American commission-free brokerage platform Robinhood Markets Inc. has launched its Artificial Intelligence (AI) Lab. Dubbed Harmonic, this outfit marks the entry of the firm into the hot AI trend in the tech world.
The Robinhood AI Lab
According to Vlad Tenev, the CEO of Robinhood, Harmonic is designed as a commercial AI Research Lab. It will focus on building Mathematical Superintelligence (MSI).
Notably, the world knows about Artificial SuperIntelligence (ASI) and its unique capabilities. However, the MSI proposition is one that the Robinhood team believes Harmonic will showcase more enhanced reasoning that humans.
The development of Harmonic will primarily focus on correcting the hallucinations from modern day Large Language Models like ChatGPT. When AI applications hallucinate, they generally produce a wrong result compared to what is real or that they are programmed to do.
Eulogizing the potency of mathematics, Tenev reiterated that Harmonic models will conform with unique math models that will make its output unarguably accurate. Besides this, the Robinhood CEO said output from Harmonic will be verifiable and possibly auditable.
By incorporating mathematics as a primitive in our models, we will be able to solve this problem directly, and along the way build an incredibly useful tool for all of humanity. Output produced by our models will be verifiably correct + auditable, with no hallucinations. Because…
— Vlad Tenev (@vladtenev) June 10, 2024
With Harmonic, Tenev said he will only serve as a non-operating Executive Chairman with Tudor Achim names as the CEO.
Innovating for the Wider Market
Robinhood remains at the forefront of tech innovations with a very well defined embrace of Shiba Inu and the broader crypto industry. Rather than sit on its oars expecting the initiation of the a lawsuit from the US SEC following its previous Wells Notice, Robinhood has chosen to pursue innovation.
The firm recently unveiled it is acquiring Bitstamp, the oldest operating exchange in the crypto ecosystem for $200 million. Many industry observers have named the deal a very good one that can help expand the exchange’s global footprint.
While Robinhood has maintained its own push for diversified innovations, platforms like Binance has inked a 200 million global user count.
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