AmCham Industry Series

Blockchain, Cyrptocurrency and AI drive capatalism

AI Driven Capitalism: “What role will Australia play, if any, in creating a credible and trusted AI driven finance and investment platform for this region?”

 
Professor Alex 'Sandy' Pentland of MIT Connection Science recently curated Imagination in Action at Davos 2020. We are experiencing a brave new world where our traditional methods for trading are being replaced by blockchain. 
  
People around the world are realizing that AI-driven capitalism requires crafting a new sort of social contract, and the balance must be restored by constructing institutions and laws that control rights, ownership, and use. 
  
This discussion will cover what is happening around the world with cryptocurrency and what governments are doing, or not doing, to ensure they keeping across technology and providing solutions for digital privacy, cybersecurity and transparency.
  
Professor Pentland directs MIT Connection Science, an MIT-wide initiative, and previously helped create and direct the MIT Media Lab and the Media Lab Asia in India. He is one of the most-cited computational scientists in the world, and Forbes recently declared him one of the "7 most powerful data scientists in the world". He is on the Board of the UN Foundations' Global Partnership for Sustainable Development Data, co-led the World Economic Forum discussion in Davos that led to the EU privacy regulation GDPR, and was central in forging the transparency and accountability mechanisms in the UN's Sustainable Development Goals. Previously he was member of advisory boards for the American Bar Association, and previously for Google, AT&T, and Nissan. He is a serial entrepreneur who has co-founded more than a dozen companies, a member of the U.S. National Academies and leader within the World Economic Forum.

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