‘Real Intelligence that objectively challenges Artificial Intelligence (‘AI’) with FACT will make our Intellectual Property (‘IP’) even more valuable

About the Author – will be published on LinkedIn

Don Gilbert is a Retired Specialist Retail Valuer (“SRV”), an economist with commercial law qualifications and experience retail lease consultant. Since 1993 he has published and presented the outcomes of his actual fieldwork, thereby building up a significant Body of Knowledge linking retail leasing to rental rent. All his works including Software he has written is thoroughly copyrighted.

In the process he invented a six step, Step-by-Step methodology. It uses Sophisticated Software (as a Service), which quickly and accurately evaluates a Reasonable Rent for ONE Retail Premises incorporating several recognized Valuation Methods. Such a flow-on effect would be enormous to lift Valuation Standards.

Whilst it is extremely accurate (Garbage in Garbage Out); he will not call it an AVM (‘Automated Valuation Model’) at this point; but it uses the most comparable metrics; which in effect ‘slice and dice’ and “Test” the veracity of all the metrics, which then openly and transparently link and compares evidence, the Profits Method, industry benchmarks, a newly invented Weighted Average method and Averages to the highly specific business and the site. Colour coded graphing makes reading and understanding the complex analytics, involving millions of probabilities eg. colour coding, sorting, arranging, re-arranging, etc. far easier.

In effect Mr Gilbert who is constantly frustrated by Specialist Retail Valuer inconsistencies, lack of audit and accountability, the basic elementary methodology used, which enables one to slip through the cracks, he believes that it could be done far far better. Throughout his career, he has challenged the “establishment” and all got for his efforts was a rebuke on specious grounds for challenging them[1].

His original thinking dates back to his first paper in 1993, then the subsequent definition of current market rent (Gilbert, D. 1995) now an International Standard (2000), the principles thereof are embedded into the Software. All his papers presented in Asia, Europe and Australia carry hints of his software invention.

GEM Lease Analytics? as it is called, was coded in 2010 in basic form, and continuously improved upon in bursts of enthusiasm and quietly launched in February 2021. It is on a GeneXus Platform and Amazon servers. It can be “transplanted” anywhere in the World by changing language, measurement and currency.

Security is on unique Lotus Software platform. It is a full Software as a Service.

During the process, Mr Gilbert has unearthed important information in regard to surveying / valuation / appraisal, which was first documented in 1523. Very few economists academics have touched on these things; and Mr Gilbert’s Intellectual Property fills some important gaps, which he will tease out in his book: ‘Property economics: an update from 1523’.

In more recent times, he realized that not only does the software accurately explore the points of Market Rent (IVS[2] 40.1) which more accurately enables Market Value (IVS 30.1) to a higher degree of accuracy, but it joins two other significant bodies of learning / understanding:

1.????The point where supply meets demand (Micro-Economics) for a highly specific retail site, under a highly specific retail use and what the gross effective rent ought to be; and

2.????A point where two parties to a lease, reach agreement of lease terms including the rent free from duress, misrepresentation, etc. offer and acceptance (Contract Law).

So that there is no misunderstanding, here is an extract from?Andrey Artemenkov's brilliant research: "In the valuation theory department of economics, the Transactional Asset Pricing Approach (TAPA) is a general reconstruction of asset pricing theory developed in 2000s by a collaboration of Russian and Israeli economists Vladimir B. Michaletz and Andrey I. Artemenkov.[1] It provides a basis for reconstructing the discounted cash flow (DCF) analysis and the resulting income capitalization techniques, such as the Gordon growth formula (see dividend discount model ), from a transactional perspective relying, in the process, on a formulated dynamic principle of transactional equity-in-exchange. General overview TAPA approach originates with the framing of the dynamic inter-temporal principle of transactional equity-in-exchange for buyers and sellers in an asset transaction, the essence of which is that by the end of the analysis projection period n neither party should be a losing side to the transaction, meaning that the capital of the buyer and the seller bound up in the transaction should be mutually equal at the end of Period."

https://en.wikipedia.org/wiki/Transactional_Asset_Pricing_Approach#:~:text=In%20the%20valuation%20theory%20department,Artemenkov

In effect, Mr Gilbert believes this is a leap forward in the valuation appraisal field, but he still doubts whether this profession will take innovation seriously. Whether the software and this Body of Knowledge remains within the valuation appraisal field, or whether it is sold to the accounting profession, general industry and becomes a general tool he believes is up to the profession to wake up.

Gilbert Family Pty Ltd, ACN 154 078 092, in its capacity as Trustee of Gilbert Family Trust, owns GEM Lease Analytics? https://3dretaileconomics.com.au/ software, was written to be absolutely impartial to both landlord and tenant interests, hence making it infinitely more valuable to banking, lending, landlords, tenants, the franchise industry etc.

He provides independent, impartial advice to landlords, prospective investors and tenants. If required get independent impartial legal and financial advice. Whilst he has retired he still takes on consultancy work and is in the process of marketing their Software as a Service product. It is now listed ‘For Sale’ and he believes an ideal long-term owner will be Google Maps or equivalent matching the Software to their Three-Dimensional Equivalent.

Copyright ? Donald Evan Gilbert and Gilbert Family Trust (1993 – 2023)

TITLE

‘Real Objective Intelligence that objectively challenges Artificial Intelligence (‘AI’) with FACT will make our Intellectual Property (‘IP’) even more valuable as AI becomes increasingly ‘Main Stream’. AI cannot breach highly specific methods systems processors procedures of long-established Codes Laws Treaties Norms Customary Practices Conventions without plagiarising Copyright.’

An Invention is:?“……… a unique or novel device, method, composition or process. The invention process is a process within an overall engineering and product development process. It may be an improvement upon a machine or product or a new process for creating an object or a result. An invention that achieves a completely unique function or result may be a radical breakthrough. Such works are novel and not obvious to others skilled in the same field. An inventor may be taking a big step in success or failure[4]”.?https://en.wikipedia.org/wiki/Invention

TARGET AUDIENCE

Retail Tenants, Landlords, Investors, Valuers & Property Professionals (and their Associations), Banking and Finance Industry, Regulators, Academia and other Professionals. Mediators.

AI VERSUS ESTABLISHED NORMS (POTENTIAL TO BREACH COPYRIGHT)[5]; SPECIFIC AREAS OF IP; CAPACITY TO DEVALUE OVERALL HUMAN INTELLECT / LEARNING; BIAS IN UNDERLYING CODE; ABILITY TO QUASH GENUINE INNOVATION IF IT UNCOVERS NEW METHODS SYSTEMS ETC. ITS INABILITY TO DISTINGUISH GOOD FROM EVIL

The starting point: humans are lazy. Very few of us make an effort to lift our standards and most of us, will get away with minimal effort.

Along comes AI (it has been around for seven decades aka a think group from Dartmouth University, New Hampshire, USA); a great new tool to cut reduce the drudge of learning studying getting experience making mistakes! Relearning. The essence of academia, rehashing past academics findings with one’s own with the hope of making a significant improvement over what one has been doing for years and years.

So what if over time, AI becomes widely adopted, will the human brain get smarter or recede in terms of intelligence if it is not challenged through self-learning? Being properly examined in learning institutions? Already I understand sitting watching too much Television that our IQ levels are falling.

I know within my own family, as Professors that AI is posing a problem.

It stands to reason that the World at large, if ‘spoon fed’ eg. doing assignments, not being properly examined, not even reading the material one’s AI has produced projects are being examined on has to deteriorate. And not be improved upon!

Old material, unchallenged as to its veracity, must become less reliable. The new (sic) old material is just being recycled; the quality that would flood the internet; aside from the fact it is copyrighted has to diminish. Some PhD’s do make new discoveries, but in the main are recycling their predecessors’ work and giving them kudos along the way.

The quality of the overall intelligence I believe has to decrease over time, however, AI has to accelerate that process.

According to research by Joy Buolamwini PhD from the Massachusetts Institute of Technology, in a documentary called ‘Coded Bias’[6] (2020), they show how AI primarily from the West uses facial recognition to segment and target market ‘audiences’ 95.0% skewed towards white males (the programmers); and in the East (People’s Republic of China) how its populations are being cloned towards ‘good behaviour’ and a Centralist Government!

And, what this means is that racial segregation, our female populations and Chinese ingenuity is being wedged into our lives. Think about it!

What if we become non-thinking clones of our masters; and the human brain is so “coded” that one cannot distinguish good from evil. Well neither can AI!

If AI via facial recognition is used to segment and target audiences, well every other form of our work is being “watched” by Big Brother! It is patently obvious; the flow of ‘product updates’ and us uploading photographs, mass storage of documents up into the “Cloud”; is it protected from prying eyes?

AI I believe may not / cannot breach any form of Copyrighted material, noting that even something small eg. a key table or graphing or methodology in a process, as part of a larger piece of a given work publication piece of software might be a substantial breach of copyright. AI because it is something new (sic it is seven plus decades old), and because people corporations etc. are seeking to commercialise same, believe that they can overlay age old customary practices, Treaties, Conventions, Codes, Laws, etc. whereby the product of someone else’s mind was respected in the days of Socrates is a complete lie. https://www.dhirubhai.net/pulse/public-interest-document-background-paper-12-1995-96-new-don-gilbert-1c/

It is our Intellectual Property; not theirs!

This leads one into the next important point in regard to Artificial Intelligence; if it like our biased media in the West, corrals and seeks to swing wider / mass influence in perhaps selling product, investment decisions, how one thinks, to sway political thinking, etc. (a point already proven) how much additional “value” does it place on credible unbiased, AVM’s or decision-making tools for example?

Do inbuilt biases, make absolutely independent sources, with built in checks and balances more valuable? They have to be.

THE DIFFERENCE BETWEEN INDEPENDENT TESTED UNBIASED OPINIONS (PREFERABLY FROM EXPERTS OR PEOPLE OR PERSONS WITH EXPERTISE) SOURCES: EG. UNBIASED SOFTWARE AS A SERVICE; DATA BASES; FACIAL RECOGNITION; HOW TO STOP CLONING CHINA VS ONLY GENERAL ADVICE THAT AI CAN USE EG. FROM PUBLIC SOURCES

People who follow me on Social Media (which is not something I strive for), will note I question query contra more things than I accept at face value. This does not make one popular in some circles!

That is exactly how GEM Lease Analytics? has been built. It is NOT skewed towards middle-aged white men eg. Corporate Executives as evidenced in Coded Bias, but it thoroughly “tests” the points where:

·??????Supply meets Demand and at what rent one should pay or receive for a given retail shop and what type of business model it is? Aka Micro Economic Fundamentals;

·??????Willing Informed but not Anxious Tenants offer Willing Informed Landlords leases and at what rent? Aka valuation appraisal criteria;

·??????Two parties reach fully informed agreement aka the point of Offer and Acceptance in regard to a lease / proposed lease and at what rent, the latter an important legal consideration.

To persuade a Landlord (or a Tenant) to shift a position / their position is not based on weak arguments! One needs credible relevant arms-length evidence that is not too remote (remote not as to proximal location position; but remote relevant to it being bona fide arms-length) from a lease being evaluated, and it in turn must be linked to the premises whose lease is being evaluated.

And, as I have stated many times before, a simple benchmark, an arbitrary rental rate per square metre, untested evidence not linked back to the retail shop itself, etc. etc. might persuade some, but for a cynical landlord or tenant, faced with an unrealistic untested outcome, which may have no bearing on a highly specific lease in question, how can one justify a certain or suggested outcome?

CONCLUSIONS: POINTS WHERE ONE CAN REASONABLY ASCERTAIN THAT SUPPLY MIGHT = DEMAND EQUIVALENT TO SAY CURRENT MARKET RENT CRITERIA AND OR THE MEETING OF THE MINDS WHEN ONE IS ENTERING A "CONTRACT"? IS GEM LEASE ANALYTICS??A SIGNIFICANT ADVANCEMENT WHICH INTRODUCES CONSISTENCY IN DATA METRICS USED FOR CONSISTENCY IN REPORTING VERSUS WHAT IS CURRENTLY IN USE? IS IT A SIGNIFICANT ADVANCEMENT IN TIME SAVING FOR INDUSTRY STAKEHOLDERS? DOES IT PROVIDE A FORM OF 'DECISION-MAKING TOOL' AND OR A PERMENANT RECORD ON ONE'S LEASING FILES FOR FUTURE REFERENCE (AND OR NEGOTIATION). GEM LEASE ANALYTICS? IS AVAILABLE VIA AN ANNUAL LISENCE; THROUGH VALUE ADDED RESELLERS AND OR ON A ONE-OFF BASIS; and; DOES IT LEAD TO UNBIASED OUTCOMES?

It cannot be overstated; every aspect of GEM Lease Analytics? is a thoroughly copyrighted invention owned by the Author and or his interests.

Only GEM Lease Analytics? can link the Data Metrics to the step-by-step methodology, to Evaluate a Reasonable Rent for ONE Retail Lease.

The Author did not?intentionally go out to Invent something; or commercialise it.?It happened by chance, necessity and his decision to commercialise it was to provide stakeholders?with methods systems processes procedures that are?vastly superior?to anything in existence, whereby existing methodology is open to abuse cheating lying manipulation etc. and it can “ test” scrutinize those who lie / cheat!

If a client is prepared with their relevant data, with correct inputs, GEM Lease Analytics? will return a full Report, Tables Report (one’s reference to one’s inputs relied upon) and the Graphs Report in circa 60.0 minutes to one and a half hours.

All ‘Draft” reports submitted by clients are placed into a 'Holding Area' for 'Peer Review' which we do / can do. One can quite easily pick up patently obvious input errors and or omissions and the software was programmed for clarity and integrity.

Once in a Holding Pattern (before final submission for Publishing; it then locks in the final report); one can still update a key metric: eg. wrong floor area of subject premises; sorry we understated / overstated future maintainable sales, etc.

The Software will then update every single metric; report; tables; graphs in less than a second. Current methodology could see one taking days to update same.

Refreshing the data library is up to Industry itself for satisfactory outcomes. Just three pieces of bone fide arms-length “evidence” in the data library say from five or ten fashion stores, supermarket groups, pharmacies, butchers, takeaway stores, etc. refreshed every six months by clients can then each be shared without any real threat to one’s data security! The benefit hugely exceeds any potential cost.

We can pretty up our Graphing, our reports, our presentation. We can “pretty up” our Webpage. If Governments / Landlords / Tenants / Bankers / the Franchise Industry want to continue to throw their money away whereby?billions and billions of dollars?are wiped out due to its dysfunctionality they are free to do that.

Market Value fundamentals that are the building blocks off Market Rent have to be far far more sound than Market Value off engineered outcomes. The GFC is recent proof of that!

Our very valuable product is on the market as we are too small to take it to a higher level eg. will it end up being Commercialised by Google Microsoft and or LinkedIn or similar.

We have taken responsibility to bring you a FANTASTIC INVENTION. It is up to you to decide to use it.?

See above ? 1993 – 2023 Donald E Gilbert and Gilbert Family Trust Pty Ltd as Trustee for Gilbert Family Trust?

DG 24/6/2023

[1] https://www.queenslandjudgments.com.au/caselaw/qcat/2016/531

[2] International Valuation Standards

[3] Gilbert Family Pty Ltd, ACN 154 078 092, in its capacity as Trustee of Gilbert Family Trust, owns GEM Lease Analytics? software as well as the copyrights and intellectual property rights upon which it is based. It has granted an exclusive worldwide license to 3D Economics Pty Ltd to market, promote, sell and support GEM Lease Analytics?. Gilbert Evaluation Methodology?, GEM Method?, GEM?, GEM Lease Analytics?, GEM Analytics?, GEM Lease Evaluation?, GEM Lease Eval?, GEM Lease Wizard? and Lease Wizard? are Trademarks of Gilbert Family Pty Ltd in its capacity as Trustee of Gilbert Family Trust.

[4] Eg. To what extent has one put all one’s money into a venture?

[5] Age old customary practices, Treaties, Conventions, Codes, Laws, etc.

[6] https://www.netflix.com/au/title/81328723

[7] ‘‘“Background Paper 12 1995-96 New Ideas, Old Laws: Copyright, Patents, Trade Marks and Designs, and How to Avoid Plagiarism’ Brendan Bailey Law and Public Administration Group

18 June 1996