Some of the world’s most prominent AI and high-tech leaders assembled in Asilomar, California this January, to discuss opportunities and challenges related to the future of AI and steps we can take to ensure that the technology is beneficial for everyone. Among the 150 participants were IIIM’s Director Kristinn R. Thórisson, Tesla CEO Elon Musk, DeepMind founder Demis Hassabis, inventor Ray Kurzweil and Alphabet Chairman Eric Schmidt.
The five-day conference, titled ‘Beneficial AI 2017’ (BAI), was hosted by The Future of Life Institute and brought together a select group of AI researchers and thought leaders from academia and industry. The question of how to align artificial intelligence with human values was tackled from different angles, drawing on the attendees’ broad range of expertise in economics, law, ethics, and philosophy.
The balance of power referred to in the article denotes the diminishing disparity between nations in terms of military power, economic power and cultural influences. It is a disparity made possible by pioneering and monopolizing a technology and tactics which gives those in favour an immediate advantage over those who do not possess the same assets.
Threadneedle was featured today in Morgunblaðið (Morning Paper) with an interview with IIIM’s Dr. Jacky Mallett – the scientist behind the software.
Threadneedle is a simulation framework developed to explore the behaviour of the banking system. It is based on a double entry book-keeping engine which reproduces the same monetary transactions used in modern banking. Threadneedle is the world’s first ‘atomic level’ simulation of the banking and financial system, and is meant to help us understand how the underlying mechanisms of the monetary system influence the behaviour of the whole economy.
Dr. Mallett goes over what initially led her to work on the simulation and how it could benefit regulators and economists of the future.