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Search Result for “commercial banks”

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LIFE

Marketeers have simple choices

Life, James Hein, Published on 18/02/2026

» If you use a mobile phone for playing any games, then typically along with that comes all of the advertisements and marketing presentations. First however, there is the "free download", this means you can download it for free, install and run it. After that, things may not be free at all. This is to be expected as advertising is one of the few ways to make any income from the games being played by millions of people across the planet.

LIFE

Microsoft put on the naughty step by Aussie regulator

Life, James Hein, Published on 05/11/2025

» Microsoft has been at it again. The Competition & Consumer Commission in Australia has started a legal process against the Redmond giant for apparently misleading users of the policies for its Microsoft 365 bundle. Microsoft advised users with a Personal and Family plan that "to maintain their subscription they must accept the integration of Copilot and pay higher prices for their plan, or, alternatively, cancel their subscription".

LIFE

Will Tesla's camera-only autonomy prove its mettle?

Life, James Hein, Published on 02/07/2025

» I'm still not convinced that Tesla's camera-only approach will work well in all situations. According to a quick AI search, Elon doesn't like Lidar based on "cost, complexity, and philosophical disagreement with its necessity". Other manufacturers seem to have no problem with the first two of these and I challenge his last reason. I would have thought that a combination of available technologies would give you the safest options for all circumstances.

LIFE

OpenAI's search for profit is a risk

Life, James Hein, Published on 26/02/2025

» Is Sam Altman potentially the most dangerous person on the planet? An interesting question. Sam Altman is the CEO of OpenAI, the company that made the AI that everyone knows as ChatGPT. The original aim of OpenAI back in the day, when Elon Musk was involved, was a fully open-source product that would be scrutinised and controlled by the wider population. In contrast, the focus of Altman appears to be money. OpenAI is currently looking for an injection of funds to make it a fully commercial enterprise. When that is the focus, safety is a secondary consideration and you can end up with Skynet. The current estimate for GAI or AGI (artificial general intelligence) is as soon as next year, but perhaps two to three. Readers will know my opinion on these estimates. So OpenAI may just as well now be called ClosedAI because it's all about the potential income and is really one of the potentially dangerous AI platforms available today.

LIFE

The future of AI is LAM

Life, James Hein, Published on 14/02/2024

» After my earlier article, I realised I was somewhat scant on what a Large Action Model (LAM), also called Large Agentic Models, are. As already mentioned, these have derived from the Large Language Models (LLM), or what people now refer generically as AI, discussed before.

LIFE

Free speech and pedestrian blues

Life, James Hein, Published on 21/12/2022

» Let's take a look at my predictions for 2022, a mixed year for technology. How did I do? Virtual reality didn't advance as much as I'd hoped. Artificial intelligence made some incremental games including as I pointed out in an earlier article, for music producers. The Neuralink interface did improve this year, if indeed that is something you're interested in, but still not available for broad human use. I also was wrong on cryptocurrency. With the FTX exposure the private firms took a hit, but governments have started to get interested in the technology. The world is poised for a crypto explosion, but not this year.

LIFE

Protect yourself when online

Life, James Hein, Published on 03/08/2022

» A friend of mine, let's call him Dave, wrote to me recently about identity theft. He told me that all of his identifying information like phone numbers, email addresses, old passwords and his usual security questions, were all available on the dark web. He also had a number of notifications of personal information breaches that resulted in fraudulent charges, the need to replace credit cards and attempts to set up fake bank accounts in his name. The latter is used if a hacker is planning to get into your other accounts so they can transfer funds to themselves under your name.

LIFE

Elon's Twitter bid reopens censorship debate

Life, James Hein, Published on 27/04/2022

» Without a doubt, the biggest news of the last couple of weeks has centred around Elon Musk. It started with a tweet where he asked his followers if they thought that Twitter followed free speech principles. Over 2 million responded, with 70% indicating it didn't, and some asked him to buy Twitter. A week or so later he purchased 9.2% of Twitter. This triggered a swathe of wild speculation. Elon then rejected an offer to sit on the board because this would limit his ability to purchase more stock. A week or so later he offered to buy all of the remaining Twitter shares for US$54.20 (1,840 baht) a share, above the current market price and well above pundits' sell price only a little while earlier. The Left went crazy. The board started talking about introducing a financial "poison pill" share approach to both increase the number of and dilute the value of Twitter shares to make it more difficult for Musk to purchase more than 15% of Twitter.

LIFE

The cloud calls, banks don't hear

Life, James Hein, Published on 07/07/2021

» Is the industry rushing too quickly into the clouds? Cloud computing has been expanding steadily over the past few years and is starting to dominate as the primary platform for many organisations. Providers love it because it allows them to charge a service-based fee instead of a once-off payment for a product. There are rumours that Microsoft through Windows 11 will push to have a similar approach for their next version.

LIFE

Chinese tech companies are at it again

Life, James Hein, Published on 12/05/2021

» A reminder on the importance of both scalable systems and load testing. The recent Philippines' attempt to expand its national ID programme had a number of issues when they introduced a two-factor authentication system. PhilSys, as it is known, started out just fine when registrations began in 2020, when paper forms were still used. This in itself was a little strange as the purpose of the new system was to do away with the need to present physical documents when interacting with government agencies. PhilSys the digital ID system was marketed as such and promised transformation and other buzzwords including easier opening of bank accounts. All of this would also help everyone involved during Covid times. After 28 million paper applications, the digital system was turned on and in the first hour 40,000 people tried to register. The system promptly fell over due to the load and inability to scale quickly. Most IT people will admit to a similar experience in their past, but by 2021 there are surely enough historical examples of what will happen if you don't do sufficient load testing before a major release like this.