Category: News

  • Beyond the Model: Why Backend Engineers Are Central to Responsible AI

    Beyond the Model: Why Backend Engineers Are Central to Responsible AI

    The Core Argument

    Responsible AI is not achieved only through policy documents, model cards, or compliance reviews. It is built into the everyday engineering decisions that determine how data is stored, how models are called, how predictions are logged, how failures are handled, and how users can challenge automated outcomes. This article argues that backend engineers are central to that responsibility.

    Artificial intelligence is no longer a research project. It is now a production dependency: a component embedded in live systems that shape hiring decisions, credit assessments, health referrals, customer experiences, and access to essential services.

    Yet despite widespread investment, many organisations still struggle to move from experimentation to reliable production value. BCG’s 2025 study of more than 1,250 firms worldwide found that only 5% were achieving AI value at scale, while 60% reported no material value despite substantial investment.

    As AI becomes more deeply integrated into the applications we build, responsible implementation is no longer optional for software developers. It is the invisible scaffolding that determines whether AI delivers value or quietly causes harm.

    At the heart of that scaffolding are not only data scientists, product teams, or compliance specialists. They are also the backend engineers who design the databases, write the APIs, build the queues, manage the logs, and choose the architectural patterns that shape how AI behaves at scale.

    These engineers make critical ethical decisions long before a model reaches the user. They decide what data is stored, how long it is retained, whether predictions can be traced, how failures are handled, and whether a human can intervene when an automated system gets something wrong.

    In other words, backend engineers do not simply support AI systems. They help govern them.

    What Is Responsible AI Integration?

    Responsible AI integration means building intelligent systems around people, not just performance metrics. It means designing pipelines that are auditable, selecting architectures that fail safely, and writing code that preserves a user’s ability to question or contest automated decisions.

    It is not about adding an ethics checklist at the end of delivery. It is about intentionality at every stage of the build: how data is structured, how models are called, how outputs are logged, how failures are handled, and how human oversight is preserved when automated systems produce uncertain or high-impact results.

    For UK-based systems, this aligns closely with UK GDPR Article 22, which protects individuals from solely automated decisions that have legal or similarly significant effects. The ICO explains that, where such automated decision-making is used, organisations must provide suitable safeguards, including the ability to obtain human intervention, express a view, and contest the decision. 

    This also aligns with ISO/IEC 42001:2023, the world’s first AI management system standard, which provides a structured framework for organisations to manage AI risks, governance, transparency, and responsible use across the AI lifecycle. 

    Responsible AI integration, therefore, is not a separate governance activity that sits outside engineering. It is a practical engineering discipline. It lives in schemas, APIs, queues, logs, access controls, monitoring dashboards, rollback plans, and escalation paths.

    A responsible AI system is not only one that performs well. It is one that can explain what happened, preserve evidence of how a decision was made, fail safely when confidence is low, and allow a humans to intervene when the consequences matter.

    Where AI Integration Breaks in Production

    AI governance failures rarely begin with malicious intent. More often, they emerge from engineering blind spots: decisions that appear purely technical at the time, but later reveal ethical, legal, or operational consequences.

    In 2020, the UK Home Office agreed to abandon its visa “streaming algorithm” after legal action from campaign groups, including Foxglove and the Joint Council for the Welfare of Immigrants, who argued that the system risked embedding discrimination into visa processing. The case showed how opaque classification systems, proxy variables, and data pipeline choices can turn administrative automation into a governance failure. 

    In 2023, the National Eating Disorders Association suspended its Tessa chatbot after reports that it produced harmful advice for users seeking eating-disorder support. The incident underlined a broader engineering lesson: systems serving vulnerable users need stress testing, escalation paths, human oversight, and clearly defined failure boundaries before deployment. 

    In my own experience building and maintaining production systems, the most common AI governance failures share a familiar anatomy:

    Failure patternWhy it matters
    Logging AI outputs without capturing the inputs, prompts, or model versions that produced themThe organization cannot explain or audit how a decision was reached
    Caching predictions without surfacing their age to the application or userStale outputs may be treated as current or authoritative
    Storing AI scores without recording the model version that generated themTeams cannot compare, reproduce, or roll back decisions after model changes
    Missing fallback logic for AI service outagesA model failure becomes an application-wide failure
    Deploying new model versions without validated rollback mechanismsTeams lose control when a release behaves unpredictably in production

    Almost all these failures trace back not to bad algorithms, but to design decisions made before deployment. The model is only one part of the system. The architecture around it determines whether its outputs can be explained, challenged, monitored, and safely reversed.

    The Role of the Backend Engineer in AI Ethics

    Backend engineers are often perceived as implementers: turning requirements into working systems, maintaining uptime, optimising queries, and keeping services available. But in AI-driven environments, their influence reaches far beyond implementation.

    They are among the first architects of how AI is governed in practice, and often the last line of assurance before a model’s output reaches a user.

    In traditional software systems, consequences are usually more visible. A failed payment, a broken form, or a slow endpoint can be detected, logged, and fixed. In AI-enabled systems, consequences are often less obvious. A recommendation may quietly be disadvantageous to one group of users than another. A risk score may influence access to support. A chatbot response may appear plausible while being inappropriate for the user’s context.

    This is where the backend engineer’s role expands. They are not merely building infrastructure around a model. They are designing the conditions under which that model can be trusted, questioned, limited, monitored, and safely overridden.

    That responsibility takes several practical forms.

    Data Architecture as Ethical Infrastructure

    The database schema is an ethical document.

    When a backend engineer decides how user data is structured, they also influence what an AI system can learn, infer, and reproduce. When they choose which fields are included in a training or inference pipeline, they affect whether sensitive attributes or demographic proxies enter the system. When they design a data retention policy, they decide how long AI-enriched records persist and who can later interrogate them.

    In my work building modular e-commerce platforms, data structure decisions directly shaped the fairness and accountability of downstream AI features. Questions such as whether purchase history should be retained after account deletion, whether AI-generated pricing signals should be versioned alongside the rules they influenced, and whether recommendation data should be segmented by user context were not only data science questions. They were backend engineering decisions with ethical weight.
    A poorly designed data model can make a system impossible to audit. A well-designed one can preserve traceability, accountability, and user protection long after the model itself has changed.

    Writing Requirements That Govern AI Behavior

    Backend engineers are uniquely positioned to translate ethical principles into concrete system behaviours. In AI-enabled systems, this means writing requirements that govern not only what the model does, but how the surrounding application behaves when the model is uncertain, unavailable, contested, or wrong.

    These requirements may look like ordinary acceptance criteria, but they carry governance weight:

    Governance requirementEngineering purpose
    All AI-generated outputs must be persisted with the model version, timestamp, input reference, and confidence score that produced them.Supports auditability and traceability
    If inference latency exceeds 2,000ms, the system must degrade gracefully using a defined fallback rather than failing the user journey.Prevents AI service failure from becoming application failure
    Users must be able to flag AI outputs as incorrect or harmful, and flagged cases must enter a human review workflow.Preserves contestability and human oversight
    Confidence scores below an agreed threshold must trigger manual review rather than automated action.Reduces over-reliance on uncertain predictions
    Model changes must be deployable independently from core application releases, with rollback paths documented and tested.Supports operational safety and controlled change

    These are not abstract ethical statements. They are engineering requirements. In regulated or high-impact contexts, particularly those involving UK GDPR Article 22, financial services obligations, employment decisions, education, healthcare, or safeguarding, they can be the difference between a system that is accountable and one that becomes a liability.

    Summary: Responsible AI Is an Engineering Discipline

    Responsible AI is not achieved through policy documents alone. It is built into the everyday technical decisions that determine how data is collected, how models are called, how predictions are stored, how failures are handled, and how users can challenge automated outcomes.

    For backend engineers, this means treating governance as part of system design. Audit logs, model versioning, fallback logic, human escalation paths, and rollback mechanisms are not optional extras. They are the infrastructure that makes AI systems accountable in production.

    The central message is simple: AI may produce the output, but engineering determines whether that output can be trusted, explained, contested, and safely controlled.

    About the Author

    Emeka Emmanuel Oziri is a Software Developer at the University of Aberdeen, and a Software Engineer and AI Researcher with over six years of experience building scalable web applications, APIs, and backend systems across commercial and social impact projects in the UK. He holds an MSc in Computer Science from Birmingham City University and is a Udemy instructor with more than 16,000 students across 140+ countries.

    He was recognised with the Best HealthTech Impact Award through the West Midlands Health Tech Innovation Accelerator programme. His work focuses on responsible AI, backend engineering, and building trustworthy technology for real-world impact.

    References

    • Boston Consulting Group. (2025). The Widening AI Value Gap.
      https://media-publications.bcg.com/The-Widening-AI-Value-Gap-October-2025.pdf
    • Information Commissioner’s Office. Rights related to automated decision-making including profiling.
      https://ico.org.uk/for-organisations/uk-gdpr-guidance-and-resources/individual-rights/individual-rights/rights-related-to-automated-decision-making-including-profiling/
    • ISO. (2023). ISO/IEC 42001:2023 — Artificial intelligence management system.
      https://www.iso.org/standard/42001
    • Foxglove. (2020). Home Office says it will abandon its racist visa algorithm after we sued them.
      https://www.foxglove.org.uk/2020/08/04/home-office-says-it-will-abandon-its-racist-visa-algorithm-after-we-sued-them/
    • Digital Freedom Fund. UK Home Office visa application streaming algorithm.
      https://digitalfreedomfund.org/case-studies/uk-home-office-visa-application-streaming-algorithm/
    • Wired. (2023). A chatbot encouraged him to restrict calories. The National Eating Disorders Association shut it down.
      https://www.wired.com/story/tessa-chatbot-suspended/
    • UK Human Rights Blog. (2020). Government scraps immigration “streaming tool” before judicial review.
      https://ukhumanrightsblog.com/2020/08/06/government-scraps-immigration-streaming-tool-before-judicial-review/
  • Latest Jobs News: Tech Giants Launch Massive Hiring Spree

    Latest Jobs News: Tech Giants Launch Massive Hiring Spree

    Tech careers are experiencing an extraordinary surge, with cybersecurity positions growing 37% this year alone. The cybersecurity field’s expansion substantially exceeds other sectors and experts project it will grow by more than 90% through 2030. The latest jobs report from newsarena.tech shows that companies just need AI Prompt Engineers, Cloud Architects, Cybersecurity Analysts, and DevOps Specialists.

    The job market looks even more promising as AI-related positions grow 3.6 times faster than average roles in the UK[-3]. Tech sector experts expect a 15% rise by 2025. Professionals can earn between $85,000 to $210,000 yearly, based on their experience and specialization. The UK tech sector has become a major employer with 1.8 million people, making up 5.4% of the country’s workforce. Major players like OpenAI, Salesforce, and Nvidia are actively seeking Machine Learning Engineers, AI Product Managers, and Prompt Engineers.

    Tech Giants Trigger Hiring Boom Across Sectors

    Tech giants worldwide have started a massive hiring spree that’s creating countless opportunities in growing sectors. Their recruitment drives are changing job markets in specialized fields of all types.

    Cybersecurity jobs rise 37% amid growing threats

    Big companies are building their cybersecurity teams faster as digital threats increase. Information security analyst positions will grow 29% from 2024 to 2034, with about 16,000 new openings each year. This growth rate is much higher than other jobs. The rise in cyberattacks means we need more professionals who can create innovative security solutions.

    The last five years saw 52% of UK businesses face at least one cyber-attack, which shows why protection is crucial. The UK cyber sector now has 143,000 people working in it. The biggest problem is diversity – women make up just 17% of the cybersecurity workforce, while they represent 30% of the broader digital sector. UK cybersecurity analysts earn £45,000 yearly on average, and experienced pros can make up to £62,500.

    AI and cloud roles expand 3.6x faster than average

    AI jobs are booming right now. Data shows AI skills are in demand 200% more than last year across UK cities. London leads the pack with 80% of the country’s AI talent needs. The UK’s technology talent pool grew by 53% in just one year, reaching almost 1.69 million skilled professionals.

    Companies are fighting hard to get the best AI talent. Meta has offered signing bonuses up to £79.42 million to attract top AI researchers. Machine learning engineers in the U.S. will earn around £138,978.02 in 2025. London’s senior positions pay between £140,000 to £300,000.

    The UK has more than 3,000 AI companies that generate over £10 billion in revenue and give jobs to more than 60,000 people in AI-related roles. AI jobs grew by 29% recently, adding 14,500 new positions.

    Healthcare informatics and telehealth see 29% growth

    Healthcare technology keeps growing faster. Health services manager jobs will increase by 29% by 2033. Healthcare organizations are looking for software developers, data analysts, systems administrators, health information technicians, clinical informatics specialists, cybersecurity specialists, and telemedicine support specialists.

    Remote work has taken over healthcare tech, with 88% of jobs now fully remote. Telehealth has made healthcare easier to access, especially in rural areas. Healthcare added 58,400 jobs by October 2023 compared to the previous month. Hospital workers’ average hourly wages went up 8.5% between February 2020 and August 2021.

    Green energy jobs projected to grow 80% by 2030

    Clean energy jobs are taking off. LCREE (Low Carbon and Renewable Energy Economy) jobs are growing five times faster than overall UK employment. By 2022, about 272,400 full-time workers had LCREE positions across the UK—27% more than in 2020.

    The Climate Change Committee thinks 135,000 to 725,000 new jobs could appear in low-carbon sectors by 2030. England might see up to 694,000 direct jobs in the low-carbon and renewable energy economy by 2030.

    Clean energy workers earn well. Wind sector jobs pay over £51,000 yearly on average, while heat and buildings roles pay around £44,000. Renewable energy jobs worldwide grew from 7.3 million in 2012 to 12.7 million in 2021. This number could reach 38 million by 2030 if investment stays strong.

    Remote Work and Freelancing Reshape Job Access

    Latest

    Workplace flexibility has become a key feature in today’s job market. Remote and hybrid arrangements have created a fundamental change in how people access employment. New data shows these changes create opportunities for workers of all backgrounds and industries.

    62% of companies now offer hybrid or remote roles

    The workplace has changed dramatically since 2020. Hybrid arrangements lead the way with 51% of remote-capable employees choosing this option. This model will dominate workplaces in 2025. Employee priorities show that 60% of remote-capable workers want hybrid arrangements instead of fully remote or office-based positions.

    Companies with flexible work policies see big benefits. They report 33% lower employee turnover and better access to talent pools. The trend hasn’t reached everywhere yet. The Department for Work and Pensions’ Find a Job portal shows only 3.8% of job listings include hybrid or remote options.

    Gen Z and Millennials drive freelancing surge

    Young professionals now reject traditional jobs and choose independent work. The numbers tell an interesting story – 52% of Gen Z workers have tried freelancing, while 44% of Millennials, 30% of Gen X, and 26% of Boomers have done the same. Fiverr’s research backs this up. They found about 70% of Generation Z either freelance now or plan to start.

    Freelancing grows faster than ever—64 million Americans (38% of the U.S. workforce) did freelance work last year. They added nearly GBP 1.03 trillion to the economy. The freelance platform market should reach GBP 11.25 billion by 2029. That’s a yearly growth rate of about 17%.

    Top remote-friendly roles in 2025

    Technical jobs rule the remote work scene in 2025. Software developers, data scientists, and cybersecurity analysts are the most wanted remote workers. They earn well too. Software developers make between GBP 63,532 and GBP 119,124 yearly in remote jobs. Data scientists earn GBP 71,474 to GBP 127,065.

    Other popular remote jobs include:

    • Cloud engineers (GBP 75,445–127,065)
    • Machine learning engineers (GBP 79,416–135,007)
    • UI/UX designers (GBP 55,591–87,357)
    • DevOps engineers (GBP 71,474–119,124)

    Gig platforms evolve with AI-powered matching

    AI reshapes how freelancers find work. Platforms like Upwork and Fiverr use smart algorithms to match freelancer skills with client needs. These systems learn and improve their recommendations using natural language processing and machine learning.

    Both sides benefit from this technology. Clients get lists of qualified candidates, and freelancers find jobs that match their skills. AI also changes the type of gig work available. Freelancers now take on complex tasks that need human creativity and expertise.

    The relationship between AI and the gig economy remains tricky. Some workers become more efficient with technology. Others lose traditional income sources or face lower prices due to automation. This shows how the benefits aren’t spread equally in this changing digital world.

    Employers Prioritize Skills Over Degrees

    Latest

    The latest jobs news shows employers now just need practical capabilities more than academic qualifications. This revolutionary change puts more weight on what candidates can do rather than their educational background.

    Cloud, AI, and data analytics top technical skills

    Technical expertise in high-demand areas brings substantial market rewards. AI skills alone attract a 23% wage premium, which exceeds the 13% premium for a master’s degree. Science and technology roles that need AI expertise pay about three times more than positions requiring only degree qualifications.

    The market just needs specialized skills faster than ever before. AI and machine learning specialist positions could grow by 40%, adding 1 million new jobs by 2027. Data science has become the life-blood of our tech-driven economy, and most technical roles now need analytics capabilities.

    Cloud computing expertise proves essential as organizations move to cloud-based infrastructures. Knowledge of platforms like AWS, Google Cloud, and Microsoft Azure, among skills in technologies like Kubernetes, sets the industry standard.

    Soft skills like emotional intelligence drive team success

    The latest jobs news reveals that people skills matter as much as technical expertise. The World Economic Forum lists soft skills in the top five positions for core organizational skills in 2025, ranking higher than technical competencies including AI.

    Companies will seek soft skills twice as much as digital skills by 2026. Most performance problems in technology roles come from people challenges rather than technical shortcomings. This proves how crucial these human capabilities are.

    Knowing how to understand and manage emotions has become essential to build trust and resolve conflicts within teams. Companies now prefer candidates with strong soft skills about 67% of the time, even if technical training might be needed later.

    Certifications now required in HR and tech roles

    Professional certifications have gained momentum in every industry. About 88% of technology companies use skills-based hiring, and 89% of tech managers feel satisfied with these recruitment choices.

    Tech managers now favor certified candidates for senior positions 86% of the time. This preference pays off—certified tech workers earn approximately £1,588.32 more annually than their non-certified peers.

    Skills validation grows stronger as 70% of UK consumers believe tech company certifications will match traditional degrees within five years. AI-related jobs already show this change, with degree requirements dropping from 36% in 2018 to 31% in 2023.

    NewsArena.tech Delivers Real-Time Job Intelligence

    Latest

    NewsArena.tech distinguishes itself from regular job boards with its innovative platform that delivers practical job intelligence. The platform combines innovative technology with verified employment data to give job seekers an unmatched search experience.

    Live job listings updated hourly from verified sources

    NewsArena.tech’s unique job scraper technology updates its database every hour to show only current opportunities. The up-to-the-minute data analysis system pulls information directly from employer career pages and applicant tracking systems. A specialized team checks each listing before publication and removes spam and clickbait. This verification process builds a database of trustworthy opportunities that changes how job seekers find new positions.

    AI-powered job matching and personalized alerts

    Smart AI algorithms analyze users’ skills, experience, and priorities to generate customized job recommendations. These matching systems learn from user behavior and improve suggestion quality over time. Users get notifications about suitable openings that line up with their role, location, and industry priorities. This customized approach saves time that would otherwise be spent looking through irrelevant postings.

    Resume tools and interview prep resources

    NewsArena.tech provides detailed application support through ATS-optimized resume templates that emphasize relevant keywords and accomplishments. Job seekers can use AI interview tools and video interview preparation tools with AI-powered feedback on response quality, pacing, and word choice. These tools let candidates practice mock interviews without pressure before meeting actual hiring managers.

    Career analytics dashboard tracks market trends

    The platform’s analytics dashboard shows detailed employment data that helps users spot market trends. Job Market Insights tools display combined information about employment projections and growth areas for the next decade. Quarterly reports highlight salary standards, job openings, and skill requirements in industries of all sizes. This evidence-based approach helps professionals make career decisions based on current industry data.

    Local vs Global: How Location Impacts Job Flexibility

    Latest

    Location plays a key role in shaping how companies approach workplace flexibility. Recent jobs data shows different regions have unique priorities for remote and hybrid work setups. These changes affect local economies across the country.

    Toronto and Calgary lead in hybrid job listings

    Toronto stands out among Canadian cities when it comes to hybrid work. Job seekers show a clear preference here, with 31.7% of applications going to positions that mix office and remote work. Big players like TD Bank and the Royal Bank of Canada have embraced hybrid models. Montreal isn’t far behind, with 31.1% of applications targeting hybrid roles. Quebec City, Oshawa, and Hamilton complete the top five cities where this work model thrives.

    Senior roles offer more remote options than entry-level

    Job level makes a big difference in remote work options. Mid-to-senior positions lead the way with 6.1% remote work availability. This is a big deal as it means that the average across all levels. Entry-level jobs and internships offer fewer choices, with only about 1% remote positions. The numbers suggest experienced professionals get more flexibility in where they work.

    Remote work expands access beyond urban centers

    Remote jobs have altered the map of economic activity from city centers to suburban areas. Workers now spend two more days working from home each week compared to pre-pandemic times. Yet the digital work revolution hasn’t bridged the urban-rural gap as experts predicted. Remote jobs still cluster in city regions worldwide, while rural areas continue to lag.

    Conclusion

    Today’s job market has reached a turning point with remarkable growth in multiple sectors. Tech giants lead this change as cybersecurity positions have increased by 37%, while AI roles grow 3.6 times faster than average. Healthcare informatics maintains its 29% growth trajectory, and green energy jobs show promising growth with an 80% expansion projected by 2030.

    The workplace has changed forever with 62% of companies offering hybrid or remote positions. Gen Z and Millennials fuel a freelancing boom that reshapes traditional employment models. Companies now value practical skills more than academic credentials, especially cloud computing, AI, data analytics, and emotional intelligence.

    Location’s impact on job flexibility becomes clear when comparing cities like Toronto and Calgary to rural areas. Experienced professionals enjoy more remote options, while entry-level positions typically require office presence.

    NewsArena.tech helps job seekers tap into these opportunities through hourly-updated listings, AI-powered matching, and detailed market analytics. Job seekers can find better opportunities with this immediate intelligence at their fingertips.

    Economic changes continue to shape careers, and this trend shows no signs of slowing down. While equal access to opportunities remains challenging, diverse work arrangements and hiring practices create a more inclusive job market. People who understand and adapt to these trends will thrive in this ever-changing environment.

    FAQs

    1. What are the fastest-growing job sectors according to the latest news? 

    The fastest-growing job sectors include cybersecurity (37% increase), AI and cloud roles (expanding 3.6 times faster than average), healthcare informatics (29% growth), and green energy jobs (projected 80% growth by 2030).

    2. How prevalent is remote work in today’s job market? 

    Remote work has become increasingly common, with 62% of companies now offering hybrid or remote roles. Additionally, 51% of remote-capable employees currently work in hybrid arrangements, making it the dominant workplace model in 2025.

    3. What skills are employers prioritizing in job candidates? 

    Employers are prioritizing practical skills over academic qualifications. Top technical skills include cloud computing, AI, and data analytics. Soft skills like emotional intelligence are also highly valued, with 67% of employers preferring candidates with strong interpersonal abilities.

    4. How is AI impacting the job market and hiring processes? 

    AI is revolutionizing the job market by creating new roles, such as AI Prompt Engineers and Machine Learning Engineers. It’s also transforming hiring processes through AI-powered job matching on platforms like NewsArena.tech, which provides personalized job recommendations and real-time market analytics.

    5. Are there differences in job flexibility based on location and seniority? 

    Yes, job flexibility varies by location and seniority. Cities like Toronto and Calgary lead in hybrid job listings, while rural areas generally offer fewer remote options. Senior-level positions tend to have more remote work opportunities (6.1%) compared to entry-level roles and internships (around 1%).

  • What Is Vangelis Net Worth? A Complete Breakdown

    What Is Vangelis Net Worth? A Complete Breakdown

    What is Vangelis’ Net Worth?

    Reliable financial analysis estimates Vangelis Papathanassiou’s net worth at £15.88 million. This wealth comes from his decades-long career as a music composer, his film scores, and smart investments.

    Vangelis reached his financial peak during the 1980s and 1990s. His iconic soundtracks for “Chariots of Fire” and “Blade Runner” earned him roughly £0.79 million per film score. His unique talent of blending electronic and classical music made him a highly sought-after composer in the industry.

    His solo albums brought substantial income too. “Direct” (1988) and “1492: Conquest of Paradise” (1992) were both critical and commercial hits, especially in Europe. These projects added about £7.94 million to his wealth.

    The composer built a diverse financial portfolio. His technology stock investments, mostly in music industry companies, yielded £2.38 million. He also owned valuable properties in Greece and France, including homes in Vouliagmeni and Paris’s prestigious Trocadero district.

    Different sources give varying estimates of Vangelis’s wealth. Some reports suggest his fortune reached €245 million, while other estimates range from £1.99 million to £194.57 million. These differences likely come from various calculation methods and limited access to financial records.

    His wealth showed steady growth over the years. Starting with modest earnings of £79,416 in the 1970s, his net worth jumped to £3.97 million after “Chariots of Fire” in 1981. “Blade Runner” pushed it to £5.56 million in 1982. The 1990s saw further growth to £11.91 million, before stabilizing around £14.29 million in the 2000s.

    Vangelis managed to keep his financial standing through ongoing projects and licensing deals until his death in 2022, with a final net worth of £15.88 million. He preferred investing in tangible assets over banking his money, choosing artwork based on personal taste rather than value. He showed his love for Greece by never charging for any music projects in his homeland.

    Who Are the Different Vangelis Figures?

    Several notable figures share the name “Vangelis” in different professional fields. Their wealth comes from diverse career paths, with net worth figures that reflect their unique industries and accomplishments.

    Vangelis Papathanassiou (Composer)

    Evangelos Odysseas Papathanassiou, known professionally as Vangelis, was a Greek composer who entered this world on March 29, 1943, in Agria, Thessaly, Greece. His 49-year-old career produced more than 40 albums. We remember him for his electronic, jazz, progressive, and orchestral works. His talent earned him an Academy Award for the “Chariots of Fire” score. He also created iconic soundtracks for “Blade Runner” and “1492: Conquest of Paradise”.

    The 1960s saw Vangelis perform with popular bands like The Forminx and Aphrodite’s Child. He stayed away from the spotlight and devoted himself to creating art rather than chasing fame. This self-taught musical genius showed his piano skills early in life. Sadly, COVID-19 complications took his life on May 17, 2022, in Paris.

    Vangelis Marinakis (Businessman)

    Evangelos “Vangelis” Marinakis, born July 30, 1967, built his empire as a Greek shipping magnate, media owner, and football club investor. His father’s legacy as shipowner and politician Miltiadis Marinakis led him to launch Capital Maritime & Trading Corp in 2005. His business grew rapidly, now boasting 151 ships with about 12.5 million tons deadweight.

    Marinakis’s sports ventures include buying Olympiacos in 2010 and Nottingham Forest in 2017. His ownership saw Olympiacos make history by winning the UEFA Europa Conference League in 2024 – a first for any Greek club. He runs Greece’s largest media group, Alter Ego Media, which owns Mega TV channel and historic publications TO VIMA and TA NEA. Piraeus citizens elected him as their municipal councilor in 2014.

    Vangelis Pavlidis (Footballer)

    Evángelos “Vangelis” Pavlidis was born November 21, 1998, in Thessaloniki, Greece. This talented center forward now plays for Portuguese club Benfica and represents Greece nationally. His journey began with VfL Bochum in 2016. Success followed at Willem II and AZ Alkmaar, where he topped the Eredivisie scoring charts in 2024. Benfica signed him for €18 million in July 2024, adding potential bonuses and a sell-on clause.

    This 1.86-meter-tall striker wears number 14 at Benfica and can score with both feet. His name entered the record books when he scored the fastest goal ever in O Clássico against Porto. He became the first Benfica player to score three times at Estádio do Dragão. Pavlidis now holds Benfica’s Champions League scoring record, surpassing João Mário.

    How Did Vangelis Papathanassiou Build His Wealth?

    Breakdown

    Vangelis Papathanassiou built his fortune through a prolific music career that spanned nearly six decades. His wealth started growing in the 1960s with his early bands The Forminx and Aphrodite’s Child. The band’s song “Rain and Tears” became an instant hit in May 1968. Record sales throughout Europe reached millions, which established his first major income stream.

    His financial portfolio grew stronger with a successful solo career. The album “Earth” (1973) marked his artistic progress. His soundtrack work for French wildlife documentaries like “L’Apocalypse Des Animaux” (1973) and “La Fête Sauvage” (1976) achieved chart success and outperformed the films. These early ventures into soundtracks pointed to his most profitable career path.

    Vangelis achieved his financial breakthrough in the 1980s. His “Chariots of Fire” score (1981) earned an Academy Award and generated remarkable revenue. The soundtrack album dominated the Billboard 200 for four weeks and sold one million copies in the United States alone. The film’s iconic theme reached number one on the U.S. Billboard Hot 100 chart, bringing substantial royalties.

    Through collaboration with Ridley Scott on “Blade Runner” (1982), he became a sought-after composer. The soundtrack faced delays but became recognized as one of the greatest film scores ever created.

    His success continued with “1492: Conquest of Paradise” (1992). The soundtrack topped European charts and sold millions. It became his highest-selling album with approximately 2,910,000 copies sold worldwide.

    Vangelis’s career included over 20 albums and more than 10 film scores. “Chariots of Fire” sold 1,886,546 copies globally. His compilation albums “Themes” (1989) and “Portraits (So Long Ago, So Clear)” (1996) reached sales of 545,000 and 1,000,000 copies. He created four successful albums with Yes vocalist Jon Anderson between 1980 and 1991.

    His income grew through compositions for prestigious events. He created music for NASA’s Mars Odyssey mission, the 2000 Summer Olympics, and the 2002 FIFA World Cup. These high-profile projects commanded premium fees and contributed to his £15.88 million net worth at his death in 2022.

    Vangelis Net Worth Over the Years

    Vangelis Papathanassiou’s wealth showed significant ups and downs throughout his career. Records show his financial status grew from humble beginnings to remarkable prosperity through smart investments and creative work.

    The composer’s financial trip started modestly in the 1970s with earnings of £79,416. His big break came with “Chariots of Fire” in 1981 that pushed his net worth to about £3.97 million. The success of “Blade Runner” in 1982 increased his fortune to £5.56 million. His solo albums and investments in the 1990s helped grow his wealth to £11.91 million.

    Vangelis chose to invest in physical assets instead of banking his money. He bought real estate in Vouliagmeni and Paris, with prime properties near Trocadero. His investments included luxury cars and an art collection that he picked based on personal taste rather than market value.

    Vangelis net worth 2020

    Vangelis managed to keep an estimated fortune of £15.88 million by 2020. His yearly income reached £15.88 million, which meant monthly earnings of £1.59 million and weekly income of £397,080. These numbers reflected his decades of success in music and smart investment choices.

    His earnings in 2020 got a boost from licensing deals for his famous compositions. The “Chariots of Fire” theme stayed popular worldwide for sports events and commercials.

    Vangelis net worth 2022

    When Vangelis died in 2022, his net worth stood at £15.88 million. Financial reports disagreed about his actual wealth. Some publications stated his fortune reached €245 million, suggesting he might have been one of the world’s richest musicians.

    Different estimates ranged from £5 million to £245 million. This wide gap shows how hard it can be to measure private wealth accurately. The difference might come from various ways of valuing his extensive property holdings and art collection.

    His last major payment came from scoring Oliver Stone’s “Alexander,” which brought him €20 million. This was proof of how much people valued his unique musical talent even in his later years.

    Vangelis Marinakis Net Worth and Business Ventures

    Evangelos “Vangelis” Marinakis ranks among Greece’s wealthiest businessmen. Forbes recognizes him as a shipping magnate, media mogul, and sports investor. He took over his family’s business after his father Miltiadis Marinakis passed away in 1999.

    Shipping empire and Olympiacos FC

    The core of Marinakis’s fortune comes from shipping operations. He founded Capital Maritime & Trading Corp and serves as its chairman. His company now controls a fleet of over 146 vessels that includes tankers, container ships, and LNG carriers. Capital Maritime Group made a bold move into the LNG sector in 2022. The company ordered ten ships worth £1.8 billion. Lloyd’s List has featured him in their “One Hundred Most Influential People in the Shipping Industry” since 2010. He now ranks 16th in 2024.

    Marinakis ventured into sports ownership by buying Greek football club Olympiacos in 2010. His leadership brought the team unprecedented success. Olympiacos won seven straight Greek League titles from 2010-2017 and added two more from 2020-2022. The club achieved its greatest triumph in 2024 by winning the UEFA Europa Conference League. This made them the first Greek club to bring home a European trophy. He expanded his sports portfolio in 2017 by acquiring English club Nottingham Forest for £50 million. The team made a spectacular return to the Premier League in 2022 after 23 years away.

    Media and political influence

    Marinakis’s business empire extends beyond shipping and sports. His company Alter Ego Media bought major Greek media outlets including TO VIMA and TA NEA newspapers along with the in.gr news platform. Alter Ego Media listed on the Athens Stock Exchange in January 2025. The company raised €57 million as demand exceeded the offering by 11.9 times. This success made it Greece’s largest media group.

    His political career started in 2014 as a Piraeus city councilor. Voters showed strong support with record-breaking numbers – 14,010 votes in 2014 and 15,816 in 2019. His business interests shape his political stance, which became clear when he opposed the privatization of Piraeus port.

    Why Is There So Much Interest in Vangelis’ Net Worth?

    People’s fascination with Vangelis’ net worth comes from his remarkable musical legacy and how he shaped culture. The Greek composer won an Academy Award for “Chariots of Fire” which dominated the Billboard 200 for four weeks and sold one million copies in the United States. His “Chariots of Fire” theme also claimed the top spot on the U.S. Billboard Hot 100 chart, which proved his commercial success.

    The public’s interest grew stronger when wealth estimates showed huge differences. Reports from different sources put his worth anywhere between £5 million and £245 million, which led to widespread speculation about his true financial standing.

    Vangelis managed to keep his distance from the music industry throughout his career. “I’ve never felt comfortable to be part of the music ‘business’”, he once said. This mysterious approach only made people more curious about his finances.

    His influence reached far beyond movie soundtracks. NASA chose his composition “Mythodea” as the official music for their Mars Odyssey mission, which showed his impact outside entertainment. His musical contributions to the 2000 and 2004 Olympics further expanded his cultural reach.

    Vangelis’s massive cultural influence stood in sharp contrast to his dislike of celebrity status. This created an intriguing story that keeps people interested in his financial affairs, even after his death in 2022.

    FAQs

    1. What was Vangelis’ net worth at the time of his death? 

    Vangelis’ net worth was estimated to be around £15.88 million at the time of his death in 2022. However, some sources have reported conflicting figures ranging from £5 million to £245 million.

    2. What are some of Vangelis’ most famous compositions? 

    Vangelis is best known for his Academy Award-winning score for “Chariots of Fire” and his iconic soundtrack for “Blade Runner.” He also composed music for films like “1492: Conquest of Paradise” and “Alexander,” as well as for events such as the Olympics.

    3. How did Vangelis build his wealth? 

    Vangelis accumulated his wealth primarily through his successful music career, which spanned nearly six decades. He earned substantial income from film scores, solo albums, and licensing deals for his compositions. He also made strategic investments in technology stocks and real estate.

    4. What was Vangelis’ musical background? 

    Vangelis was a self-taught musician who became a piano prodigy early in life. He started his career with bands like The Forminx and Aphrodite’s Child in the 1960s before embarking on a successful solo career as a composer and electronic music pioneer.

    5. How has Vangelis influenced modern music? 

    Vangelis was a pioneer in electronic music and synthesizer use. His unique ability to blend electronic and classical music influenced many artists and composers. His innovative techniques, such as live looping, have had a lasting impact on music production and composition methods used today.

  • AI & Web3 News: GPT-5 Turbulence and the Evidence-Lock Prompt

    AI & Web3 News: GPT-5 Turbulence and the Evidence-Lock Prompt

    The tech landscape is shifting fast—AI breakthroughs and Web3 milestones are reshaping how we work, build, and invest. This week’s updates spotlight GPT-5’s rocky launch, reinforcement learning in production, ETH’s rally, and a simple but powerful technique for reducing AI hallucinations.

    AI News

    GPT-5 Launch: Early Turbulence
    OpenAI has released GPT-5, touting deeper reasoning and smarter task routing. But early adopters report glitches, inconsistent quality, and higher costs. While enterprises are upgrading for coding and research, casual users remain divided.

    Microsoft Wires GPT-5 into Copilot
    Microsoft has integrated GPT-5 across its full Copilot stack—Microsoft 365, GitHub Copilot, and Azure AI Foundry. The update introduces “Smart Mode,” which auto-routes tasks with larger context windows, focusing on workflow grounding over casual chat.

    Reinforcement Learning Enhances Ad Copy
    Meta reports that reinforcement learning applied to ad text generation improved outcomes compared to supervised models. This shift signals RL and bandit optimization moving from research into large-scale production.

    Brains and LLMs: Semantic Overlap
    A study in Nature Machine Intelligence reveals that human brain activity during language tasks aligns with LLM embeddings, suggesting these models capture human-like semantics—a breakthrough for neuro-aligned AI interfaces.

    DeepMind’s Genie 3: Playable Worlds from Pixels
    Genie 3 can now transform video frames into interactive environments, enabling multitask reinforcement learning and sim-to-real testing without manually built levels.

    Google’s BigSleep Framework Tested
    Security researchers discovered multiple vulnerabilities in Google’s BigSleep AI isolation framework, proving that adversarial testing will continue to expose weaknesses in safety layers.

    Web3 News

    Liquid Staking Hits Record TVL
    The sector has topped $86B, with Lido dominating nearly half the market. Regulatory clarity from the SEC is encouraging institutional participation.

    ETH Approaches All-Time High
    Rising on-chain activity and ETF inflows are pushing ETH closer to its previous peak, fueling momentum in staking and Layer-2 adoption.

    Google Clarifies Self-Custody Wallet Policy
    After community backlash, Google confirmed non-custodial wallets are not subject to compliance restrictions—providing relief to developers and distributors.

    On-Chain Metrics: Broad Market Upswing
    Glassnode reports structural improvements across major assets but warns that liquidity shifts near highs could introduce volatility.

    The Evidence-Lock Prompt: A Simple Fix for AI Hallucinations

    One of the biggest challenges with AI systems is hallucination—when a model confidently generates information that isn’t true. That may be fun in art, but it’s risky in business reports, compliance, or executive updates.

    At Tesseract Academy, we’ve been testing practical methods to reduce hallucinations. One of the most effective is what we call the Evidence-Lock Prompt (ELP).

    What is the ELP?

    The ELP is a structured prompt that forces the AI to only use predefined evidence. If data is missing, the model must reply with “Not in evidence.” No guessing.

    This makes outputs:

    • Focused → No wandering into outside knowledge
    • Trustworthy → Every claim can be traced to data
    • Practical → Perfect for reports, audits, and compliance

    Plug-and-Play Template

    Use only the facts inside the EVIDENCE box.  
    If any required info is missing, write “Not in evidence.”  
    Do not guess. Write the final answer only.  
    
    EVIDENCE:  
    [Fact 1]  
    [Fact 2]  
    
    TASK: [What to produce, who it’s for, length limit, tone]  
    FORMAT: [Bullets/JSON/Table/etc.]  
    

    Example:
    EVIDENCE:

    • Q3 MRR £412k
    • Churn 2.1%
    • Top driver: onboarding emails

    TASK: Draft a 120-word executive update with one next action.
    FORMAT: 3 bullets + 1 action

    ➡️ The output stays grounded in evidence and suggests a concrete next step.

    Next Steps

    At Tesseract Academy, we specialize in helping professionals and teams harness AI effectively. If you’d like more ready-to-use prompts, frameworks, and practical AI training:

    👉 Explore our resources here
    💬 And if you’d like bite-sized AI tips & templates, join our WhatsApp group: Join here

  • Event recording: Understand the Potential of AI for your Business

    Event recording: Understand the Potential of AI for your Business

    This is the event recording of the Tesseract Academy’s event held on the 16th of October 2024.

    This event was designed specifically for C-level executives from companies of all sizes, offering valuable insights into how AI can drive growth, efficiency, and innovation within their organizations.

    If yo are interested in the AI framework mentioned in the presentation, make sure to go here to access it.

    About the speakers

    Ferrie van Echelt

    Ferrie has over 20 years of experience in developing and working with innovative corporate and tech ventures in various domains.

    As a passionate impact entrepreneur he helps startups and scaleups with hands-on expertise in product development, partnerships, talent scouting and funding.

    More recently, Ferrie’s interest has focused more on how AI can be securely, ethically and effectively adopted and leveraged to grow impact businesses. For example in achieving food security and regenerative agriculture and protecting critical infrastructure and sensitive government and business assets (e.g. also when adopting LLMs Custom GPTs).

    Dr Stylianos Kampakis

    Dr Stylianos (Stelios) Kampakis is a data scientist and tokenomics expert with more than 10 years of experience.

    He has worked with companies of all sizes: from startups to organisations like the US NavyVodafone and British Land. His work expands multiple sectors including fintech, sports analytics, health-tech, general AI, medical statistics, predictive maintenance and others.

    He has worked with many different types of technologies, from statistical models, to deep learning, to large language models. He has 2 patents pending to his name, and has published 3 books on data science, AI and data strategy.

  • 5 Ways in Which Digitization of Operations Can Help Schools

    5 Ways in Which Digitization of Operations Can Help Schools

    Since their inception, schools are thought to be easily manageable and less complicated businesses. With a streamline of fees and dues from the students, investments from the trustees and little to almost no hassle of administration, schools have been running their operations smoothly (apparently) since the last many decades. 

    However, this is far from true; in reality school management is getting equally complicated owing to the mounting population and changing demands of the education system. 

    Gone are the days when schools offered simple, pre planned curriculum, with no possibility of customization. Today, with changing global trends of economy and unemployment patterns, the educational paradigm has also made drastic shifts. 

    With a plethora of new fields to discover and study, schools are now burdened with the responsibility of providing top notch education to students with different interests, income classes and genders..

    Problems Faced by Schools Globally

    Following are some of the problems faced by schools across the globe, especially third world countries: 

    1. Insufficient Budget Allocation 

    As per statistics, every year the allocation of monetary resources by different governments to the educational sector remains low. The reason is that other budget heads such as health, infrastructure, nutrition and housing are given much more importance than education in many countries around the world. 

    This is not just disappointing, but also alarming as the population is increasing exponentially, but the number of schools and educational centers is increasing only arithmetically in majority countries. 

    Only 6-8%of the total federal budget is allocated to schools worldwide. This is why most state schools remain devoid of basic facilities such as electricity, stationary supplies, sufficient seating arrangements and even competent teachers.

    2. Inadequate/Unqualified Teachers and Instructors 

    As the population is on the surge, so is the need for qualified teachers. Sadly, in majority state schools, this is not the case. Teachers are mostly paid insufficiently and unfavorable circumstances in underprivileged areas. For this reason, mostly unqualified teachers have to be employed to cope with the need of instructors in state schools.

    3. Asset Misuse/Theft and Losses 

    As per stats of 2024, nearly 3.2% of all assets of state schools are annually lost, mainly due to mistreatment, theft or poor storage conditions. 

    Assets such as library books, journals, classroom furniture, computers and even buildings are not safe from public mistreatment. It is reported that students and teachers are irresponsible when taking care of school belongings leading to global wastage of state school assets. 

    4. Little Importance in Rural Areas

     Even today when globalization and technology are taking their toll, strata in rural areas and worldwide slums do not consider education primary necessities for their families. 

    They report that fulfilling basic necessities are their foremost priorities, and education does not stand a chance for income classes below the poverty line. This is why school supplies and assets are wasted in rural areas and ultimately the state does not invest much in education for villages.

    Ways Digitization Can Help

    Though it is a lengthy process, integrating IT and digitalization in educational systems can add great value to schools worldwide. Some ways in which it can be fruitful for educational centers are:

    1. Online Education 

    Perhaps the greatest revolution digitalization can offer is shifting bookish knowledge onto the screens worldwide. Today when mobile phones are prevalent even in rural areas and villages of almost all third world countries, online lectures and registering in classes can enable students to participate in active classrooms, where actual school buildings are not available or ready for accommodating them. 

    Similarly, older students can access abundant books, journals, research papers and notes through digital channels. Schools would be free of utility and energy costs, as well as repair and rental costs of buildings, if online education is made mandatory in rural areas of developing countries.

    2. Check and Balance of Assets 

    As mentioned earlier, fixed assets at schools are at greater risks of misuse, theft and redundancy. This is because as per stats, more than 52% of all schools globally do not have proper check and balance of assets they possess.

     This is why schools need to outsource services to safeguard their assets, or use software such as fixed asset management software, which keeps a check of all fixed assets being used by school management, teachers and pupils alike. It keeps an eye on all asset related activities and ensures minimum damage to school properties. For example, if a school needs to replace a school bathroom partition, fixed asset management software can help track its purchase, maintenance, and eventual replacement. The purchase, depreciation, usage, and disposal of fixed assets can be easily tracked using such software as a service. 

    3. Improved Communication 

    Through digitization of operations within schools, instead of asking parents and teachers for one to one opinions, many schools have now incorporated online feedback systems through which both can interact within webinars and video conferencing.

     This saves time and traveling costs of working parents who might find it tedious to check their child’s progress regularly due to time constraints. Such feedback also engages students and they can easily report cases of bullying, favoritism and unpleasant incidents occurring within school premises, securing their confidentiality and ensuring they feel safe within their schools.

    4. Admissions and Time Table

    Through AI integration and automatic generation of merit lists, admission tests can be easily conducted online, and students securing high marks can be chosen for admission into schools all with digital procedure. 

    Similarly, time tables coherent with schedules of teachers and students can be effectively generated through digital tools and software by data analysis of free slots. These are generated through digital interactive schedulers used by many schools today.

    5. Global Reach

    In this era of globalization and advancement, schools can only succeed if they impart international knowledge to their students. Owing to a diverse curriculum, exposure to different literatures and journals is the need of the hour. 

    With advanced online libraries, schools can easily provide digital platforms to students so that they can access both national and universal educational material.

    Conclusion 

    To end, it can be easily seen that schools should focus on incorporating digitalization in their businesses as soon as possible. It might seem costly and resistance by stakeholders might be initially a problem, but the long term results are surely promising. 

    Schools which have already done so have seen outstanding results, in both cost saving and academic performances of their students. In today’s world, inflation is a worldwide problem and schools are one of the many industries being affected. 

    Therefore, to promote economical and standardized education within masses, digital operations within schools are now necessary.

  • Event recording: From 0 to 1: Building a Data Science/Machine Learning/AI capability

    Event recording: From 0 to 1: Building a Data Science/Machine Learning/AI capability

    This is a recording of the event that took place in April 2024.

    Are you building out or looking to build out a data science (DS) /machine learning (ML) or artificial intelligence (AI) capability?

    If so, then this presentation will help you lay the foundation to get your initiative out successfully.

    Building DS/ML/AI capabilities are important for companies to differentiate themselves in today’s competitive landscape. But, often early initiatives lead to failure because of mismatched expectations between what’s promised and what’s delivered. In this session we’ll cover common failures and how to avoid them/identify them early to mitigate them, as well as an overview of the expectation setting, skill sets, tooling, and infrastructure that’s commonly required to enable you to get from 0 to 1 successfully.

    About the speaker: Stefan Krawczyk

    A hands-on leader and Silicon Valley veteran, Stefan has spent over 15 years working across many parts of the stack. For the last decade, he’s focused primarily on data and machine learning related systems and their connection to building product applications. He has built many 0 to 1 and 1 to 3 versions of these systems at places like Stanford, Honda Research, LinkedIn, Nextdoor, Idibon, and Stitch Fix.

    A regular conference speaker, Stefan has guest lectured at Stanford’s Machine Learning Systems Design course and is an author of a popular open source framework called Hamilton.

    Stefan is currently CEO and co-founder of DAGWorks.

  • Live Book Presentation: Predicting The Unknown

    Live Book Presentation: Predicting The Unknown


    As many may be aware, our CEO, Dr. Kampakis, is the author of three influential books on AI and data science. Two of these were published with APress, a renowned branch of the global scientific publishing giant, Springer. The first one is called “The Decision Maker’s Handbook to Data Science”, and the second one being “Predicting the Unknown – The History and Future of Data Science and AI”.

    Recently, Dr. Kampakis was invited to a Springer Nature event where he showcased the central ideas from two of his works published by them. He delved deep into subjects like foundational data science, the trajectory of AI’s evolution, and the anticipated future trends. Additionally, he recounted his journey as an author with Springer Nature, highlighting his collaboration with Apress and his experience with their AI-integrated processes.

    During the discussion with the audience, we delved into a range of topics, including the following.

    Organizations nowadays typically adopt a data strategy. Instead of collecting data themselves, Data Scientists are tasked with analyzing the data handed to them. There’s a growing trend of outsourcing to AI consultants, especially in specialized sectors such as finance where the quality of data is of utmost importance.

    Librarians face challenges in data analytics, as many current tools they use lean towards being manual and basic. While modern tools like Power BI can bring about improvements, it’s the foundational understanding of data science principles that truly matters. Excel might not be the go-to for such tasks, but emerging AI tools like Chat GPT, particularly when paired with Python, can elevate the data analysis process.

    Data quality stands as a crucial checkpoint for any organization. Regular checks for inconsistencies such as missing values or typographical errors are a must. Employing predictive models and interactive dashboards can be a game-changer, offering insights into performance metrics and flagging potential issues.

    A noticeable communication gap exists between diverse domains, be it data science, blockchain, or library management. The industry feels the absence of resources that can bridge this divide, making the flow of ideas smoother and more coherent.

    Pitching the significance of data science to the top tiers of an organization can be a challenge. It’s essential to back up claims with solid education and examples. A city like London, bursting with intellectuals and PhDs, still witnesses a gap in professionals who can seamlessly blend data science expertise with practical business knowledge.

    Open data sharing is creating waves in the scientific community. Tools like blockchain promise a quicker pace of research, opening avenues to novel ideas. However, achieving a harmonious rhythm in centralized systems remains a challenge.

    On the horizon of technological advancements, quantum coupling paired with AI analysis holds the potential to be a groundbreaking force. Lastly, for forward-thinking movements like DeSci to gain traction in the scientific world, lowering the entry barriers is vital, and AI might just be the key to unlock that door.

  • Event review: AI Ethics for Decision Makers

    Event review: AI Ethics for Decision Makers

    Event overvoew

    As AI continues to reshape our world, understanding the ethical implications is paramount. This engaging and interactive session will delve into the core principles of AI ethics, including fairness, transparency, accountability, and privacy.

    We recently organised an event with Raluca Crisan, CEO of Etiq on that very topic.

    Raluca talked about upcoming AI regulation across different territories: US, UK, EU, China and Singapore.

    United States: While the US lacks a central AI regulation, several laws like the FTC Act, Civil Rights Act, and HIPAA could apply to AI. The FTC has given AI-related guidance, notably on consumer privacy.

    United Kingdom: The UK’s white paper on AI suggests a risk-based regulatory framework for AI. Existing laws like the Data Protection Act 2018 can also be applied to AI.

    European Union: The EU is formulating the AI Act, a risk-based regulatory structure for AI, emphasizing transparency, accountability, fairness, and robustness.

    China: Regulations, such as the Interim Measures for the Management of New Generation AI Products and Services (2021), mandate AI developers to ensure system safety, security, and user privacy.

    Singapore: Regulations like the Code of Practice on Artificial Intelligence (2021) establish principles for AI’s development and usage, emphasizing transparency, accountability, and fairness.

    She also went through some of the key principles of ethical AI. These include

    • Transparency
    • Explainability
    • Fairness
    • Safety & Security
    • Data Governance
    • Robustness
    • Transparency
    guiding principles of AI ethics

    AI ethics for Leaders

    Do you want to know more about AI ethics and how your organisation can best respond to upcoming regulatory changes?

    Make sure to get in touch to get access to our AI ethics framework. In that framework we cover everything a leader needs to know in order to prepare for upcoming regulations such as:

    1. AI interpretability
    2. Fair AI
    3. Countering AI bias
  • New course! Introduction to tokenomics

    New course! Introduction to tokenomics

    Blockchain and tokenomics are two of the most prominent themes within the Tesseract Academy. We are very proud to announce one of the first courses in the world on the topic of tokenomics! The course covers multiple topics, from the different types of tokens, to how to create token economies.

    As Web3.0 grows, tokenomics will only become more and more important. That’s why anyone interested in this space, whether entrepreneur or otherwise, will require at least a basic foundation in this topic.

    You can register for the course here. Feel free to reach out to us with your feedback.

    Who is teaching:

    Hala Faissal, PhD

    The Head of the Economics Department at the Lebanese University and a senior economics lecturer with over 10 years of professional academic experience at leading Lebanese and international academic institutions, mentoring around 10K+ students from various social and cultural backgrounds. She is also a tokenomics expert, helping token projects with the design of their token issuance to maximize network usage and growth. 

    Also, a senior researcher in the field of web3, tokenomics, DeFi, NFTs, DAOs, and the metaverse. Hala joined NEAR University as a teacher in residence, introducing the concepts of blockchain economics to the audience with NEAR blockchain examples.