Catalyst Series: Transforming The Global Digital Economy with Generative AI organized by Securities Commision Malaysia and The Hive.
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source
date: 2024-07-30 03:22:26
duration: 01:02:22
author: UC5dYmq91e5_g54krpO06NJw
Summary:
The transcript is from a live recording of a conference titled "Catalyst Series: Transforming the Global Digital Economy with Generative AI." The event is focused on exploring the potential of generative AI in the digital economy, particularly in the field of DeFi (Decentralized Finance).
The first speaker, the Chairman of the Securities Commission Malaysia, highlights the importance of innovation and collaboration in the corporate world. He mentions the benefits of generating new revenue streams through AI adoption and the need for effective risk management in the digital economy. He emphasizes the need to ensure accountability and transparency in AI development and deployment.
The Deputy Minister of Digital, Wilson, takes over with an engaging presentation on the potential impact of generative AI on various industries, including finance, entertainment, and healthcare. He notes that AI has the potential to create a new language and that humans will likely adapt to using a more efficient language. He also emphasizes the need to address wealth inequality and focus on inclusive innovations that benefit the global South.
The panel discussion continues with a call to action for regulators, corporates, and innovators to work together to drive digital transformation and ensure that AI is used responsibly. The Deputy Minister also emphasizes the importance of developing local talent and capabilities in AI to position Malaysia as a leader in the global AI landscape.
Interesting DeFi facts:
- DeFi (Decentralized Finance) is a rapidly growing field, with a potential market size of $1 trillion by 2025.
- Generative AI, a type of AI that can generate new and original content, has the potential to disrupt various industries, including finance, entertainment, and healthcare.
- Malaysia is actively promoting its position as a leader in AI, with a focus on developing local talent and capabilities.
