26 Oct 2023 - Emerging Technologies Meeting Agenda

[tenatzen]

Date

26 Oct 2023 - 10 am EST / 3PM BST

Untracked attendees

• Lucas Web (Itaú Ubanco)

Meeting notices

• FINOS Project leads are responsible for observing the FINOS guidelines for running project meetings. Project maintainers can find additional resources in the FINOS Maintainers Cheatsheet.

• All participants in FINOS project meetings are subject to the LF Antitrust Policy, the FINOS Community Code of Conduct and all other FINOS policies.

• FINOS meetings involve participation by industry competitors, and it is the intention of FINOS and the Linux Foundation to conduct all of its activities in accordance with applicable antitrust and competition laws. It is therefore extremely important that attendees adhere to meeting agendas, and be aware of, and not participate in, any activities that are prohibited under applicable US state, federal or foreign antitrust and competition laws. Please contact legal@finos.org with any questions.

• FINOS project meetings may be recorded for use solely by the FINOS team for administration purposes. In very limited instances, and with explicit approval, recordings may be made more widely available.

Agenda

• [x] Convene & roll call (5mins)
• [x] Display FINOS Antitrust Policy summary slide
• [x] Review Meeting Notices (see above)
• [x] Welcome & Announcements
  • [x] Updates on Blog
  • [x] Notices about upcoming events/deadlines
• [x] POC Program
  • [x] Open Source Finance LLM
  • [x] Creating a POC Sandbox - 1st Target DLT
• [x] Any other Admin
  • [x] New Primer topics announced
• [x] Call to action
  • [x] POC Program
  • [x] Primers
  • [x] Brain Trust membership
• [x] AOB
• [x] Thanks & Close Out

Zoom Details

• https://zoom.us/j/98538837792?pwd=ZHg3QVVnaCtOT0tEZSs5c0hrZTg1dz09
• Meeting ID: 985 3883 7792
• Passcode: 152455

Join by Phone

• Find your local number: https://zoom.us/u/adl5rhui4P

[padraignix]

👋 Patrick Downing | GitHub

[wendallkaters]

Kendall Perez | FINOS

[Perelmuter]

Rimma Perelmuter - FINOS

[psmulovics]

Peter Smulovics / Morgan Stanley 🏢

[hbalazs1980]

Balázs Héder / THINKology Solutions

[MikeWilsonZngly]

Mike / ZNGLY

[sebastiangalvao]

Sebastian Galvao / Genesis Global

[vbandi]

András Velvárt - Response

[alvin-c-shih]

Alvin Shih / Morgan Stanley

[polinalevyant]

Polina Levyant | GSR Markets

[tenatzen]

Keith O'Donnell | Feynic Technology 💎

[padraignix]

Meeting Minutes:

00:01:25.590: Keith kicks off the meeting, introduces Kendall, and asks her to discuss the anti-trust policy. 00:01:34.010: Kendall talks about the Linux Foundation anti-trust policy and standard meeting notice for Finos project meetings. Emphasizes adherence to anti-trust laws and competition laws. Mentioned the recording of Finos project meetings. 00:02:56.340: Keith welcomes attendees to the emerging technology group special interest group meeting for October. Discusses the meeting agenda, encourages attendance registration, and introduces other co-chairs. Shares announcements about a new blog post, a podcast, and upcoming conferences. 00:05:00.220: Peter talks about "Big Boost Mondays" event in New York and encourages attendance. 00:07:10.670: Michael Wilson congratulates on the Big Boost Monday event in New York and shares details about speakers. 00:07:36.790: Rimma shares details about the upcoming Osff event, encourages registration, and highlights the quality of participation. 00:11:30.730: Andrew Aitken discusses collaborations with Hedera, providing a local node for a DLT sandbox, and upcoming solutions. 00:16:50.140: Keith talks about upcoming primers, discussions on GitHub, and invites participation in the Brain Trust call. 00:17:58.670: Keith opens the floor for a wider discussion, inviting participants to unmute or use the raise hand feat 00:19:26.310: Siddharth Mohanty Expressed interest and asked about the scope of the Open Source Finance LLM, specifically regarding finance terminologies and compliance. 00:20:29.310: Peter Smulovics Clarified that the project is not solely focused on finance but also includes technology aspects, such as regulatory technology. 00:23:10.310: Keith detailed the goal of creating a specialized learning language model for finance, encouraging collaboration within the industry. 00:23:44.310: Siddharth Mohanty expressed excitement and interest in contributing to the project. 00:24:06.170: Alan Hammes inquired about fine-tuning an existing foundation model for the LLM project. 00:24:36.870: Keith discussed potential collaboration with Dolly 2 LLM and DataBricks to develop a specialized LLM for the finance industry. 00:25:09.950: Alan shared thoughts on versioning and the gradual specialization of the LLM. 00:25:52.820: Keith discussed the potential application of generative AI in handling regulatory language within financial services. 00:26:31.970: Allan acknowledged the ambitious nature of the project and expressed interest in further discussions offline. 00:27:27.230: Keith invited participants to share thoughts on other projects and potential showcases for future meetings. 00:27:45.620: Allan asked for a definition of emerging technology within the context of the Zenith SIG. 00:29:25.200: Keith explained that emerging technologies are those not yet ready for prime time, using the Technology Readiness Scale. Shared the list of identified emerging technologies on the Zenith site. 00:31:43.220: Peter emphasized the intention to eventually move technologies to specialized SIGs as they mature. 00:32:57.650: Peter discusses the goal of creating a separate system for each technology to run independently of their involvement. 00:33:08.570: Peter Smulovics mentions providing documentation, Brain Trust Member List, and primers for upcoming technologies. The plan is to update the list over time with new and unimaginable technologies. 00:33:35.840: Peter Smulovics talks about a partner suggested for working with technologies in innovation labs. 00:34:05.550: Alan Hammes appreciates the information but seeks a formal definition of emerging technology, referring to TRL rating and recognition by NIST. 00:34:25.920: Keith J. O'Donnell suggests a TRL rating of 8 or below as his view of emerging technology. Discussion about formal definitions and the need for clarification. 00:35:02.470: Keith J. O'Donnell emphasizes addressing the issue before progressing too far in the journey. 00:35:17.970: Keith J. O'Donnell explains Technology Readiness Levels (TRL) and how they classify technologies. Alan Hammes seeks clarification on the TRL rating for each technology. 00:36:00.780: Keith J. O'Donnell uses Artificial Intelligence as an example, detailing its TRL level, primary concerns, and key concepts. 00:36:29.600: Keith J. O'Donnell discusses the usefulness of the information for dialogue with business partners and ongoing improvements to the primers. 00:37:00.800: Peter Smulovics encourages contributions to the open-source glossary and primers. 00:37:47.490: Peter Smulovics emphasizes the open-source nature and the ability to contribute through pull requests. 00:38:15.150: Peter Smulovics mentions a Maintainer group for those unable to submit pull requests. 00:39:42.660: Keith J. O'Donnell provides contact details for further questions and discussions. 00:40:03.510: Keith J. O'Donnell concludes the meeting, mentions the website, and plans for sharing minutes and slides.