Artificial intelligence (AI, also machine intelligence, MI) is intelligence demonstrated by machines, in contrast to the natural intelligence (NI) displayed by humans and other animals. In computer science AI research is defined as the study of intelligent agents: any device that perceives its environment and takes actions that maximize its chance of successfully achieving its goals.
What is a 'Beneficial Owner'. A beneficial owner is a person who enjoys the benefits of ownership even though title to some form of property is in another name.
trust must have a specific purpose, a designated beneficiary, and specific duties for the trustee as designated by the grantor. Every trust has the following: â¢ The person creating the trust, called a grantor, trustor, settlor, or maker. â¢ The party the grantor names in the trust to care for and manage the trust property, called a trustee. There may be one or several trustees. The trustee may be an individual or a corporation. â¢ The party for whose benefit the trust was created is called the beneficiary. The beneficiary receives the income from the trust.