AI, LLMs & Emerging Tech
How large language models and emerging systems actually work: architecture, prompting mechanics, local model hosting, plus blockchain, Web3, and IoT.
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What’s Actually Happening When You Talk to ChatGPT?: How LLMs (Large Language Models) Actually Work, Explained Simply
Okay so you’ve used ChatGPT, or Claude, or whatever chatbot your company just made you download. And at some point you’ve probably wondered…what IS this thing actually doing?? Is it thinking? Is it googling stuff behind the scenes? (Unless you’re using a search-enabled feature, nope!) Is there some giant database somewhere with every answer already written down? Nope. Let’s break this down. What is an LLM, really? A large language model predicts the next word. One word at a time. Based on patterns it picked up from a truly absurd amount of text. That’s it. That’s the whole trick!! Everything else you’ve seen it do — writing paragraphs, spitting out…
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Blockchain & Money: Session 20: Primary Markets, ICOs, and Venture Capital, Part 2, by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain Technology: In the News…
Blockchain & Money: Session 16: Central Banks and Commercial Banking, Part 2 by M.I.T. Sloan School of Management with Professor Gary Gensler
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Metaverse security is a thing because security is still a thing…
With all this talk about the metaverse and Web3.0, it’s easy (always too easy it seems) for security to become an afterthought, instead of a before-thought, or even a during-thought. So, please. Let’s discuss METAVERSE SECURITY. Even if you still have no idea what the metaverse is or what the “Web 3.0/Web3” is, you must understand that being online on the Internet exposes you much like you are exposed the very moment you leave your house. Once you leave the domain and sanctuary of one’s home, we are exposed and take measures to mitigate risks and privacy. We wear clothing to protect us, yes, and also to shield our most…
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Blockchain & Money: Sessions 1 & 2: Introduction and Money, Ledgers & Bitcoin by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain & Money: Session 9: Permissioned Systems by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain & Money: Session 23: Digital ID, by M.I.T. Sloan School of Management with Professor Gary Gensler
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What Is The Metaverse?
The term “metaverse” is a word that has been around for decades but has recently been thrust into the broader spotlight, and is thus having it’s moment of media spotlight glory. The term “metaverse” is rooted in sci-fi literature by general consensus of, well, almost everyone. However, the term blasted into mainstream consciousness this past year, especially over the summer with Facebook announcing the beginnings of its own metaverse push, and further digging in recently with a full rebranding to Meta, A Social Technology Company amid the current turmoil in regards The Wall Street Journal’s “Facebook Files” investigation of whistleblower Francis Haugen. Mark Zuckerberg did not invent the term “metaverse”.…
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Blockchain & Money: Session 20: Primary Markets, ICOs, and Venture Capital, Part 2, by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain & Money: Sessions 1 & 2: Introduction and Money, Ledgers & Bitcoin by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain & Money: Session 22: Trade Finance & Supply Chain, by M.I.T. Sloan School of Management with Professor Gary Gensler
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Blockchain & Money: Session 18: , by M.I.T. Sloan School of Management with Professor Gary Gensler
Session 18: Overview: Session 18: Study Questions: What are the opportunities that the Intercontinental Exchange is trying to tap with its recent announcement of Bakkt? Is it more about payment solutions or exchange trading? What to Microsoft and Starbucks hope to gain for their business models? Who is Jeff Sprecher? Who is Kelly Loeffler? How did these two–once a power plant entrepreneur and equity research analyst–successfully found a leading trading company, take over the New York Stock Exchange and now challenge conventions with bitcoin and blockchain technology Session 18: Readings: ‘ICE Announces Bakkt, a Global Platform and Ecosystem for Digital Assets’, ICE. ‘The NYSE’s Owner Wants to Bring Bitcoin to…
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Blockchain & Money: Session 7: Technical Challenges by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain & Money: Session 21: Post Trade Clearing, Settlement, and Processing, by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain & Money: Session 19: Primary Markets, ICOs, and Venture Capital, Part 1, by M.I.T. Sloan School of Management with Professor Gary Gensler
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What is Blockchain Technology?
Cryptocurrency a medium of exchange; a digital asset. its created & stored electronically in the blockchain, using encryption techniques to control the creation of monetary units and to verify the transfer of funds. (Bitcoin is the most widely know example.) Cryptocurrency has no intrinsic value (meaning not redeemable for another commodity, such as gold). It has no physical form (and exists only in the network). Cryptocurrency is DECENTRALIZED. It’s supply is not determined by a central bank; the network is completely decentralized. Blockchain–a distributed ledger technology; a database that is shared, replicated and in-sync. Blockchain–a blockchain is a decentralized ledger of all transactions across a peer-to-peer network. By using blockchain…
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Blockchain & Money: Session 23: Digital ID, by M.I.T. Sloan School of Management with Professor Gary Gensler
Session 23: Digital ID Overview: Readings and Study Questions; Identity; Identity and Access Management; State Projects; Identity & Blockchain Technology; Your MIT Blockchain Diploma; Conclusions. Session 23: Study Questions What are the trade-offs of using blockchain technology for identity and access management (IAM)? What is self-sovereign identity? How might blockchain self-sovereign or digital identity applications be applicable within the financial sector? Will you ask for your MIT diploma digitally or on paper? Session 23: Readings ‘Self-sovereign identity:Why blockchain?’, IBM. ‘Blockchain and Digital Identity–A Good Fit?’, Internet Society. ‘Can blockchain ease banks’ digital-identity concerns?’, -American Banker. ‘Blockchains and Digital Identity’, Toward Data Science. ‘Singapore Regulator, Banks Complete KYC Blockchain Prototype’, CCN.…
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Post-Quantum Cryptography: The Race Is On
Blockchain & Money: Session 13: Blockchain Payments, Part 1 by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain & Money: Session 7: Technical Challenges by M.I.T. Sloan School of Management with Professor Gary Gensler
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Blockchain & Money: Session 22: Trade Finance & Supply Chain, by M.I.T. Sloan School of Management with Professor Gary Gensler
Session 22: Trade Finance & Supply Chain Overview: Readings and Study Questions; Trade Finance; Trade Finance Blockchain Technology Efforts; Shipping and Supply Chain Blockchain Projects; Final Projects; Spring Courses; Conclusions. Session 22: Study Questions What attributes of trade finance and supply chain management might make this a ripe set of use cases for blockchain applications? What lessons might be drawn from the ongoing projects? Session 22: Readings ‘Trade Tech–A New Age for Trade and Supply Chain Finance’, World Economic Forum/Bain. ‘How Banks Are Teaming Up To Bring Blockchain To Trade Finance’, CB Insights. ‘Hong Kong, Singapore to link up trade finance blockchain platforms’, Reuters. ‘Business Interest in Blockchain Picks Up…
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Blockchain & Money: Session 7: Technical Challenges by M.I.T. Sloan School of Management with Professor Gary Gensler
Metaverse security is a thing because security is still a thing…
Blockchain & Money: Session 10: Financial System Challenges & Opportunities by M.I.T. Sloan School of Management with Professor Gary Gensler
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Blockchain & Money: Session 21: Post Trade Clearing, Settlement, and Processing, by M.I.T. Sloan School of Management with Professor Gary Gensler
Session 21: Post Trade Clearing, Settlement, and Processing Overview: Readings and Study Questions; Clearing and Settlement Services; Blockchain Technology Applicability; Blockchain Technology Projects; Derivatives Common Domain Model; Conclusions. Session 21: Study Questions What are the opportunities of blockchain technology to lower costs and counter-party risks in the clearing, settlement and processing of financial transactions? Why have the applications proposed to date almost exclusively been focused on permissioned or private distributed ledger technology? What lessons might be drawn from the ongoing projects–ASX for equities, ISDA for swaps, others? Session 21: Readings ‘Blockchain could save investment banks up to $12 billion a year: Accenture’, Reuters. ‘ISDA Publishes Digital Iteration of the Common…
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Blockchain & Money: Session 20: Primary Markets, ICOs, and Venture Capital, Part 2, by M.I.T. Sloan School of Management with Professor Gary Gensler
Session 20: Primary Markets, ICOs, and Venture Capital, Part 2 Overview: Readings and Study Questions; Investor Protection and Howey Test; Initial Coin Offerings–Some Realities; SEC Enforcement Actions; SEC Exempt Offerings; ICOs–Pat Forward; Conclusions. Session 20: Study Questions How ICOs mix economic attributes of both consumption and investment. How ICO tokens’ design features–their risks, expectation of profits, manner of marketing, exchange trading, limited supply and capital formation–are similar to investments schemes. Why is the ICO market rife with scams and fraud? What is the U.S. Securities and Exchange Commission’s current approach to ICOs? What are the options for completing a compliant ICO? Session 20: Readings ‘Digital Asset Transactions: When Howey Met…
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Blockchain & Money: Session 11: Blockchain Economics by M.I.T. Sloan School of Management with Professor Gary Gensler
Blockchain & Money: Session 9: Permissioned Systems by M.I.T. Sloan School of Management with Professor Gary Gensler
What’s Actually Happening When You Talk to ChatGPT?: How LLMs (Large Language Models) Actually Work, Explained Simply
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Blockchain & Money: Session 19: Primary Markets, ICOs, and Venture Capital, Part 1, by M.I.T. Sloan School of Management with Professor Gary Gensler
Session 19: Primary Markets, ICOs, and Venture Capital, Part 1 Overview: Readings and Study Questions; Review of Bakkt Discussion; Initial Coin Offering (ICO) Characteristics; Evaluating ICOs; ICO Statistics; Conclusions. Session 19: Study Questions What is the new crowdfunding mechanism of blockchain technology–initial coin offerings (ICOs)? What attributes help distinguish successful ICOs? Why have so many ICOs failed? What has the wave of ICOs meant for the venture capital field? Session 19: Readings ‘All-Time Cumulative ICO Funding’, CoinDesk. ‘Initial Coin Offerings and the Value of Crypto Tokens’, Catalini and Gans. ’10 keys for evaluating Initial Coin Offering (ICO investments)’, Crypto Potato. ‘Nearly Half of 2017 Cryptocurrency “ICO” Projects Have Already Died’,…
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Post-Quantum Cryptography: The Race Is On
Blockchain & Money: Session 15: Central Banks and Commercial Banking, Part 1 by M.I.T. Sloan School of Management with Professor Gary Gensler
What’s Actually Happening When You Talk to ChatGPT?: How LLMs (Large Language Models) Actually Work, Explained Simply
