At the start of his own company Randal Nardone knew that it would not be easy, he knew that he could have to face the competition. Already he had the experience needed in the years that he spent in the field of finance and working with different clients in the past, with that Randal was confident that he would be able to implement positive improvements that will help the company grow. With the knowledge that he had in the filed he decided together with Wes Edens that they start Fortress Investment Group. Currently, he offers his services as the CEO of the firm, and due to his contributions, there is tremendous growth in the company and the development too. The company has been able to create a good reputation for themselves it is well known for giving their clients high-quality services, which is all possible because of the different contribution that has been seen through the help of Nardone.
Randal Nardone in his career path he has been able to demonstrate excellent skills and knowledge when it comes to the field of finance. For the years that he has been in the industry is what has contributed to the experience that he has. He got his degree at the Boston University School of law, and after the university years he went on to become the executive for the Thacher and wood firm. He was in the company after he decided that it was time for his career to take on a different path. That is that time that he entered the finance industry. At the universal bank of Sweden, he served as the managing director and at Blackrock Financial Management he was the principal. It was not long after he met with Wesly R. Edens and came up with the plan.
From the time Fortress Investment Group started running the company has changed in size and money by investing more of their time to the company and making the needed effort. Randal Nardone will ensure that the company is taken care of by always cultivating the growth so that to bring forth the required profit on each day that passes. The employees can attest to that because all they have to say about the company is that it’s incredibly efficient and they will push them so that to meet the deadline of the clients. The job environment is meant to be the best when it comes to the interns who are interested in learning about how the finance industry works.
Blockchain technology is poised to innovate applications for artificial intelligence (AI). This is applicable to the current dynamic of global enterprises. Shervin Pishevar called attention to similar impacts that stateless digital currencies have upon small business.
Both AI and decentralized digital currencies are growing. Currently, private sector AI innovation primarily occurs at just a few research and development departments. These departments are connected to powerful monopoly like organizations. Many leaders and industry experts believe AI will advance global society to a new age. As Shervin Pishevar alludes to, this reshaping of the world requires the input of more than a few people.
The AI industry has grown at seemingly lightning speed. There is consensus that AI will be one of the most, if not the most, impactful technologies for the future. However, there are problems beyond innovating the technology for practical use. One of the most pertinent issues is that of human factors. Can an AI with significant control over daily life sustain the core values of humanity? This concern escalates when one realizes how few people are involved in its innovation.
Currently, AI is dominated by Amazon’s AWS and Microsoft’s Azure. Both are well recognized and respected companies. However, neither can claim a true pioneering spirit in the AI industry. Their loyalties to stockholders and diversified business interests do not align with the development of AI in the best interest of humanity. Furthermore, Shervin Pishevar identified monopolies, of which, both Amazon and Microsoft are included.
The dangers of modern monopolies is the impact to startups. By limiting startups, true innovation suffers. Ideas become centralized and focused toward maintaining outdated corporate agendas. As this suggests, centralized AI is not only bad for human factors but also limits the development of AI. It seems to use this technology to achieve linear objectives that support the agenda of a single entity. This contrasts the concept of a thinking intelligence and restricts AI technology to something similar to conventional linear programming. The insightful comments of Shervin Pishevar should be heeded as a warning that innovation and technology need to progress together.