Press Release
Meet VantagePoint, Inventor Of The Worlds First AI-Powered Software For Independent Traders That Launched In 1991
–News Direct–
By Faith Ashmore, Benzinga
Artificial Intelligence (AI) is taking the world by storm, from healthcare to Big Tech and everything in between. According to data obtained by Finbold, the AI industry's estimated market size was $207.9 billion in 2023 and is expected to increase dramatically by 788.64% to reach $1.87 trillion by 2030.
While AI is being integrated into society with great vigor today, unbeknownst to many, AI is not a new concept. With the recent attention on AI, many traders are looking for platforms that include AI but one company has been using it all along. Lane Mendelsohn, president of VantagePoint, is here to explain how the company was one of the first to embrace AI in the 20th century and its journey along the way.
Benzinga: It seems like AI is just now becoming popular and mainstream, but it's not new. Who first came up with AI and when was that?
Lane Mendelsohn: Artificial intelligence was invented and created back in the 1950s at Carnegie Mellon. That's where my father went to college and in the 1960s [Lou Mendelsohn] had the opportunity to work with AI on the mainframes. He saw that it had capabilities, but at that time, he didn't have a real application for it. Fast forward to the 1980s, he had developed the first commercial trading software in the world that did historical backtesting and simulations, and he was in who's who in the financial world for that invention. Then in the late 1980s, my father began implementing AI to financial market forecasting and introduced to the world in 1991 the first-ever AI forecasting trading software for individual traders, and that was the introduction of VantagePoint.
Benzinga: VantagePoint has been using and offering AI since 1991. How has it been able to stay at the forefront of this technology for so long?
Lane Mendelsohn: Its a matter of continuing to develop and refine the technology consistently. Weve been forecasting the markets with AI for over 3 decades, so thats a lot of historical data thats all in the AIs learning. We all know the markets are constantly changing and, honestly, AI and technology are constantly changing. For us to ensure that we're continuing to provide that cutting-edge technology, we have to stay vigilant. We must persist in further developing the technology and refining it. That's a commitment that we've made and continue to make.
We forecast for over 2,300 stocks, ETFs, Futures, Forex Pairs, commodities, and cryptocurrencies every single day. Each one uses anywhere up to 90 input values to calculate daily predictive indicators. Each input uses up to seven values to be calculated. That makes up to 630 data points per market or 1,450,000 for all supported markets daily. But then you add in our forecasts for Options traders, and youre looking at over 1 billion data points per day. Thats something no human could handle in a day, let alone years, and VantagePoint can handle it through the research, development, innovation, and training weve devoted to it over the years.
Over the last ten years, we've invested over $10 million into research and development. And were never done. We continue to work on training and accuracy every day. That commitment to constant innovation gives VantagePoint traders a tremendous advantage in the markets. And our goal is to continue to provide that edge every trading day.
Benzinga: What differentiates VantagePoint from the recent surge of AI for traders that have emerged in this market?
Lane Mendelsohn: [VantagePoint has] three key elements proven accuracy, longevity, and patents. No one else in this space has third-party verified accuracy up to 87.4%. No one has been around for 45 years as a company while providing AI for traders since 1991 like VantagePoint has. And lastly, no one has two proprietary U.S. patents on performing intermarket analysis using neural networks and calculating predictive technical indicators.
[VantagePoints] neural network has three different parts to it. There's the input layer, hidden layer, and output layer. The input layer is ingesting all of the raw data it's fed; millions and millions of data points go in the hidden layer. The neural networks are made of individual nodes, these individual neurons that are built to simulate a human brain, but obviously much more powerful and can do a lot more. Each one of those neurons has its own specific role, its own specific function, in the neural network. Each one on its own is not capable of coming up with the answer, but what happens is they all have a very specific job that they're trained on, and they're trained to do one specific thing very well. And then the findings from each of those individual neurons and nodes are pushed to the output layer where they're reassembled together to give you the answer. In the case of market forecasting, the answer is, Heres what the price of Nvidia (NASDAQ: NVDA), Tesla (NASDAQ: TSLA) or Meta (NASDAQ: META) is going to do tomorrow.
Benzinga: You mentioned two patents. Can you elaborate on those two U.S. patents VantagePoint holds in the AI domain and how they contribute to the software's forecasting reliability and proven accuracy?
Lane Mendelsohn: Certainly. To start, each patent on their own stands on its own two legs. Its when you have both combined that the unparalleled edge is found. One of those patents is for intermarket analysis and analyzing global market data. So, it's identifying for Nvidia stock, for example It's going to look at the 30 most closely related markets that drive impact and influence the price of Nvidia. Now, if you want to know where Nvidia's going to go or any stock for that matter, you should look at what factors are driving and pushing that particular market. VantagePoint identifies what those individual markets are, and then through this proprietary process, we're weighing those, because it's not like every one of those 30 markets drives, impacts and influences Nvidia to the same degree. They're all weighted, and those weightings adjust over time.
So, the patent identifies the markets, weighs them, and then uses that information for pattern recognition, forecasting what's going to happen next. The second patent takes traditional lagging indicators, for example Bollinger Bands, MACD, Stochastics, and so on, which only give you past data, and turns them into leading indicators. And that's the second patent, Calculating Predictive Technical Indicators. So, when you combine those two proprietary advancements together, that's what really stacks the odds in the favor of independent traders and they're now able to do something that on their own would've been humanly impossible.
Benzinga: What advice do you have for traders who are considering adopting AI for their trading strategies?
Lane Mendelsohn: You've got to do your due diligence. You've got to make sure the AI is doing something that makes sense for a trader, that it serves a purpose, that its doing something you couldn't have done on your own, and that it's consistently highly accurate. It needs to be proprietary AI that has gone through deep learning, specifically for predicting the markets and considering global market analysis. You dont want some open-source code licensed from a new AI company with a pretty bow slapped on it. So far, VantagePoint is the only AI for traders Im aware of that checks those must-have boxes.
For traders and investors looking to get an edge in the markets, VantagePoint could be a solution with its long history, dual-patented technology, and a commitment to continuing innovation. Visit them at www.vantagepointsoftware.com
Featured photo by Igor Omilaev on Unsplash
Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.
This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.
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Benzinga
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Ongoing Accreditation Highlights Commitment to Ethical Breeding Practices
SlowBlink Maine Coons (https://slowblinkmainecoons.com), a family-run Maine Coon cattery, proudly announces its status as the only cat breeder in Canada with ongoing accreditation from the Better Business Bureau® (BBB) since 2023.
“SlowBlink Maine Coons is one of the best Maine Coon catteries in the world,” said Mia Wiens, breeder at SlowBlink Maine Coons, “Slow blinking is how cats say ‘I love you.’ Our cats are always slow blinking at us, and that is why we named our cattery SlowBlink!”
Each kitten is raised as a member of their family, sleeping in their bed with them every night. SlowBlink makes the adoption process easy and stress-free.
Leading the Way in the Industry
In addition to its BBB certification, SlowBlink Maine Coons has received prestigious recognitions, including TICA Outstanding Cattery and CFA Cattery of Excellence awards. These accolades highlight the Maine Coon breeder’s unwavering commitment to providing top-quality care and ensuring the well-being of each kitten.
SlowBlink is also equipped with Veterinary and Feline Genetics related Certifications from Stanford Medicine, Thompson Rivers University, WSAVA (World Small Animal Veterinary Association), American Association of Feline Practitioners (AAFP), and PawPeds.
These credentials help ensure each Maine Coon kitten receives the best possible care, from nutritional needs to overall health.
SlowBlink’s recently released Maine Coon Color Calculator (https://slowblinkmainecoons.com/color-calculator) has quickly become the top Color Calculator used by Researchers, Breeders, Veterinarians, and Cat Owners.
Trust and Quality at the Forefront
SlowBlink Maine Coons’ dedication to transparency and quality comes at a time when the cat breeding industry is often marred by unethical practices and scams.
Digital quality, security, and accessibility are also a priority. Google Chrome recognizes SlowBlink as a trusted site by including it in the browser’s code ensuring secure and trusted access for all visitors.
As the only BBB-Accredited breeder in Canada, potential cat parents can adopt with confidence, knowing they are working with a trustworthy cattery committed to the highest standards of care and professionalism.
About SlowBlink Maine Coons
Located in Burnaby and on Vancouver Island in British Columbia, SlowBlink specializes in breeding the most beautiful, rare, healthy and well-socialized Maine Coon kittens from proven European bloodlines.
SlowBlink provides free local delivery across the Lower Mainland, Greater Vancouver Area, and Vancouver Island, and offers safe shipping throughout Canada and the USA, ensuring that each kitten arrives safely at their new families.
Give the greatest gift — the love of a Maine Coon from the only BBB-Accredited cat breeder in Canada.
Media Contact
Organization: SlowBlink Maine Coons
Contact Person: Mia Wiens
Website: https://slowblinkmainecoons.com
Email: Send Email
Contact Number: +17788749866
City: Vancouver
State: British Columbia
Country: Canada
Release Id: 21102418673
The post SlowBlink Maine Coons Recognized as the Only BBB Accredited Cat Breeder in Canada appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Monique Nikkole, the rising R&B artist known for her powerful vocals and empowering lyrics, has just dropped her latest single “Queen Of The Hustle”. The song, which is now available on all major streaming platforms, is a celebration of hard work, determination, and resilience.
“Queen Of The Hustle” is a timely release, as it comes at a time when many people are facing challenges and uncertainties due to the ongoing pandemic. The song serves as a reminder that no matter the circumstances, we all have the strength and resilience to overcome any obstacle and achieve our goals.
Monique Nikkole’s soulful voice and heartfelt lyrics make “Queen Of The Hustle” a must-listen for anyone in need of a motivational boost. The song’s catchy beat and uplifting message will have listeners feeling empowered and ready to take on the world.
In addition to her powerful vocals, Monique Nikkole is also known for her philanthropic efforts. She has used her platform to raise awareness and funds for various causes, including mental health and women’s empowerment. With “Queen Of The Hustle”, she continues to inspire and uplift her audience, spreading a message of strength and resilience.
“Queen Of The Hustle” is just the beginning for Monique Nikkole, as she has more music and projects in the works. Fans can stay updated on her latest releases and performances by following her on social media and streaming her music on all major platforms. With her talent, passion, and dedication, Monique Nikkole is undoubtedly on her way to becoming a household name in the music industry.
For media inquiries or to schedule an interview with Monique Nikkole, please contact www.moniquenikkole.com. Don’t forget to check out “Queen Of The Hustle” and let Monique Nikkole’s powerful voice and inspiring lyrics be the soundtrack to your hustle.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Trustco Group Holdings Ltd (“Trustco”) has announced the findings of a recent examination of the 391.47-carat diamond recovered by Meya Mining (“Meya”) in Sierra Leone. Trustco holds a 19.5% interest in Meya, which operates under a 25-year exclusive diamond mining license in the Kono District.
The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024, in the first of 16 domains targeted by Meya. Along with two smaller fragments weighing 105.43 carats and 18.11 carats, this marks the second significant find from the region, confirming its potential as a source of high-value diamonds.
A detailed examination, conducted by Dr. Evan M. Smith of the Gemological Institute of America (GIA), confirmed the diamond as Type IIa, a classification that indicates high purity due to the absence of nitrogen. Further analysis showed the diamond is part of the CLIPPIR variety (Cullinan-like, large, inclusion poor, pure, irregular, resorbed), similar to some of the world’s most valuable diamonds.
According to the examination report, the diamond contains metallic inclusions, mainly iron-rich metals, which suggest it formed deep in the Earth, between 360 and 750 kilometers below the surface. Despite these inclusions, large parts of the stone remain clear, making it an important geological find. The discovery of this CLIPPIR diamond at the Meya mine confirms that the area contains large Type IIa diamonds.
Quinton Z van Rooyen, Deputy CEO of Trustco
Quinton Z van Rooyen, Deputy CEO of Trustco, added: “The recovery of this CLIPPIR diamond sheds light on Meya’s extraordinary geological landscape. As the diamond world contemplates the eventuality of a 5000-carat stone, our recent find indicates that Meya’s unique geology positions us well for potentially historic discoveries in the future.”
On June 5, 2024, shareholders were informed that Z Star Mineral Consultants, an independent consulting firm, estimated the in situ resource of Meya River Domain at USD 763 million. This Meya River domain accounts for less than 3% of the overall Meya Mining project potential resources. (Available here: https://tinyurl.com/2twpv78v).
Additionally, on September 2, 2024, shareholders were advised that the NI 43-101 Technical Report for the Meya Diamond Mine Project was published, offering a Preliminary Economic Assessment (PEA). The PEA showed promising economic potential with a post-tax Internal Rate of Return (IRR) of 65% and a post-tax Net Present Value (NPV) of USD 95.1 million at a 10% discount rate over a projected 7-year mine life. (Available here: https://tinyurl.com/yvy8p6xs).
These reports also noted that the estimated value of diamonds recovered from bulk samples and run of mine production of the Meya River domain which were sold at public auctions is USD 380 per carat. This estimation excluded the sale of the 476ct Meya Prosperity diamond (USD 34 664 per carat) or several subsequent large stones found due to their distinct nature. The valuation matrix currently used to assess Trustco’s 19.5% stake in Meya Mining, at USD 110 million, may be adjusted in the future to account for these historical exceptional finds. Shareholders are advised that this could affect future valuations.
The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024
Meya Mining is now focused on improving its recovery process to prevent breakages of large diamonds in the future. The company is working with its engineering and processing partners to upgrade the plant and increase its capacity to recover large diamonds intact. This discovery strengthens Trustco’s Mining portfolio but also highlights Sierra Leone’s position as a key player in the global diamond market.
About Trustco:
Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.
Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.
About Namibia:
Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.
The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.
Forward-Looking Statements:
All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
Media Contact
Organization: Trustco Group Holdings
Contact Person: Neville Basson
Website: https://www.tgh.na
Email: Send Email
Contact Number: +264612754501
Address: 2 Keller Street, Trustco House
Address 2: Windhoek
City: Windhoek
State: Khomas
Country: Namibia
Release Id: 21102418730
The post MEYA MINING’S 391-CARAT DIAMOND RECOVERY MARKS MEGA CLIPPIR DISCOVERY appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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