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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
“
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.”
“
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.”
“
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.”
“
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
“
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.”
“
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
“
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?
“
– 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 C64
Palm
Iphone
Atlas
Alpha Go
1969 1977
1982
1996
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?
“
– 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).
“
– 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?
“
– Prof. Andrew McAffee MIT - future of the worker
Projection is hard because AI is too stupid.
“
– 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.
“
– 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?
“
– 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
“
– 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
Tak for i dag

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Guldkorn & Kaffe I Highlights fra Web Summit 2016

  • 1. IN2MEDIA - 01.12.16 Highlights from Web Summit 2016
  • 2. RASMUS NØRGAARD ABEL Blockchain and the state of Fintech
  • 3. • Blockchain is the talk of the town • Banks face becoming nothing but vaults of money • What else WebSummit had to offer LESSONS LEARNED
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  • 22. • 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
  • 23. “ 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.”
  • 24. “ 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.”
  • 25. “ 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.”
  • 26. “ 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.”
  • 27. • 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
  • 28. “ 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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  • 31. “ 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.”
  • 32. • 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
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  • 34. • 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
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  • 38. “Your next honeymoon might be going to the moon” - Naveen Jain, CEO Moon Express
  • 39. • 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
  • 40. “What’s the Pokemon app of the moon gonna be like?” - Naveen Jain, CEO Moon Express
  • 41. JESPER ARVIDSON AI, robots … & emotions
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  • 43. “ 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.
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  • 47. What about ethics? Try it for yourself - it is harder than you think! http://moralmachine.mit.edu
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  • 77. MARTIN SVENDSEN Hvordan ser dit job ud i fremtiden?
  • 78. “ – 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.
  • 79. Apollo 11 Star Wars C64 Palm Iphone Atlas Alpha Go 1969 1977 1982 1996 2007 2015 2016
  • 80. 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
  • 81. AGENDA 1 2 3 Hvad er det for en udvikling, vi ser? Er det en reel trussel? Hvad betyder det for fremtidens arbejdsmarked?
  • 82. HVAD ER DET FOR EN UDVIKLING, VI SER?
  • 83. “ – 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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  • 86. “ – 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.
  • 87. TWITTER LÆRTE MICROSOFTS AI CHAT BOT TAY AT VÆRE ET RACISTISK RØVHUL PÅ MINDRE END 24 TIMER
  • 88. TÆNK OVER DET NÆSTE GANG I OVERVEJER EN CHATBOT ELLER AI TIL KUNDESERVICE
  • 89. Think of items as employees in the company of you – Jim Hunter, Chief Scientist Greenware Systems. “Are smart homes overhyped and risky?”
  • 90. SÅ! ER DETR EN REEL TRUSSEL MOD VORES JOBS?
  • 91. “ – Prof. Andrew McAffee MIT - future of the worker Projection is hard because AI is too stupid.
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  • 94. “ – 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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  • 96. “ – 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.
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  • 98. HVAD SKAL VI GØRE?
  • 99. “ – 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
  • 100.
  • 101. “ – Bishop Paul Tighe, Culture Secretary, The Vatican. “Preaching to the converted” Technology will not create trust. We need to change human hearts.
  • 102.
  • 103. 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
  • 104. Tak for i dag