IMI-Hande Fintech Salon (No. 5): Intelligent Finance and Value Network

On March 6, IMI-Hande Fintech Salon (No. 5) was successfully held at the Cultural Building of Renmin University of China. The salon invited Mr. Yi Huanhuan as guest speaker. Mr. Yi is the board director of the Estock, board member of the KeyBridge, and the secretary general of the IFC1000. Mr. Yi delivered a keynote speech on Intelligent Finance and Value Network. The salon was presided over by Prof. Su Zhi. The lecture centered on artificial intelligence and value networks. Artificial intelligence refers to the correct direction that has been found after the failure of the "simulated human brain" and "expert system". It is now undergoing a third leap characterized by the concept of "machine learning". And the value network has changed the internet from a platform of information-exchange into a value-exchange net, that is, "block chain." When it came to artificial intelligence, through the two booms of the internet and fault analysis, Mr. Yi revealed the development of internet from the internet to mobile and finally to the artificial intelligence. Unlike the financial technology 1.0, which is characterized by a large number of structured data, the financial technology 2.0 has artificial intelligence, block chain, virtual reality as its cores. The financial technology 2.0, through data intelligence analysis, deep use of block chain, and re-establishment of the credit system, helps the virtual reality to extend the dimensions of the network. He said that the era of financial technology 2.0 has already come, and the future development prospects of the Internet will focus on AR, VR, automatic driving and other artificial intelligence. As for the value network, Yi believed that all the information created by the user network will become part of its assets and value. For example, when information and credit (i.e. leverage) are connected, they affect the expansion of currencies. The new supply and demand of intelligent finance and the expansion and iteration of the value network will drive the change of business model and will also change the way of human life. Finally, he used Estock as an example to introduce the practical use of artificial intelligence and value of the network. He pointed out that artificial intelligence is still being explored for its actual utilization in the financial market because of the frequent price fluctuations and the great difficulty for machine's to "predict the future". His Estockapp team is trying its best in making it possible for "machine investment advisers" to come into being through machine learning techniques, natural language processing and knowledge spectrum building.

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