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Goldman Sachs Developers Use Generative AI Tools to Write Codes

By
Ojukwu Emmanuel
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0

Reports reveal that software developers at leading global investment banking, securities, and investment management firm, Goldman Sachs, are internally using generative AI tools to assist in writing and testing codes.

Former Amazon Executive and current Chief Information Officer (CIO) of Goldman Sachs Marco Argenti disclosed that the firm’s software engineers have been using the AI technology to automatically generate lines of code.

He said,

“Developers are already using some of the assisted coding technology to write codes. It is currently in a proof of concept stage and not yet ready for production. It is still very early, you wouldn’t put immediately all your most important workloads there, but the imperative is to really try to understand the potential”.

“In some cases, developers have been able to write as much as 40% of their code automatically using generative AI. They are using the software to both test code and generate new ones. If you actually have a GPT-like technology that tests the code, or you generate the tests for the GPT code, you are creating this dualism where you test the machine and you get the machine to test your work”.

Argenti however declined to reveal the generative AI products that developers at the company have been using. He also did not specify which bank division the tech is being used in.

Goldman’s use of generative AI products comes despite a pushback from some banking giants in the use of ChatGPT internally. It is interesting to note that JPMorgan, Goldman Sachs, Citigroup, and Bank of America all restricted their staff from using AI software.

Reports suggest that the ban wasn’t a result of any particular incident but rather due to concerns about potential regulatory risks surrounding the sharing of sensitive financial information with OpenAI’s chatbot.  

Meanwhile, Goldman Sachs has invested heavily in turning the bank into a more technology-driven company in recent years. The firm launched Marcus, a standalone digital bank focused on consumers in 2016, and rolled it out to the U.K. in 2018. In its drive to use AI to enhance its bank operations, it would be recalled that in 2021, Goldman Sachs set up a fund of $72.5 million exclusively to invest in the field of Artificial Intelligence algorithms and as well as analytics.

The bank is keen on maintaining its brand image by offering unmatched customer experience, enhanced data security as well as service.

It is not far-fetched to say that Artificial Intelligence (AI) is playing a significant role in driving the world toward a tech-enabled future. It is transforming businesses to adapt to a new digital domain that is powered by high-tech machines that can help solve critical problems across diverse industry verticals. The finance and banking sectors, in particular, are keen on embracing AI to safeguard customers against fierce competition in this sector.

Most banks are reportedly focusing their efforts on AI-enabled applications for risk mitigation, particularly fraud detection, and cybersecurity systems. These applications have a proven history of ROI in the financial services industry.

The Internet Never Forgets; this is not a cliche.

By
Stanley Alieke
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0

Sometimes we see young people (teenagers and youths) post on their social media pages especially on their Snapchats and TikToks their nudes and other embarrassingly obscene pictures and videos of themselves in order to entertain their followers and also pull traffic to their pages. They do all these in the name of having fun, body goals, body positivity, being proud of their bodies and whatever stylish name they may christen it and thinking once they grow older, get something serious going for them or starts a family or maybe have kids everything will be all gone and forgotten but the unfortunate truth is that the internet never forgets and nothing can really be totally taken off the internet once it has made its way there. 

You lost control of whatever you post on the internet. Even if you posted it and deleted it immediately or you posted it on your WhatsApp status where it is just your family members and close friends that view it, you are no longer in control of it; that post may end up on another site or page as a screenshot.

Before you click that send or post button, re-evaluate what you are about to post and ask yourself “will I be embarrassed or humiliated by this post or this picture if it ends up on a different page”? If yes then do not post or send.

Once you send a file over or make a post on social media or or even a comment, have it in mind that it will forever remain in the public domain. It is almost impossible to delete a file totally from the internet. Although some social media platforms might decide to pull down the post due to their strict policies and regulations against such posts, there will definitely be other platforms and blogs where your post will still be available for the public to access.

While you are posting your nudes to entertain your followers on Snapchat, Instagram, Facebook, Tinder, Tiktok, Twitter, Onlyfans etc or attract new people, have it in mind that even if you grow older and become a grandma, that your nudes will always be in the public domain, even if you delete them all or deactivate your page it will always be on the internet space.

People have lost their jobs, lost life golden opportunities, been humiliated and some have been denied visas over some obscene and embarrassing posts of themselves they made years ago without them having the slightest idea that the post will come back to witch-hunt them years after. Some organizations are keen on knowing the kind of life their prospective employee is living or lived on social media spaces and I can promise you that once you were a social media nudist, even if you stopped, turned your life around and obtained a Harvard degree some organizations will find it difficult having you.

So while you have all the fun you are having now and exhibiting youthful exuberance, bear in mind that actions have consequences; the internet never forgets and it is almost impossible to ever delete or totally get rid of any post that has made its way into the internet space. Please teach your daughters, your sisters and your girlfriends that are still in their prime these things so they pay very much attention and be careful of the pictures or videos of themselves they put out there.

Wear That Shoe and If Necessary FALL FORWARD

By
Ndubuisi Ekekwe
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1

Which shoe do you wear? If that shoe becomes our career, the implication becomes huge. Would you be open to try a bigger shoe, or even a different design? The message today is that most times we underestimate how ready to wear that “bigger shoe”.

Sometimes, take risks and find ways to FALL FORWARD. Applying for only jobs which you are 100% ready means you are not advancing your career. Indeed, the job which you are 100% ready for is essentially at parity with your current role.  You just changed a title but if you check, not much progress.  In the Igbo Nation, the elders will say “a bird that flew from the ground only to perch on an ant hill is still very much on the ground.” Indeed, it goes beyond titles to more responsibilities and impacts. And we’re ready for those higher calls.

To advance, and move to the next level, you must aim HIGHER – and be open to try a new bigger shoe.  We win our future through our mindsets. You are ready – and ready for that promotion. You have been static for long: creatively make it evident that you’re ready.

Comment on Feed

Comment 1: Prof., please translate this proverb in Igbo. I’m trying to do so but it’s not making sense.

My Response:  “nnunu nke si n’ala fepu ma noro n’elu ikwubo ka nokwa n’ala”  [ (Ovim version)

But in Igbo Izugbe (general Igbo), anti-hill is “ugwu ndanda”. But in Ovim, we call it “ikwubo”. So, I am using the Ovim version here since I am not writing WAEC. But if I were in a WAEC exam, I would have used “ugwu ndanda” to get the A1 even though I think their translation is not advanced.

In Igbo, you do not just translate words, you translate culture. For example, “the man is a fox”, in translation would be “nwoke ahu bu mbe” (i.e. tortoise) since fox is alien in Igbo. What fox is to the English people is what tortoise is to Igbos, culturally. So, when you translate, you move words and also consider culture.

Thanks to my Igbo Teachers in Secondary Technical School Ovim: Baba Iyke and Madam Odumuko.

.

Nigerian Government Announces Removal of Five Percent Excise Duty For Telecoms Sector

By
Ojukwu Emmanuel
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0

The federal government of Nigeria has finally announced the removal of the five percent excise duty for the telecommunications sector in the country, after six months of intense deliberations.

The FG disclosed that it was convinced that imposing its initial planned excise duty on the sector will log down activities of the industry which was already grappling with over 41 taxes and levies already.

This was revealed by Nigeria’s Minister of Communications and Digital Economy, Prof. Isa Ali Pantami at a news conference organized to provide an update on the status of the excise duty on the telecom sector.

Pantami who is the chairman of the presidential review committee on excise duty in the digital economy sector stated that the committee had carried out its national assignment and accordingly submitted its report to the president, justifying why the sector should be exempted.

While speaking at a press conference in Abuja yesterday, he said,

“We converge today with regard to the assignment given to us by the President. Historically, we had invited the media on 5th September 2022 and briefed them after inaugurating the Presidential Committee on the review of Excite Duty in the telecom sector.

“Prior to that, there was an issue of 5% Excise Duty introduced to the sector without following due process, which was part of the requirements for subsidiary legislation. I was not contacted and when it was announced, I challenged it and wrote a letter to the President on the 12th  of August, 2022, demanding that the 5% duty be put on hold and also to set up a review committee to look into the issue critically and professionally and advise the President on the best way to handle it.

“He gracefully approved the two prayers and directed me to chair the committee, among who was the minister of finance, Executive Vice Chairman of NCC, and representatives of the telecom service providers, among others. After the inauguration of the committee, the committee conveyed a stakeholders forum on 5th  September 2022 and the committee was directed to incorporate other people that will add value to the work, which it did.

“On 14th  December 2022 Another issue concerning the 5% excise duty came up in which I spoke against it and justified my stands in writing. I insisted that within the telecoms sector, there are 41 categories of charges and levies and so, there is no justification to add more burdens on a sector that is already doing well, contributing so much to the economy.

“We cited two countries in Africa that increased their excise Duties for their ICT sectors that led to the death of the sector in both economies. After a review, the committee argued there was no need for Excise Duty in the ICT sector, paying 41 categories of charges and levies; that the sector has been contributing significantly to the economy.”

Prof. Pantami added that the committee’s submissions can be summed up in three arguments put forward to justify why additional burden in form of taxes or any level should not be imposed on the telecom sector to prevent a reversal of the important contribution the sector is making to the growth of the Nigerian economy.

He explained that the justification was based on three premises, first is that operators in the telecoms sub-sector of the digital economy industry currently pay no fewer than 41 different categories of taxes, levies and charges. Secondly, the telecoms sector has continued to contribute immensely to Nigeria’s economy in terms of GDP contribution.

Thirdly, he noted that the increase in the cost of all factors of production across sector, and naturally leading to increase in costs of products and services, telecom sector is the only sector where cost of service has been stable.

Nigeria reportedly has one of the biggest telecoms markets in Africa which has witnessed strong growth in recent years and is expected to have continued growth over the forecast period to 2025. The growth in the sector has been attributed to the increasing urban population with rising adoption of mobile phones that support 3G, 4G and 5G services across the country.

The sector over the years has contributed immensely to Nigeria’s economy and the lives of Nigerians. The advancement of mobile phone usage from basic phone telephony to new enhanced services and the introduction of new technology within diverse sectors of the country have seen the sector grow massively.

The Future of Investing: Polkadot, Big Eyes Coin, and Toncoin Should Be On Your Watchlist

By
TI Partners
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0

Are you tired of traditional investments that offer minimal returns? Do you want to explore the exciting world of decentralized finance (DeFi) and earn up to 1000x higher returns? Look no further than Big Eyes Coin (BIG)!

Unlike other cryptocurrencies like Polkadot (DOT) and Toncoin (TON) which focus solely on returns, Big Eyes Coin (BIG) is interested in empowering its users with the knowledge and expertise needed to succeed in DeFi. By leveraging the power of DeFi and making informed decisions, you can maximize the potential of your BIG tokens and achieve financial freedom. In this article, we will explore how you can utilize these three cryptocurrencies to take control of your financial future!

Polkadot (DOT): The Interoperable Blockchain Ecosystem

Do you want to experience a blockchain network that is more flexible, scalable, and innovative? Then, Polkadot (DOT) might be the perfect blockchain for you! This next-generation blockchain protocol was created in 2016 by Dr. Gavin Wood, the co-founder of Ethereum, and the Web3 Foundation. Their goal was to build an interoperable ecosystem of connected, specialized blockchains that could address the limitations of existing blockchain networks, such as scalability, interoperability, and governance.

Polkadot (DOT) is unique in its design, utilizing a revolutionary concept called a “parachain.” The parachain connects multiple blockchains into a single network, with each parachain specializing in different functions, such as smart contracts, data storage, or identity management. This design allows for greater scalability, flexibility, and upgradeability than traditional blockchains. Plus, upgrading or replacing individual parachains does not disrupt the entire network.

The value of Polkadot (DOT) has risen from around $4 in early 2021 to over $100 in early 2023. The strong increase in value is due to the platform’s exceptional technology and increased adoption by developers and investors alike.

Toncoin (TON): Revolutionizing Decentralized Applications And Online Services

Revolutionizing the future of decentralized applications (dApps) and online services, Toncoin, also known as Telegram Open Network (TON), is one of the most highly-anticipated blockchain-based platforms in the market. Initially launched in 2018 by Pavel Durov, the founder of Telegram, Toncoin’s launch was delayed due to legal complications. But now, Toncoin has officially been released in 2021 and has garnered a massive following among the crypto community.

Toncoin (TON) boasts several unique features, including its TON Crystal (TON) token, which is the native currency of the Toncoin platform. This token is used to pay for transaction fees, staking rewards, and other services on the Toncoin network. With a current value of around $0.50 per token and a total supply of 5 billion tokens, the TON Crystal token has been highly sought after by investors.

One of the most significant advantages of Toncoin (TON) is its high throughput capacity, which can process up to 1 million transactions per second, making it one of the most scalable blockchain platforms in the market. Toncoin also supports smart contracts, enabling developers to build decentralized applications on top of the Toncoin network.

With the backing of Sequoia Capital, Kleiner Perkins, and Benchmark, Toncoin has been able to expand its development and expansion plans. The platform has made significant developments, such as the launch of its mainnet, the integration of TON Crystal on several exchanges, and the release of several dApps on the Toncoin network. Toncoin (TON) has also announced plans to launch a decentralized exchange (DEX) and a decentralized social network in the coming months.

Big Eyes Coin (BIG): The Cryptocurrency with Big Wins and Big Heart

Big Eyes Coin (BIG) is making waves in the cryptocurrency world with its impressive track record of generous rewards and philanthropic initiatives. With a staggering $31.6 million already raked in, Big Eyes Coin is not slowing down and is poised to provide even more significant opportunities for its followers to improve their finances.

The cryptocurrency has already offered a 200% bonus during its pre-sale, which investors took advantage of to increase their earnings. It’s no surprise that Big Eyes Coin has gained a reputation for surprising its followers with great wins and enormous bonuses, and it’s not taking anything to chance in ensuring that it continues to offer the most significant opportunities for its users.

Aside from its impressive financial rewards, Big Eyes Coin has also set itself apart in its commitment to eco-friendly activities, such as setting aside 5% of its revenue for ocean-saving charities worldwide. This sets the coin apart as a pacesetter in terms of generosity and goodwill.

Introducing Loot Boxes is certain to increase the popularity of Big Eyes Coin even further, offering a fun and engaging investment opportunity. It’s no surprise that Big Eyes Coin has been able to carve out a place for itself in the cryptocurrency world, with its distinctive characteristics and bountiful offerings.

For More Information On Big Eyes (BIG) :

Join Pre-sale: https://buy.bigeyes.space/

Website: https://bigeyes.space/#signup

Telegram: https://t.me/BIGEYESOFFICIAL

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