TechPundit

FinTech, BigTech, DeFi, CBDCs, APIBanking, Openbanking, Cryptos... What's hot and what's not? What's trending and what's hype? Let's Keep it Simple!

[TechPundit @FinTechPundit]

The main obstacle, for any large organization, in being innovative, is NOT the
- legacy systems or
- siloed data.

It's NEVER the lack of talent or ideas.

What’s killing the innovation is
- Legacy mindset and
- Rigid organizational structure

Start fixing this first!

[Spiros Margaris @SpirosMargaris]

AI adoption is moving from hype to habit.

HBR’s 2026 research shows people are using generative AI across a much wider range of real tasks, from coding and workflows to everyday problem solving.

The next phase of AI will not be defined by who tries it once, but by who makes it part of how they think, work and create.

https://t.co/zbZWRkqEaI @HarvardBiz

[TechPundit @FinTechPundit]

Markets are in a frenzy over AI infrastructure story. But this isn't purely a chips story.
It's about who controls the power. The cooling. The memory. The networking. The software on top.

Nine layers ranging from the electricity powering the data centre to the software charging you a monthly fee.
The full AI infrastructure stack, mapped.

#AIInfrastructure #TechInvesting #Semiconductors #AIStocks #TechPundit

[Varun @varun_mathur]

Dear Mira and Ilya - congratulations on your coup at OpenAI. Since both of you have together never raised a penny as entrepreneurs, let me explain what happens.

Oh, and you *will* need to raise since your venture’s unit economics don’t make sense. Remember, you pay $0.30 every time someone asks a doofus question to ChatGPT. Heck, I sometimes ask the same thing 5 times.

Also, the last deal at $80 billion valuation - is as dead as the Egyptian pharaohs. Glorious to write about and visualize. But super dead, under the sand, not coming back.

Not only that - but you sideswiped your biggest partner, Microsoft. Of course publicly they will say the right thing, but you know and they know it and a random fellow like me knows it - they must be seething mad about it.

Few of your top researchers have already quit, and if there is one thing Sam Altman is especially good at, it is raising and deploying capital. Before the sign with your name and title as “CEO” and “Defacto CEO” gets emblazoned in the OpenAI offices, Sam would have a new company, $1 billion investment and offers out to all your, soon to be ex, top product people and researchers.

So you head into next week having lost your top dealmaker, top researchers, top product visionary, top partner and top investor, and with a business which has terrible unit economics.

And let’s not forget - the two of you are not entrepreneurs. Most people in your board have never held a proper tech job ever. You have never had to face the abject rejection which follows from pitching many investors, going through the process, and getting to close. Getting to close is the toughest. Sometimes investors say yes, but they don’t actually mean it. Sometimes they even sign, and still don’t wire the funds. You will need to live through all of it, the pain and rejection, and feel intense amount of pressure of having to provide for your team members - who pays their mortgages, car loans, kids school tuition - the ones whom you played with at the last company picnic.

After you are exhausted with the realities of the market - you will sell out OpenAI to Microsoft entirely, and be housed as Global Principal Product Managers in building 4 in Seattle, where it rains non-stop. Microsoft will never fire you, Satya will always say the right thing about you - because he is an honorable person.

But deep down in your heart, as you are watching the Netflix movie on OpenAI and Joseph-Gordon Levitt’s wife plays herself as a board member who fired Sam Altman over Google Meet, you will think and realize that you had it all - you could have been at the helm of a $1 trillion company. History will forget you. Sam and Greg and everyone else would have moved on and forgotten about you. e/acc would have built out fundamental OpenAI alternatives in anycase..

[TechPundit @FinTechPundit]

Goldman Sachs is exploring use cases for large language models, the same AI fueling ChatGPT. Here's 3 areas where the bank is experimenting with the tech. https://t.co/rY6hAyyats via @businessinsider

[TechPundit @FinTechPundit]

@GRDecter Probably one of the #Algo went a bit crazy! #flashcrash

[TechPundit @FinTechPundit]

The SEC charged Avraham Eisenberg with orchestrating an attack on the Mango Markets crypto trading platform that allowed him to steal $116 million in coins https://t.co/R8KXGk980f via @crypto

[TechPundit @FinTechPundit]

Flagging of certain #crypto-asset activities as potentially unsafe may dissuade many banks from pursuing those activities.
US authorities trying to prevent a spillover of crypto volatility into traditional banking space.

https://t.co/F5qrDca303 via @FederalReserve

[Xavier Gomez @Xbond49]

Amazing #Robots from #Bostondynamics
#MachineLearning #ArtificialIntelligence #AI #BigData #CES2023 #fintech

@DeepLearn007 @sallyeaves @ahier @mvollmer1 @Shi4Tech @JohnNosta @enricomolinari @ipfconline1 @mikeflache @PawlowskiMario @Khulood_Almani @jblefevre60 @HaroldSinnott

[TechPundit @FinTechPundit]

In Crypto space "Bad actors are undeterred by the lack of regulation, but good actors are"...

https://t.co/jzQjHGbAZ4

[TechPundit @FinTechPundit]

SCAM ALERT!🔥
#Washtrading , a practice of individual / #exchanges trading with themselves to boost prices artificially to lure inexperienced investors, is very common across unregulated #crypto exchanges!

https://t.co/EM5t3ltWAn

[TechPundit @FinTechPundit]

69% of #financialservices firms have experienced an increase in #cyberthreats during the last 12 months

https://t.co/31LaxWKuJf

[TechPundit @FinTechPundit]

Goldman Sachs says new fintech unit incurred $3bn in losses since 2020 via @FT
https://t.co/txzMlfZumk

[Ben Kaufman @kennybauf]

ladies and gentlement this is one of the greatest things i have ever seen, i cannot imagine a story more tailored for me to tweet about, and so i will now livetweet my reading of this lawsuit

https://t.co/DbsZZxx6hx

[Bill Ackman @BillAckman]

For those following ⁦@SBF_FTX⁩ and worth a careful read. https://t.co/6Pd33gzqLx

[Genevieve Roch-Decter, CFA @GRDecter]

JP Morgan paid $175 million for a college financial aid site called "Frank"

Turns out, the founder created 4 million fake customer accounts just before completing the sale.

JP Morgan is shutting the website down.

[Florian Graillot @FGraillot]

Great report detailing innovation trends in Financial Services, or how FinTech could help incumbents towards tackling opportunities still to address in that industry.

Here are several themes explored:

[TechPundit @FinTechPundit]

How would #EU make this work, without any international standards on measuring the carbon content or raising concerns about protectionism through arbitrary application?
#netzeropledge
https://t.co/VxkOTaCwr3

[Evan Kirstel #B2B #TechFluencer @EvanKirstel]

Yep there’s an app for that too! #CES2023

[TechPundit @FinTechPundit]

It Takes 6,000 Gallons of Water to Cool the World’s Fastest Supercomputer https://t.co/kfweqOTZmS

[TechPundit @FinTechPundit]

In a World Awash in Data, Geopolitics Is All About Chips https://t.co/tgiuD2chVs