August 04, 2010

Techonomy Plenary Session - Philosophy and Turning the World to a Techonomic Direction

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Technology and Innovation in all things
Techonomy = Technology (invention) and economics
The three founders (David Kirkpatrick, Brent Schlender and Peter Petre) and Bill Joy was a key advisor. Partnering with 100 people and Intel.
Kaplan creating Techonomy courses and integrating into business courses.
Challenges (resource depletion, climate change, etc...)

Optimistic about the networked society (multiplier of collective capability)
They are referring to it as cumulative IQ and collective intelligence.

Popular Techonomy: Can the world be turned in a techonomic direction?

Tweet your questions to :
Deborah Hopkins, Citi
Kevin Kelly, Author, What Technology Wants
Lisa Randall, Harvard University
Eric Schmidt, Google

Moderator: David Kirkpatrick

Kevin Kelly - technology is the most powerful force in the world.
Law can be technology, not just the hard stuff.
What we are making is interdependent and form an emerging and dynamic thing
We have invented ourselves
The first animal that we domesticated was humans
We are the masters and the children of technology
It has agency. If it has agency then what does it want

Deborah Hopkins (Chairman, Venture Capital Initiatives and Chief Innovation Officer Citi)

Future is about partnership and collaboration
Bring capabilities to customers, clients and cities. Cities is a future focal point beyond countries.
New approach to transportation.
Engage with people on the move. Systems design. Redid consumer banking approach in Japan. 150 processes down to 12

Eric Schmidt of Google
Assume that people are not ready for the technology that is coming. Every two day we create as much information as was created by all of humanity up to 2003.

Smartphone location devices can say where you are and you can tell your friends. With AI can predict where you will go with high accuracy. With 14 photos we can with high accuracy determine who you are.

Fundamental societal issues

technology can allow you to actually confirm information and events instead of just estimates. You can know what servers and products were delivered and whether they were used.

Lisa Randall (Harvard University)

Theoretical physics.
Basic physics discoveries led to a lot of technology. Computers and internet.

moderator - Is there enough research going into basic science ?

Trend has been to get more applied but sometimes going direct is more incremental and slow but sometimes the big changes come from serendipitous discovery from broader research.

Citi is trying to figure out what is the future of money. Concentrating on helping people make better decisions and enable more responsible usages of money.

Eric Schmidt - On balance technology is positive -
Need more transparency and no anonymity to help prevent the downsides.
Need to have accountability
Need a name service for humans
Information is too powerful and too easily misused.
Kelly - we need absolute customization and personalization. Again echos the need for transparency.
Schmidt - Technology is power laws and optionality to create flaws and chaos.
Who is against it ? Autocratic governments etc...
there is also valid pushback from individuals.

Kelly - But there is on balance very little resistance.
Schmidt - Tech threatens incumbancies (the power of incumbancies).
30% of energy is for technology (data centers, TVs, devices, lights etc...)
Energy is mostly (75-80% or so from extractive sources)

What about health, opting for simplicity, wisdom, beauty
There is an off button. Schmidt - I can go offline for 90 minutes, have a nice dinner.
Moderator - can you go offline for two days ?
Schmidt - no, 90 minutes

Kelly - If we can just create 1% more than we destroy with technology or have more benefits than downsides then it will compound and create civilization.
Empowerment at the scale of the individual

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