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Dr. Mark Khater

πŸ‘€ Speaker
685 total appearances
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A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

And then it doesn't stop there, but it has to be embedded in a proper investment ecosystem.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

So we had to take our platform to the regulator.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

We actually volunteered to do that because still, you know, there isn't much regulation around how a computer trades stocks.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

But we had a good discussion with the regulator Finmar in Switzerland.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

about, guys, this is what we do.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

What do you think we need to improve to be more compliant?

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

And then again, we're a bunch of wonderful techies who can make these things, but we are not licensed traders and we are not licensed investment managers.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

So we had to bring in the licensed investment managers, the licensed traders, train them on the platform, give them access to it.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

So I think what we did, and I actually think this is prudent, I think this is the right thing to do, is...

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

We didn't attempt to disrupt the financial investment field.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

We attempted to fit into the ecosystem because AI disrupting is something we all get very excited about.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

But again, disrupting an investment process isn't necessarily the smartest thing to do.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

Because the way an investment process has been built over many, many years, the regulation, the people, the licensing, what you can and cannot trade, the compliance, those elements of a human in the loop is what makes a lot of our investments incredibly safe.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

So we took the stance that actually disrupting it with AI isn't the smartest way forward.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

We'd rather fit into that ecosystem because that enables us to safeguard the investments of our clients.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

So we sort of operate around something we call the three S's in our company, sense, seize, and safeguard.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

So a lot of the sensing and seizing happens through the computers, through the artificial intelligence.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

All safeguarding happens through the standard investment ecosystem and humans in the loop that regulate that process and ensure we don't lose money for our clients.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

So this is interesting.

A Beginner's Guide to AI
The Scariest AI Scenario Isn't Terminator, Dr. Mark Khater Says

This is not an automatic platform, but it's more like a helper, assistant, co-pilot, partner, what you say nowadays, to people who trade.