When Mr. Dudley took the helm in 2009, the financial crisis had left the New York Fed's reputation as a regulator damaged. The institution had not done enough to address the severe weaknesses at the banks it oversaw, like Citigroup. Early on, Mr. Dudley commissioned a review of the New York Fed's bank supervision department and then overhauled it. But in 2012, JPMorgan Chase, also overseen by the New York Fed, suffered huge trading losses in what was known as the London Whale scandal. The New York Fed was faulted.
AGI (Artificial General Intelligence) tokens will act as fuel of SingularityNET ecosystem. AGI tokens will let anyone buy and sell AI/machine learning services from around the world via SingularityNET marketplace. SingularityNET wants to open the AI market to the entire world by enabling individuals, developers, small companies and organizations to buy and sell AI services and machine learning tools easily. SingularityNET Foundation operates on a belief that the benefits of AI should not be dominated by any small set of powerful institutions, but shared by all. Demand for AI and Blockchain As everyone focuses on the wild run in Bitcoin the real story unfolding is the high demand for anything related to artificial intelligenece (A.I.) and blockchain.