Tristan was last on the show some three years ago in LFP063 which has been solidly in the Top5 most downloaded episodes of all time even since. Today he joins us to update us on what is hot in AI/ML – and there’s a lot 😉 – along with predicting commodity prices.
Tristan is now CEO of ChAi who are creating insurance products for the commodity markets and at the forefront of some of the most interesting developments in AI/ML today.
In this episode we cover some of the key important developments and in particular dive into some amazing examples of how Alt Data is crucial to the developments. The focus in AI/ML is moving away from algorithms and onto data.
There is no end to Fintechs reach – this week to the most fundamental industry in the world – Farming – easily forgotten but without which we would all die soon. 90% of the world’s commodities cannot be hedged exposing producers to huge risks. Stable are merging AgriTech with Fintech to enable producers to hedge/insure their risks.
Richard is both a Neolith and a Techolith – being Farmer and Fintech CEO and thus bridges these two worlds.
In our modern overly-financialised world they are something that most denizens of the City have much to do with. However back in the day the City was pretty much London and before shares existed the Royal Exchange which was opened in 1571 was a market for real stuff. Only later – well before the LSE – did it expand into shares.
So the origins of the City are totally in trading real things long before it traded abstract things.
Thus this week we go full circle – connecting not just one of the oldest industries in the world with the newest but also bridging over five centuries of The City’s history.