AI is not just one technology. Rather, it is an entire field of study in the same way that something like physics is.

Similarly, while physics has numerous branches or subfields – such as thermodynamics, electromagnetism, and quantum mechanics – so too does AI:

• Machine learning (ML), for instance, is a subfield that lies at the core of AI.
• Dig down a bit further and you’ll discover deep learning (DL), which is a subfield of ML.
• DL, in turn, serves as the foundation on which many generative AI models are built.

In essence, each concept or technology builds upon the previous one.

Nonbank financial institutions (NBFIs) such as hedge funds, private equity firms, and money market funds have taken a growing share of financial intermediation from traditional banks. This shift toward so-called “shadow banking” has heightened concerns about systemic risk, prompting regulators to step up scrutiny of the sector.

An initiative between a group of financial institutions and the world’s most publicly used blockchain promises to accelerate the migration of real-world assets onto the distributed ledger.

R3, a UK-based software group which has developed blockchains used by financial institutions including HSBC, Bank of America, Euroclear, and the Monetary Authority of Singapore, has struck a deal with the Solana Foundation that lets its clients issue and settle assets on Solana’s public blockchain. The Foundation will also invest in R3 and take a board seat – an unmistakable vote of confidence in a network better known (until now) for memes and retail-facing apps.