AI and Blockchain

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IvyDataScience

AIandBlockchain

IvyDataScienceAIwithApplicationsv0.10PeterMorganDec2016 2©IvyDataScience

ArtificialIntelligence

AIisinspiredbyNature- BiologicalNeuron


ArtificialNeuralNetwork


1stSteamPower

3rdComputing

2ndElectricity&Mass

Production

19th Century

17th Century

21st Century

4thArtificialIntelligence

20th Century

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TheIntelligenceRevolution

6

DeepLearninghardware andalgorithmsalongwithincreasingamountsofdata arethefoundationforthe“fourthindustrial

revolution”

NvidiaGPUExponentials

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GPUFasterthanMoore’sLaw


ComputerVisionAccuracy


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Hardware- NvidiaDGX-1

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ASIC- GoogleTPU

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AlphaGo– TPUCluster

Whatdoneuralnetslooklike?

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http://www.wired.co.uk/gallery/machine-learning-graphcore-pictures-inside-ai

Feb2017

Blockchain– ADefinition

Atitsmostbasic,blockchainisavast,globaldistributedledgerordatabaserunningonmillionsofdevicesandopentoanyone,wherenotjustinformationbutanythingofvalue–money,titles,deeds,music,art,scientificdiscoveries,intellectualproperty,andevenvotes– canbemovedandstoredsecurelyandprivately.Ontheblockchain,trustisestablished,notbypowerfulintermediarieslikebanks,governmentsandtechnologycompanies,butthroughmasscollaborationandclevercode.Blockchainsensureintegrityandtrustbetweenstrangers.Theymakeitdifficulttocheat–HBR,May2016

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Blockchain

• Distributeddigitalledger- anentirelydecentralizedsystem• InventedbySatoshiNakamoto in2008(inventorofbitcoin)• Atechnologythatisrevolutionizing thefinancialservicesindustrybyempoweringmillionsacrosstheglobetoauthenticateandtransactimmediately withoutcostlyintermediaries• Designgoalistospeedupandsimplifyhowtransactionsarerecorded• Anytypeofassetcanbetransactedusingtheblockchain•Makespossibleacurrencywithoutacentralbank

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Blockchain

• Canbepublicorprivate• Bitcoin isaninterestingapplicationforblockchainbuttherearethousandsofapplicationsandwiderusecasesbeyondthat- everykindofdigitalrecordandtransaction• Settlementandclearingtimeisreducedtoseconds• Thedistributedledgerisreplicatedonthousandsofcomputersaroundtheworld• Keptsecurebyencryptionalgorithms• Mayintimespurnewchangesinhowcompaniesandgovernmentswork

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Blockchain

• Systemswithoutcentralizedrecord-keepingthatcanbejustastrustworthyasthosethathavethem• Demandingacross-industry,open-sourcecollaborationinordertoadvancethetechnologyforall• 2017astheyearoftheblockchainpilot,and2018astheyearblockchaintechnologywillbeusedinproductioninfinancialservices• “Theinternetfinallyhasapublicdatabase”- ChrisDixonofAndreessenHorowitz• “Distributedledgersareasignificantinnovationthatcouldhavefar-reachingimplicationsinthefinancialindustry”- BankofEngland

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HowitWorks

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HowitWorks

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HowitWorks

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Opportunities

• Disruptive newtechnologyproviding opportunities toinnovate• Introducenewproductsandservices• Reducecostsofexistingservicesby• Introducingprocessefficiencies• Automatingexistingservices• Significantlyreducetransactioncosts• AccordingtoWhite&Case,Blockchaincouldreducebanks’infrastructurecostsworldwideby$20Billionayearbyyear2022*

• Significantlyreducetransactiontimes(daystoseconds)• ThenextGoogleorFacebook?*http://news.crowdvalley.com/news/state-of-blockchain-and-artificial-intelligence-ai-in-fintech

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Risks&Challenges• Security

• Bitcoin&Ethereum cryptocurrencieshavebothbeenhacked• Newsafeguardsputinplaceeachtimetoclosevulnerabilities

• Environmental• Impactonenvironmentduetoenergy requiredtorunnetwork

• Expensiveequipment• Cryptocurrencymining(datacenters)

• Interoperability• Therewilllikelybemanyblockchains• Theabilitytoworkwithotherbanks’andpartners’blockchaintechnology

• Theideaofmakingtrustamatterofcoding,ratherthanofdemocraticpolitics,legitimacyandaccountability,isnotnecessarilyanappealingorempoweringone

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BlockchainApplications• Legalagreements(contracts)• Finance

• Cryptocurrency- peer-to-peerversionofelectroniccash• Otherassetclasses(bonds,commodities,etc.)• CreditSuissehasconducted10proofsofconceptwithblockchainstartupstoachievecostreductions

• Autonomousvehicles• Transportationinfrastructure

• Accommodation• Hotels,apartments,smartlocks

• Energygrid• InternetofThings

• ”TheInternetofEverythingneedsaLedgerofEverything”• Supplychainmanagement• Thingsthathaven’tbeenthoughtofyet• BlockchainasaService

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CryptocurrencyMining

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Examples- Bitcoin

• First decentralizeddigitalcurrency• Inventedbyanunidentifiedprogrammer,orgroupofprogrammers,underthenameof SatoshiNakamoto,bitcoinwasintroducedon31October2008• Likepapermoneyandgoldbeforeit,bitcoinisacurrencythatallowspartiestoexchangevalue• Platformforinnovation withopensourcecode• Bitcoinismathematicallylimitedto21millionbitcoinsandthatcanneverbechanged• PeoplestoreBitcoininsoftwarecalleda wallet,availableformostdevices• MoreandmorebusinessesareacceptingBitcoinpayments(>100,000)• Canbemined,orboughtfromoneofthetrustedexchanges– assetclass• https://www.youtube.com/watch?v=Gc2en3nHxA4

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BitcoinATMs

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California Vienna

Examples- Ethereum

• Ethereum isa decentralizedplatformthatrunssmartcontracts• Applicationsthatrunexactlyasprogrammedwithoutanypossibilityofdowntime,censorship,fraudorthirdpartyinterference• Runsonacustombuilt blockchainsharedglobalinfrastructure- movesvaluearoundandrepresentstheownershipofproperty• Enablesdeveloperstocreatemarketsandmanyotherthingsthathavenotbeeninventedyet,withoutamiddlemanorcounterpartyrisk• Offersarangeofservicesthatarenotpossibleusingbitcoin• Initiallyproposedinlate2013by Vitalik Buterin• Github sitehttps://github.com/ethereum/

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BlockchainandIoT

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TheEntireBlockchainEcosystem

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http://www.visualcapitalist.com/blockchain-ecosystem-visualization/

BlockchainOrganizations

Hyperledger Projecthttps://www.hyperledger.org• Open-source blockchainprojectthatwillallowbusinessestobuildacross-industrydistributedledgersolution• LeadbyIBMandtheLinuxFoundation,membersincludeCisco,Intel,Accenture,ANZBank,DigitalAsset,Fujitsu,StateStreet,LSE,SWIFT,Vmware,JPMorganandWellsFargo• IBMiscontributingtensofthousandsoflinesofexistingcodetotheproject,aswellasdedicateddevelopersandintellectualproperty• Githubrepo:https://github.com/hyperledger

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BlockchainOrganizations

R3http://www.r3cev.com• Studyinghowtradingofsecurities,derivativesandloanscanbeoverhauledbyusingdistributedledgerandblockchaintechnology• Includesmorethan70banksincludingBankofAmerica,Citigroup,DeutscheBank,MorganStanley,SocGen,Barclays,GoldmanSachsandJPMorgan

EEAhttp://entethalliance.org• ThirtymembercompaniesincludingJPMorgan,BP,MicrosoftandIntel• Willworktoenhancetheprivacy,securityandscalabilityofEthereumblockchain• Makeitbettersuitedtobusinessapplications


IBM&Blockchain• IBMoffersBlockchainasaService (announcedthisMonday)https://www.ibm.com/blockchain/getting-started.html• Createprivateandsecuredigitalassetsintestapplicationsthatcanbetradedquicklyandsecurelyoverapermissioned network• Useshyperledger fabrichttps://hyperledger-fabric.readthedocs.io/en/latest/• Thisisalsoongithubhttps://github.com/hyperledger/fabric/blob/master/docs/source/index.rst• InJune2016,IBMopenedanincubatorinSingaporewhere5,000computerscientistsworktobuildrapidprototypesusingthecompany’sblockchainandWatsonAI toolsforbusinessesintheAPACregion• "Watsonandblockchainaretwotechnologiesthatwillrapidlychangethewayweliveandwork”– RandyWalker,IBMCEOAPAC


Microsoft&Blockchain

• BlockchainasaServicehttps://azure.microsoft.com/en-us/solutions/blockchain/• Ethereum BlockchainasaServiceonAzurehttps://www.oreilly.com/topics/data-fintech• ProjectBletchleyisMicrosoft’sBlockchainArchitecturalapproachhttps://github.com/Azure/azure-blockchain-projects/blob/master/bletchley/bletchley-whitepaper.md• Opensourcecodeisongithubhttps://github.com/Azure/azure-blockchain-projects/tree/master/bletchley• TheylearnedthatConsortiumblockchains,whicharemembers-only,permissionednetworksforconsortiummemberstoexecutecontracts,areideal


AIandBlockchain

AI&Blockchain• Whathappenswhenwestarttomergeartificialintelligenceandtheblockchainintoasingle,powerfulprototype?• Wehaveblockchaintech'spromiseofnear-frictionlessvalueexchangeandartificialintelligence’sabilitytoacceleratetheanalysisofmassiveamountsofdata• Thejoiningofthetwocouldmarkthebeginningofanentirelynewparadigm• Maximizesecuritywhileremainingimmutable*byemployingartificialintelligentagentsthatgovernthechain

*AnobjectwhosestatecannotbemodifiedafteritiscreatedIvyDataScienceAI- StateofPlayv0.10PeterMorganDec2016 38©IvyDataScience

StateStreet


StateStreet

• Blockchain-basedindices• 64%ofwealthandassetmanagerspolledexpectedtheirfirmstoadoptblockchain inthenextfiveyears– StateStreetReport• Further,50%offirmssaid theyexpectto employartificialintelligence• DataisstoredandmadesecureusingBlockchain- AIcananalyze thedatawhileitremainssecure• "You,intheory,cannowputallthatdataonablockchain,"Maiuri said."Icannevertakepossessionofit,butIcanaskquestionsofthedata.”• Turnunstructureddataturnedintoastructuredinstrument


StateStreet• Setsentimentdataintoasmartcontractalongwithinformationsuchaspricing,valuationandriskcharacteristicstocreatenewtypesofinvestmentadvice• AsofJanuary,StateStreethas 10blockchainPOC’sintheworks• Lookingforotherwaysto increaserevenues,andprovidebettervaluefor clients• IBMWatsonisalsomergingblockchain withAI• References• http://www.coindesk.com/street-street-is-betting-ai-can-help-monetize-blockchain-tech/• http://www.coindesk.com/ibms-asia-watson-blockchain-ai/


Bloq

• DeepLearningtechnologiesarecombinedwithbehavioral,predictive,graphanddescriptive-prescriptiveanalyticstolearnfromthepast• Anticipateandpredictillicitactivities,suspicioususerbehavior,fraudandanomalies• Withmorecompaniesandinstitutionsadoptingblockchain-basedsolutions,andmorecomplex,potentiallycriticaldatastoredindistributedledgers,there'sagrowingneedforsophisticatedanalysismethods,whichAItechnologycanprovide• www.bloq.com


Blockchain&Watson• IntegrateWatsonwiththeIoT• WatsonIoT Group– “IntelligentIoT”• Letdevicesperformtaskslikerunningself-diagnoses atsettimes• Riskmanagement– howblockchains mightbeusedtomakedevicessaferfortheirusers,inpartbyreducinghumaninvolvementintheiroperation• Usingblockchaintech,artificiallyintelligentsoftwaresolutionscouldbeimplementedautonomously• Anartificiallyintelligentblockchainwillletjointpartiescollectivelyagreeonthestateofthedeviceandmakedecisionsonwhattodobasedonlanguagecodedintoasmartcontract


Conclusions


Conclusions

Conclusions• Ahostofeconomic,legal,regulatory,andtechnologicalhurdlesmustbescaledbeforeweseewidespreadadoptionofblockchaintechnology,butfirstmoversaremakingincrediblestrides.Withinthenexthandfulofyears,largeswathsofyourdigitallifemaybegintorunatopablockchainfoundation- andyoumaynotevenrealizeit,PCMag,Feb2017• AIisbeingusedwithblockchain technologiestoanalyze datasecurelyandtomakepredictions• Bothstartups andcorporationsarerunningPOC’satthemoment• BlockchainwithAIisalreadybeingofferedasaservicebycloudprovidersIBM,Microsoft• Inthefuturealmosteverytransactioncouldberunningonblockchaintechnology

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References• Blockchain:TheInvisibleTechnologyThat'sChangingtheWorldhttp://www.pcmag.com/article/351486/blockchain-the-invisible-technology-thats-changing-the-wor• MicrosoftandIBMSetSightsontheNextCloudFrontier:Blockchain-as-a-Servicehttp://www.pcmag.com/article/345899/microsoft-and-ibm-set-sights-on-the-next-cloud-frontier-blo• IBM’sNewWatsonCentreMergesBlockchainWithAIhttp://www.coindesk.com/ibms-asia-watson-blockchain-ai/• TheTruthAboutBlockchain- HBRhttps://hbr.org/2017/01/the-truth-about-blockchain• TheImpactoftheBlockchainGoesBeyondFinancialServices- HBRhttps://hbr.org/2016/05/the-impact-of-the-blockchain-goes-beyond-financial-services

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References• Ethereum BlockchainasaServicenowonAzure https://azure.microsoft.com/en-us/blog/ethereum-blockchain-as-a-service-now-on-azure/• BlockchainAtoZ http://www.pcmag.com/article/344969/blockchain-a-z-everything-you-need-to-know-about-the-game-c• Banksaresoldonblockchainhttps://www.americanbanker.com/news/banks-are-sold-on-blockchain-concerned-about-collaboration• BankingonBlockchain– AccentureReporthttps://www.accenture.com/us-en/insight-banking-on-blockchain

Books• Tapscott,Dan- BlockchainRevolution,Portfolio,2016• Tale,Steve– BlockchainTechnology,CreateSpace,2017

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AIFellowshipProgramOverview• IvyDataScienceArtificialIntelligenceFellowsProgram isanintensive,twelve-weekprofessionaltrainingfellowship• Bridgesthegapbetweenacademicresearchorprofessionalsoftwareengineeringandacareerinartificialintelligence• BasedoutofNewYorkCity,SiliconValleyorBoston,theprogramenablesscientists,researchers,andengineerstolearntheindustry-specificskillsneededtoworkinthegrowingfieldofartificialintelligenceatleadingcompanies• Eightweeksclassroom(theoryandlabs),plusfourweeksprojectplacementwithinacompany


AIInIndustry• “Justas100yearsagoelectricitytransformedindustryafterindustry,AIwillnowdothesame.” - AndrewNg,ChiefScientistatBaidu• Deeplearningproducesrealresultsandisattherootofarealindustrythatmakesmoneytoday.Thepromisesofitinthenearfutureareveryexciting...inareaslikeself-drivingcars,medicalimaging,personalizedmedicine,contentfiltering/ranking,etc-- YannLeCun,FacebookAIResearch• Someofthewaysthesetechniqueshavenowstartedtobedeployedinindustryincludehealthcare,transportation,robotics,AIAssistants,chatbots,education,satelliteimaging,speechrecognitionandlanguagegeneration• Inadditiontothesevariousapplications,deeplearningandothertechniquesinAIwillsoonimpactadditionalareasripewithnewchallenges,includingvideounderstanding,security,publicsafety,andtheInternetofThings


WhoarethebestAIProfessionals?

• “Ithinkpeopleneedtounderstandthatdeeplearningismakingalotofthings,behind-the-scenes,muchbetter.” - GeoffHinton,Google• ThebestAIprofessionalshaveapassionforsolvingcomplexmachinelearningchallengesorengineeringrobustmachinelearningsystems• Scientists:ResearchexperienceataPostdoc,PhDorMasterslevel,haveusedmachinelearningtofurtherresearchandnowwanttopursueAIasafull-timecareer• SoftwareEngineers:Haveworkedinmachinelearningincurrentprofessionalroles.Haveadegreeincomputerengineeringorcomputerscienceandwantstoupskillandcrosstrainintodeeplearning


Mentorship• CompanyMentors- AIteamsatleadingcompaniesfromdiversesectorsandsizeswhowillsharetheproblemstheyarecurrentlysolving• IndustryandOpenSourceLeaders- PioneersattheforefrontofArtificialIntelligencethathelpyoulearnbestpractices&disruptivetrendsintheindustry• YourFellows– Experienced,ambitiousscientists,researchers,andengineerswithcommongoalsandadiversesetofskillsthatcomplementyours.Learnthewayyoudointheindustry,bycollaboratingandworkingthroughchallengeswithyourpeers• IvyDataScienceAlumni– FellowshipAlumnifromourArtificialIntelligenceprogramhavetransitionedintoAIrolesattopcompanies.Theyprovideindividualizedguidanceandpracticewithinterviews• IvyDataScienceTeam- IvyDataScienceofferscontinuedguidancethroughouttheentireprocess.Wepointyoutotherightresourcestohelptroubleshoottoughissues


AITrainers


PeterMorgan ChuckPace

V.T.RajanMarkMeloon

RyanSomers

DmytroLituiev MikhailGorelkin VishalGoklani

RahulKumar

JobTrendsonindeed.comfordeeplearning,machinelearningengineer


AITechniques

• ComputerVision:ConvolutionalNeuralNetworks(CNNs)aredeepneuralnetworksspecificallydesignedtotakeadvantageofthestructureofimageinput• NaturalLanguageProcessing:Neuralnetworkstounderstandlanguage• RecurrentNeuralNetwork:RNNarchitecturesredefined“stateoftheart”inthetasksofdocumentsummarization,languagegeneration,andlanguagetolanguagetranslation(machinetranslation)• ReinforcementLearning:Algorithmsthatlearnactionchoicestomaximizeanobjective• UnsupervisedLearning:Systemsthatlearntheunderlyingstructureofthedata• ScalableLearning:DistributedmodelsandtrainingofdeepnetworksandAIagents


AIEmergingTrends

• Combiningprobabilisticprogrammingwithdeeplearningforuncertaintyestimates• Regularizingweightswithnewpriors,andcreatinghybridnetworks• LeveragingGANandvariationalapproachesforsemi-supervisedlearning• Usingmemorynetworkstocombineattention,memory,andreasoningforlanguage• UnderstandinganddevelopingQ&Asystems


AppliedAI

• Finance• Healthcare• Transportation• Robotics• PersonalizedAIAssistants• VideoUnderstanding• Security• PublicSafety• Education• Etc.


IvyDataScienceBenefits• Fulltuitionscholarshippaidforbythehiringcompanies,soFellowspaynothingtoparticipateintheprogram• Paidconsultingremoteprojectonourpartnermarketplaceplatform(experfy.com)• MentorshipfromalumniIvyDataScienceFellowswhoseexperienceatIvyDataScienceandattheircurrentroles,makethemagreatresourceforguidanceandfeedback• Personalizedcompanymatching.Wehelpyoufigureoutwhichcompaniesarethebestfitforyoubasedonourexperienceandin-depthconversationswiththehiringmanagers.Wethenhelpyouarrangeinterviewsduringthefinalweeksoftheprogram• Helpnavigatingthenegotiationoffinalemploymenttermsoncecompanieshavemadetheiremploymentofferstoyou• Guidanceandmentorshipfromindustryprofessionalsateverystageoftheprogramandasyouprepareforinterviews


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FellowshipJourney

60

1

Industry domainAITraininginHealthcare,Fintech,InsuranceandRetailbyDeep Learning

Experts

2

CertificationfromExperfyHarvardi-Lab,

MockInterviews,&ResumePrep

3

CompleteapaidprojectonourDataScience

ConsultingMarketplace

4

Careerevent,NetworkingandJobplacementwithFortune500s

andStartupsorjoinourIncubator(aistartup.io)

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AI and Blockchain

Technology

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