The preliminary round at Ho Chi Minh City University of Technology is highly lively.
The preliminary round of The Moneyverse (Vũ trụ Đồng tiền) at Ho Chi Minh City University of Technology officially took place on 27/08/2024. Amidst the lively and energetic atmosphere, five knowledge planets—Earning Money, Spending Money, Saving, Investing, and Protecting Money—continued to be explored and conquered by talented young "astronauts."
Opening remarks by the representative of Ho Chi Minh City University of Technology
The preliminary round of The Moneyverse was attended by professors from Ho Chi Minh City University of Technology, program partners, and the judging panel. Representing the university was Dr. Huynh Ngoc Anh, Vice Principal, along with department heads and lecturers from various faculties. Representing the program’s strategic partner, VTV Times, was Mrs. Duong Ngoc Trinh, Strategy Director of VTV Times.
Additionally, representatives from the strategic partner, BIDV (Bank for Investment and Development of Vietnam), included Mr. Le Hoang Hai, Deputy Director of BIDV Ben Thanh Branch, and Mr. Nguyen Huu Tai, Deputy Head of the Personal Customer Department at BIDV Ben Thanh Branch , attended the event.
Lastly, strategic partner SSI Securities Corporation was represented by Mr. Nguyen Xuan Nam, Director of Retail Business Development, and Ms. Le Hoang Kim Yen, Project Manager of Investment Consulting.
Top 6 Contestants Compete in the "Challenge of Bravery" Round
The top 6 best-performing contestants from Ho Chi Minh City University of Technology entered the "Challenge of Bravery" round. The contestants were split into two teams: the Support Team (Nguyen Thi Thuy, Doan Trong Nghia, Ngo Quoc Tuan) and the Opposition Team (Nguyen Thi Quyen, Nguyen Le Gia Bao, Nguyen Van Thai).
Both teams debated and argued over the motion: "We believe that artificial intelligence (A.I.) and machine learning will outperform humans in the finance sector in the future".
Contestant Nguyen Thi Thuy, representing the Support Team, presents arguments on the proposed topic.
Contestant Nguyen Thi Thuy represented the Support Team, arguing that AI would greatly enhance predictive accuracy due to its superior ability to process and analyze large amounts of information compared to humans, which is especially vital in finance.
She emphasized that A.I.'s real-time data processing speed would be much faster than that of humans. Additionally, she noted that while humans might make emotional decisions in unpredictable situations, AI would remain objective, relying solely on data.
More importantly, AI can quickly and accurately analyze financial models and trends, as well as store large volumes of data, helping to reduce costs in data storage and management.
Contestant Nguyen Thi Quyen, representing the Opposition Team, argues that AI cannot fully replace humans in the field of finance.
On the Opposition Team, Nguyen Thi Quyen argued that AI could not fully replace humans in finance. She made 3 points.
First of all, humans are the ones who design and program AI, meaning it cannot function without human intervention.
There are also risks associated with AI,such as the potential to manipulate markets.
Lastly, she emphasized that AI is still prone to errors and malfunctions, underscoring the irreplaceable role of humans.
Contestant Nguyen Le Gia Bao continues the opposition's “advantage” by arguing that AI lacks creativity and emotional intelligence
The Opposition Team continued to gain the upper hand when contestant Nguyen Le Gia Bao pointed out that the process of building trust and gaining the favor of investors and fundraisers is something AI cannot achieve. Additionally, AI lacks the creativity that humans possess, as it relies on processing data that has been pre-programmed by humans. This rigidity often causes these "advanced" tools to miss opportunities to create breakthrough products, innovations, and extraordinary contributions.
Ho Chi Minh City University of Technology Students Excitedly Participate in the "Test Challenge" Round
After the heated debate, students from Ho Chi Minh City University of Technology moved on to the "Test Challenge" round, where two finalistswere selected to complete the top 5 for the university’s team in The Moneyverse finals.
MoneyTalk: "Hide and Seek: Costs and Benefits" Offers Practical Knowledge
Besides the challenging rounds, The Moneyverse also provided students with useful knowledge through the MoneyTalk segment titled "Hide and Seek: Costs and Benefits." Experienced professionals, including Mr. Nguyen Huu Tai from BIDV and Mr. Nguyen Anh Cuong from SSI Securities Corporation, shared their insights on managing money and controlling finances effectively.
The Top 5 Best Contestants of Ho Chi Minh City University of Technology Revealed
After the preliminary round at Ho Chi Minh City University of Technology, the top 5 contestants were announced: Nguyen Le Gia Bao, Nguyen Thi Quyen, and Ngo Quoc Tuan from the "Challenge of Bravery" round, along with Ho Truong Thinh and Dinh Nhat Phong from the "Test Challenge" round.
The Moneyverse is an investment and finance program that combines entertainment and technology aimed at young people in Vietnam. It promises to deliver practical and valuable financial information. The first episode will air in late September 2024.
The Moneyverse competition, designed for talented and knowledgeable "astronauts," allows contestants to explore five financial planets: Earning, Spending, Saving, Investing, and Protecting Money. Contestants will have the chance to win VND1 billion, secure job opportunities at top financial institutions, and represent their university in the national finals.
