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The Economics of Intelligence

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“It’s a technology company, not an intelligence agency or an international diplomatic corps…”

Yet… The reality is that if you’re at the helm of a machine that has two billion screaming, whiny humans, it’s basically impossible to predict each and every possible nefarious use case,” said Antonio García Martínez, author of the book “Chaos Monkeys” and a former Facebook advertising executive. “It’s a Whac-a-Mole problem.”*

David Garrity, CEO of GVA Research, presented The Economics of Intelligence at the 2017 World Summit on Innovation and Entrepreneurship. The World Summit on Innovation & Entrepreneurship (#theWSIE) is an annual gathering of disruptors and game-changers innovating the future of business and society. David joined experts including Richard Boly, Former US Diplomat , Marcus Weldon, President of Bell Labs and Corporate CTO of Nokia, Stefanie Tompkins Acting Deputy Director Defense Advanced Research Projects Agency (DARPA), Nicola Morini, Chief AI Strategist at Accenture.

Video can be found here:
https://vimeo.com/237160372

Published in: Technology
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The Economics of Intelligence

  1. 1. {{The Economics of Intelligence}} David Garrity, CEO, GVA Research 1
  2. 2. {{Does intelligence = wisdom?}} 2
  3. 3. {{Facebook’s Frankenstein Moment}} “It’s a technology company, not an intelligence agency or an international diplomatic corps” “The reality is that if you’re at the helm of a machine that has two billion screaming, whiny humans, it’s basically impossible to predict each and every possible nefarious use case,” said Antonio García Martínez, author of the book “Chaos Monkeys” and a former Facebook advertising executive. “It’s a Whac-a-Mole problem.”* *https:/nytimes.com/2017/09/21/technology/facebook-frankenstein-sandberg-ads.html 3
  4. 4. {{The need for accountability}} “Personally, I think the idea that fake news on Facebook, which is a very small amount of the content, influenced the election in any way — I think is a pretty crazy idea,” Zuckerberg said at a tech conference days after last year’s presidential election. Since then, he has slowly — too slowly — come around to the idea that social media may not be the force for good in the world that he and other optimists always promised.* *https://www.nytimes.com/2017/09/22/technology/mark-zuckerberg-facebook-russian-ads.html 4
  5. 5. {{Can we become wise?}} “Leveraging algorithms both as practical tools and conceptual levers—as forces of positive disruption—is no small task. But it doesn’t seem out of reach. Priorities, requirements and pathways start to be visible. Big Data could be used to grease the gears of democracy by giving greater control to people over the use of the most valuable resource of the 21st century: their data”* *http://datapopalliance.org/item/leveraging-algorithms-for-positive- disruption-on-data-democracy-society-and-statistics/ 5

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