. Humans just like many animals have dopamine receptors which give us pleasure from certain activities, and stress responses that cause us discomfort from bad experiences. Many of our evolutionary choice processes are driven by the desire to maximize pleasure and minimize pain. In a grander sense, we can invent purposes for ourselves. Be it making the world a better place or being the best footballer ever. Purpose seems to be a fluid thing, one that bends and maybe even forms from the environment and society in which we live. It may not need a linear root at all. Some people commit suicide and there is some speculation that whales may beach themselves as a form of suicide. That goes against the central purpose to progress the species. And, most importantly, many people never have children but still have purpose. Our need for a purpose to evolution is the way we try to interpret and understand the world. We want linear connections; we want a cause and effect. But there can be no ultimate cause, for nothing could cause it. Linear lines are endless. I am trying to get away from this way of thinking in this article about evolution being the way to comprehend the universe. However, there may be a way for our linear mind to understand such a concept. Perhaps the universe works in the same way as our brain. It does not need an intrinsic purpose from which all sub-purposes branch. Each micro-part, each atom, each string, and each energy field constantly adapts to the other fields and particles around it, and to the larger form, planets, stars, and gravity. An inter-loop of 4 (and possibly more) dimensional informational transfers; small to large, group and field to group, and field is all in constant flow. Constantly adapting to itself. It just is, and will, continue to be but in a constantly changing and interactive way. In the same way, we refer to the sun rising today as being a sunrise as we called yesterday’s, even though the temperature is different, the hue more magenta, and our mood less happy. The purpose (if required) is to form in the micro-interaction and randomness of evolution. Thus creating a larger organismic form, and then feeding back to itself.  We can box these things to absolutes that never existed. I would like to make one more comment about how physics may be able to help us grasp the non-linear. The theory of the Higgs Boson – which has been supported by experiments in the Large Hadron Collider –  that a Higgs Boson particle does imbalance the field of energy which causes energy to become matter. Imbalance; which we mean to be a purpose away from its desired state. This imbalance is pulling to a purpose, pulling to nothing, pulling to balance and inactivity, to chaos to infinity, which is the purpose of the universe. The matter comes from imbalance the in-between nothing and infinity, the imperfection of Plato’s forms as everything pulls toward perfect nothingness. So here we have the purpose of the universe and all comes from its inability to achieve it. As it is with us. This is just a prelude to something larger for there are too many vague areas for a thorough argument. Please think and write a comment if you want to help. This was first published a long time ago (2014) on my website JeSaurai.net which is over 20 years old now. This was first published a long time ago (2014) on my website JeSaurai.net which is over 20 years old now.

The Quest for Purpose: Evolutionary Perspectives on Mind and Universe

Digital avatars continue to be a significant element in shaping our online personas. With a valuation of USD 19.7 Billion in 2023, the digital avatar market is growing rapidly and is projected to reach USD 533.8 Billion by 2032. At Social Discovery Group, we actively create products that contribute to Social Life 3.0, making us deeply interested in digital avatars. In this article, we will trace their captivating progression from basic internet profiles to complex virtual entities that mirror our characters and ambitions. Understanding of Digital Avatars Primarily, cyber avatars are artificial reflections of personas in various online settings. A digital avatar is essentially an electronic image that acts as a user's online identity and can be controlled by them. These avatars come in various styles, ranging from cartoonish to abstract and artistic representations. Digital avatars, which are digitally created depictions of individuals or entities, perform a vital function in creating tailored client connections and representing people within digital realms. Due to progress in artificial intelligence (AI) and computer graphics, virtual identities are becoming increasingly authentic and vivid. Key Drivers and Solutions Offered The growth in the digital characters field is being fueled by their widespread adoption across sectors, including online dating, gaming, entertainment, social media, and e-commerce. Digital personalities are utilized in various roles, such as client support representatives, educators, virtual healthcare assistants, entertainment characters, and marketing presenters. Online Dating Industry The online dating industry is evolving with personalized avatar experiences. Magnet, a product from SDG investments, offers tailored interactions by creating customizable cartoon avatars for users. This eliminates visual biases, enabling users to engage in chat, complete challenges, and enhance their digital identity through shared experiences. Users can unlock each other's photos upon discovering compatible matches based on personality traits. Gaming and Entertainment The gaming industry plays a key role in driving the cyber avatar market by incorporating avatars to boost player engagement and create immersive virtual gaming environments. The increasing popularity of Virtual Reality (VR) and Augmented Reality (AR) gaming is expected to drive the demand for cyber personas. For instance, Fortnite's groundbreaking collaboration with Ariana Grande leveraged NFTs to enhance user engagement and deliver unique brand experiences across various platforms. The introduction of Ariana Grande-themed skins in Fortnite garnered significant traction within the gaming community. Additionally, award-winning artists Lady Gaga and The Weeknd served as the featured Icons for Fortnite Festival. Users could unlock new instruments, jam tracks, and more by progressing through the Festival Pass. Social Media and Communication Social media platforms are becoming increasingly popular, leading to a growing demand for digital personas. Users can now express themselves dynamically and communicate with others in a unique style through the use of avatars, as seen on platforms like Instagram. Education and Training In the educational field, avatars play a crucial role in creating engaging learning experiences. Students can interact with historical figures in virtual environments, explore renowned museums like the Louvre or the British Museum, and immerse themselves in virtual worlds such as Adapted Mind or Eduverse to enhance their educational journey. Business and Marketing The integration of cyber avatars in the corporate world is increasing for promotion and client support purposes, adding a distinct flair while boosting user interaction. In the e-commerce field, avatars are applied to embody clients and improve shopping impressions, aligning with the growing trend of online retail. As an illustration, Gucci has collaborated with Genies to integrate the SDK (Software Development Kit) into their apps, allowing customers to create personalized avatars that resemble them. Tech Readiness and Technological Advancements for Avatars The emergence of advanced technologies such as AR, VR, and AI has paved the way for the widespread adoption of digital avatars. This transformation is not solely driven by AI but also by the evolving preferences of target audiences and the unique traits of various demographic groups. The AR and VR market is forecasted to reach a revenue of USD 38.6 Billion by 2024, with an anticipated annual growth rate of 10.77% (CAGR 2024-2028), leading to an estimated market size of USD 58.1 Billion by 2028. Here are some examples of technological advancements for avatars. Apple Vision Pro Apple has presented Apple Vision Pro, a cutting-edge spatial computing device that smoothly merges cyber items with the real world, allowing people to stay joined and involved with others. With the innovative spatial operating system, visionOS, users can interact with cyber content, including avatars, as if it were physically part of their surroundings. Second Life Metaverse Second Life is an online multimedia platform where individuals can design avatars to engage with other users and user-generated content in a shared virtual world. Referred to as 'residents', users create virtual versions of themselves, known as avatars, to interact with locations, objects, and fellow avatars. GAMMA AR Construction The GAMMA AR construction app enables users to effortlessly compare project plans with on-site reality, intuitively identifying discrepancies to prevent errors effectively and minimize rework. The digital avatar market has undergone significant evolution, becoming a vital element across diverse industries and online platforms. As technology progresses, avatars are poised to revolutionize how we communicate, learn, and participate in virtual and physical settings, shaping the upcoming era of digital engagements. Also published here. Digital avatars continue to be a significant element in shaping our online personas. With a valuation of USD 19.7 Billion in 2023, the digital avatar market is growing rapidly and is projected to reach USD 533.8 Billion by 2032. At Social Discovery Group, we actively create products that contribute to Social Life 3.0, making us deeply interested in digital avatars. In this article, we will trace their captivating progression from basic internet profiles to complex virtual entities that mirror our characters and ambitions. digital avatar market Understanding of Digital Avatars Primarily, cyber avatars are artificial reflections of personas in various online settings. A digital avatar is essentially an electronic image that acts as a user's online identity and can be controlled by them. These avatars come in various styles, ranging from cartoonish to abstract and artistic representations. Digital avatars, which are digitally created depictions of individuals or entities, perform a vital function in creating tailored client connections and representing people within digital realms. Due to progress in artificial intelligence (AI) and computer graphics, virtual identities are becoming increasingly authentic and vivid. Key Drivers and Solutions Offered Key Drivers and Solutions Offered The growth in the digital characters field is being fueled by their widespread adoption across sectors, including online dating, gaming, entertainment, social media, and e-commerce. Digital personalities are utilized in various roles, such as client support representatives, educators, virtual healthcare assistants, entertainment characters, and marketing presenters. Online Dating Industry Online Dating Industry The online dating industry is evolving with personalized avatar experiences. Magnet , a product from SDG investments, offers tailored interactions by creating customizable cartoon avatars for users. This eliminates visual biases, enabling users to engage in chat, complete challenges, and enhance their digital identity through shared experiences. Users can unlock each other's photos upon discovering compatible matches based on personality traits. Magnet SDG Gaming and Entertainment Gaming and Entertainment The gaming industry plays a key role in driving the cyber avatar market by incorporating avatars to boost player engagement and create immersive virtual gaming environments. The increasing popularity of Virtual Reality (VR) and Augmented Reality (AR) gaming is expected to drive the demand for cyber personas. For instance, Fortnite 's groundbreaking collaboration with Ariana Grande leveraged NFTs to enhance user engagement and deliver unique brand experiences across various platforms. The introduction of Ariana Grande-themed skins in Fortnite garnered significant traction within the gaming community. Fortnite Additionally, award-winning artists Lady Gaga and The Weeknd served as the featured Icons for Fortnite Festival. Users could unlock new instruments, jam tracks, and more by progressing through the Festival Pass. Social Media and Communication Social Media and Communication Social media platforms are becoming increasingly popular, leading to a growing demand for digital personas. Users can now express themselves dynamically and communicate with others in a unique style through the use of avatars, as seen on platforms like Instagram . Instagram Education and Training Education and Training In the educational field, avatars play a crucial role in creating engaging learning experiences. Students can interact with historical figures in virtual environments, explore renowned museums like the Louvre or the British Museum, and immerse themselves in virtual worlds such as Adapted Mind or Eduverse to enhance their educational journey. Adapted Mind Eduverse Business and Marketing Business and Marketing The integration of cyber avatars in the corporate world is increasing for promotion and client support purposes, adding a distinct flair while boosting user interaction. In the e-commerce field, avatars are applied to embody clients and improve shopping impressions, aligning with the growing trend of online retail. As an illustration, Gucci has collaborated with Genies to integrate the SDK (Software Development Kit) into their apps, allowing customers to create personalized avatars that resemble them. Gucci has collaborated Tech Readiness and Technological Advancements for Avatars The emergence of advanced technologies such as AR, VR, and AI has paved the way for the widespread adoption of digital avatars. This transformation is not solely driven by AI but also by the evolving preferences of target audiences and the unique traits of various demographic groups. The AR and VR market is forecasted to reach a revenue of USD 38.6 Billion by 2024, with an anticipated annual growth rate of 10.77% (CAGR 2024-2028), leading to an estimated market size of USD 58.1 Billion by 2028. Here are some examples of technological advancements for avatars. forecasted Apple Vision Pro Apple Vision Pro Apple has presented Apple Vision Pro , a cutting-edge spatial computing device that smoothly merges cyber items with the real world, allowing people to stay joined and involved with others. With the innovative spatial operating system, visionOS, users can interact with cyber content, including avatars, as if it were physically part of their surroundings. Apple Vision Pro Second Life Metaverse Second Life Metaverse Second Life is an online multimedia platform where individuals can design avatars to engage with other users and user-generated content in a shared virtual world. Referred to as 'residents', users create virtual versions of themselves, known as avatars, to interact with locations, objects, and fellow avatars. Second Life GAMMA AR GAMMA AR Construction The GAMMA AR construction app enables users to effortlessly compare project plans with on-site reality, intuitively identifying discrepancies to prevent errors effectively and minimize rework. GAMMA AR The digital avatar market has undergone significant evolution, becoming a vital element across diverse industries and online platforms. As technology progresses, avatars are poised to revolutionize how we communicate, learn, and participate in virtual and physical settings, shaping the upcoming era of digital engagements. Also published here. Also published here . here

Are Digital Avatars The Next Phase of Human Evolution?

Greetings everyone! My name is Geolffrey Mena, and I am excited to introduce myself as a 35-year-old software engineer currently based in Nicaragua. In addition to my passion for technology, I have a love for nature, accompanied by eight adorable dogs who bring joy to my daily life. During my leisure time, I enjoy playing video games, reading technical and self-improvement books, as well as immersing myself in captivating series. As an individual, I consider myself a perpetual learner, always focused on creating and innovating in the world of software engineering. I am passionate about understanding the principles, methodologies, and patterns of this field, and sharing that knowledge with others who are on the path to understanding it. I acknowledge my limitations and am open to external influences, understanding that learning is a continuous process that requires humility (you can't always be right). To be honest, I must admit that I am not an expert in all tools. My focus is on the fundamentals, as I understand that I cannot master every technology at once (it often frustrates me to see too many technologies grouped together trying to solve the same problem), so I prefer to learn each thing as the need arises. My learning process follows a defined scheme: first, I understand the context of the problem, then I look for the most suitable tool. Sometimes, when I have time, I prefer to reinvent the wheel and create my own tool to better understand how it works. I dedicate time to studying the documentation and understanding the decisions behind the design. Once the tool is selected, I move on to practicing in a repetitive cycle of creation and refactoring. I strive to polish the implementation, following best practices and clean code. I even adjust function names if I feel they are not suitable for the problem domain. Currently, I am interested in distributed computing, blockchains, and cryptography, and I am working on my own paper proposing a solution for securely (curated) consuming multimedia content in distributed networks like IPFS. Regarding my technical skills, I excel in development with Python, Golang, and JavaScript/TypeScript/Node. Furthermore, I have delved into architecture, particularly in event-driven styles with a serverless approach, using AWS services such as microservices with Step Functions and Lambda, as well as tools like Terraform (IaC) and GitOps in Kubernetes environments. My focus on blockchain centers around Solidity EVM (ERC-20, ERC-11155, among others). Since I understood that software engineering goes beyond the myth of the lone genius, I have adopted a teamwork approach. I firmly believe that everything in software engineering is about teamwork, where collaboration, knowledge sharing, and healthy competition play a fundamental role. I have been inspired by the culture of respect, trust, and humility, which I have found in books like "Software Engineering" at Google. I have a slight obsession with clean code and best practices, as long as they do not affect my productivity. I am passionate about finding simple and effective solutions, firmly believing in the principle that "simple is better" than unnecessary complexity. Over the past ten years, I have accumulated valuable work experience in a wide range of projects, from initiatives related to blockchains and exchanges to e-commerce and transportation. However, the most significant project I participated in was international remittances. Additionally, I ventured into starting my own company, although with modest results, the experience was enriching. I would like to highlight my time at an international shipping company, where I served as a Principal Software Engineer for an extended period. In this company, I acquired fundamental skills related to financial technology, regulations, process analysis, architecture, and customer relationship management. Operating since 1980, the company faced significant challenges with outdated manual processes that hindered its competitiveness in the remittance market. My contribution focused on analyzing these obstacles, understanding the problem context, and designing and implementing innovative solutions that allowed for a new scalable, and robust architecture. My last role in the company was as a solution architect, where I led the development of a new application to improve customer relations. This application, which enables free international remittance, could propel the company to the top spot in the regional market between Miami and Nicaragua. My involvement in this project as a solutions architect and leader of the mobile development team allowed me to implement a scalable and robust infrastructure based on microservices with serverless and step functions. Currently, I am in search of new job opportunities. Despite not being employed at the moment, my commitment to excellence and desire to continue learning make me a valuable candidate for any company that values the experience and potential of its employees. Greetings everyone! My name is Geolffrey Mena, and I am excited to introduce myself as a 35-year-old software engineer currently based in Nicaragua. In addition to my passion for technology, I have a love for nature, accompanied by eight adorable dogs who bring joy to my daily life. During my leisure time, I enjoy playing video games, reading technical and self-improvement books, as well as immersing myself in captivating series. As an individual, I consider myself a perpetual learner, always focused on creating and innovating in the world of software engineering. I am passionate about understanding the principles, methodologies, and patterns of this field, and sharing that knowledge with others who are on the path to understanding it. I acknowledge my limitations and am open to external influences, understanding that learning is a continuous process that requires humility (you can't always be right). To be honest, I must admit that I am not an expert in all tools. My focus is on the fundamentals, as I understand that I cannot master every technology at once (it often frustrates me to see too many technologies grouped together trying to solve the same problem), so I prefer to learn each thing as the need arises. My learning process follows a defined scheme: first, I understand the context of the problem, then I look for the most suitable tool. Sometimes, when I have time, I prefer to reinvent the wheel and create my own tool to better understand how it works. I dedicate time to studying the documentation and understanding the decisions behind the design. Once the tool is selected, I move on to practicing in a repetitive cycle of creation and refactoring. I strive to polish the implementation, following best practices and clean code. I even adjust function names if I feel they are not suitable for the problem domain. Currently, I am interested in distributed computing, blockchains, and cryptography, and I am working on my own paper proposing a solution for securely (curated) consuming multimedia content in distributed networks like IPFS. Regarding my technical skills, I excel in development with Python, Golang, and JavaScript/TypeScript/Node. Furthermore, I have delved into architecture, particularly in event-driven styles with a serverless approach, using AWS services such as microservices with Step Functions and Lambda, as well as tools like Terraform (IaC) and GitOps in Kubernetes environments. My focus on blockchain centers around Solidity EVM (ERC-20, ERC-11155, among others). Since I understood that software engineering goes beyond the myth of the lone genius, I have adopted a teamwork approach. I firmly believe that everything in software engineering is about teamwork, where collaboration, knowledge sharing, and healthy competition play a fundamental role. I have been inspired by the culture of respect, trust, and humility, which I have found in books like "Software Engineering" at Google. I have a slight obsession with clean code and best practices, as long as they do not affect my productivity. I am passionate about finding simple and effective solutions, firmly believing in the principle that "simple is better" than unnecessary complexity. Over the past ten years, I have accumulated valuable work experience in a wide range of projects, from initiatives related to blockchains and exchanges to e-commerce and transportation. However, the most significant project I participated in was international remittances. Additionally, I ventured into starting my own company, although with modest results, the experience was enriching. I would like to highlight my time at an international shipping company, where I served as a Principal Software Engineer for an extended period. In this company, I acquired fundamental skills related to financial technology, regulations, process analysis, architecture, and customer relationship management. Operating since 1980, the company faced significant challenges with outdated manual processes that hindered its competitiveness in the remittance market. My contribution focused on analyzing these obstacles, understanding the problem context, and designing and implementing innovative solutions that allowed for a new scalable, and robust architecture. My last role in the company was as a solution architect, where I led the development of a new application to improve customer relations. This application, which enables free international remittance, could propel the company to the top spot in the regional market between Miami and Nicaragua. My involvement in this project as a solutions architect and leader of the mobile development team allowed me to implement a scalable and robust infrastructure based on microservices with serverless and step functions. Currently, I am in search of new job opportunities. Despite not being employed at the moment, my commitment to excellence and desire to continue learning make me a valuable candidate for any company that values the experience and potential of its employees.

Exploring My Journey: A Software Engineer in Constant Evolution

Throughout history, the prevailing narrative surrounding compliance has been one of necessity, not choice, and audits are approached with a sense of inevitability rather than opportunity. This conventional framing has branded the auditor as a necessary evil and means to an end, allowing a lack of evolution in the industry. However, that is all changing as innovators have given attention to solving a problem of growing importance. Regulations like the California Consumer Privacy Act (CCPA) and the wave of international and state data that continue to grow are just signs of the times — data is valuable, and companies must go the extra mile to protect it. And, for SaaS companies that create value only when allowed to interact with that data, reassuring others they deserve trust is a critical business objective. privacy regulations One method for sharing an organization’s approach to security growing in popularity and importance is completing a (SOC 2®) report. This voluntary compliance framework showcases the policies and procedures companies put in place to protect sensitive information so potential clients can gain confidence. In turn, SOC 2 reports become a selling point for SaaS companies, especially amid growing cybersecurity concerns. These reports demonstrate an objective and independent third party (an auditor) has verified a company’s security commitments. System and Organization Controls 2 As SOC 2 reports and other compliance initiatives have been positioned to drive opportunity (or avoid stagnation) it’s placed the governance, risk, and compliance (GRC) function in the spotlight. What once received little attention suddenly serves as a lynchpin for growth and is driving new investments and fresh ideas into the space, which is revolutionizing the approach and attitude towards compliance. Why the time for simplified compliance is now There has never been a better moment to be a than today. In 2023, investment went to companies with this business model. As companies need more digital tools to automate workflows, SaaS companies, big and small, continue to innovate with tailored solutions for companies of all kinds to run in the cloud. SaaS company almost half of all venture capital At the same time, it has never been more challenging to be a SaaS company. A recent survey of over 600 security practitioners revealed that of these businesses had cybersecurity incidents in the past year. Malicious actors know too well that SaaS businesses grapple with high amounts of sensitive data, making great cyberattack targets. 79% In the quest to stay secure, companies want to know they’re hiring the right vendors to host or support their services in the cloud and are protected from these attacks by way of compliance. This is where auditors come in to help companies become the best version of themselves to deliver top-notch services and build customer confidence. And the good news is CPA firms can adopt digital approaches to bridge the gap between company and auditor, simplifying examinations for both parties. Evolving requirements offer new relationships with auditors Ever-expanding complexity and the availability of new technology have created opportunities for a new type of auditor. The goal of a SOC 2 report is to demonstrate a company is living up to its commitments, not meeting the expectations or standards of the auditor. This approach requires significant judgment, technical skill, and a deft touch that can only be delivered by a highly experienced professional interacting directly with the client. Such a process wasn’t practical until very recently with automation tools and other compliance software. What’s exciting about this new tech is it allows the most talented members of an audit team to interact directly with the client. These individuals have broad knowledge and can share best practices to strengthen compliance and security in the companies they’re auditing. There is a growing compliance community approaching these services with a niche focus that builds on its knowledge and skills with each engagement. That experience can enhance an organization’s data security operations and deliver the assurance their customers need. Technology makes for simple, streamlined compliance It cannot go unsaid this new relationship between companies and compliance used to be impossible. Compliance has historically been viewed as hard and complex because it hard and complex! was The complexity of being “compliant” has remained relatively static, but the tools supporting these efforts have seen transformational enhancements in recent years. Almost overnight, the industry went from spreadsheets and paper checklists to automated tools and billions of dollars in investment in the space as we have continued to see GRC SaaS unicorns. The biggest obstacle in modern compliance is often translating specific company requirements and sorting through evidence. Once understood, the individual tasks are quite simple, but there are many tasks and no clear roadmap. Compliance tools create the roadmap for companies to complete their SOC 2 report, and allow them to “tether” their operations to compliance systems that let auditors track their activities and operate the controls. All of this happens while maintaining organizational velocity, which is critical to any SaaS company. Through technology, companies can organize their compliance efforts and share them with auditors in a language they both understand — removing much of the noise that often comes from the back-and-forth in compliance examinations. At a minimum, these tools result in a streamlined and simplified approach, and when you find the right combination of auditor, company, and compliance platform, that is the recipe for a strong security program and a healthy organization. This article was originally published by on Mike DeKock The Sociable.

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