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Lucas Brown: Spearheading Financial Innovation through AI Advancements

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Australia, 20th May 2024, King NewsWireIn 1972, Lucas Brown was born on the North Shore of Sydney, New South Wales. His father was an entrepreneur and his mother was a teacher. Lucas has shown a strong interest in economics and mathematics since he was a child. After completing his primary education, he immigrated to the United States with his family to continue his academic journey.
Lucas Brown, the AI Expert in Finance

 

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In the US, Lucas Brown excelled at a prestigious private high school before pursuing economics at Princeton University, culminating in a PhD. By 2004, he became a Chartered Financial Analyst (CFA), offering risk insights in global equity, fixed income, and foreign exchange. Brown extended his services to companies, institutional investors, and retail investors seeking investment opportunities via social media.

 

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Lucas Brown acquired the CFA qualification in 2004

Lucas Brown returned to Australia in 2000 and made outstanding contributions to the Australian economy from 2000 to 2015 through his keen economic talents. He also received three prestigious economics awards:

1. Australian National University World Economic Reform Award

Reason for the award: Lucas Brown received this award for his pioneering research on the vulnerabilities of the global financial system and international capital flows. In particular, his work provided an in-depth analysis of Australia’s macroeconomic policy adjustments after the dot-com bubble burst in the early 2000s. He also provided valuable recommendations for implementing these policies effectively, which played a significant role in Australia’s economic stability during the global economic recession.

Research methods: Through big data analysis, Lucas Brown used complex economic models and empirical research to explore the instability of financial markets and its impact on the real economy in detail. 

2. Irving Fisher Award

Reason for the award: During the resources boom, Lucas Brown specialized in studying the long-term impact on the domestic economy of Australia’s resources boom triggered by Chinese demand. He proposed policy recommendations on resource taxation and economic diversification and demonstrated outstanding performance in environmental economics and sustainable development policy analysis.

Research methods: Lucas assessed the impact of resource export growth on the domestic economy through industrial analysis and international trade theory, and developed a new economic model for evaluating and analyzing the impact of environmental policies on the economy. 

 

 

3. John Bates Clark Medal

Lucas Brown’s John Bates Clark Medal celebrated his profound impact on the analysis of the 2008 financial crisis, offering vital strategies for economic resilience. Using VaR and Monte Carlo methods, his insights provided crucial guidance for financial stability and policymaking. His exceptional contributions were recognized not only by academia but also within the financial sector, elevating his professional reputation. Through his work, Brown demonstrated remarkable academic achievements and significant contributions to both Australian and global economies during challenging times.

 

Google DeepMind Effort to Revolutionize AI Research and Products

 

In 2015, amidst a pivotal period of artificial intelligence advancement, Lucas seized a career-defining opportunity. DeepMind, a pioneering force in AI, sought breakthroughs in innovation. Invited to join the Research and Development Department of AlphaGo, Lucas embarked on a transformative journey. Within the AlphaGo project, he played a crucial role, leveraging his expertise in machine learning, algorithm optimization, and system design to tackle intricate technical hurdles. 

His contributions extended beyond technical realms, encompassing strategic planning and holistic project development considerations.

 

Alpha Zero从入门到学废】1、序- 知乎

The cooperation started in 2016 

Lucas Brown gained widespread recognition for his accurate market forecasts and exceptional risk management skills, attracting collaboration offers from renowned hedge funds and private equity firms. Recognizing the potential synergy, Brown initiated discussions with AlphaGo’s Research and Development Department, proposing a collaboration to leverage AlphaGo’s AI capabilities in finance and investment. The goal was to develop an AI system capable of autonomously analyzing market dynamics, making investment decisions, and adapting strategies in real time to optimize returns.

Development Phase in 2017

Lucas Brown convened strategic meetings with investment partners to integrate macroeconomic theory, market trend forecasting, and risk management into a tangency investment portfolio. They also offered asset allocation services to high-net-worth individuals, delivering long-term stable returns. Brown’s expertise and performance earned favor from institutions, foreign investors, and private equity firms, expanding his network and growth opportunities. This marked the initiation of Brown’s stable long-term investment approach.

Shifting Investment Philosophy in 2020

Lucas Brown transitioned his investment strategy towards leveraging artificial intelligence (AI) to construct resilient, long-term investment portfolios. Recognizing the limitations of manual analysis, Brown and his team devised LBAI, an AI-driven financial tool distinguished by its precise calculations and adaptive learning abilities. Presently in beta, LBAI caters to industry professionals and private equity firms, slated for wider availability by July. It spans multiple markets, including equities, forex, cryptocurrencies, and commodities, showcasing notable monthly returns ranging from 32.33% to 47.6% in internal trials.

Concept and implementation of cooperation in 2022:

Building upon the success of his AI system designed for financial investments, Lucas Brown continued to enhance its performance by incorporating more advanced algorithms and machine learning techniques, particularly in the areas of autonomous learning and decision-making. Nowadays, Lucas’s team has world-leading expertise and experience in developing AI with exceptional autonomous learning capabilities.

Technology Integration and Innovation

Lucas Brown integrates cutting-edge technologies like deep learning neural networks, Monte Carlo Tree Search, and reinforcement self-adaptive learning into his investment strategies. These methods allow for efficient processing of financial data, simulation of investment decisions, and adaptation to market changes. Brown emphasizes simplicity and replicability in his investment philosophy, enabling investors of all levels to succeed with AI assistance.

As Chief Risk Analyst at Invesco, Brown leads the development of AI financial software, leveraging collective expertise to reduce risk and enhance returns. The AI fully automated quantitative trading robot stands out, empowering investors to capitalize on market opportunities for passive income generation. Looking ahead, AI software will prioritize user-friendliness, supported by personalized technical guidance from dedicated AI engineers at Invesco

 

Media Contact

Organization: Lucas Brown Education Pty Ltd.

Contact Person: Lucas Brown

Website: https://www.facebook.com/profile.php?id=61559606711741

Email: Send Email

Country: Australia

Release Id: 20052412315

The post Lucas Brown: Spearheading Financial Innovation through AI Advancements appeared first 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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Press Release

Hola Prime Sets New Industry Standard as the World’s Top Transparent Prop Trading Firm

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New York, NY – 25/11/2024 – (SeaPRwire) – Hola Prime is proud to unveil its solutions for Prop trading. The prop trading industry has long faced issues that erode trust and hinder traders’ growth. Problems such as delayed payouts, hidden trading rules, unexpected account breaches, and unreliable price feeds have created a challenging environment, leaving many traders feeling disillusioned and unsupported. Hola Prime, however, is transforming the industry by prioritizing transparency and trader support.

In a market where delayed and denied payouts have become an unfortunate norm, Hola Prime distinguishes itself with fast, reliable, and secure payment processes. Traders at Hola Prime can choose from multiple payment methods to receive their payouts within just one hour, ensuring that their earnings are accessible when needed. Furthermore, unlike several other prop firms, Hola Prime does not charge any fee on the payouts. This prompt and no-fee payment system reflects Hola Prime‘s commitment to fairness and reliability, addressing one of the industry’s most pressing concerns. As Ashutosh Sharma, Head of Risk and Compliance, explains, “Even though we are not obliged to follow any capital market regulations, we chose to operate in a disciplinary way as it is healthy for business. Our Payout Funds Segregation policy allows us to ensure we always have funds readily available to process our trader’s payouts.” To this, he further added, “We have maintained a 99.9% payout completion rate within one hour since launch.”

Hola Prime’s commitment to transparency goes beyond efficient payouts. In an unprecedented move, the firm publishes a Price Transparency Report, a comprehensive tick-by-tick data report, comparing the price ticks on their trading platforms with the market prices advertised on TradingView to ensure complete transparency. Hola Prime’s CFO, Ms. Sumedha explains, “In a decentralized forex market, we are the first and only prop firm to provide this level of price transparency for our traders.”

One of the biggest frustrations traders face is denied payouts and the sudden closure of accounts due to hidden rules and unexpected breaches. Unlike other firms that may use these tactics to withhold payments or deny payouts, Hola Prime takes a different approach. The firm clearly outlines all trading conditions on its website, leaving no room for ambiguity.

Additionally, if a trader’s behaviour indicates that they may end up breaching certain prohibited trading rules, they receive risk alerts, enabling them to take immediate corrective action and avoid potential violations. This proactive approach underscores Hola Prime’s belief that the firm’s success is intrinsically linked to the success of its traders.

Besides this, Hola Prime has implemented a unique support system for traders who do not pass their initial challenges. Instead of being left without guidance, traders receive personalized lesson videos that review their performance and offer guidance for improvement. These detailed analyses empower traders to learn from their mistakes, refine their strategies, and better prepare for future opportunities.

Hola Prime’s commitment to transparency is further evident in its open communication practices. The firm shares detailed performance analyses with traders on their dashboard, providing insights into what worked well and what needs adjustment. This level of support helps traders closely monitor their performance and achieve success.

By addressing long-standing issues in the industry and prioritizing transparency, Hola Prime is setting a new benchmark for the industry.

Hola Prime’s CEO, Mr. Somesh Kapuria states, ” Since the launch, Hola Prime has experienced a remarkable surge in trader onboarding, with a 140% increase in new sign-ups in the first month alone.” This early momentum speaks to the trust traders are placing in Hola Prime’s transparent practices and supportive ecosystem. With its innovative solutions, Hola Prime is not just being there in the prop industry – it is revitalizing it and fostering an environment where trust and mutual success are paramount.

About Hola Prime

Hola Prime is a global proprietary trading firm renowned for its commitment to transparency. Serving prop traders across 175+ countries with access to over 50 trading instruments, Hola Prime provides a reliable and efficient trading environment. With a presence in key locations worldwide and a selection of multiple trading platforms, the firm is bringing a breath of freshness to the prop trading industry.

Social Media

Facebook: https://www.facebook.com/profile.php?id=61565158992654

Instagram: https://www.instagram.com/holaprime_global/

YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQ

LinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=true

X: https://x.com/HolaPrimeGlobal

Discord: https://discord.gg/TJ7TcHPXBf

Quora: https://www.quora.com/profile/HolaPrime/

Reddit: https://www.reddit.com/user/HolaPrime/

Medium: https://medium.com/@social_46267

Media contact

Brand: Hola Prime

Contact: Media team

Email: marketing@holaprime.com

Website: https://holaprime.com/

 

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

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Press Release

Promotional Product Experts: One-Stop Destination for High-Quality Branded Business Products Across Australia

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Australia, 25th Nov 2024 – Promotional Product Experts, a leading provider of custom-branded business promotional products, is redefining how companies across Australia promote their brands. Offering a diverse range of items with professional printing and embroidery services, the company ensures businesses can create impactful and cost-effective promotional campaigns.

Whether you’re looking for a simple ballpoint pen or a large golf umbrella, Promotional Product Experts guarantees value, quality, and precision across all items. The company also offers a wide variety of branded corporate promotional materials, including keyrings, clothing and apparel, coffee mugs, bags, satchels, and more. Businesses in major cities such as Brisbane, Melbourne, Sydney, Perth, and Adelaide can benefit from these top-tier services.

A Seamless Experience for Your Brand’s Promotional Needs

Promotional Product Experts understands the importance of delivering exceptional service. The website is designed for ease of use, allowing customers to browse a comprehensive catalog of products and request quotes effortlessly. The team provides accurate artwork specifications tailored to individual items, ensuring the final product exceeds expectations.

“We pride ourselves on providing not only high-quality promotional products but also a seamless and efficient experience for our clients,” said Gavin Sekler, spokesperson for Promotional Product Experts. “From concept to delivery, we’re committed to proactive customer service and timely delivery for complete peace of mind.”

Innovative Product Offerings for Every Need

The company specializes in a variety of promotional products, including:

  • Corporate Cheese Sets: Add a touch of sophistication to your branding with promotional cheese boards. Explore options at Corporate Cheese Sets.
  • Corporate Umbrellas: Make a lasting impression with high-quality branded umbrellas. Learn more at Corporate Umbrellas.

These products are carefully curated to enhance a brand’s visibility while maintaining a professional image.

Reliable Delivery and Expert Support

Promotional Product Experts is committed to delivering a hassle-free experience. With a proactive customer support team just a phone call away, the company ensures businesses can navigate the entire process smoothly. Whether it’s addressing queries or assisting with artwork, the team is dedicated to providing unparalleled support.

Why Choose Promotional Product Experts?

  • High-quality corporate promotional merchandise.
  • Affordable and effective branding solutions for businesses.
  • Proactive customer service and reliable delivery across Australia.
  • Easy-to-navigate website for convenient browsing and quoting.

Businesses seeking impactful promotional products can trust Promotional Product Experts to deliver excellence at every step.

Get Started Today

Join the many Australian companies that have enhanced their brand visibility with Promotional Product Experts. Visit www.promotionalproductexperts.com.au to explore the range of promotional business products and request your quote today.

About Promotional Product Experts

Promotional Product Experts is a trusted provider of high-quality promotional merchandise, specializing in professionally branded business items to meet the marketing needs of companies across Australia. With years of experience in the industry, the company has established itself as a leader by offering a diverse range of products combined with exceptional customer service. Whether for corporate events, employee giveaways, or marketing campaigns, Promotional Product Experts delivers innovative solutions that leave a lasting impression.

Media Contact

Organization: Promotional Product Experts

Contact Person: Gavin Sekler

Website: https://www.promotionalproductexperts.com.au/

Email: Send Email

Country: Australia

Release Id: 25112420419

The post Promotional Product Experts: One-Stop Destination for High-Quality Branded Business Products Across Australia 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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Press Release

DuckChain Mainnet Launch: Bridging Web2 and Web3 with ISO Innovation

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Last year, Paradigm’s CTO Georgios Konstantopoulos pointed out the inefficiencies in how crypto chains and assets work together via one of his tweets. His thoughts highlighted a major issue in Web3 adoption: complexity.

This native model has become a big hurdle in mass adoption of web3. Even completing one single transaction at times requires too many complex steps Just to make a transaction on a new Layer 1 or Layer 2, a user needs to create an account, securely store the private key or seed phrase, buy gas tokens via a centralized exchange, or bridge assets from another chain-just to start interacting with the new ecosystem.

This process can overwhelm traditional users used to simple “plug-and-play”systems. Thankfully, Web3 builders are introducing “execution-free” solutions to make onboarding easier.

DuckChain: Bridging Web2 and Web3 with ISO

DuckChain is leading the way of this evolution. As the first consumer-grade Layer solution on The Open Network (TON), DuckChain introduced the innovative concept of ISO (Initial Star Offering). This allows users to convert Telegram Stars into on-chain Star assets, bridging Web2 and Web3 seamlessly.

This unique feature makes DuckChain the key to onboarding millions of Telegram users into Web3. It also connects TON with EVM and Bitcoin ecosystems, boosting liquidity and bringing developers to TON.

The market has also recognized DuckChain’s narrative and growth potential.

DuckChain’s Testnet Achievements

DuckChain’s testnet was a massive success:

  • Daily Active Users: Over 2 Million on MiniApps
  • Total Transactions: 29 million
  • User Deposits: $2 million from Web2 users
  • Paying Users: 1 Million
  • Partners: Supported by 20+ partners like Arbitrum and OKX

With the mainnet launch, DuckChain is all set to accelerate Telegram’s evolution into a super app and open a portal connecting the Web2 and Web3 worlds.

ISO: Introducing Telegram Stars as Unified Gas for Chain Transactions

DuckChain, the first TON-based Layer solution built on Arbitrum Orbit, positions itself as a consumer layer. Its mission is to onboard nearly a billion Telegram users to blockchain infrastructure.

Today, most blockchains use their native tokens as gas fees which means users need different tokens for various ecosystems, which makes cross-chain transactions complicated. DuckChain solves this by creating a unified gas system through ISO (Initial Star Offering). With ISO, Telegram Stars can easily be turned into on-chain assets to pay gas fees.

DuckChain’s new mainnet supports assets for on-chain activities. Future updates will also add features like account and chain abstraction to make transactions even easier.

Telegram Star, the native token for the Telegram ecosystem, simplifies payments for services and goods. It can be purchased directly with Apple Pay or Google Pay without needing third-party platforms. Both Web2 and Web3 users can use Telegram Stars within DuckChain, making transactions simple and accessible.

This system not only connects Web2 and Web3 users but also opens doors for wider use of decentralized finance (DeFi) within Telegram’s ecosystem.

DuckChain: Enabling Telegram’s Super App Ambitions

Telegram has integrated with TON and launched MiniApps, aiming to become a Web3 super app.

However, building a mature Web3 ecosystem requires three essentials: user traffic, liquidity, and a thriving ecosystem.

Currently, the Telegram ecosystem faces 3 key challenges:

  1. A predominantly off-chain user base of nearly 1 billion.
  2. A TVL of $300M concentrated in TON and stablecoins, indicating liquidity shortages.
  3. Complex development frameworks which slows developer participation.

DuckChain addresses these challenges through ISO, liquidity hubs, and modular development tools.

TON’s Liquidity Hub

EVM-compatible chains currently hold 80% of the total $100 billion in DeFi, while Bitcoin assets represent a large, untapped $1.8 trillion market. TON’s ecosystem, however, faces liquidity shortages. DuckChain, built on Arbitrum Orbit, connects TON with EVM-compatible ecosystems for seamless interoperability.

Moreover, it integrates deeply with Bitcoin L2 solutions, such as Babylon, making it a crucial bridge for TON’s liquidity and value exchange.

DuckChain’s mainnet introduces solutions like multi-chain and liquidity abstraction, enabling users to pay gas fees using various tokens, including TON and Telegram Star. It also incentivizes TON staking through DuckChain, offering annual yields and facilitating liquidity flow between ecosystems.

Modular Tools for Developers

To overcome TON’s development complexity, DuckChain collaborates with Arbitrum to provide an EVM-compatible framework, simplifying the creation, deployment, and migration of applications. Developers can leverage staking, marketplaces, DID systems, and other modular tools to build scalable dApps, seamlessly integrated with Telegram MiniApps.

DuckChain has already attracted over 50 ecosystem projects, fueling early-stage growth in TON’s application layer.

Soda Lee

https://duckchain.io/

info@duckchain.io

SOURCE: DuckChain

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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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