Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: finance

FinWise insider breach impacts 689K American First Finance customers

FinWise Bank is warning on behalf of corporate customers that it suffered a data breach after a former employee accessed sensitive files after the end of their employment.

“On May 31, 2024, FinWise experienced a data security incident involving a former employee who accessed FinWise data after the end of their employment,” reads a data breach notification sent by FinWise on behalf of American First Finance (AFF).

American First Finance (AFF) is a company that offers consumer financing products, including installment loans and lease-to-own programs, for a diverse range of products and services. Customers use AFF to apply for and manage the loans, with the company handling the services, account setup, repayment process, and customer support.

Pesa: I am happy to report that things are progressing nicely with My Instant AI 🤖

Thanks to some longstanding relationships with senior executives in the prepaid and gift card industry has provided us with some unprecedented opportunities.

Our engineers are hard at work building more AI tools and utilities into the user interface and our administrative management dashboard as well.

It won’t be more than a few weeks before our first distributor is interconnected and starting to sell My Instant AI e-PIN codes.

There are many different ways to sell this product. Some will be selling it in their online stores, using their own sales and payment engines, while pulling PINs from our API in real-time as they are sold.

Others will have carded product that has a value applied to it and then activated at the checkout in a retail environment.

Some mobile phone and wireless network providers are including a card in the box, and preloading a shortcut to our platform as an app on the phone’s home screen.

Continue reading “Pesa: I am happy to report that things are progressing nicely with My Instant AI 🤖” | >

Elon Musk: Robotaxis Will Replace Personal Cars, Not Just Uber

Questions to inspire discussion.

🧠 Q: How does Tesla’s upcoming AI chip compare to the current one? A: Tesla’s AI5 chip will be 40 times better than the current AI4 chip, which is already capable of achieving self-driving safety at least 2–3 times that of a human.

💰 Q: What is the expected pricing for Tesla’s robotaxi service? A: Tesla’s robotaxi service is projected to cost $2 per mile at launch, which is cheaper than Uber rides in high-cost areas like Seattle.

Impact on Transportation.

🚘 Q: How will robotaxis affect car ownership? A: Robotaxis are expected to become a viable alternative to car ownership, especially when prices reach $1 per mile, making them cheaper than options like airport parking.

💼 Q: How does Tesla’s robotaxi cost compare to competitors? A: Tesla’s robotaxi can be built and deployed for half the cost of competitors like Whim, potentially offering more competitive pricing.

Continue reading “Elon Musk: Robotaxis Will Replace Personal Cars, Not Just Uber” | >

Quantum Computing Meets Finance

Eric Ghysels made a name for himself in financial econometrics and time-series analysis. Now he translates financial models into quantum algorithms.

Economist Eric Ghysels has spent most of his career fascinated by a fundamental problem in the financial industry: figuring out how to put a price on any financial asset whose future value depends on market conditions. Ghysels, a professor at the University of North Carolina at Chapel Hill, has now set himself a new problem: studying the impact that quantum computing could have on solving asset pricing, portfolio optimization, and other computationally intensive financial problems.

He admits that nobody knows when quantum computers will have commercially viable applications, but, he says, it’s important to invest now. Physics Magazine spoke with Ghysels to learn why.

BREAKING: Tesla Megablock Revolution | Fast Power, Grid Stability & AI Ready Solutions

Tesla megablock revolution | fast power, grid stability & AI ready solutions.

## Tesla’s Megablock is a revolutionary energy storage solution that enables fast power, grid stability, and scalability to support widespread renewable energy adoption, AI data centers, and energy independence.

## Questions to inspire discussion.

🚀 Q: How quickly can Tesla’s Megablock be deployed? A: Tesla’s Megablock can deliver 1 GWh of power in just 20 days, capable of powering 40,000 homes in less than a month.

⚡ Q: What makes the Megablock’s deployment so efficient? A: The Megablock’s modular, plug-and-play design allows for rapid scalability and deployment, with integrated transformers and switchgear reducing complexity.

Grid Stability and Performance.

Continue reading “BREAKING: Tesla Megablock Revolution | Fast Power, Grid Stability & AI Ready Solutions” | >

Elon’s Cryptic Post Sparks Big Questions

Questions to inspire discussion.

🌐 Q: What distinguishes embedded AI from language models like ChatGPT? A: Embedded AI interacts with the real world, while LLMs (Large Language Models) primarily answer questions based on trained information.

Chip Production and Supply.

💻 Q: What are Samsung’s plans for chip production in Texas? A: Samsung’s new Texas chip plant will produce 2nm chips with 16,000 wafers/month by the end of 2024, boosted by a $16B Tesla deal.

🔧 Q: How will the Samsung-Tesla deal impact Tesla’s chip supply? A: The deal will significantly boost Tesla’s chip supply, producing 17,000 wafers per month of 2 nanometer chips reserved solely for Tesla.

AI Infrastructure and Applications.

Continue reading “Elon’s Cryptic Post Sparks Big Questions” | >

Tesla Just Hit Its POINT OF NO RETURN

Questions to inspire discussion.

📈 Q: What is the potential annual production capacity for Cybercabs at full speed? A: At full speed with multiple production lines, Tesla’s Cybercab production could reach 2 million vehicles per year.

Tesla’s FSD and Autonomous Driving.

🧠 Q: When is FSD14 expected to be released? A: FSD14 is anticipated to be released in September 2025.

🚗 Q: What capability will FSD14 enable for Tesla vehicles? A: FSD14 will enable unsupervised robo taxi operation for Tesla vehicles.

💼 Q: How might Tesla’s FSD subscription model change? A: Tesla’s FSD subscription could become mandatory for new vehicle purchases.

Continue reading “Tesla Just Hit Its POINT OF NO RETURN” | >

EBITDA vs Milestones: The Real Unlocks in Elon’s 2025 Comp Plan

Questions to inspire discussion.

🤖 Q: How will Tesla’s CyberCab production differ from traditional assembly? A: CyberCab production will be unboxed with Tesla bots, not humans, using four major pieces that snap together like Lego, making it faster and more efficient.

🚕 Q: What is Tesla’s approach to building its robotaxi network? A: Tesla plans an Airbnb-style network using existing cars and fast-built CyberCabs to reach 1 million robotaxis and $50 billion EBITDA within 1–2 years after launch.

🌆 Q: How might the robotaxi network impact urban landscapes? A: The network could make transportation cheaper for everyone, especially older people and non-drivers, potentially transforming cityscapes and encouraging suburban expansion.

Financial Targets.

💰 Q: What are the market cap milestones in Tesla’s compensation plan? A: The plan requires reaching a $2 trillion market cap initially, with subsequent milestones up to $8.5 trillion, requiring sequential achievement.

Continue reading “EBITDA vs Milestones: The Real Unlocks in Elon’s 2025 Comp Plan” | >
/* */