IntelVerse

This week, Tradeweb’s Chris Bruner joins the podcast to discuss digital assets and fixed income.

0:00 – Reb is back in NYC!
6:30 – Chris Bruner, chief product officer at Tradeweb, joins Nyela on the podcast 
13:30 – Tradeweb’s history with blockchain
18:40 – Gauging client reception to digital assets
28:50 – Upcoming regulatory headwinds 

Episode 320: Tradeweb’s Chris Bruner


This week, Par Cassells joins Nyela to discuss shorter settlement cycles and the role of vendors in the transition.

0:00 – Tony and Nyela talk highlights from the Tech & Data in Financial Markets (TDFM) conference
7:00 – Par Cassells, chief client officer at AccessFintech, joins Nyela on the podcast
9:00 – Par’s takeaways from North America’s move to T+1
13:00 – The upcoming moves to T+1 in the EU and UK
17:00 – T+0 margin vs. T+0 settlement
20:30 – Difference between the transitions
24:00 – Vendors’ role in the T+1 transition


Episode 321: AccessFintech’s Par Cassells


This week, Reb, Nyela, and Shen discuss concerns around air travel and notable cybersecurity incidents.

https://www.waterstechnology.com/emerging-technologies/7952488/agentic-ai-takes-center-stage-bank-tech-projects-new-funding-rounds-and-more?cx_artPos=1&cx_testId=4&cx_testVariant=cx_1#cxrecs_s

0:00 – Reb, Nyela, and Shen talk about Reb’s flight back from New York
10:30 – They discuss two stories from our last Waters Cooler about the previous hacks on the SEC’s Edgar database and Ion


Episode 322: Navigating air travel and cybersecurity

This week, Riad Chowdhury, head of Asia-Pacific, and Dan Burke, global head of emerging markets at MarketAxess, join to discuss block trading in fixed income. Plus Reb discusses her recent article about Cusip and updates on the class action lawsuit moving through the courts.

00:00 Reb and Tony discuss recent reporting around Cusip and updates on the class action lawsuit
12:30 Riad Chowdhury, head of Asia-Pacific, and Dan Burke, global head of emerging markets at MarketAxess, join the podcast
14:40 Block trading in fixed income vs. equities
20:20 Drivers for larger-sized trades
23:00 MarketAxess’s Targeted RFQ
31:00 Challenges for dealers
33:00 Learnings from the equities world
39:00 Trends in bid/ask spreads for EM hard-currency debt
44:20 AI model for Targeted RFQ

Episode 323: MarketAxess’s Chowdhury and Burke (plus some Cusip updates)


This week, Reb and Nyela discuss BNY’s digital workers and what the use of AI in society signals for the future.


Episode 324: A philosophical conversation about AI

This week’s guest is Brian Bejile, cofounder & CEO, Octaura

0:00-7:20: Anthony Malakian and Rebecca Natale, Europe Editor for WatersTechnology, complain for seven minutes about poor customer service and artificial intelligence.

7:20-35:23: Brian Bejile and Nyela Graham, senior reporter at WatersTechnology, have an actual informative discussion—as opposed to Tony and Reb’s diatribes—about the origins of Octaura, modernization of the credit markets, the platform provider’s move into the collateralized loan obligation (CLO) space, and the need for more data and analytics on the buy side. 

Episode 325: Octaura’s Brian Bejile

This week’s guest is Nick Kolba, CEO and co-founder of Connectifi, who joins the podcast to discuss the Model Context Protocol, LLMs and agentic AI.  

0:00 – Tony and Shen talk about Astronomer’s ad campaign
5:30 – Nick Kolba joins the podcast 
8:00 – Step changes or big jumps in tech
18:00 – Excitement for the Model Context Protocol
21:00 – Parallels between FDC3 and MCP
24:30 – Concerns around security
30:00 – Work that still needs to be done
41:00 – Code generation for “senior engineers”


Episode 326: Connectifi’s Nick Kolba

This week’s guest is Mo Rahim, group chief data officer at Standard Chartered, who joins the podcast to discuss data and AI governance and guardrails for AI.

0:00 – Tony and Shen talk about recent shows they’ve watched 
9:00 – Mo Rahim joins the podcast
13:30 – Understand your core identity
17:00 – People and literacy
19:00 – Get your data right
25:00 – Standard Chartered’s research, partnerships, and innovation pillar   
29:00 – Building AI in a safe and responsible way
32:30 – AI is your plus one  


Episode 327: Standard Chartered’s Mo Rahim

This week’s guest is Lior Yogev, CEO and co-founder at FundGuard. He joins the podcast to discuss legacy tech stacks at asset management firms.

0:00 – Tony and Shen talk about personalities
10:00 – Lior Yogev joins the podcast
12:30 – When does a tech stack become legacy? 
19:00 – How asset managers modernize their platforms without excess downtime
22:30 – Migration times
26:30 – Total rebuild vs. slight tweaks

Episode 328: FundGuard’s Lior Yogev

This week, Reb and Tony talk about the internet and the problems compounded by AI.
https://www.waterstechnology.com/emerging-technologies/7952665/the-great-disappearing-internet%E2%80%94and-what-it-could-mean-for-your-llm

0:00 – Welcome to the team, Mya! You can reach her at Mya.Jheeta@infopro-digital.com 
7:00 – Reb and Tony discuss her recent column and the interconnected mess of a web of humans, internet, and AI


Episode 329: LLMs and the dead internet theory

In this episode of the O’Reilly Data Show, I spoke with Danny Bickson, co-founder and VP at Dato, and the principal organizer of the Data Science Summit (full disclosure: I’m a member of the conference organizing committee). Among machine learning students and practitioners, recommender systems have become somewhat of a canonical use case and application. One of the early and popular building blocks was GraphLab’s collaborative filtering toolkit, a library originally written and maintained by Bickson. He has continued to keep tabs on the latest developments in recommenders and continues to help organize workshops on related topics throughout the world.

Building and Deploying Large-Scale Machine Learning Applications

In this episode of the Data Show, I spoke with Parvez Ahammad, who leads the data science and machine learning efforts at Instart Logic. He has applied machine learning in a variety of domains, most recently to computational neuroscience and security. Along the way, he has assembled and managed teams of data scientists and has had to grapple with issues like explainability and interpretability, ethics, insufficient amount of labeled data, and adversaries who target machine learning models. As more companies deploy machine learning models into products, it’s important to remember there are many other factors that come into play aside from raw performance metrics.

Building Machine Learning Solutions That Can Withstand Adversarial Attacks

On the podcast, James first interviews Joakim Strid, head of European surveillance at Nasdaq, about how the exchange is incorporating machine learning into its surveillance program. They then discuss how AI is set to change surveillance as a whole in the years to come. After that interview, Emilia David, US reporter for Waters, joins James and Anthony to discuss how T+2 came about in the United States. Then finish things up by discussing must-watch TV for the fall now that Game of Thrones is over.

Nasdaq & Machine Learning
2:30 Joakim first talks about how Nasdaq is using machine learning to surveil its Nordic marketplace. 
http://www.waterstechnology.com/exchanges-trading-venues/3420051/nasdaq-boosts-surveillance-with-machine-learning 

5:15 He then looks at how the machine-learning algorithms work.
7:30 Why are machine-learning techniques useful when compared to existing techniques?
8:45 Joakim explains the genesis of the project.
10:45 Finally, he looks at what the possible future of machine learning holds for the surveillance sector.

T+2
14:00 What were the roadblocks keeping T+2 from being a reality in the US?
http://www.waterstechnology.com/industry-issues-initiatives/3414776/settling-down-how-the-us-finally-embraced-t2 

15:30 Why was this transition so difficult?
http://www.waterstechnology.com/industry-issues-initiatives/3419486/t2-settlement-begins-in-us-markets

18:15 How long until T+1? T+0?!
http://www.waterstechnology.com/industry-issues-initiatives/3417141/blockchain-not-yet-ready-to-power-t0-settlement 

23:30 TV shows you should start watching today.

86: Nasdaq's Use of Machine Learning & T+2 Update

In this episode of the Data Show, I spoke with Andrew Burt, chief privacy officer and legal engineer at Immuta, a company building data management tools tuned for data science. Burt and cybersecurity pioneer Daniel Geer recently released a must-read white paper (“Flat Light”) that provides a great framework for how to think about information security in the age of big data and AI. They list important changes to the information landscape and offer suggestions on how to alleviate some of the new risks introduced by the rise of machine learning and AI.

We discussed their new white paper, cybersecurity (Burt was previously a special advisor at the FBI), and an exciting new Strata Data tutorial that Burt will be co-teaching in March.

How Machine Learning Impacts Information Security

Three generals are voting on whether to attack or retreat from their siege of a castle. One of the generals is corrupt and two of them are not. What happens when the corrupted general sends different answers to the other two generals?

A Byzantine fault is "a condition of a computer system, particularly distributed computing systems, where components may fail and there is imperfect information on whether a component has failed. The term takes its name from an allegory, the "Byzantine Generals' Problem", developed to describe this condition, where actors must agree on a concerted strategy to avoid catastrophic system failure, but some of the actors are unreliable."

The Byzantine Generals' Problem and associated issues in maintaining reliable distributed computing networks is illuminating for both AI alignment and modern networks we interact with like Youtube, Facebook, or Google. By exploring this space, we are shown the limits of reliable distributed computing, the safety concerns and threats in this space, and the tradeoffs we will have to make for varying degrees of efficiency or safety.

The Byzantine Generals' Problem, Poisoning, and Distributed Machine Learning with El Mahdi El Mahmdi is the ninth podcast in the AI Alignment Podcast series, hosted by Lucas Perry. El Mahdi pioneered Byzantine resilient machine learning devising a series of provably safe algorithms he recently presented at NeurIPS and ICML. Interested in theoretical biology, his work also includes the analysis of error propagation and networks applied to both neural and biomolecular networks. This particular episode was recorded at the Beneficial AGI 2019 conference in Puerto Rico. We hope that you will join in the conversations by following us or subscribing to our podcasts on Youtube, SoundCloud, iTunes, Google Play, Stitcher, or your preferred podcast site/application. You can find all the AI Alignment Podcasts here.

If you're interested in exploring the interdisciplinary nature of AI alignment, we suggest you take a look here at a preliminary landscape which begins to map this space.

Topics discussed in this episode include:

The Byzantine Generals' Problem
What this has to do with artificial intelligence and machine learning
Everyday situations where this is important
How systems and models are to update in the context of asynchrony
Why it's hard to do Byzantine resilient distributed ML.
Why this is important for long-term AI alignment
An overview of Adversarial Machine Learning and where Byzantine-resilient Machine Learning stands on the map is available in this (9min) video . A specific focus on Byzantine Fault Tolerant Machine Learning is available here (~7min)

In particular, El Mahdi argues in the first interview (and in the podcast) that technical AI safety is not only relevant for long term concerns, but is crucial in current pressing issues such as social media poisoning of public debates and misinformation propagation, both of which fall into Poisoning-resilience. Another example he likes to use is social media addiction, that could be seen as a case of (non) Safely Interruptible learning. This value misalignment is already an issue with the primitive forms of AIs that optimize our world today as they maximize our watch-time all over the internet.

The latter (Safe Interruptibility) is another technical AI safety question El Mahdi works on, in the context of Reinforcement Learning. This line of research was initially dismissed as "science fiction", in this interview (5min), El Mahdi explains why it is a realistic question that arises naturally in reinforcement learning

El Mahdi's work on Byzantine-resilient Machine Learning and other relevant topics is available on
his Google scholar profile.

The Byzantine Generals' Problem, Poisoning, and Distributed Machine Learning with El Mahdi El Mhamdi

Wei-Shen Wong and Anthony Malakian discuss the hottest financial technology topics in the capital markets every week.

Founder of EPIC Knowledge Society and SPACE Creative Culture Labs. I am a Futurist and Data Scientist with Professional Mastery and Pragmatic Insights on Digital Transformation and Innovation Management with extensive credentials on Digital Enterprise Architectures, Crypto Economics, Customer Experience Design, Social Entrepreneurship Incubation, Business Model Innovation, Innovation Ecosystems, Innovation Analytics, Innovation Consulting, Social Business Networks, Academic Research Networks, Industrial Research Alliances, New Service Incubation, New Product Incubation, New Platform Innovation, High performing Teams, Cross Competency Innovation etc.

86: Nasdaq's Use of Machine Learning & T+2 Update

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