Threadneedle: Simulating the Financial System

Dr. Jacky Mallett. Photo: Morgunblaðið/Ófeigur.

Threadneedle was featured today in Morgunblaðið (Morning Paper) with an interview with IIIM’s Dr. Jacky Mallett – the scientist behind the software.

Threadneedle is a simulation framework developed to explore the behaviour of the banking system. It is based on a double entry book-keeping engine which reproduces the same monetary transactions used in modern banking. Threadneedle is the world’s first ‘atomic level’ simulation of the banking and financial system, and is meant to help us understand how the underlying mechanisms of the monetary system influence the behaviour of the whole economy.

Dr. Mallett goes over what  initially led her to work on the simulation and how it could benefit regulators and economists of the future.

Read the interview here and for more information about the project visit the Threadneedle web page.

 

How would you treat a Robot?

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Dolores Abernathy is one of the main characters in Westworld.

Artificial intelligence has long fascinated authors of books, movies and television shows. The science fiction buffs were in for a treat when HBO released their new series ‘Westworld’, which takes place in a theme park where robots indistinguishable from humans entertain guests who come to enjoy and raid a world simulating the Wild West.

The show embarks on a reoccurring theme in science fiction. “How would we treat artificial intelligence which displayed emotions similar to hours.?”

IIIM director, Dr. Kristinn R. Thórisson, sat down with journalist Ásgeir Ingvarsson at Morgunblaðið and discussed A.I. and the philosophical questions the creation of generally intelligent machines would raise.

You can read the whole article here.

AI Festival great success

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Dr. Kristinn R. Thórisson, Prof. Doyne Farmer, Dr. Magnús Torfason, Dr. Jón Guðnason and Dr. Jacky Mallett had a panel discussion.

The annual AI Festival, Gervigreindarhátíðin, was held on November 11th 2016 at Reykjavík University (RU). Over 150 attendees flocked to learn about the latest advancements and the progress that artificial intelligence has made this year and half as many watched a live feat of the lectures online.

The aim of the AI Festival is to raise awareness of AI and high-tech companies among both the general public and industry players. This open forum allows the cluster of high-tech companies in Iceland to incoprorate artificial intelligence for a unique to problem solving.

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