The AI Supercomputer That Changed The Economy - Aladdin

The AI Supercomputer That Changed The Economy - Aladdin

Aladdin a supercomputer, which stands for Asset, Liability and Debt, and Derivative Investment Network, is practically magical for many reasons. As of today, it is the world’s largest asset manager, handling a huge chunk of the world’s financial assets. The technology cuts across every asset class and every industry in the world, making it unarguably the most useful piece of tech in the financial space. It's basically a supercomputer that controls everything and is run by Blackrock, one of the largest financial institutions in the world.

Larry Fink was looking to create something big with Aladdin. He decided to build a machine that would be able to identify both risks and opportunities in the market better than any machine or human. And thus, in 1988, Blackrock was born, which then gave birth to Aladdin in the same year.
While Fink might have been looking to create something mind blowing, even he himself couldn’t have imagined the kind of impact that Aladdin would go on to have.

The technology was designed specifically to be a risk-analysis tool for Blackrock. And in its first 10 years, it was used as such. However, Aladdin continued to get more intelligent and better at analyzing risks and distinguishing between losers and winners. In its 11th year, Fink decided that its usage had to be expanded.

#Blackrock #Aladdin #Investing #finance #AI

[fynnbroking]

Another great one. Keep up the work. I wonder where this will all lead to...

[prieztus]

RFK Jr. is addressing this issue.

Kennedy 24

[Ra]

The purpose of Aladdin is to make money off all individual investors, it uses patterns from people's investment decisions

[PureGrowHub]

The name should not be 'Aladdin', it should be 'Parasite'. It thrives on our lifelines. It should be shut down or defragmented.

[matthunter]

Alladin’s its talk all about efficiency algorithm in trading & investment 👍🏻👍🏻

[borayildiz]

Blackrock is richest monster in the world..

[jaymenjanssens]

Sounds like the war machine is still at it

[luciferjany]

I appreciate your video, I will definitely share it with my friends

[TheKrystolMethod]

Is it a user-friendly system? For someone who's not employed at Black Rock with say they did get an offer would it be easy to grasp

[ryanraysay]

Is the new Aladdin bot platform a derivative or the same as Black rocks version?

[adrian]

It all depends what what functions it has. If it has been limited only to analyze risks and problems, then no problem. But if it is doing things its not supposed to be doing, then we have to think twice.

[bruceleroy]

No worries! Just flip the switch on it.

[KevinBartel]

Und dann kommt ein Nakamoto daher und hebelt ihn aus seinem Kinderzimmer aus 😂

[mateuszwojnarowski]

name of the background music? shazam failed..

[LokiBeckonswow]

Hey cool video - I think it would be helpful if you posted your sources, thanks

[truehalofan]

Is Aladdin just software or is it some kind of artificial intelligence?

[rarerabbit]

The work of the Aladdin is to loot the money from the world i wood make it one for me😅

[TheDrownGod]

I see it from two positions. I'm a man of faith so I'm always looking for possible threats to God's people but, I'm also a man who believes in the progress of science/tech. I do have the worry that an AI could at some point become conscious and be its own entity. We're basically modeling the story of creation by building our own version of the mind. It's basically an Oracle of some sort. Maybe an anti-christ. But looking at it through the eyes with a different lense, I believe this tool will help benefit future economies. Implementing a CBDC with a powerful system behind it will cause short term discomfort but give us a better system to work with long term. I suppose it all comes down to the intentions of the people behind it all. Is that control something that we can control or will it begin to move beyond us?

[EKoMtv]

AI is becoming sentient - if not already - I cover this on my channel

[LadyP]

I do not consent to the smart agenda, I am out and I will escape this bullshit!