Thursday, 22 December 2022

Charles Ponzi - The Documentary

Charles Ponzi, was an Italian born con artist based out of the United States and Canada. Born and raised in Lugo Italy, he became internationally famous in the early 1920s as a con man for his money-making scheme. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in Europe and redeeming them at face value in the United States as a form of financial arbitrage. 
In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudulent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a "Ponzi scheme". 
His scheme ran for just under a year before it collapsed, costing his "investors" $20 million. 
This history channel style documentary tells the full story of Charles Ponzi, from his childhood in Italy, through to the heights of his fame in Boston Massachusetts, through to his prison sentence, deportation, and his life after the scheme collapsed. In this film the Ponzi scheme is explained along with how it differs from a pyramid scheme. 
The film is written and narrated by Patrick Boyle, a fund manager and finance professor at King's College London.

Cheating With ChatGPT: Can OpenAI’s Chatbot Pass AP Lit?

ChatGPT, OpenAI’s new artificially intelligent chatbot, can write essays on complex topics. WSJ’s Joanna Stern went back to high school AP Literature for a day to see if she could pass the class using just

Tuesday, 20 December 2022

What would happen to Financial Services if we put engineers in charge?

On this episode of Fintech Insider expert host David M. Brear is joined by some great guests to ask: "What would happen to financial services if we put the engineers in charge?" 
The whole fintech industry is built on top of complex tech stacks, constructed and maintained by engineers. Their value has never been in doubt, but where they sit in the business structure changes from company to company. 
We've put together a panel of experts to discuss how the role of engineers has changed in financial services, the challenges they have to contend with and what the future of financial services would look like if we put the engineers in charge.

Fractured markets: the big threats to the financial system - FT Film

Interest rates are rising; easy money is over; the cracks are showing. UK pensions were the first big explosion. FT experts and financial industry insiders examine where the next big threats to the global financial system lie and explain why when the tide goes out, we can see who is swimming naked.

Saturday, 17 December 2022

Why Tech Layoffs Don’t Reflect the Job Market

The tech sector has cut about 50,000 jobs in November. The recent headlines about tech layoffs don't seem to match broader economic indicators, which show a strong job market and a historically low unemployment rate.

FTX Hearings: All the Big Moments in 12 Minutes

Congress recently held two hearings investigating the FTX collapse. Watch the big moments in this recap.

Friday, 16 December 2022

It’s Time to Pay Attention to A.I. - ChatGPT and Beyond

Imagine being able to have a language conversation about anything with a computer. This is now possible and available to many people for the first time with ChatGPT. 

In this episode we take a look at the consequences and some interesting insights from Open AI’s CEO Sam Altman.
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