Koodooka (formerly One Group Fintech)

Thrilled to share a glimpse of our recent advisory board meeting and lunch! It was a fantastic day filled with insightful discussions, innovative ideas, and great company. Thank you to everyone who joined us! Wael Sanyoura | Paul Dyer | Rosa Pollatou | Sarah | Marco Mello | Subrata Bal | Tinesh Babu

🤖 What's the Future of AI? Understanding Superintelligence and Its Risks In 2014, British philosopher Nick Bostrom published "Superintelligence: Paths, Dangers, and Strategies," sparking conversations about advanced AI surpassing human intelligence. A decade later, OpenAI's Sam Altman suggests superintelligence may be just "a few thousand days" away. 🟦 So, What Exactly is Superintelligence? Superintelligence refers to AI systems more capable than humans. Different kinds of AI, from narrow systems like calculators to general systems like ChatGPT, are at various stages of development. 🟦 How Many Levels of AI Performance Are We Talking About? Meredith Ringel Morris and her colleagues at Google developed a framework listing six levels of AI performance: 💠 No AI: Systems without AI involvement, like calculators. 💠 Emerging AI: Systems equal to or somewhat better than an underskilled individual, like basic chatbots. 💠 Competent AI: Systems as good as 50% of skilled adults. 💠 Expert AI: Systems as good as or better than 90% of skilled adults. 💠 Virtuoso AI: Systems better than 99% of humans, like Deep Blue. 💠 Superhuman AI: Systems surpassing human capabilities, still theoretical. 🟦 Where Are We Right Now in AI Development? Narrow AI systems like Deep Blue and Alphafold have achieved remarkable success. General AI systems like ChatGPT are still at the "emerging" level, equal to or somewhat better than an unskilled human. 🟦 What Does the Future Hold for AI? AI advancement shows no signs of slowing down and may even speed up, fueled by deep learning techniques and massive investments from tech companies. We may see general superintelligence within the next decade, but achieving this will require overcoming significant challenges. 🟦 What Risks Should We Be Aware Of? While superintelligent AI taking over the world is not an immediate concern, AI systems present other risks. These include over-reliance on AI, mass job displacement, and societal impacts like forming parasocial relationships with AI systems. 🟦 How Can We Build Safe Superintelligence? Building safe superintelligence is a complex and multidisciplinary task. Researchers will need to ensure that autonomous AI agents do not concentrate power or act against human interests. Achieving this will require innovative research and collaboration across various fields. 🟦 Takeaway While superintelligence isn't an immediate threat, understanding its potential and risks is essential for businesses and society. Staying informed and proactive will help us navigate the future of AI responsibly. #AI #Superintelligence #ArtificialIntelligence #TechInnovation #RiskManagement #FutureOfWork #FinancialTips

Thrilled to have completed our final week of the Investment Readiness Program! Thanks to Funding London and Mountside Ventures for a spectacular experience.🥂

🎃 Tips to Avoid Being Spooked by High Costs This Halloween. As we celebrate Halloween today, the cost of festivities can quickly add up. New research indicates that nearly half (48%) of people plan to celebrate, with women more likely to get involved than men. The average expected spend is £61.50 per person. ➡️ Key Findings: 💠 Women are more likely to celebrate Halloween (52%), compared to men (44%). 💠 Those aged 35 to 44 are most likely to celebrate (68%). 💠 Young adults (18 to 25) are the biggest spenders, allocating around £93.30 on Halloween. ➡️ Cost Breakdown: 💠 Food and drink: £24.60 💠 Costumes: £19 💠 Decorations: £17.90 ➡️ Tips to Cut Costs: 💠 Look for deals: Keep an eye out for discounts and deals on costumes, decorations, and food. 💠 Share the load: Invite friends to bring drinks and snacks, reducing your expenses. 💠 Reuse and Borrow: Check with family and friends for costumes and decorations that can be reused or borrowed. 💠 Reduce Waste: Consider sharing themed items with other families to avoid unnecessary purchases. With the cost of living still high, these tips can help you enjoy Halloween without breaking the bank. Happy Halloween! 🍂🍁 Source: https://lnkd.in/ehjpSp3x #Halloween2024 #MoneySavingTips #CostSaving #CostOfLiving #HalloweenCelebrations #SmartShopping

Excited to be part of the Investment Readiness Programme, fostering innovation and success! #InvestmentReadiness #LondonGrowth #Innovation

NerdWallet recently surveyed 2,000 UK adults to gain insights into the country's savings landscape. The findings reveal that the UK is a nation with strong savings goals, with residents actively taking steps to increase their savings. However, many still struggle to balance their savings efforts with their current lifestyle. What if you could accelerate your savings journey without compromising your lifestyle? Imagine growing your money effortlessly while maintaining the life you enjoy. Find out how our high-interest current account can make this a reality. Join our waitlist today and be among the first to experience a better way to save! #SavingsHabits #FinancialWellness #Investing #Budgeting #People

Beware: The Rise of Voice Cloning Scams ➡ What is a Voice Cloning Scam? Fraudsters are using AI technology to replicate your voice and target people you know. With as little as three seconds of audio, they can mimic your voice and trick your loved ones into sending money. ➡ How Do They Clone Your Voice? Crooks can easily capture your voice from social media clips or online videos. Once cloned, they can identify your family members and use the cloned voice to stage a phone call, voice message, or voicemail, asking for money urgently. In a survey, nearly 1 in 10 (8%) said they would send money even if the call seemed strange, potentially putting millions at risk. ➡ Who is at Risk? New research by Starling Bank shows that over a quarter (28%) of UK adults have been targeted by an AI voice cloning scam in the past year. Millions are at risk from this sophisticated scam. ➡ How to Protect Yourself: ↗ Set Up a Safe Phrase: Choose a memorable phrase and share it only with your family and loved ones. If you receive an unexpected call without the safe phrase, stay vigilant. ↗ Stay Informed: Nearly half of UK adults (46%) have never heard of voice cloning scams. Educate yourself and others about this growing threat. ➡ Research Findings: ↗ Offenses jumped by 46% last year. ↗ The average UK adult has been targeted by a fraud scam five times in the past 12 months. ↗ 79% of UK adults are concerned about being targeted by AI voice cloning scams. 📅 Research Conducted: By Mortar Research between 21st and 23rd August 2024 among a representative sample of 3,010 UK adults.

Is the Bank Branch a Thing of the Past? With digital banking on the rise, are physical branches losing their importance? Discover the changing preferences of UK consumers and the future of banking.

The State of UK Personal Finances: A Snapshot 💸 A recent survey by Compare the Market has revealed crucial insights into the state of UK personal finances. Here are the main takeaways: 🔹 Credit card challenges: 42% of credit card holders have struggled to repay their balances in full in the past six months, primarily due to the following: ↗ Rising everyday expenses (35%) ↗ Prioritizing other bills (33%) ↗ Unaffordable borrowing (21%) ↗ Increased interest rates (20%) 🔹 Top Financial Concerns: ↗Food prices (41%) ↗ Winter energy bills (38%) ↗ Inflation (23%) ↗ Rising rents (17%) ↗ Petrol prices (18%) ↗ Insurance (15%) ↗ Mortgage costs (10%) 🔹 Coping Strategies: ↗ 37% are cutting spending to keep costs down. ↗ 34% are trying to use less energy. ↗ 22% are reducing discretionary spending on hobbies and holidays. ↗ Many are also helping loved ones organise finances and save money, including partners (19%), children (12%), parents (12%), and friends (10%). 🔹 Expert Advice: Guy Anker, a money expert at Compare the Market, recommends comparing prices and features from different providers. He also advises making tough spending decisions, keeping a close eye on regular outgoings, doing a budget, and prioritising important expenses. These findings highlight the financial pressures facing many UK households. By staying informed and proactive, we can better manage our finances during these challenging times. Share your tips on navigating personal finance challenges in the comments below!