Ripple’s XRP makes it to the Simex crypto exchange platform

On the other hand, the Ripple (XRP) as a virtual payment network and as a cryptocurrency is a platform that connects banks, payment providers, and …

Simex crypto asset exchange platform announced yesterday that it had launched Ripple (XRP) crypto-asset against Ethereum (ETH), Bitcoin (BTC), and Tether (USDT).

As a Russian crypto asset exchange platform and an equity investment network that is registered in the US, the Simex exchange platform supports trading in Ethereum, Bitcoin, a sundry of ERC-20 tokens, and now Ripple (XRP). The Simex crypto exchange platform also supports fiat currencies such as the US dollar and the Russian ruble (RUB).

The crypto exchange platform is credited with offering start-up businesses and small companies clear, open, and transparent opportunities to fundraise funds from investors. Also, the Simex exchange platform avails secondary market that gives liquidity to the initial investors.

On the other hand, the Ripple (XRP) as a virtual payment network and as a cryptocurrency is a platform that connects banks, payment providers, and financial institutions. Ripple allows frictionless experiences in the safe transfer of money globally.

A Brief Description of Ripple’s XRP

XRP is a virtual token or coin that is used to represent the transfer of monetary worth across the Ripple Network. As a cryptocurrency, XRP acts as a mediator for both crypto and fiat exchanges. Co-founded by Jeb McCaleb and Chris Larsen, Ripple XRP was first released in 2012.

Unlike other virtual currencies like Ethereum and Bitcoin, Ripple does not have a blockchain platform. Contrary to what many assume, Ripple does not have a blockchain platform attached to its technology; instead, it has a patented technology that is known as the Ripple protocol consensus algorithm (RPCA). The term consensus in the name indicates that if every node is in agreement with others, no issues are experienced in the transfer of funds from point A to point B.

Imagine, it is in the ancient times where one hundred wise men represent a whole kingdom. For the Kingdom to undertake any significant activity, all the 100 wise men need to agree. If everybody agrees, they can go ahead and start or end a war, hike taxes, change the law and all manner of exciting things. But if one wise man refuses to agree, nothing will move until his issues are resolved.

Although the Ripple platform is more complicated than this example, the illustration demonstrates the basics of how the Ripple protocol works. Trust is a significant component of the workings of the Ripple Network.

Simex Crypto Exchange Platform

As an exchange platform, Simex provides users with the opportunity to create their virtual assets through the platform’s web terminal interface.

P2P TRANSACTIONS

Within SIMEX you can easily transfer any asset to other users by ID, phone number or via E-mail, with minimum commissions around the world.https://t.co/Q2ndNMSS2upic.twitter.com/c2EJoMcQjh

— 𝗕𝗮𝗻𝗸 𝑿𝑹𝑷 (@BankXRP) August 14, 2019

According to Simex, the creation of virtual tokens does not necessitate special skills in programming and blockchain technologies.

According to a senior Simex representative:

“The verification and recording of a smart contract in Ethereum’s blockchain, for instance, happens automatically after the approval of the information initiated by the user. Therefore, anyone on planet Earth can create their token and get rid of it at their discretion after they have registered as users in the Simex website.”

As per the management of Simex, this attribute is specifically useful for companies who wish to release their tokens. Upon releasing the release token order, the company’s order is then automatically positioned in the Simex listing.

A senior Simex representative said,

“As it stands right now, Simex can cease to be categorised as an ordinary virtual wallet. At present, Simex is a multiplatform that allows numerous fintech and blockchain operations to take place on its platform.”

Simex Advantages

Apart from its multiplatform status, the Simex platform supports the transfer of fiat currencies (US dollar and the Russian ruble) on its network, making it easy for users to buy virtual assets using cash and cash out using cryptocurrencies.

Also, the latest digital asset exchange platform that listed XRP, Simex supports many payment methods that include credit cards in its operations. Fiat currencies can be deposited to and withdrawn from the Simex platform using Webmoney, credit/debit cards, Yandex, and bank wire transfers. It is worth noting that these transactions attract charges.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Barrow Hanley Mewhinney & Strauss Has Lowered By $35.14 Million Its Bank Of America (BAC …

… KONG 2018 GDP GROWTH OUTLOOK TO 4.0% FROM 3.5%; 02/04/2018 – NXTID Inc. Releases Financial Results for the Year Ended December …

Bank of America Corporation (NYSE:BAC) Logo

Barrow Hanley Mewhinney & Strauss Llc decreased Bank Of America Corp (BAC) stake by 13.81% reported in 2019Q1 SEC filing. Barrow Hanley Mewhinney & Strauss Llc sold 1.30M shares as Bank Of America Corp (BAC)’s stock rose 1.39%. The Barrow Hanley Mewhinney & Strauss Llc holds 8.12M shares with $224.11M value, down from 9.42 million last quarter. Bank Of America Corp now has $263.70 billion valuation. The stock decreased 0.18% or $0.05 during the last trading session, reaching $28.33. About 52.60M shares traded or 5.92% up from the average. Bank of America Corporation (NYSE:BAC) has declined 2.01% since August 10, 2018 and is downtrending. It has underperformed by 2.01% the S&P500. Some Historical BAC News: 15/03/2018 – ‘Good Side’ of U.S. Eco Data Is Strong, Says BofA’s Meyer (Video); 14/05/2018 – Norfolk Southern at Bank of America Conference Tomorrow; 15/05/2018 – resTORbio Presenting at Bank of America Conference Tomorrow; 28/03/2018 – MANNAI PICKS BOFA, NOMURA, STANCHART FOR PERPETUAL $ BOND; 13/05/2018 – BAML RAISES HONG KONG 2018 GDP GROWTH OUTLOOK TO 4.0% FROM 3.5%; 02/04/2018 – NXT-ID Inc. Releases Financial Results for the Year Ended December 31, 2017; 09/05/2018 – ArcelorMittal hires Bank of America to sell European steel assets; 18/04/2018 – Euro, yuan and rouble lead forex trading revival – BAML; 16/05/2018 – Vital Therapies at Bank of America Conference Tomorrow; 09/04/2018 – ONEX ONEX.TO MANDATES GOLDMAN SACHS GS.N , CREDIT SUISSE CSGN.S AND BANK OF AMERICA BAC.N AS GLOBAL COORDINATORS OF SIG COMBIBLOC IPO

FLIGHT CENTRE LTD ORDINARY SHARES (OTCMKTS:FGETF) had a decrease of 31.67% in short interest. FGETF’s SI was 28,700 shares in August as released by FINRA. Its down 31.67% from 42,000 shares previously. It closed at $29.28 lastly. It is up 0.00% since August 10, 2018 and is . It has by 0.00% the S&P500.

Investors sentiment increased to 0.99 in Q1 2019. Its up 0.16, from 0.83 in 2018Q4. It increased, as 57 investors sold BAC shares while 577 reduced holdings. 154 funds opened positions while 474 raised stakes. 6.30 billion shares or 2.30% less from 6.44 billion shares in 2018Q4 were reported. Norinchukin Comml Bank The reported 709,226 shares. Sage Fincl Grp Incorporated holds 0% in Bank of America Corporation (NYSE:BAC) or 1,053 shares. Monetary Gru has invested 0.41% in Bank of America Corporation (NYSE:BAC). Texas-based King Luther Capital Mgmt has invested 1.61% in Bank of America Corporation (NYSE:BAC). Kempner Incorporated reported 257,766 shares. Thompson Invest Management reported 351,644 shares. Andra Ap invested in 116,700 shares. Adage Capital Partners Grp Inc Ltd accumulated 0.72% or 10.48 million shares. Hilltop holds 31,233 shares. Tci Wealth Advsr accumulated 13,512 shares. Greatmark Investment Partners reported 256,211 shares or 2.23% of all its holdings. Bkd Wealth Advisors Limited Liability Company invested in 0.1% or 43,256 shares. Sanders Capital Lc has 3.19% invested in Bank of America Corporation (NYSE:BAC) for 24.06M shares. Ogorek Anthony Joseph Ny Adv reported 50 shares. Sns Financial Grp Llc holds 15,360 shares or 0.09% of its portfolio.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on October, 21. They expect $0.69 earnings per share, up 4.55% or $0.03 from last year’s $0.66 per share. BAC’s profit will be $6.42B for 10.26 P/E if the $0.69 EPS becomes a reality. After $0.74 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -6.76% negative EPS growth.

Barrow Hanley Mewhinney & Strauss Llc increased Etrade Financial Corp (NASDAQ:ETFC) stake by 545,554 shares to 1.88 million valued at $87.32M in 2019Q1. It also upped Wyndham Hotels & Resorts Inc stake by 824,157 shares and now owns 2.45M shares. Berkshire Hathaway Inc (BRKB) was raised too.

Among 6 analysts covering Bank of America (NYSE:BAC), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Bank of America had 12 analyst reports since February 19, 2019 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Tuesday, June 18 by BMO Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Jefferies on Wednesday, April 17. On Friday, July 26 the stock rating was upgraded by Wood to “Outperform”. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, April 17. Credit Suisse maintained it with “Buy” rating and $35 target in Tuesday, February 19 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Oppenheimer on Tuesday, March 26. On Tuesday, July 9 the stock rating was maintained by JP Morgan with “Overweight”.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank of America declares $0.18 dividend – Seeking Alpha” on July 25, 2019, also Seekingalpha.com with their article: “Bank of America moves into Ohio – Seeking Alpha” published on July 22, 2019, Seekingalpha.com published: “Bank of America Q2 2019 Earnings Preview – Seeking Alpha” on July 16, 2019. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “3 Big Bank Stocks to Buy Today – Investorplace.com” published on July 29, 2019 as well as 247Wallst.com‘s news article titled: “What to Expect When Bank of America Reports Wednesday – 24/7 Wall St.” with publication date: July 16, 2019.

Flight Centre Travel Group Limited provides travel retailing services for the leisure, corporate, and wholesale travel sectors in Australia, New Zealand, Europe, the Middle East, Africa, the Americas, Asia, and Internationally. The company has market cap of $. The firm offers leisure travel services for the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services for organizations of various sizes across industries. It currently has negative earnings. It also supplies products to its national and international network, or travel retail outlets.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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Rostelecom subsidiary to spend RUB 1.5 bln on security software

The company plans to acquire software from Kaspersky Laboratory for RUB 252.6 million, as well as software and equipment from Infotec for RUB 1.3 …

Russian company RTK IB, a subsidiary of the national operator Rostelecom, announced tenders for the procurement of information security software and hardware of domestic origin, reports Cnews.ru. The company plans to spend RUB 1.55 billion.

The company plans to acquire software from Kaspersky Laboratory for RUB 252.6 million, as well as software and equipment from Infotec for RUB 1.3 billion.

The company didn’t specify the exact projects for which the software and hardware will be used.

RTK IB was founded in 2016. Westelcom, a fully-owned subsidiary of Rostelecom, owns a 99 percent stake in the company, and another subsidiary of Rostelecom, AMT, owns the rest.

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Putin’s pledge to ditch the US dollar is slowly becoming a reality

“The trend is likely to continue because the infrastructure for transactions in alternative currencies is improving,” Renaissance Capital’s Ms Donets said …

Moscow

RUSSIA is acting on a pledge by President Vladimir Putin to shrink the role of the US dollar in international trade as tensions sour between Washington and Moscow.

The shift is part of a strategy to “de-dollarise” the Russian economy and lower its vulnerability to US sanctions.

But while the central bank was able to quickly dump half of its dollar holdings last year, progress in trade has been slow due to ingrained use of the greenback for many transactions.

sentifi.com

Market voices on:

The share of euros in Russian exports increased for a fourth straight quarter at the expense of the US currency, according to central bank data.

The common currency has almost overtaken the dollar in trade with the European Union (EU) and China and trade in roubles with India surged.

The dollar’s share in import transactions remained unchanged at about a third.

“There’s been a strong incentive to change, not just for Russia but for its trading partners too,” said Dmitry Dolgin, an economist at ING Bank in Moscow. “The European Union is also now facing trade pressure from the US” pushing them to try to reduce dependence on the dollar, he added.

The euro came close to replacing the dollar as the currency of choice for Russian exports to the EU, with its share climbing to 42 per cent in the first quarter from 32 per cent a year earlier.

Russia still relies on the dollar for more than half of its US$687.5 billion annual trade, though less than 5 per cent of those deals are with the US.

Part of Russia’s motivation to shift is that companies suffer delays on as much as a third of international payments in dollars because Western companies have to check with the US whether the transactions are allowed, Russian Finance Minister Anton Siluanov said in December.

The euro’s share also increased in Russia’s US$108 billion annual trade with China, jumping to more than a third of export settlements in the first quarter from almost nothing at the start of 2018.

This shift, which covers commodity sales and big state contracts, has been accelerated by the development of payment infrastructure at the central bank and other lenders, according to Sofya Donets, an economist at Renaissance Capital in Moscow.

Trade in the yuan is difficult because of capital restrictions that limit foreigners’ access to Chinese assets, Dmitry Timofeev, who heads the Finance Ministry’s sanctions department, told the RBC newspaper.

“The yuan isn’t completely convertable, which means it can’t play a significant role in world trade,” Mr Timofeev said.

The most dramatic shift is visible in Russia’s US$11 billion trade with India. The rouble accounted for three quarters of total settlement in exports between the two emerging markets after they agreed on a new payment method through their national currencies for multi-billion-dollar defence deals.

“The trend is likely to continue because the infrastructure for transactions in alternative currencies is improving,” Renaissance Capital’s Ms Donets said. “Russia won’t be able to give up using the dollar completely though, especially for trade of oil.” BLOOMBERG

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Tesla And Elon Musk Might Find Their Way To Self-Driving Cars Via Neuralink And Brainjacking

The question was prompted by last Tuesday’s Neuralink presentation (on July 16, 2019, see the recorded video here), showcasing Musk and various …

Tesla CEO Elon Musk

ASSOCIATED PRESS

I was speaking at an AI autonomous vehicle industry event this week and was asked whether there is any kind of connection between Elon Musk’s efforts with Tesla and his activities with Neuralink, which is his futuristic play on using advanced tech to tap into human brains.

The question was prompted by last Tuesday’s Neuralink presentation (on July 16, 2019, see the recorded video here), showcasing Musk and various Neuralink scientists and researchers, touting their newly unveiled wares and software that they’ve been toiling away on, having crafted it with great intensity and single-minded purposefulness in their souped-up neurotechnology labs.

My answer about the potential connecting tissue between Tesla and Neuralink is that the simplistic answer is there isn’t any direct linkage per se (other than Musk himself), but, if you are willing to stretch your imagination, stepping outside most anyone’s comfort zone, there might be a synergistic aspect in the realm of self-driving cars.

Yes, I said it, there is a potential connecting perspective via the realm of self-driving cars.

Preposterous, some might retort.

Well, give me a moment to at least explain the logical underpinnings that support such a seemingly outlandish assertion.

Let’s start by unpacking what Neuralink is doing.

Unlocking The Human Brain

Neuralink was one of those stealth firms that Musk opted to get underway, doing so in 2016, becoming publicly known later on in 2017, and gained notoriety due to the hiring of several of the world’s topmost neuroscientists. You can’t really keep a brain trust of this magnitude under wraps for very long (brainiacs about the brain, one might say).

On a practical everyday basis, the stated goal was to be able to better treat brain diseases and that via neurotechnology you could hopefully plant devices into the noggin and overcome or at least mitigate neural disorders.

Like many newborn “hot” tech firms that want to also have a broader vision and see far beyond the near-term trials and tribulations of today’s world, they also stated that they were ultimately aiming to enhance humans, essentially bringing to real-life the desires of transhumanism (a philosophy that high-tech should be used to transform humans to a greater plain).

For start-ups that want to swing for the fences, it’s crucial to have an out-there kind of aspiration or goal, and undoubtedly Neuralink has one.

Imagine that you could implant electrodes or the equivalent into the human brain.

Suppose further that you could do this without harming the brain, and you could do this without having any visible indication that someone has these in their brain (no protruding antennas, no Frankenstein scars, etc.).

To use the implanted electrodes, there would be a wireless means to communicate with them. Thus, you could have these embedded computer-like elements sitting inside your head, no one else the wiser, and yet you would potentially be the wiser, or maybe at least be better off, as a result of the brain melded apparatus.

This is a really tough problem to solve.

Consider these foundational questions:

• How can you put something into a person’s head and yet not kill them or otherwise mar their brain?

• Even if you can get electrodes into the brain, what good will it do if you are unable to detect what is happening inside the brain?

• And, even if you can plant something and even if you can perhaps detect signals of one kind or another, how can you interpret and make sense of those signals such that it relates to what people are actually thinking?

I realize it seems eerie to contemplate putting electronics into someone’s head.

You’ve perhaps seen pictures or videos of various methods and devices being used today, mainly consisting of overly sized, physically intrusive electrodes that stick-out like a porcupine and you can only viably utilize while inside a sterile hospital room or equivalent.

There are some efforts involved in “remotely” detecting the neural signals of the brain by wearing a cap or bowl-like bonnet on your head. These though are oftentimes unable to pinpoint specific neurons and also have to deal with signal degradation and noisiness because of the cranium or skull acting as a kind of ethereal barrier to signal detection.

The initial joke or eye-wink within Neuralink was that Musk wanted them to build a “wizard hat” for the brain.

Zoom forward in time to the Tuesday presentation and you can see that the researchers have gone further than merely aiming at devising a hat.

They have been working on tiny electrodes that can be inserted with the use of tiny threads, doing so with delicate precision as guided by a specially built robotic hand. This also includes an electronic chip that is called the N1 sensor and a wearable device that looks like a petite hearing-aid that you might clip onto your ear (they call it the Link, a portable Bluetooth device that includes a battery).

I’d urge interested readers to look at the Neuralink white paper that describes the particulars of the clever approaches used and includes pictures and diagrams depicting the pioneering devices involved (here’s a link to the white paper).

As stated in their white paper, they have been developing a groundbreaking, scalable, high-bandwidth brain tapping system, encompassing flexible polymer probes, various customized low-power electronics, and can be precisely placed or inserted via the use of an innovative robotic hand. Besides having put together the devices and infrastructure to do this, they have also been running experiments on rats (in accordance with the lab animal guidelines of the National Research Council).

Believe it or not, they have created a smartphone app that you can then use to communicate with the devices inside your head. Instead of watching those endless cat videos, you can watch your brain at work, though it is right now just measuring bio-electrical spikes and signals. Figuring out what those signals signify is still being figured out.

Before you rush to your local store to buy electrodes, please keep in mind that this is an early-stage research effort and they have quite a distance to go before this becomes something tangible in terms of life-changing for humans. Some critics have also pointed out that their efforts do not seem as yet to involve the traditions of peer review and associated experimental control trial methods, plus they have not sought FDA approvals and nor other regulatory review and feedback.

On a scoping aspect, it might be worthy to note that the brain has an estimated 100 billion neurons (some argue it is closer to 86 billion, which admittedly is nearly 20% less than 100 billion, but anyway, let’s not quibble over it). For each neuron, there are biological synapses that are like branches outreaching to other neurons, of which there are an estimated 100 trillion of those.

The Neuralink team suggests that they could potentially insert up to 10,000 electrodes into a brain, a huge leap forward from today’s technology, yet if you compare this amazing step-up to the vastness of the brain, you obviously are still relegated to a teeny tiny portion of the universe of neurons in your head.

Musk, always wanting to move faster and make jaw-dropping rapid progress, stated during the presentation that Neuralink might be undertaking real-world trials in a human head, an actual living human patient, before the end of 2020.

He didn’t say how to contact the lab if you want to volunteer, so if you were thinking about it, you’ll likely need to wait a bit longer than 2020 to try one out.

Brain Insertion And Self-Driving Cars

In an AI column that I posted nearly two years ago, I had speculated about the progress that we’d see in the field of brain tapping or more properly and formerly referred to as BMI (Brain Machine Interfaces). You might know of this via its slang or streetwise naming, the so-called “brainjacking” as a more commonplace vernacular.

It is wonderful to witness the BMI progress purportedly being made via the work of Neuralink (subject to verification and validation).

With that being said, let’s return to my earlier remark that somehow BMI or the capability of tapping into the brain could be leveraged toward the advent of self-driving cars, a likely puzzling comment of intriguing proportions.

I’ll start by offering an important utterance by Musk during the Neuralink presentation, whereby he said that the effort to connect with the brain is going to be a type of symbiosis with Artificial Intelligence. He even said that it would be a “go along for the ride” of the brain and AI being able to work together, a virtual merging of a kind, combining what an AI system brings to the table with what the human mind brings to the table.

Couldn’t agree more.

The current approach by Neuralink concentrates on being able to detect neural signals in a human’s brain and then allow the human to do something about it.

You might for example glance at your smartphone, see that it is displaying the spiking of neurons that have to do with (let’s say) being depressed, giving you a handy visual indicator that you are on the verge of a potentially deep and debilitating depression cycle. By having this detection so easily displayed, you might re-focus your mind, aiming to halt the depression in its tracks, doing so before it can grab hold of your brain overall.

Up the ante. If there was a sophisticated AI app on your smartphone, it might be able to interpret those neural signals just as you would have, likely faster, and perhaps alert you that a depression cycle was festering.

Or, and here’s a bit of a controversial next step, the AI might opt to send signals to the electrodes in your head, trying to suppress the depression. This could be done by the AI without having to warn you about the emerging depression. Instead, the AI goes about doing its job, just as though you were using an app to keep you from forgetting where you put your car keys or neglecting to brush your teeth.

Whoa, some say! We have gone from the read-only version of brain tapping and ventured into the write-into the brain variation, a nightmare of sorts to those that doubt the efficacy of such an approach. Couldn’t the government then force our minds to be filled with the thoughts that the government alone wanted us to believe? Yes, it opens an ethical can-of-worms, for sure.

That’s why the word “brainjacking” is befitting when you are allowing a BMI to cause a change in the neuron signals within the brain. We probably would agree that jacking isn’t the right wording if the BMI only was reading from the brain. Once the system is permitted to change the brain by altering signals in neurons, you’ve entered into an entirely different ballgame and essentially can overtake or jack the mind, presumably, theoretically.

Anyway, I’d like to make this discussion easier by stipulating for the moment that we’ll assume the BMI will be read-only (conspiracy theorists won’t like the assumption).

Now, let’s bring self-driving cars into this picture.

Currently, you drive a car by handling a steering wheel and moving your feet onto and off of an accelerator pedal and a brake pedal. That’s the long-time conventional method of manipulating the driving controls.

Some have suggested that with the advent of Siri and Alexa, considered Natural Language Processing (NLP) AI-based systems, maybe humans could merely speak while sitting inside a car and use spoken commands to drive the vehicle. Hey, driving system, please accelerate to 40 miles per hour. Driving system, you are going too fast, slow down to 30 miles per hour. Hey, hits the brakes, hard! And so on.

Not at all practical.

The time it takes to speak such utterances tends to be much lengthier than moving your arms or legs, thus it would be too much of a delay. Your utterances might be misstated, especially when faced with a dire emergency. You also might say the wrong thing, perhaps telling a friend in the car about the time that you hit the brakes, and the voice system mistakenly suddenly jams on the brakes since it assumed you had given it a command. Etc.

What is much faster than voice and even faster than using your arms and legs? Your mind.

Let’s suppose you had a BMI device in your head that could connect to your car, doing so wirelessly, just as your smartphone can today connect wirelessly to your car. You get into your car and mentally tell the car to start. It starts. You mentally tell the car to proceed ahead at a pace of 5 miles per hour. The car proceeds ahead.

Before you howl at this seemingly crazy idea, I concede that there are numerous problems or issues with the BMI-to-car approach.

Even if you could master your mental processes to the degree of being able to focus them toward driving the car and doing so in a manner that the BMI can detect, you are undoubtedly skeptical since a person might veer away from the mental effort of driving and suddenly the car has no mental orders being fed to it. Or, maybe the human “driver” is drunk and their thoughts are wild, causing the car to wildly weave across the lanes of the freeway.

Well, remember the symbiosis point.

If the car was AI-equipped, it would be co-sharing the driving with you, and presumably could contend with situations whereby your mind wonders afield or you are in a drunken state-of-mind. Almost like having a sober buddy to help with the driving.

Usually, at this juncture of such a discussion, I have someone say that you might as well have the AI do all of the driving and cutout the human driver. Why deal with the BMI aspects if you don’t have to do so, some would argue.

That’s the rub.

We don’t yet know whether we can get AI to the vaunted Level 5 of being able to fully autonomously drive a car. Some say yes, we can, and others say we aren’t going to get there, either for a very long time or possibly never.

As such, if you believe that humans will still need to be involved in the driving task and that the AI can’t make it the “last mile” of being good enough to do so, we might augment the AI with the human brain, using BMI. For example, it’s rather apparent right now that we aren’t going to crack-the-code anytime soon on human common-sense reasoning, therefore you might allow the AI that doesn’t have common-sense reasoning to tap into a human that does have it.

Conclusion

Before you bust a gasket and point out that this have lots of unsightly loopholes and guffaws as an approach to driving, I’ll just say that I had forewarned you that this is outside-the-box thinking. Maybe outside of the box of the outside-of-the-box thinking.

It’s an interesting equation, offering that we might combine BMI with AI, and then combine those with cars, leading us toward either better semi-autonomous cars or fully autonomous ones, though obviously, it isn’t in the spirit of being truly fully autonomous if the AI is going to be reliant on the human mind for assistance.

There’s an argument in there about the notion that supposes your brain was able to interact with the AI of the self-driving car on a subliminal basis, thus, you weren’t really taxing your mind per se and it was like you were merely along for the ride (meanwhile your brain was being used to help out).

Does that constitute full autonomy, when you aren’t even aware of your brain being so utilized? Most would say that if the mind is used in the tiniest iota, the AI is not truly autonomous.

As relief on this topic, none of this is going to be possible for quite a while, so you can allow your mind to rest easy about this, for the time being.

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