The following is a presentation of TFNN. The Morning Markets Kickoff with your host, Tommy O'Brien. Going in for Tommy O'Brien, he will be back with us tomorrow morning. I hope you all had a good weekend. I had a good weekend. A lot of stuff going on here. It's getting a little bit cooler in Florida. We're about like 66 this morning, but it's that kind of humid, windy cold. So not very pleasant. Let's take a look at what we're doing right now. We're at 9.06 a.m. Market opens in a little bit. We have the ES Mini kind of flat. All of our futures are flat, essentially, right? And we can talk a little bit about what happened. Obviously, everything that went on with open AI this weekend was insane. Microsoft has gone up quite a bit. They've actually brought Sam Altman on to Microsoft after he was ousted from open AI. We'll talk a little bit about that going forward. We have the Russell trading at $180640. The futures there at 0.22% in the green. And Q, 0.11. Dow futures up 0.03. We're all flat again. The gold contract, we have a little bit of a divergence going on currently. Let me get rid of this thing. We have the dollar trading about $103.61. So we're still moving lower looking for that $99 level in the dollar. But we also have gold and silver going down as well. So we'll kind of see throughout the day and throughout this week if we get any change in that. And we kind of resume the general inverse correlation that they have. But as it stands now, pre-market, we're trading down in the two big metals. Take a look at the copper contract trading at $375. Again, flat here. Now, we're seeing light sweet crude creep up a little bit. Again, we'll talk some more about that as the show goes on. You have OPEC kind of warning that with the Gaza conflict, if it persists, they'll see higher prices and the output will be cut. Some interesting news. I was speaking about it last week. But Venezuela, if they actually engage in a truly democratic election, and this is from the Western leaders essentially, that the embargo will be lifted on them. And they've made some new deals for drilling off of other countries around them, which will be huge. So if we can get that embargo lifted, it will be a little bit cheaper. Of course, we're going into winter as well. And this might increase energy prices as well. I think natural gas is pretty low today. Anyway, so. Take a look here. The Brent crude is at $82.33. Tesla trading flat again. We're at $235.45. That has been on a wild move recently. You have some issues with Elon Musk on X, formerly known as Twitter. He's been saying some things that people don't agree with. And whether you like it or not, if you hold Tesla, really his public perception and kind of what he does, does drive price sometimes, right? Now, this usually just results in kind of from what I've analyzed, like what I've noticed with the patterns, is that he says something people don't like it and it goes down a little bit. But then it comes right back up. And short sellers always get kind of screwed on Tesla, to be honest. Trading right now at $235.50. We've got a volume on this gap down here on October 19th. And it continued to head a little bit lower. And now we're moving up in the highest. It's been last week was $247.21 roughly. And again, we're trading at $235.50. Again, everything's flat. I think we're all waiting for a video. We'll take a look at them a little bit going forward. Steel Dynamics trading at $110.93. I think that's making kind of a new bottom. We'll see. But this is some pretty good run up. Obviously pretty high volume on the way down. And this is what I get concerned about is these kind of breakdowns are high volume on it. Which a lot of times sets up the idea that the stock's going lower. Right? However, we're making new highs in the stock itself. It's way above this 114. It's the highest above the 110 ceiling that it had for a few months. And we're trading at $110.93. The DXY again we're talking about that, $103.62. It's continued. It's marched down. If we can get that $99.57 area, that's what we're looking at. Obviously we'll be more off to the races as Tom would say. At least that we have been in the recent past. QQQ's trading at $386.46. Google, $136.05. Meta, sideways, $334. Disney, we're talking about them a little bit. They are actually expanding a lot of their parks. They've just opened up a frozen themed park in Hong Kong. What they've done essentially is put aside, they've allocated $60 billion over the next decade. So $6 billion a year to kind of expand their global presence and kind of develop more on the parks that they currently have. It's pretty solid. I had a friend from college and he works at the Hong Kong Disney. He's an engineer. I haven't spoken to him in a while, but a few years ago when I was speaking with him, they say people love it there and continue to go. So they have a pretty big dominance on the global kind of scale. I think once everything kind of blows away and in a lot of ways, it actually has gone down the kind of news between the Florida governor and Disney. But I think if we get rid of that, we can really kind of unleash this stock again and maybe see the 100 level some point soon. Of course, all bag holders kind of wish that had some phenomenal volume gapping up here and has just continued to climb higher on some decent volume at least on November 15th. So we'll see where we can kind of go with Disney going forward. Apple 192 and the spy trading at 451. Take a look at Microsoft quickly. So some decent volume here, a lot of volatility on it. Let's take a look the last three days. We'll have to wait to see what this looks like on the open here. All right. So what happened basically, right? There was kind of a board queue at open AI. So Microsoft has invested a lot of money in open AI. Obviously they use that technology in their Bing searches as well. This is like a big driver for them. And the details aren't exactly clear on what happened, but Sam Alton was ousted. This led to another board member leaving as well. They brought on the ex CEO of Twitch as the interim CEO, which I find interesting. And I'm not really sure the logic behind that. Obviously, I forget the CEO's name. I'll take a look in a second. He has a very common name, but he led Twitch to be the predominant streaming platform. It makes a lot of money. There's a lot of deal partnerships that go through Twitch. Streamers can end up making a pretty good living for themselves on it. And so I think as an interim CEO, used to be a CEO of a large tech company, it wasn't a bad choice. However, right now, you're getting one of the guys who had a hand, Ilya Sadvaka, with open AI. He is now tweeting that he regrets ousting Sam Altman. We'll see what happens. Sam Altman basically was brought on by Microsoft. For that, the chat GPT's makers, former president Greg Brockman, another one of the board members who left after this happened, will join the team. This is from Microsoft CEO. Obviously, this is huge for the company. The development has come less than a year after open AI kicked off. The generative AI frenzy with the launch of viral chat bot chat GPT and bagged Microsoft as an investor among other big names. The ousting of a co-founder Altman is CEO by the open AI board member on Friday. It was followed by efforts to reinstate him and make concerns that his departure could lead to a mass exodus of talent and hidden upcoming $86 billion share sale. That's a valid concern. We'll talk a little bit more about this when we get back. Everything in the universe is governed by the Fibonacci sequence. 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TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all Tigers and Tigris' for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This is Jacob Shoot. The morning market kickoff, filling in for Tommy O'Brien. He will be back tomorrow. We're talking a little bit about the open AI coup that happened this weekend. Microsoft picked up Brockman and Altman. I was talking a little bit before we came, right, that Ilya Sutskevry is the co-founder of Open AI. He now just signed a letter. This is, I guess, breaking. He just signed a letter with 500 employees saying that they're going to quit if Sam Altman doesn't return. But the thing is, is that they say that Ilya was the one who basically convinced the board. I don't know. Even with what you saw with FTX, it's kind of weird tech startups. They always have the strangest kind of politics on the back end. We saw this a lot with Sam Bankman-Fried and his girlfriend or whatever she was and their other co-worker and just a lot of strange maneuvering that, you know, you hear out of movies or like Russian military news or something. So very strange. We'll see what that kind of holds for Microsoft. I'm sure Microsoft wouldn't necessarily mind if Altman goes back. You know, they've invested 10 billion into open AI. Microsoft has said that they're still going to stick around with open AI even with the departure of Brockman and Altman. It's hard to say if they would do that if you have Suitskever and the rest of the people. It's about 70% of the workforce signed that letter just about 20 minutes ago. It's very strange. And some more news as well of CEOs quitting. This is Cruz CEO, right? Now, Cruz is a subsidiary of GM. GM does, or Cruz essentially does these kind of self-driving cars. And these are going to be the ideas that you can go ahead and call one and it'll drive you somewhere. We were looking a little bit about that, I think about a month ago when I was filling in for Tom, how they were under some kind of... I suppose there was an investigation because one of them had hit a pedestrian.  Local authorities have been very aggravated with this company because it sometimes runs red lights, it makes illegal turns, all this kind of stuff. But I think that what's important to understand, and again, it's easy to kind of make fun of these companies or dog on them a little bit because it's something we're not familiar with, right? We're not used to. Obviously, there's a lot of situations in the past with tech companies that they kind of make fools of themselves. But these are the kind of people who push society forward and push technology forward. And, you know, the future could be very interesting with autonomous kind of taxis in this sense, right? I mean, this is essentially what Cruz is going to do is have autonomous taxis.  It helps people who maybe can't afford a car so they can actually get to work and do these kind of things. So it's interesting, but he got fired recently. There's not a lot of information as to why that occurred. But it's interesting news nonetheless, and we're seeing a lot of these tech guys moving out. I know there was calls for the current CEO of X to leave as well, and she says she's not going to do that. All right, so let's talk a little bit about the Bitcoin ETF since we're on the tech news. SEC actually is delayed the Bitcoin applications again, and Bitcoin has retraced maybe one second here, trading at $36,998 for Bitcoin. Now that's a lot better than the about $15,000 it was earlier. Yeah, January 1st we're trading at $16,625. So definitely a strong move up with that. Again, a lot of people are trying to get into Bitcoin currently because of this hype, right? So they're going to make ETFs with the actual crypto peg to it. So the SEC has postponed approval for spot Bitcoin ETF from GlobalX and Franklin Templeton, as well as an application from Hashtag earlier this week. These delays have become a recurring theme as the SEC remains cautious about approving Bitcoin ETFs due to concerns around, excuse me, surrounding market manipulation. Anticipation for the potential approval of Bitcoin ETF has long been held by market observers who believe it could result in a substantial influx of capital from Wall Street into the cryptocurrency market. Analysts from CryptoQuant suggest that such approval could prove a $1 trillion boost in Bitcoin and other digital assets. I think you're already seeing that. There's definitely sophisticated investors, institutional investors who have Bitcoin as kind of part of their portfolio. When you pull from the stock of people that a lot of these hedge funds are pulling from, right? I mean, we're talking MIT, Harvard, all these kind of schools. A lot of the stuff that they learn in there is so much about game theory, right? And that's what you have going on with Bitcoin. One of my friends who works for Dow, but I speak with him pretty often, he says it's the same concept, right? I mean, they're not providing anything of true value with the cryptocurrency that his company produces, right? A lot of it is just about how can you get in, how can we hold the floor, then how can we make money by shedding it off constantly, right? What the real transaction is when you're investing in some of these... Okay, like, again, I like Ethereum. I don't hold in the Ethereum, I do in applications of it, and I think that the CEO, the guy who's running the whole project, is intelligent and actually cares about the long-term application of not only the Ethereum blockchain, but Ethereum Coined as well. We look at like ETF now, that it's decentralized... excuse me, Bitcoin. It's decentralized in the sense that nobody is in charge of essentially how much is released, quantity-wise. Of course, there's a lot of people with the means of production regarding Bitcoin, which is really going to be, you know, these processors, the GPUs, and electricity. You know, you get like a lot of these smaller coins. I mean, those are just an example of it. There's ones called like SafeMoon. And the trade-off that really exists there, right, is you have the guys who run basically the supply pool, okay? They have access to the treasury. This is like a new thing that a lot of the cryptos are doing, is they'll have treasuries, right? Is that a floor is consistently held, okay? So nothing ever gets tanked, and nothing ever gets quote-unquote rug-pull, right? A rug-pull is when the owners of the company, they're going to have a large amount of the float, and they're just going to basically sell it off entirely. So it's... what essentially goes on is you get these kind of average people, you know, like you and I, and we want to get in, and you know, if we're, you know, hip to the whole concept, we understand that these coins don't really do anything. The blockchain that it's using is not really going to do anything. But we're waiting for enough people to maybe buy this or think the same way as we do after we get in to come in and buy and just wait for it to sell off, right? And then we sell out and move on with our lives. This is essentially what the owners of these kind of coins do. I'm talking about like the guys who run the project, but they need a... it's a little bit more complicated, right? Because they don't want to rug pull entirely and scare everyone. Of course, they want to maximize their profits as well.  This is the concept of game theory, you know, to like in the general sense. And this is kind of what I think is going on at larger hedge funds when they're investing in these kind of coins. Now, of course, Bitcoin's a little bit more stable only because it has that name power. These smaller ones that are being played with, you know, I'm sure the larger guys don't touch them, but this is kind of the nature in a general sense, right? So, it's interesting. I still think it's going to be a long way until you're going to get vast acceptance of the SEC to kind of accept these applications because it is right, you know? These things are kind of...  There's a lot of glaring issues regarding security with the Bitcoin kind of blockchain. Now, a lot of these newer forks have developed ways to protect against that, but still, at least with Bitcoin, you get just a bunch of whales who hold that nobody really knows who these guys are and they can kind of just sell whenever it makes sense for them. Folks, stay tuned, we'll be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time for the Tiger Forex Report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex Report, you also gain instant access to Teddy's 60-minute Webinar Archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex Report. For all the details and to start your 30-day Tiger Forex Report subscription today, visit the front page of TFNN.com. TFNN, educating investors. Renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. 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NQ's, again, 0.12 here. So we have a flat market right now. We have some big earnings. Chiefly, NVIDIA. We'll look at them in a second here. We also have Lowe's, John Deere, Best Buy. I'm concerned with Lowe's in particular. Home Depot had declining growth over the last quarter and they're just the absolute juggernaut in that kind of segment. They also had shaky forecast going forward. If Lowe's doesn't pull out something big, they could go down significantly here today. John Deere, Best Buy, and Zoom are also coming out. We'll take a look quickly at Zoom. Which, surprisingly, to me, has so much staying power in it, I guess. It's at 63.37. We're very low for the year, close to that 58.87. Looking kind of like, let me see, we're on year-to-date. Yeah, the high of 85.13. So they have earnings. Apparently there's some thought that they're going to do very well. Then we can take a look at the video. Okay, now, there's some issues regarding investors with NVIDIA. Okay, so we're at the high on the one year of 502.66. We are very close to that at 494. Obviously we had that sell-off in the lowest being 390 around this area. The biggest fear that investors have, and it's not going to be for this quarter, but it's going forward, is what it means, excuse me, what the ban in China means. So US chips or Western chips going into China, there's a ban on that. NVIDIA, over the past few quarters, has actually been able to skirt that in a certain way. Well, that's completely done now. So while their quarterly might be very good, or excuse me, their earnings report might be very good, I fear that the outlook going forward might not be the strongest. So that's something to take a look at regarding that going forward. Again, this has been such an amazing kind of move, and this is really what drove... This is really the company that got the full benefit of this conversation around AI, and also it helped bring AI further as well, kind of in the general talking points. I mean, again, what a phenomenal move, trading about $297.59 to a low here on the session of about $365.75 on significant volume. Quite the move, and definitely historical to kind of see that. With these kind of AIs, I'm trying to find this article for you. This is about the US, and they're trying to push forward something with AIs. If I can find it, we could speak about it a little bit. Well, here, listen. In the meantime, while I find it, I'll find it on the next break. We can talk a little bit since we were on the AI talk as well for a little bit. Here we go. Perfect, from Semaphore. This is a pretty good news outlet as well. Inside Commerce's multi-billion-dollar plan to build a domestic chip packaging industry, and this is really what's going forward. And guys, Basil Chapman's up next. He looks at chips as kind of like a... I don't want to speak for him, but as a general indicator for the rest of the market as well, which I think is super cool.  This is like really going forward. This is going to be the massive thing to focus on. And national security really will hinge on whether or not your company, not only national security, but really success as well on the global stage, is going to hinge on chip producing and innovation, essentially. If you're at the forefront of that, you're going to be a very powerful nation going forward. We're kind of bringing a lot of this back to the US, which is an interesting thing that the current administration is doing. So look at this little bit. So the Biden administration is about to kick off another key stage of its push to build up the US semiconductor industry. Early next year, the Commerce Department plans to begin fielding funding applications for research and development and advanced packaging. The process that stitches multiple chips together to make devices faster, cheaper, and more complex. The department's vision for the National Advanced Packaging Manufacturing Program, shared exclusively with some of four before its release, is taking a big step in the administration and taking, excuse me, that it's taking to implement the Chips and Science Act. The law provides three billion for research and development and advanced packaging. And as you know, American citizens, we should be really excited about that. Obviously, it's going to bring jobs to a lot of the nation, and it's going to keep us going stronger for longer. I think that's pretty neat. Packaging advanced chips in the US will both secure US supply chains or move any security risks associated with sending chips overseas to be completed. I think that advanced packaging is concentrated in Asia where Taiwan has dominated semiconductor production. And that's always blown my mind as well. Kind of the way that the supply chains work out. Even during COVID, when it kind of came to the forefront, that like, something like 90% of our pharmaceuticals are made offshore. I think a lot of them were in like Puerto Rico. That just seems to me like not a very prudent thing to engage in. And especially when we're dealing with like tech, right? We send a lot of tech obviously is made in Taiwan. We bring it over here. But we were sending stuff over to China to be built that had these kind of technology. And I always found that very interesting. Obviously, you have like different advantages, you know, regarding like economic theory, but still I think that probably national security and like integrity in US companies is a little bit more important than that. But it was to keep reading a little bit. Packaging advanced ships in the US, of course, we read through that kind of removes security risks and secures supply chains. Currently, most advanced packaging is contrary to Asia where Taiwan has dominated semiconductor production. China has also been investing in advanced packaging techniques, but one estimate highlighted by commerce. North America accounted for only 3% of global advanced packaging production as of 2021. So it's super interesting. I think what's also very cool as well as we bring this back.  But we're about to start seeing a bunch of different chips for everything, right? We have the GPU, we have the CPU that's split off about a decade ago. And now we're having the DPU. So you have all these certain chips that are going to do one function and computers will be so significantly fast, right? There's a lot of the conversation around quantum computing, which is still something that I think should be kind of pursued, but it'll be just more at a nation-state level. But this way that they're kind of delegating the chips for, you know, just a single task is increasing the amount of computation that's possible just with our, you know, general binary computers, right? I think something they were trying to, what they do to kind of test the computation is they run it against hash algorithms to see if they can solve it, right? And what's great about quantum computing, or, you know, let's start with a general computer, right? It just processes things in zeros and one. It's either on or it's off, like very basic logic, right? Quantum computing can have that, you know, in traditional computing, you have one cell that'll either be on or off, and quantum computing, it can be both, right? Like theoretically speaking, and that's how it works. And so ideally it can solve a lot of these hash algorithms much quicker. Still the technology is not there or at least the, you know, the resources aren't there in quantum computing to make that really kind of viable on a, you know, on a day-to-day basis. But it just came out that with the kind of dividing of tasks of general chips that normal computers are now able to beat quantum computers. So let's say traditional computers are now able to beat quantum computers as it is now. I find that super interesting, and it's only going to get better in the consumer market as well, which I think is great. And when that spreads out to the rest of the world, everyone becomes a little bit more equalized and people become a little bit, you know, better as a whole in nation. Folks, stay tuned, we'll be right back. All Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. 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Another massive leg down, like we saw on November 14th, would be pretty wild. Pretty good if you are along the entire market. We were talking about, I think last week, a lot of the home builders got a huge boost. I mean, it's talking like something like 8 to 12% for a lot of larger home builders. And this came on the back of, you know, pretty consistent CPI. No massive change from the period prior. And this kind of suggests that the Fed won't raise interest rates anymore. We can talk about this, though. The home builders are cutting prices by as much as 6% to offset mortgage costs. Since so many people don't want to invest, or excuse me, purchase a mortgage because rates are so high. If you're the U.S. home builders are slashing prices to offload unsold inventories of single-family homes, their latest desperate attempt to lure buyers back into the market. Here, I'll just throw a toll chart while we're talking. That is not the right one. That is, I mean, look, that's what I'm talking about right there. Massive volume gapping up. The National Association of Home Builders Housing Market Index fell by six points in November of 34. It's the lowest in almost a year. The index is down 22 points since July. Anything below 50 indicates more pessimism in the market with lower reading, signifying worsening conditions. A staggering 36% of home builders told the NAHB they cut home prices in November with an average price reduction of about 6%. Meanwhile, 6 out of 10 builders provided some type of buyer incentive, such as free upgrades, discounts, and paying for closing costs. These incentives carry an obvious financial burden for the builders who are sacrificing profit margins to boost sales. Now, this is a quote from the NAHB chair. He said, higher short-term interest rates have increased the cost of financing for home builders and land developers, adding another headwind for housing supply in a market low on resale inventory. Now, we spoke last week as well about one of the Fed heads, essentially saying that home ownership is kind of out of reach for a lot of Americans, right? So we do see some people in the Fed who are looking at this in a serious way, and the idea of kind of alleviating some restrictions for home building might be on the table as well. Obviously, the Fed can't really pass legislation like that, but it's still interesting to see some big heads talking about it, which I think is super important, right? New home sales rise. According to the latest available data from the Commerce Department, new home sales rebounded 12.3% in September to an annual rate of 759,000 units, more than offsetting August's nearly 9% drop. This would be cool to ask Tom about. I might ask him about that a little bit later. I think he should be on today. The price cuts are, quote, doing more than just grabbing buyers' attentions. They're making home ownership a reality for many who might have been left out in the cold given the current market conditions. That is very true. So yeah, if we get a pullback in mortgage rates, you know, just in rates in general, obviously we can see a major takeoff in home purchasing, right? But I think at this level, it's pretty intolerable for, you know, I'd say a decent amount of the population, which I find interesting. But yeah, we can see now that the effects of high interest rates, excuse me, that they're having the intended effect, right, which is kind of slowing purchasing, which is really what the Fed intended, right, to kind of bring down costs a little bit, which I find neat. We're talking again some more about, give me a second here, let me find this ticker. I always forget it. Okay, right, I thought so. Did I think so, though, haha. So Airbnb has purchased an AI startup. It's for under $200 million, which is still a pretty significant investment, but cool for the stock itself. Airbnb has made its first acquisition as a public company and a deal value just under $200 million. It's sort of familiar with the deal told CNBC. The startup is called Game Planner AI, Game Planner.AI, which has been in stealth mode that says whatever that means, since it's founding in 2020. Startups in quote, stealth mode operate out of the public eye for serious reasons such as to protect intellectual property or avoid distractions, okay. It's code founded by one of the founders of Siri, which is really neat. Okay, so what is the point of it, right? What it's going to do is they're going to overlay it on their current application. I find this pretty neat. And given your past history and past behavior on the application, it'll start selecting different deals for you, selects homes or whatever to stay at that it thinks you would like the most. Obviously this increases engagement and may make people a little bit more likely to book a trip that they wouldn't have prior, which is good for the economy in general, right? You get people spending. Airbnb is currently trading at $128.68. And I find that, again, pretty interesting. And I like seeing the way that now, and we say AI, right? I'm not so, there's not a lot of information on Game Planner.AI in general, but this is just kind of like pattern recognition, which has been around for quite a long time. And again, we're seeing that same, I don't want to say abuse because it's not that, but that's consistent kind of overuse and stretching the definition of AI. Yeah, naturally, I would say a computer program that can analyze data and then kind of change its behavior would be considered AI, but it's nothing like, you know, what we're really talking about, which is generative AI during the day, which I find pretty neat. We can take a look here, talk a bit about MasterCard. We only have a little bit left in the segment. So we'll just kind of read through some stuff here. MasterCard doubles down on efforts to detect and tackle crypto fraud with AI tie-up. The company told CNBC exclusively that it's partnered with Fidze, which is a regulatory technology platform that aims to combat money laundering and financial scams online using artificial intelligence. You know, and guys, let me know too, in the den, the next time I fill in, I'm not sure when that will be, but I can always just kind of have it, you know, in the holster. If you guys want me to go through, you know, kind of what, we'll start with Bitcoin, like what that was trying to solve, right, with its blockchain, and then issues that arrived with that, such as different insecurities within the blockchain that left it open to exploitation, then how other larger, you know, well-known blockchains kind of solved that. If you want to do that, we can absolutely go through that. I'm really big in security in general. I think it's cool. I have some certifications in it. And I just find that kind of like a neat pastime to kind of read through those kind of things. And I think it might be a little bit kind of enlightening too, if you're not super familiar with really what the blockchain is and what kind of issues it solves. I think that'd be pretty cool. Maybe I can throw up a video of it. I don't know. We'll see what happens. Let me know if you find that cool. You can send me an email at jacobatTFNN.com. You can message us in the den or you can put it in the YouTube as well. And take a look here. Through the partnership, FedZ will integrate directly with MasterCard Cypher Trace, our model platform, which is used to help banks monitor transactions from over 6,000 crypto exchanges for fraud, money laundering, and other suspicious activity. This is pretty big because it can kind of sit at that center point. You know, the SEC is concerned about a lot of fraud and manipulation. If this gets a little bit better and more advanced, MasterCard could be posed to kind of be, I could say like that kind of gate that a lot of things pass through. This will increase fraud detection by protecting unwary customers. It will also detect potential money laundering activity in mule accounts. An estimated 40% of scam transactions exit directly from a bank account to a crypto exchange date. And this kind of scam is massive.  It's insane. Folks, say to you we have a short segment coming up next. Gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices, get the opening call newsletter by Basil Chapman and your inbox every day. 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If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. And hit watch Tiger TV. I think there's some issues we're going to come across here. The first glaring one. Okay, let's look what happened last time, right? Christmas. They had massive snowstorms everywhere. This halted a ton of flights. And this really chewed into profit. I think currently we have a major shortage. I don't think I know. There's a major shortage of air traffic controllers. This is going to cause a lot of mayhem and I think at least canceled. Let's say, you know, kind of pause if not canceled flights. I mean, I remember going to like, I went up north a few months ago and my flight got delayed like three times for a total of like six hours. I mean, it was just miserable. And this is pretty common too. At least I know of people who like travel a lot for work or whatever, that this happens somewhat frequently. There's still a massive backlog on trying to get air traffic controllers into the company, excuse me, into the position. It takes a lot of education and it's just been causing issues. On top of this, what else is it?  So paying for labor costs has been massive for these airlines. And then what we're really going to face, which I fear something doesn't occur with the Israeli Gaza conflict, right? That doesn't end. Something doesn't resolve with it. I do think that OPEC will use that as a reason to kind of increase oil prices, right? Or, excuse me, decrease output, which will naturally increase oil prices. There's a massive pressure on a lot of the countries in that area to do something to support Gaza, right? And so a lot of the leaders at OPEC had said, well, we're going to cut oil production if something is not done and something is not resolved soon. If that somehow corresponds, excuse me, coincides, with this time we might see a lot of these airlines does not really turn a massive profit at all. Folks, thank you so much for joining me. We have Basil Chapman up next. Really recommend checking him out. Steve Rhodes did his show at 8 o'clock. So he'll be on, excuse me, we'll be doing a replay at 11. Then we have Larry and then Tom O'Brien at 3 p.m. Thank you so much.


What's everybody Jason for Jasper's case breaks calm. We just sold out This rmb for 13 teams and definitive picker team number 16 guys This is the list here from the daughters the Mets the Tigers Cubs White Sox ace Pirates Giants twins Rockies Marlins Nationals and raised you get a piece of these teams via the serial number now, of course If those teams hit the way to get distributed is matching up with your serial number We go by the first number on the left side of the dash So those are examples there remember any and all redemptions for any of these 13 teams will go to spot zero Even if we know it's a one-on-one redemption doesn't matter now There's a chance with definitive there will be some non numbered cards if there is any for any of these teams They'll be randomized to you guys at the end of the break And here you go. Here's the names Here is the customer names and the numbers. Let's click dice roll and let's do the randomizer four to five nine times one two three four and Five six seven eight four five nine SKS down to Matthew And those teams there is just for the sorting team to know which 13 teams are part of the list nine times one Two three four five six seven eight Nine nine nine eight down to seven All right, so that's kids you have eight Ryan here with five Alan with two and three Joe and nine Andy Like I said, if we have any redemptions that goes to you Terry with six Alan four at any one-on-ones will be yours and Matthew was spot So So now in a separate video guys, I'm gonna go grab the case and then a separate video will start the break guys Good luck


Rwy'n fawr, ac mae gennym rhai gweithio gweithio i'r gweithio. Rwy'n fawr, oeddwn i'r meddwl gyda'r cymryd, rydym yn hynny o'r adeiladau. Wrth gwrs, roeddwn i'n meddwl, rwy'n meddwl i'r gweithiau. Roeddwn i'n meddwl i'r meddwl i'r gyfroedd yr ystod o gweld, sy'n mynd i'r cyfrifio ar y ddisgrifennu cyfroedd. is the senior vice president and CTO of the application services for continental Europe in Capgemi. He is also the governing board director of the Open Group and his interest at the moment is in app's rationalisation, the cloud enterprise mobility, the power of open, and we love the O. Slow tech, processed technologies, the Internet of Things, and He's designing above all radical cymdeithasol. Felly, rwy'n fawr i'r Rhondda Llywodraeth. Next up, we're going to turn to IBM, Andrew Salkal, and IBM, as most people would have their own image of IBM. So, if I say it's a technology services and product provider, you kind of get the... I don't need to introduce them particularly. Andrew is vice president and CTO of IBM US Federal and he's also on the governing board of the open group. He's been a driving force behind IBM's adoption of federal government IT standards. He's a member of the IBM software group strategy team. He and his architect team have been responsible for helping the federal government move e-government into the on-demand era. You would probably pronounce it differently than that one, the on-demand era. And his team has been directly involved with multiple high-profile, successful government software and services engagements based on open standards. So, different kind of organisation, hopefully different but consensual views. Third up is TJ Verdy, where's TJ from the Boeing company. And the Boeing company is an organisation of many parts. So, I need to explain which part of Boeing that TJ represents. So, within Boeing they are sometimes a vendor of products and services, especially on the military side. And sometimes they're a customer of enterprise products and services. The relationship we've always had with Boeing in the open group has been as a customer. And so, think of it now, we've got the customer side perspective to balance the other two. And a customer that is a huge organisation, they are the organisation that inspired the vision of Boundaries Information Flow along with EADS and some other transportation companies. We did a round table with some CIOs from a number of these companies and in fact, if you look at the slides we used to describe Boundaries Information Flow and the breakdown of the silos when I do that, those slides were provided to us by the Boeing company. TJ is a senior enterprise IT architect, he's co-chair of the Platform 3.0 forum. He provides technical expertise within Boeing and in the industry to enable strategic IT initiatives targeted to achieve competitive advantage by exploiting the use of cloud, social media, analytics, mobility and other emerging technologies. So, to moderate the panel, we have Dave Lounsbury and Dave Lounsbury is... I can't remember. Dave is the Vice President of CTO of the Open Group, of course, he's been with us for many, many years. He's very well respected in the industry, very little else to say about Dave.  Please welcome our panel. Thank you Alan for that great introduction and Ron, Andrew, DJ, thank you very much for participating in the panel. So, it was about a year ago, 2013, we started seeing this concept of a third platform, game currency, with the Gartner reports and some of the others in the industry. And when it started out, it was these broad concepts of, well, maybe it's big data, maybe it's mobile, maybe it's cloud. So, since then, has an industry consensus emerged on what the definition of a platform is? You know, it's a coherent reference model coming out of the work that's been going on here and other places. And, if so, what are the big pieces in that and how do you see them fitting together? Ron, you want to start us off? Yes, sure. I don't think there's a coherent reference model available anytime soon, but for sure the Open Group would be one of the communities that could be working on such a definition. To me, what's much more important is that it's truly a revolutionary step forward, which you can only compare to the emergence of the mainframe first and then the PC second. Everybody knows that the revolution that came with the PC and client-server architectures democratised access to information and technology and it brought us into an entirely new era of methodologies, how we created solutions, who were creating solutions. I think it's very important because the departments and the business units could do it themselves. We still know, by the way, what it could lead to, so I'm not saying that it was an easy revolution or something, but it was clearly a very important step. And to me the real significance of the third platform is exactly the same. We're now entering an era in which we see that different parts of the organisation start to embrace IT once more. We see an unmatched enthusiasm for technology, by the way, at the business side of organisations nowadays, not necessarily for IT people, by the way, but certainly for IT. So that's in itself a revolution, but I think you can only compare it with when the PC came in terms of entirely new ways of creating solutions, entirely new places within the organisation, how you do it, entirely new generation of tools that you do it and a multitude of applications and solutions, which cannot even be compared to what we've been doing in the past few years. So maybe the definition is not that interesting, but we're clearly in an era now, in sort of a revolutionary point in time right now, which I think is the real essence of the third platform. The democratisation points an interesting one, we'll come back to that. Andres, what's your view on convergence? Well I think we need to decompose your question, right? A reference model, I don't think I would agree with everything that Ron said first off, that we're evolving towards a better understanding of what we mean by platform 3.0, but a reference model evolves from a set of observable reference architectures. So what is a reference architecture? A reference architecture is a repeatable pattern that has been seen to work in the field over and over again successfully and then we create a logical representation of that so that it helps guide implementation of future systems. And then a reference model is kind of a higher conceptualized version of reference architectures to characterize a platform or a set of architectures. Do we have an agreed upon consensus on exactly what that looks like right now? I think we have an inkling of where we're going, how it somewhat fits together. I think that we wouldn't have a platform 3.0 forum if we didn't have lots of work to do here. So one of the things we do have to do is we have to go down to the observable, create those reference architectures and continuously ask the question if our reference model is valid, or reference models in many cases might be. I offered one kind of a nascent reference model in my blog. That was in the blog post, right? That was a great post, actually. The concept is quite a bit. Let me come back to saying a few more about what was in that, but I'd like to hear TJ's view on where we are and how it's coming together. So I think we have a fragmented model. It's not really a coherent model right now. We are working towards that, and most industries and other areas are also trying to get into that aspect. I do agree that we don't have that fully reference model defined yet, and that's the space we are working towards. I notice nobody has been bold enough yet anyway to talk about what the big pieces you see are coming into that. Does anybody want to hazard a guess as what are the broad blocks of what's going to end up in such a platform? Well, I did propose a few. I think that even since the eight weeks or nine weeks ago that we started trying to work together to create a white paper and have this discussion in the forum that there has been even some changes in some perceptions. Let me give you an example. I suggested that it was pretty well defined. We all understand that the transactional systems and the core business capabilities must continue to exist. That's kind of like the crown jewels of our business processes within our enterprise or organization, and those are systems of records. The new evolving platform is the mobile platform where it's a system of engagement. It's capturing information. It's the user interface, as well as a new computing platform in and of itself. There's that piece, and then you have the Internet of Things, which is a sensor-based, pervasive computing. All three of these things are coming together, enabled through big data. For example, recently, both IBM and HP started calling the big data piece systems of insight. I personally think that you have a system of insight that is associated with business capabilities, but you don't have just one system of insight. Ron, T.J., Reaction Time. I just have the feeling that it's not the real essence of what we would call the third platform. By the way, I would tend to, just for the record, I would tend to give a bit more credit to IDC in all of this. We're talking a lot about the nexus of forces and this gardener categorization of applications. I think IDC actually introduced the notion of the third platform. That's correct. There's the real essence to me. First platform, mainframe, second one, PC, two big revolutionary areas. Third one, happening right now, which is not necessarily what type of system is it, actually. Are we interacting or engaging or is it insight, but the very fact that there's an explosion of solutions and that the way that we create them, much closer to the business, I would say in general, with a much shorter lifecycle, typically, and a much higher degree of connect of being connected is much more the essence of what you call this third platform. So if we start to reference model ourselves to death, it actually will not really help us. We really need to understand the revolution that's currently going on. Why actually are people in the business nowadays once more enthusiastic about IT, but more typically say these damn IT people, we don't care for them. But we do love IT. We do love what we can do with technology. I think that's the real question that we need to answer. And what we should do from an IT industry perspective to let's say change that attitude a little bit. This is not just what's being done, but how we're doing it. TJ. Yes, so I think if we need to put some phrases, I would think like there may be some kind of guidance for architectures and possibly looking into how semantic interoperable information would be flowing across the enterprise or as well as across the ecosystems in different industry areas. And then some kind of like a maybe coming back to the reference model or some kind of a standardization of, you know, exchange information exchange would be a good thing to have to really make this things more coherent in terms of it. So I would think like if you work on that areas and providing those kind of guidance and making this more like a... And the last part I forgot about the security aspects. Because when we're talking about all this machine or human and all other things that need to work together to really provide an actionable information to a right person. And that needs to be worked on very hard from the beginning. Wouldn't it be nice to turn the perspective a little bit around? So you're talking from the open platform 3.0 perspective, but you mentioned already a lot of different areas that I think are, you know, delegates over here from all of these forms over here in the room as well. So you mentioned security, which I think rightfully so. We've already been talking architecture. And by the way, talk of nine, splendid, big asset, industry standard. Is it fit for the third platform or has it been designed for the first and the second? I tend to think so. So architecture question, what does it mean? Then of course competencies. So let's say a certification. We've created these certifications for IT specialists and architects in the era of the first and the second platform. So yet another question. Then security. We should ask probably security people how do you deal, how do you cope with these new challenges of the third platform. So my hypothesis would be that there are very few forums over here today that wouldn't be impacted by the notion of the third platform. So the question would be how much should we actually do in the working group and how much to what extent should we actually invite each and every working group or forum to engage in this thinking because it's literally a new era. I almost think that we ought to be the requirements gathering forum for the whole. I do think that there is some things that we could do within platform 3.0 ourselves, but you're absolutely 100% correct. I mean integration and architecture go hand in hand and I think the piece that we are missing is how do you actually make all of this cohesively work together. It's not about a new platform for computing. It's all the new business capabilities that you can achieve through adopting this new platform. And so then you can then go a step further and work on security and if you understand integration or how things fit together then you can secure them. I personally don't think you can just apply security concepts without understanding how pieces fit together. I think that one comes before another. But the hypothesis of course that security will have an entirely different dimension in the world of this platform because we designed it to thrive in the era of the first and the second. And maybe it would be a serious inhibitor the way we look at security if we're moving towards the power of this platform. And that's a question we need to ask ourselves I think each and every individual probably in this room as well in terms of the era that I'm particularly involved in to what extent is it affected by what's currently happening. And we'll be happening very soon. Since you mentioned questions don't forget this cards on all the tables. We do want to take questions from the audience a little bit later on. I'm sure I'm going to run out of questions before too long. So please get yours ready. Mon, you mentioned something that I'm kind of interested in that is that pace of innovation that's going on in this area. And you see not just the technology news about new data handling and new analysis tools which kind of go more along with the evolution of the systems of record development that's always been mighty. But you also see the things that are closer to the edge particularly in the internet of things space. You see new devices and to me most interestingly new platforms coming out every day. And one of the interesting characteristics of these is all of them are designed to dramatically lower the barrier to bringing pieces together. Particularly the frameworks you see in the internet of things space is really kind of pushing that out to the edge or lowering the barrier on that. So the great news here is there's all this innovation that really drives progress quickly. But Andras, your blog said the hallmark of successful enterprise systems architecture is a standardized and stable platform. And it seems like this pace of change that Ron has alluded to brings us anything but that. Well, the initial shift always brings a little chaos, right? But you do have to have some of that stability in order to recognize it as a formal platform. So, you know, how, you know, since we're the open group is an organization that does standards, whether they're standards for technology, but also standards for how people do things, you know, like methodology, right? So how do you see those coming together? Do you see that as the either of those is the proper role for where the different platform 3.0 form is heading? Me? Or Ron? Whoever wants to meet me. It's not exactly clear who you're looking at. I'm looking down on why. Really, really. We're going to have the whole panel weigh in on this.  I think innovation is really important. I think when you talk about standards you have to talk about interoperability. To me, one of the great assets of the open group is the work that we do around architecture, patterns, best practices, and helping facilitate the entire industry moving forward to a level of maturity that is, you know, necessary and sufficient for all of us. So I don't think that you can start off the conversation with saying we need to standardize. I think we need to understand the areas that need, you know, some hand-holding and some facilitating so that we can actually realize the innovation around this new platform. Because we don't want to slow it down. We want to actually facilitate it. And I think that the way in which we're actually building technology these days is slightly different than in the past. And you can't talk about standardization before you actually realize that innovation. Different? Different? Well, you know, if you look out in the, you know, the cloud world, you have so many different languages. I mean, so many different ways of actually developing solutions. If you look at Instagram, for example, that company went through some odd iterations of their platform architecture. And it was very rapid over a period of time. And they did a lot of innovation themselves to get to the next generation. So they couldn't really standardize. They were actually, you know, in the wild west, really, trying to do something very new and innovative. So if you look at it from that perspective, a lot of the new solutions around Platform 3.0 have never been tried before. Right? Especially if you integrate the Internet of Things through business processes and capability and provide, you know, dynamic machine to machine interaction. You know, you simply just can't start off with a conversation of standardization. You have to, you do have to help everybody understand what are the best practices, what has worked and actually help us define what it is those reference architectures models are. And then that can feed into the other points that you made, Ron. I want to ask, because TJ is our co-chair, I want to see, you know, how do you see the work of the group evolving given what we've heard about the pace and position? Yeah, I think we got a head start, actually, and we have certain areas where we actually kind of matured in terms of defining how we're going to provide data in a way that it could be used across, you know, different places. And also, security is also, we actually worked on it with the forum and trying to work together to really address new concerns business has and also, you know, other areas where we need to really make sure that it is very robust and doing some kind of a ways to really analyze up front. So, if we take that head start and keep on moving towards it, I think, you know, we will get better off in terms of defining the reference architecture and really standardizing things in such a way that it would be used across our member organizations and beyond that. So, I truly believe that we are working towards that and it's a good way to really go forward with it instead of just really overanalyzing, you know, the current things. We are hearing about nexus of forces for a long while, almost three, four years, and no other, you know, consortium is really working towards creating these kind of standards. And we might want to do better than we did when the PC came, which was the second platform, because we all know that it's, you know, ended up for many years, arguably even until today in a, you know, chaotic disaster because everybody started to do their own things and it was great. It was the democratization of technology and everybody was enthusiastic about it, but it went all different ways and it took us decades, literally, in the IT industry to clean up the mess that we created ourselves, by the way. And I think we could do better right now by being much more proactive in terms of the type of platform services you would be supplying from the IT perspective to this new aspiring world around you. Probably, in many cases, business driven and be much more proactive in terms of what services will be supplying to that world so that they can quickly, entirely new rhythm, build the next generation of solutions while bridging what we have in the back office or what we have in our existing systems, which I think is one of the biggest issues we have to tackle. Standardisation, by the way, goes hand in hand with innovation, I sincerely believe. So standardisation is very good for innovation. You need to create a highly standardized platform to your point because only then you can let it go and go all sorts of different directions. If you don't have that highly standardized platform, it also will go all directions, but not orchestrated. And again, it will take us decades to clean up the mess, which I don't think is a good idea. I work at the open group because before the open group I worked at a mini-computer company who kind of didn't make it. Mini-computers. Mini-computers. Mini-computers. Mini-computers, that sounds nice. Mini-computers. Sort of between the first and the second platform, mini-computers. Oh wait a minute here. I love it. Just to add quickly here, I think I believe the technical problems are easy to solve than business problems and looking into the business areas. I think we have a good opportunity to really provide a platform at a technical level which any enterprise or anyone can use to make a business solution of it. Well I think one of the really important aspects of what we're going to do in the forum is actually be kind of a center of gravity for gathering requirements for the industry and reflecting them back out and actioning some of them here in the open group. The moniker in the open group is making standards work and we do a tremendous amount of leading standards in the industry as well as creating our own standards. So I think that if we do the right job in the platform 3.0 environment, especially since we're not going to be able to solve all the problems even in the forum itself, other forums are going to participate, we're really going to be doing a lot of documenting the requirements and gathering case studies and helping folks understand the current state of the art and what needs to change as well as suggesting standards and such. It's not just the vision and not just being the technical standards but some of that process management. I know that the group has in fact looked at things like innovation management and those processes. Do you see that coming into it? TJ, is that the car? If you look at IT for IT for example, the forum that was just launched yesterday, you could argue that part of those processes, the way that we look there and that reference architecture is very much based on what we've done so far. But you already see some of the newer areas emerge there as well like DevOps, which is a sheer necessity DevOps in terms of a continuous delivery and development cycle which is completely entwined because otherwise you have the gap and that's already too much of a difference between two areas within the entire life cycle. So you see an entirely new rhythm already created over there, which you could argue is fundamentally different from the way that we've been looking at life cycles so far. So it has an impact on methodology I think and our own core processes just as much. I think it has a huge impact on architecture and methodology and enterprise architecture because there's a bit of an impedance mismatch when you look at these different classes of systems. If you have established sensor network and you've already architected that solution, then the data flow can certainly be used within a system of insight analyzed to shunt to some sort of system of record and business process informing that, interacting with your end user on the mobile platform and the engagement environment and so on and so forth. But if you look at how CRM systems or ERP or even the new EMM systems of the world actually are architected and implemented, their rate and pace and change and how their actually solution is slightly different than the rate of pace and change that uses a DevOps model in the sense that many folks are using it on the cloud right now. So we're going to have to do a lot of work I think Ron in order to figure out how we're going to address all these different rate and pace and change requirements in these different system types because they're not all things being equal, they're not, right? Clearly and in a new world we might not even be speaking of requirements anymore because it's platform based. We look at the catalogue and what's in the platform and that will drive our innovation processes. So in the end, if you look at Tokyo, for example, which has requirements completely central, you know, it's the center of the universe and then we have the crop circles around it. If you think about it, maybe that even would completely change once you are on this new era of platforms and you wouldn't even really be articulating requirements anymore, but you would be thinking maybe in terms of value scenarios you want to fulfill. And then immediately you turn to the platform and see how it can drive these value scenarios, which is a fundamentally different way of looking at it than the requirements first way of thinking. And this is really a holistic issue, I think, as I said, which needs to be addressed I think in each and every forum and working group of the open group rather than solely in the open platform free. I think we actually based over foundations, for example, those cloud computing, you know, workgroup we have, we had some standards made on that one. Big data work is also going on in the platforms and then security forum is doing, helping us to do that. And I.T. for I.T. we are looking into how we can make this platform or in a way to provide a service model on these platforms so it could be very innovative and agile way to really produce new business solutions.  I want to ask two more questions and I want to pull on this theme of moving, you know, things beyond the enterprise, moving things out to the edge.  So I'm concerned not everybody in the room will know quite what you meant by machine-to-machine interaction, what's your definition of it. And, you know, how does this, I think we've probably always had machine-to-machine interaction, but how does the growth of machine-to-machine interaction affect what needs to be in the platform or the way we view the platform and does it drive other things coming in like, you know, more automation or even, dare we say, cognition going on as part of the platform. Ron, fathos. What does machine-to-machine? No, but it's definitely, again, of course we've always had machine-to-machine connection, but you could say in terms of the technology as it currently emerges, essentially almost anything could have intelligence and be connected to other things. And it's one of these explosions that actually make the third platform revolution right now. So we're not stuck anymore at PCs or something, but the things might be that the very incarnation and visualization of information might be through these things. And, of course, they'll be interconnected as well. Everything could be a sensor, so it would be providing us with input and stimuli, but equally, anything could be a tool to engage with and communicate and actually access information as well. And I think the sheer size of that, the magnitude of that, we clearly crossed the bridge as well. And that makes for an explosion in a number of applications, the number of solutions, the number of connections. And that's something we need to address and something we've never seen before because this is entirely new to the industry. We've never seen such a diversity. Can you say you want to respond? Yeah, actually I was just probably going to quote something from either, I think it was from Gartner or Forrestam, not sure, but by 2017 I think they were predicting the machines would be doing more learning than doing the processing. So, they're going to be more smarter as they go forward and they're just going to help us make decisions whether, you know, how you program in that way to make more algorithmic processing done up front so human interactions would be a little bit less than actually machine is taking actions on behalf of humans and trying to make sure that it still has the checks and balances there, so you're not doing something which is totally out of bounds. So, you know, to really speed up what I call activities as well as making decisions, those machines would be doing more what I call learning than processing. Well, I mean machine to machine interaction really kind of to me refers to pervasive computing, the use of sensor networks and the interaction between devices in a way that as TJ and Ron have suggested that they're making, you know, decisions based on models without human interaction. And if you look at OSIM level seven, if you go back to, you know, the service integration maturity model, which really the open platform three is based on, you know, the foundation as TJ suggested really is service oriented computing, cloud computing and so on and so forth and all of the integration techniques that we used and worked on here in the open group for such a long time. We didn't just forget them. This isn't a shift away from that. You know, just like all technologies, we kind of stand on the back of the last Rev. But it's important to realize that, you know, when we're talking about machine to machine interaction, we're talking about dynamically reconfigurable business processes and capabilities. So if you look at how this will work, you, you will have an in context change in how the business process flows. So for example, if you have a, you know, a situation where you have a set of sensor net, you know, signals to your in infrastructure in your systems or record that, let's say you have a certain reduction in your your supply chain or you have a degradation of the devices that are deployed into the field. You know, you have the old use case of Caterpillar using all the devices in you promise. And, you know, I think that's a really good example of how that you would then refresh the supply chain and restart manufacturing for those components that are actually going to have to be replaced in the future. And that's an example of it. Yeah. Well, that's actually a good example because it leads into the next question and we're going to take questions from the floor again. So if you do have them, make sure you hand them into, I guess Lawrence collecting Chris. Good. Plenty of questions from the floor. So I better leave plenty of time. But I got to get one last question and I'm going to put the spotlight on TJ, which is that we see a lot of interest in this new platform and machine to machine communication or IoT from the manufacturing sector. And there's an article. Of course, the groups got good roots in that, as Andrash has said, you know, with the open data format and the opening open messaging interface IOT standards. So it was really good to see that the group is moving aggressively into that area. The technology review published the article on that GE's transformation around IoT, which they called their million dollar software back just to be a little provocative. But from a manufacturer's perspective, how do you see that impacting what you do? Yeah, I think GE's spot on there. I think they're talking about 1% of, you know, billions of dollars they have in the equipment and all that area.  In terms of manufacturing wise, we are looking into three different areas. New business opportunities, looking into different areas, adjacent areas, trying to figure out how this platform would provide us that one. And then business optimizations, like reduce cycle time, doing things a little bit faster, quicker and better, you know, security is also concerns in all other areas to making sure, you know, we are doing things properly. And then also operational optimization, operational optimization on talking about in terms of compliance related things and doing things at total cost of ownership in terms of putting less operational cost to, you know, to the enterprise. So all these areas actually helping us by using these new convergence of technologies and doing things a little better and faster. But if you think about it. Quick reactions. Yeah, well, if you think about it, products themselves that you manufacture actually become platforms themselves, because if you would be able to access them through APIs and services, as a real platform would be, there would be lots of additional services and products connected or not around it that would make the product itself much richer, right? So the product itself is still nice. It's an intelligent thing, maybe, but actually the notion of the fact that it itself would create a platform that would attract others would be very interesting. And let's not forget, by the way, the notion of a platform is that it's attractive to others because if you're not attracted to a platform, nobody, you know, will use it. It's not really a platform. That's why Marshall Van Halstine talked about that. Well, yeah. So how to create something that actually is attractive to link up to and donate to or contribute to or use it. That's the real essence of a platform, I think. And it's very notable, I think, in manufacturing as well. Yeah. That's where products are going. Totally. Products become platforms. Yeah. The factory automations and all other areas where things would be, you know, you would do product. It's more like we're putting everything. It would be more what we call intelligence. So how they share in information from one product components to another. Our airlines are doing that anyway. Our airplanes are doing that already. So we need to plan other areas. I'm very quick reaction on that. I think these guys pretty much said that all. Well, then let's move on to questions from the audience. Okay. Chris, my colleague Dr Chris Harding, who is the forum director for the platform 3.0 forum, will be asking the questions. Thank you, Dave. And we've got quite a few questions. One actually that I'll read out that I suggest we don't answer it because you've already said quite a bit about this, but just to reinforce the fact that it's a point that people are saying are important. If the service catalogue is the fulcrum between IT and the business, the choice for humans or systems to select capability service or platform, where is the service catalogue in your discussions? And I think you've said a little bit about that already. So maybe the person who asked that if they want to pursue it further could discuss during the break. That was the easiest question I ever answered. Okay, so to move on to one that I don't think we've discussed yet. Isn't the essence of platform 3.0 a change from using my IT, my data, my apps, my tech to using others IT, public data, open apps? Is that what we're talking about? No, I mean I think that that's a really important concept around cloud. And the fact that you had I think several individuals yesterday talk about how the hybrid environment is going to be pretty much the future environment. So absolutely you're going to be using other endpoints that provide a business process when you add it up. A set of capabilities in your business so using Togaf you map your business capabilities down to IT function. If you look at it from that perspective, yes, you're going to see a series of services that are not just contained within your own environment. But quite frankly different organizations are going to approach this differently. It depends on the situation, the business process and the capability that you're trying to solve as to how many of these hybrid endpoints or external endpoints that you're going to be using. So yes and no. I don't think any organization or enterprise would be putting things on the public place, especially the intellectual property. So that's where the security concerns comes in. So there would be something my which would be more private deployment model for enterprises to do things in a way. And you don't see like Apple is announcing something you know what they're going to do in the next platform for iPhone or iPad and all of that. So all those things research and development still going to be privately and it's not going to be public. But having said that you want to be able to do these type of things because you're using other platform stuff to do the things that you used to do yourself in the past. So that you have the room available to do these things that really matter and make a difference. And there is a change. I truly believe as we discussed that there will be less interesting requirements sooner or later. Requirements are yours. I want requirements and actually you're saying here's the platform I can use this stuff and this will be where I start from. And the hell with these requirements it's I'm building on it to make something which is me. But in order to be able to do that I must make the room and I will leverage whatever is in the platform and in the service catalog by the way and in the open APIs and in the data markets and all of the other things that might be part of that platform and use it to kickstart myself on my way through where I really am and what makes me different. I think that if you take a togeff point of view you look at your core competencies if your core competencies don't include certain elements like HR management. A lot of companies are outsourcing their HR and organizational support systems to companies like for example IBM Conexa. And those are all cloud based solutions that are integrated in with your key core capabilities. So really it goes back to that enterprise architecture. What are your core capabilities. What can you outsource and TGF totally agree that those family jewels are going to stay in the castle. But you should reverse the thinking a little bit right. You're talking about HR services outsourcing used to be here's how I did my HR process you please run it for me outsourcing party run run my mess for less. But actually nowadays you know okay well and but nowadays it's much more catalog based. So here's a set of highly standardized AR process HR processes. They are delivered from the cloud multi turn and software. Everybody agrees that it's best industry best practice industry best practice in terms of HR. Why don't we use that until they actually begin to use your process and dictate to you that you have to make changes that are necessary for them because they are still in the high require. Because every company and organization has a different business model. They think so. They think so. You should probably move on to other questions so we get to at least two questions here. So let's go on to the next question and I suspect the answer to this question is simply going to be no but there could be some interesting things to say about it on the way. So the next platform will be high distributed. Do you think we have a robust model to handle distributed transactions. I mean we certainly have standards for for you know transaction management with web services and and you know the whole web infrastructure is based on a bus architecture in a way. So for me I mean I don't have a problem with that architecting solutions that manage you know distributed transactions. MQTX for example is a open source solution that some vendors are actually supporting you know additional you know support for we are. That's a good example of a transactional solution that can coordinate multiple two phase commits you know across the Internet. So I would take a little bit slight different approach here or maybe just wanted to give another opinion. Internet is kind of based on state list and it's not reliable thing so and when you're getting so much of data transactional aspects really come in a way. So you have to build your architecture and systems in such a way that you expect the failures. So transactional would eventually happen you know as it what we call it in the atomic and all of those things. So those things would happen at eventual time but it's probably not going to be the norm you know when we're looking for so much data coming in needs to process quickly and you would actually expect there may be some you know doesn't really get transmitted or it just didn't really. So we have to accommodate that so. I mean it's not lost on me because I have a lot of different customers with different kind of profiles but TJ you are a you represent Boeing and I know Boeing is fairly conservative organization so I would say that you know it sounds like a lot of your processing. You're not going to be outsourcing to other you know providers.  Is that true? We're still looking for hybrid so we're still going to have something on the public environments which is not public public but community based. You know so you still know who's going to be there and also and there are some public solutions which would be there. You know but it all depend upon what information what data you're sharing. You know what model is really best suited for that so we have so many use cases for different deployment models so. Chris I think we probably have time for one more. One more you think not two. We'll see. Remember that was the question you thought there would be just a note. If we can say yes or no that would be a good question. So there's one thing I've been saying for the last I'll go to that one. In open platform 4.0 will the computers be architecting how humans will be using it? What? See the gift card. This is where the computers be architecting. So I guess they're asking for you know if you look beyond platform 3.0 you know what would you see on the horizon is the way that I interpreted that question. I think cognitive computing will certainly be a very important evolving future element of whether it's platform 3.0 or the next generation who knows. Certainly that is a situation where you have machines making some decisions based on models that may reduce the amount of human interaction. But other than that I really can't you know prove it. I hope to be retired by then anyway so. Probably couldn't care less. So really I'm on the Riviera right? Yes for sure. Trust me. Robot bringing you drink. DJ. No I think the possibilities are there but I don't think we are there yet so. One of the studies I saw on that point said that the skills that would survive would be the ability to show compassion, bring people together, establish consensus and things like that. So I think we're probably all good for a few minutes. It sounds like the okay. I could do that from the Riviera as well. Right. We will have the remote access to the Riviera. Yeah exactly. So maybe we've got three more minutes. Is that another question or so? Okay. How will open platform 3.0 be relevant to current platform providers and consumers? What would be the incentive to adhere to the standard? So I don't see this as any as a one standard kind of approach. You know look at it from this perspective. Was there one standard when we talked about the monolithic mainframe? Well there were fewer certainly. There were many more in the internet PC phase that Ron cited. And there will probably be many more patterns in the open platform 3.0 era as well. So there won't be just one and the incentive will actually be to support the business capabilities of integrating the mobile environment systems of engagement, the internal core transaction systems, those systems of insight that support all of these different capabilities, and of course the internet of things as we begin to integrate these you know sensor environments and pervasive computing into the core business mission. T.J. Ron thoughts? Well from an IT perspective you want to be prepared for whatever will be coming to you. You want to be more proactive. So you want to be able to establish a set of services and platform. And I think the best way to get there is to kickstart it based on what the industry in terms of open standards is producing. That would make a lot of sense. Although of course there will be quite a lot of individuals no doubt that will create their own perspective on platform 3.0 which is fine. But I think it would make a lot of sense to do a kickstart and to have for a change a proactive position because the things are clearly shifting. And as I said at the era of the PC many IT people were for years in denial in terms of you don't need anything else and the mainframe the PC is rubbish. Or wait a minute we can run a spreadsheet on our mainframe as well. I actually saw it happen. I'm dead old. But the third platform you might envision the same right. And so you're hoping not to make the same mistake again and be much more proactive and be actually part of that movement rather than in denial for too long. Petrie final thought. Yeah I think the platform 3.0 work we are doing we are trying to strive for making more agile and you know adopted to not only this nexus of forces technologies. But other technologies that may come forward in the future. So we wanted to make it more agile and as well as you know making sure it's adoptable to what the existing systems and things are in each organization. So we want to make sure that it is more interoperable. It's a semantically accurate information is getting shared. So all those things would be a head start from our point of view to really provide the platform related standard which is going to be stable than any other consortium is providing right now. I mean all of these platforms still exist though. I mean the main frame involved the Internet is evolving PCs evolved to continue. I don't know but he's going to see Microsoft you know you know kick you know close their doors tomorrow. They're going to continue to be part of the equation. They want to be a platform champion as well. That's just like IBM. That's right. Absolutely. We are going to have to move on. Sounds like there is plenty of work ahead for the open platform 3.0 form. So please everyone who is interested in this please see the staff or see the leads on this to get involved. TJ Andrush, Ron, thank you very much for participating and we'll hand it back to Alan.


How do you get smarter in minutes? Well, you do it by walking and then thinking walking and thinking So studies have shown that exercise increases blood flow to the brain So what I'm doing here in the town of Abingdon in Oxfordshire in the UK is taking buster for a walk We walk for 10 minutes and then I sit down on a park bench and I think for 10 minutes Sometimes I'd write a little right in my notebook And what that does is that the walk here that we're doing right now. This is a lock here in Abingdon The walk is increasing blood flow to my brain. So then when I finally sit down For 10 minutes, I have more clarity.  I think we're a little bridge rather So, yeah, I've done this now Since I turn on the hit record here. I've been doing this for the past hour Which is walk for a little bit sit for a little bit walk for a little bit sit for a little bit and I've Already had some tremendous insight into my business My businesses I should say the 30 day no alcohol challenge in my Swanee's glasses the blue light blocking glasses There's been some ideas kind of stewing around on my brain But I haven't been able to get them out and put them on paper But just doing this walk think Work method has helped me do that. So let me just pull out the The the notepad here. Here it is I'll bring that with me now because I'm holding and holding the camera and Trying to do a few things at the same time. This might be a little bit awkward, but Here are some of the notes that I've taken today Just ideas that have just come to mind as I've been sitting down in my 10 minute Thinking session now I put on a little timer every I'm using an iPhone to record this And there is a timer on the there's a stopwatch or a timer or a countdown I should say So I just put it to 10 minutes and I hit go and then It counts out it counts down and then when it hits 10 minutes An alarm goes off a little radar sound that you can set in your phone And when the 10 minutes gets up I stop writing I get up I grab Buster who's over there off the leash. I better go over. Hello. How you doing? Thank you. That's the way Buster Buster come on.  There we go.  Tell me how you get clarity or Give this a try and then leave a comment down below and let me know how it went Love to hear from you. So from Abingdon in Oxfordshire in the uk I'll see you on the next video. They're coming weekly. I'll see you on the next one Hey, I'm James swanick. Thank you so much for watching this video If you want to watch my next video then click here If you want to subscribe to this channel to get new videos click here And if you want to follow me on social media like my snapchat right here, you can see my snap Click on the links down there. Go on do it now. I'll wait for you. Snapchat. Snapchat me. Snapchat me