IN2MEDIA - 01.12.16

Highlights from Web Summit 2016

RASMUS NØRGAARD ABEL

Blockchain and the state of Fintech

• Blockchain is the talk of the town

• Banks face becoming nothing but vaults of money

• What else WebSummit had to offer

LESSONS LEARNED

• Biggest application of blockchain is the blockchain itself due to the bitcoin trading

• Most disruptive technologies start off by being worse than what they are replacing. Fintech is trying to replace regular databases with blockchain in places that don’t need it.

• The Facebook of Blockchain is yet to be invented

WE HAVEN’T SEEN ANYTHING YET

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Micah Winkelspecht, CEO Gem

“People have to stop thinking about blockchain as fintech; it's not fintech, it's about how do we build a global computer.”

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Chris Skinner, Author & financial commentator

“So, here’s the scenario in the very near future: Your fridge is ordering groceries from the supermarket, your car auto-refuels as it self-drives the highways and so on.”

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Don Tapscott, Author, Blockchain Revolution

“The biggest problem has to do with governance. This new community is in its infancy. The whole world of blockchain is The Wild West.”

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Don Tapscott, Author, Blockchain Revolution

“Maybe this technology is going to displace a lot of humans from jobs. Maybe this whole new platform is the ultimate job-killer.”

• AI is gonna eliminate a lot of manual labour

• The big firms have the same amount of employees that they did 10 years ago even though automation has increased a lot. They are just rebalancing their workforce

• A third of Goldman Sachs 30.000 employees are engineers. They are preparing for the future

• Emerging markets might not create the technology, but they might need it the most

LARGE COMPANIES ARE RESTRUCTURING TO ACCOMMODATE THE NEW STATE OF PLAY

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Don Tapscott, Author, Blockchain Revolution

“Imagine a world where foreign aid didn’t get consumed in the bureaucracy but went directly to the beneficiary under a smart contract.”

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Susanne Tarkowski Tempelhof, Founder Bitnation

“It works like a mini ‘web-of-trust’ where family members have to verify being each others family members through private/public key cryptography.”

• 2nd quarter in 2016 dropped 45 % in fintech investments

• PropTech and RegTech are the new kids on the block

• InsureTech is also something new we’er gonna hear more about

INVESTMENTS IN FINTECH ARE STAGNATING AND NEW AREAS ARE BEING EXPLORED

• The question is what the roles of banks are gonna be in 5-10 years? Holding firms?

• What happens when Amazon, Samsung, Google or Apple enters the banking space. What happens then?

• Collaboration is the term banks use when they feel their losing

BANKS FACE BECOMING NOTHING MORE THAN VAULTS OF MONEY

“Your next honeymoon might be going to the moon” - Naveen Jain, CEO Moon Express

• In the next two years, both BlueOrigin and SpaceX will take us to sub-orbit. In 10-15 years, normal people can going to the moon

• The cost will in the long run fundamentally not be bigger than going from LA to New York

• Go to the moon for the weekend to have fun

• Colonize the moon, which is a nice stepping stone for Mars.

• By 2050, have a settlement on Mars, discovered life in space and found out more about our origins.

THE FUTURE OF SPACE TOURISM IS HERE

“What’s the Pokemon app of the moon gonna be like?” - Naveen Jain, CEO Moon Express

JESPER ARVIDSON

AI, robots … & emotions

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https://en.wikipedia.org/wiki/Artificial_intelligence

Every aspect of learning or any other feature of intelligence can be so precisely described that a machine can be made to simulate it.

What about ethics? Try it for yourself - it is harder than you think!

http://moralmachine.mit.edu

THE UNCANNY VALLEY

SAYGIN (2012)

MARTIN SVENDSEN

Hvordan ser dit job ud i fremtiden?

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– The Guardian, Thursday 25 June 2015

Apple’s early-adopting, outspoken co-founder Steve Wozniak thinks humans will be fine if robots take over the world because we’ll just become their pets.

Apollo 11 Star Wars C64Palm

Iphone

Atlas

Alpha Go

1969 1977 19821996

2007

2015

2016

Level 1

Level 2

Level 3

Level 4

Level 5

Human decision making

AI recommendation

AI decision - Human supervision

AI decision on routine tasks

AI decision

AGENDA

1

2

3

Hvad er det for en udvikling, vi ser?

Er det en reel trussel?

Hvad betyder det for fremtidens arbejdsmarked?

HVAD ER DET FOR EN UDVIKLING, VI SER?

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– Martin Hoffman, COO of VolksWagen - The AI driven company

In 10 years, our office space will look like our production line (in terms of automation).

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– Rana el Kalibouby. Co-founder and CEO, Affective. “Farewell, The age of human supremacy”

Emotions will play a role in designing the AI’s of the future.

TWITTER LÆRTE MICROSOFTS AI CHAT BOT TAY AT VÆRE ET RACISTISK RØVHUL PÅ MINDRE END 24 TIMER

TÆNK OVER DET NÆSTE GANG I OVERVEJER EN CHATBOT ELLER AI TIL KUNDESERVICE

Think of items as employees in the company of you

– Jim Hunter, Chief Scientist Greenware Systems. “Are smart homes overhyped and risky?”

SÅ! ER DETR EN REEL TRUSSEL MOD VORES JOBS?

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– Prof. Andrew McAffee MIT - future of the worker

Projection is hard because AI is too stupid.

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– William Webb, CEO, Weightless SIG

Getting them all to play ball is really difficult, and there isn't a framework to make them do it.

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– William Webb, CEO, Weightless SIG

Unfortunately you're seeing more of that on the bad guy side itself, using AI techniques and machine learning to make malware easier to use. AI and ML tools are becoming part of a weapons set on both sides.

HVAD SKAL VI GØRE?

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– Diane Greene, senior vice president of Google, speaks at the Code Enterprise conference in San Francisco on November 15, 2016

Think it’s really incumbent on us to get the education out there to make sure everyone is digitally literate, because that’s where the divide is, and because if you’re digitally literate, you’re going to have jobs

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– Bishop Paul Tighe, Culture Secretary, The Vatican. “Preaching to the converted”

Technology will not create trust. We need to change human hearts.

1. Det kan komme til at tage længere tid, end vi tror. Der er meget delte meninger om, hvor lang tid der kommer til at gå.

2. Arbejderen er ikke færdig, men skal have andre færdigheder.

3. Som mennesker bliver vi ansvarlige for maskinernes virke.

4. En digital grundlære og evne til at navigere i den digitale verden er måske den vigtigste pointe at tage med hjem. Både for at forstå området, mulighederne og ikke mindst at punktere hypen.

KONKLUSION

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