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Technology in Business Law by Ammar Younas
- 1. Technology in Business Law (Part1) Ammar Younas
- 3. Luddites A member of a group of English workers who destroyed machines – especially in cotton and wool mills – that they believed threatened their jobs (1811-1816) Those who oppose new technology or ways of working
- 4. Overview of the Technology in Business Law What is Technology in 21st Century? How FinTech is changing the concept of Business? Do we need Lawyers in the era of LegalTech?
- 6. Digital Personhood / Legal Personality
- 7. How Karl Lagerfeld’s cat Choupette, already a millionaire, could become the richest feline on the planet https://www.scmp.com/news/world /europe/article/2186865/how-karl- lagerfelds-cat-choupette-already- millionaire-could-become
- 8. South Asia Under Imperialism 7500 Acres to maintain 180 mares. 40 Acres per Mare Source: The Punjab Under Imperialism, 1885-1947 Authors: Imran Ali
- 9. Dolphins should be treated as non- human "persons“ • https://www.bbc.com/news/worl d-17116882
- 10. The Legal Personality of Rivers • “When legal personality is granted to rivers, however, certain ‘best-placed’ persons are enabled to represent the interest of the river.” http://www.emahumanrights. org/2019/01/16/the-legal- personality-of-rivers/ https://www.youtube.com/wat ch?v=Z7n00z_34ck
- 11. AI engineer builds and marries his robot wife • https://mashable.com/2017/04/04/engine er-marries-robot-wife/ • The Extension of Legal Personhood in Artificial Intelligence http://revistes.ub.edu/index.php/RBD/articl e/view/27064
- 12. Intention, Agency, Mens Rea and Criminal Liability • https://observer.com/2019/11/elon-musk-brain- chip-startup-neuralink-ai- interface/?fbclid=IwAR0I4xHPDxsgOS5ivWHIdh7Fk QUmVwP1QL50edo4pVenhp9zaN8SXIwg2DU
- 13. 21st Century Technologies •AI •5G •Blockchain •Big Data •Cloud Computing
- 14. Artificial intelligence What is “artificial intelligence”? No single definition Narrow AI – addresses specific applications General AI Will it be like science fiction?
- 17. Superintelligence What do we mean by “superintelligence”? Machines have many fundamental advantages which give them overwhelming superiority over humans Biological humans will be outclassed
- 18. Speed superintelligence A system that can do all that a human intelligent can do, but much faster Read thousands of books and write entire PhDs in an afternoon The world of humans would look like slow motion Superintelligence
- 19. Collective superintelligence A system composed of a large number of smaller intellects such that the system’s overall performance across many very general domains vastly outstrips that of any current cognitive system Aggregation – imagine 700,000 Newtons or Einsteins Superintelligence
- 20. Quality superintelligence A system that is at least as fast as a human mind and vastly qualitatively smarter In the same way that human intellect is qualitatively different to that of chimps or fish or dogs, machines may have a different quality of intellect Superintelligence
- 24. Superintelligence Village idiot Albert Einstein Spectrum of intelligence
- 25. Village idiot Albert Einstein Superintelligence Spectrum of intelligence
- 26. Village idiot Albert Einstein Development of machine intelligence Flea Chimp Mouse Superintelligence
- 28. Superintelligence An explosion of artificial super-intelligence that will far surpass all human intelligence, triggering runaway technological growth and unfathomable changes to civilization
- 29. Superintelligence Tell me the year you think that there will be a 50% chance think that machines will have “human level intelligence” You can define this however you wish One possible definition: the machines will outperform the best current human minds across many very general cognitive domains
- 31. Machine superintelligence will be the last invention humans will need to make Superintelligence
- 32. Titan the Robot (Expressive Act) 5G Powered AI
- 33. 5G and Internet of Things https://www.youtube.com/watch?v=ZTM9GA-4nBA
- 34. Smart City
- 35. Smart contracts
- 36. Intermediaries (middle men) such as banks, credit card companies to provide the trust Security issues – can be hacked Some can’t afford banking Take a large slice of the money Potential for privacy valuations
- 37. Blockchain can help provide the level of trust without the use of large financial intermediaries Essentially, a (decentralized) ledger that allows a number of computers to keep an identical record of information, without reference to a central master copy Not possible to change or delete every copy on everyone’s computer – thus, reinforcing trust
- 41. Big data is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software. Netflix is a good example of a big brand that uses big data analytics for targeted advertising. UOB bank from Singapore is an example of a brand that uses big data to drive risk management. PepsiCo is a consumer packaged goods company that relies on huge volumes of data for an efficient supply chain management.
- 42. Cloud Computing The practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer.
- 44. Technology in Sales and Digital Business
- 45. What if goods seems to exist?
- 46. Is buyer (User) ‘s data is protected? Is there a risk for buyer? Data Privacy and Protection
- 49. Social Media Sale of Goods (Facebook Marketplace)
- 50. https://www.youtube.com/watch?v=VWFefnzUXno https://www.nytimes.com/2019/10/23/technology/facebook- zuckerberg-libra-congress.html • Facebook’s Zuckerberg, Accused of Lying, Withstands a Washington ‘Beating’
- 52. E-Commerce
- 53. Multi-level Marketing (MLM) or network marketing Social Networking Marketing
- 56. Upcoming Case Laws (Electronic Payment)
- 58. Duty to Deliver Goods vs Labor Market • Job Protection of Employees (Employers Duty of Care) • Concept of Ethical Goods
- 60. Buyers are willing to share the risk (If corresponds with sample of not)
- 65. FinTech
- 66. FINTECH IS REACHING A BOILING POINT Source: William Garrity Associates, Google $49.7 billion was invested globally on fintech in the last 5 years. As a search term, ”fintech” has risen 1,300% on Google over the past year.
- 67. GLOBAL FINTECH FINANCING ACTIVITY HAS SKYROCKETED Global Fintech Financing Activity $Billions Source: BI Intelligence estimates based on CB Insights data, Accenture, KPMG $1.9 $2.1 $2.8 $4.3 $12.2 $20.0 2010 2011 2012 2013 2014 2015
- 68. WHAT IS FINTECH? Fintech: n. A blanket term for disruptive technologies affecting the financial services industry.
- 69. THERE ARE LOTS OF CONCERNS ABOUT THE FINTECH INDUSTRY Sources: Bloomberg, AdviseOnly, The New York Times It’s a bubble that’s about to burst. It’s an over-used buzzword. Banks are too entrenched to be disrupted.
- 70. BUT THE REALITY IS… Banks have massive, entrenched, and inefficient infrastructure that is difficult to overcome. Top 20 US banks have nearly $10 trillion in assets* *Source: US Federal Reserve
- 71. ENTRENCHED INFRASTRUCTURE MAKES UPGRADES DIFFICULT Sources: istock, REUTERS/Stringer The New York City subway and a centuries-old bank aren’t so different…
- 72. THE REALITY IS… The current customer experience is outdated — consumers now expect their financial experiences to be: Mobile Personalized Customizable Accessible
- 73. FINTECH CAN DISRUPT ANY AREA OF BUSINESS Back-Office Middle-Office Front-Office
Editor's Notes
- Fate of chimpanzees – only a few differences in the brain – 250,000 generations of change.