Big Data, Machine Learning/AI, and Digital Money: How are they Changing Everything?

Date: Monday, February 3, 2020
La Jolla, CA

$75.00

Register today to join GIC in La Jolla, CA for a conference on the changes made by artificial intelligence and digital money!

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Event Detail

Big Data, Machine Learning/AI, and Digital Money: How are they Changing Everything?

How are Machine Learning and AI transforming our economy? Who owns your personal data, or “digital exhaust?” Should we embrace these new capabilities or fear them? Can machines learn finance?  Will the central banks lose control of money to private digital money, or will they create and control digital money? How will the current payments systems and institutions change? Join the Global Interdependence Center on February 3, 2020 in La Jolla, California as industry and central bank expert panels answer these questions and Raphael Bostic, the President and CEO of the Federal Reserve Bank of Atlanta, gives the keynote speech. GIC is delighted to once again work with the University of California, San Diego Rady School of Management to bring our programming to the West Coast.

Continuing Education: Attendees of this conference can receive continuing education credit from the Certified Financial Planner Board for 3 credit hours. Please email Colleen at [email protected] for more details.

Agenda

9:00 a.m. | Registration

9:15 a.m. | Welcome

  • Michael Melvin, Executive Director, Master of Finance Program and Pacific Center for Asset Management, UCSD
  • Stephen Sexauer, Chief Investment Officer, The San Diego County Employees Retirement Association

9:30 a.m. | Big Data, Machine Learning, and Artificial Intelligence: Embrace Them or Fear Them?
Moderator: Don Rissmiller, Chief Economist, Strategas Research Partners and GIC Chair Emeritus

  • Almost all aspects of our lives and environment are digitized and captured by a sensor, camera, or algorithm. Will this data and artificial intelligence make our lives better, safer, and healthier? Should we fear robots, job-replacing algorithms, and a surveillance economy? How do we control all this?
    Speaker: Preston McAfee, Former Corporate Vice President and Chief Economist, Microsoft Corporation
  • How does your body’s internal data generate a digital twin? The coming game changer for medicine and wellness. How can a network of sensors help us monitor and manage natural disasters, like the recent California fires?
    Speaker: Larry Smarr, Professor, UCSD Jacobs School of Engineering and founding Director of the California Institute for Telecommunications and Information Technology (Calit2)
  • China 2025: China’s race to be the world leader in AI. Who’s ahead? Who wins? Does it matter?
    Speaker: Leland Miller, Chief Executive Officer, China Beige Book International

11:00 a.m. | Can Machines Learn Finance? Will “Algos” Replace People? Evolution or Revolution?
Moderator: Professor Michael Melvin, Executive Director, Master of Finance Program and Pacific Center for Asset Management, UCSD

  • Machine learning—what’s new, what’s centuries old. Will machine learning algorithms change how markets work?
    Speaker: Bryan Kelly, PhD, Professor of Finance at Yale and Head of Machine Learning at AQR
  • Practical limits to big data, machine learning, and AI in managing portfolios
    Speaker: Michael Heldmann, PhD, Managing Director, Allianz Global Investors
  • Using alternative data and machine learning to forecast returns in active portfolio management
    Speaker: Ronald Kahn, PhD and Global Head of Scientific Equity Research, Blackrock

12:30 p.m. | Lunch

1:30 p.m. | Keynote Presentation

  • Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta
    Followed by a Q&A with Stephen Sexauer, Chief Investment Officer, The San Diego County Employees Retirement Association

2:30 p.m. | Central Banks and the Rise of Private Digital Money
Moderator: Dave Altig, Executive Vice President and Director of Research, Federal Reserve Bank of Atlanta

  • Digital money and crypto currencies: Are they money? Securities? ETFs? Funds? Transaction platforms?
    Speaker: Dave Nadig, CIO & Director of Research, ETF Trends & ETF Database
  • When central bank-issued money competes with private-issued money, what happens?
    Speaker: Scott Hendry, Senior Special Director, Financial Technology, Bank of Canada
  • Private digital money: Stable Coin
    Speaker: Warren Weber, Retired Senior Research Officer, Federal Reserve Bank of Minneapolis & Visiting Scholar, Federal Reserve Bank of Atlanta
  • Money, stablecoins, and anonymity. Private and central bank digital currency. Monetary policy in a world of digital money and five billion internet users.
    Speaker: Jamie McAndrews, CEO of TNB USA Inc. & Fellow of Wharton Financial Institutions Center. Former Research Director of the Federal Reserve Bank of New York

4:00 p.m. | A Summary of the Day: Key takeaways and Questions

  • Preston McAfee, Former Corporate Vice President and Chief Economist, Microsoft Corporation
  • Dave Altig, Executive Vice President and Director of Research, Federal Reserve Bank of Atlanta

4:30 p.m. | Adjournment

Event Location

Date: Monday, February 3, 2020 Time: 9:00 AM - 4:30 PM

The Conrad Prebys Performing Arts Center
7600 Fay Ave, La Jolla, CA 92037

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Speakers

Raphael W. Bostic

Raphael W. Bostic

President and CEO, Federal Reserve Bank of Atlanta

Dr. Raphael W. Bostic took office June 5, 2017, as the 15th president and chief executive officer of the Federal Reserve Bank of Atlanta. He is responsible for all the Bank's activities, including monetary policy, bank supervision and regulation, and payment services. In addition, he serves on the Federal Reserve's chief monetary policy body, the Federal Open Market Committee (FOMC).

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David E. Altig, Ph.D.

David E. Altig, Ph.D.

Executive Vice President and Director of Research, Federal Reserve Bank of Atlanta

Dr. David E. Altig is executive vice president and director of research at the Federal Reserve Bank of Atlanta. In addition to advising the Bank president on monetary policy and related matters, Dr. Altig oversees the Bank's regional executives and the Bank's research department.

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Michael Heldmann, Ph.D.

Michael Heldmann, Ph.D.

Managing Director, Senior Portfolio Manager, Best Styles US Equity Head of Best Styles North America, Allianz Global Investors

Mr. Heldmann is a senior portfolio manager, Head of Best Styles North America and a managing director with Allianz Global Investors, which he joined in 2007.

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Scott Hendry

Scott Hendry

Senior Special Director, Bank of Canada

Dr. Hendry was appointed Senior Special Director of Financial Technology (FinTech) in the Funds Management and Banking Department of the Bank of Canada in June 2016. In this role, he oversees the Bank’s efforts to monitor and research developments and implications of new technologies affecting the financial sector.

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Ronald N. Kahn, PhD

Ronald N. Kahn, PhD

Global Head of Systematic Equity Research, BlackRock

Ronald N. Kahn, PhD, Managing Director, is Global Head of Systematic Equity Research at BlackRock. He has overall responsibility for the research underpinning the Systematic Active Equity (SAE) products.

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Bryan Kelly

Bryan Kelly

Professor of Finance at Yale and Head of Machine Learning at AQR

Bryan Kelly is Professor of Finance at the Yale School of Management, a Research Fellow at the National Bureau of Economic Research, Associate Director of SOM’s International Center for Finance, and is the head of machine learning at AQR Capital Management, LLC.

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Preston McAfee

Preston McAfee

Former Corporate Vice President, Chief Economist, Microsoft Corporation

Preston McAfee, Former Corporate Vice President and Chief Economist of Microsoft, is an economist who has worked extensively in pricing, auctions, antitrust, business strategy, market design, computational advertising and machine learning applied to exchanges. He is the author of over 100 refereed articles, seven patents and three books.

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James McAndrews

James McAndrews

CEO and Chairman of the Board of TNB USA Inc.

James McAndrews is an economist specializing in money and banking. He is the CEO and Chairman of the Board of TNB USA Inc., a Connecticut chartered bank whose objective is to provide high-yielding safe deposits to institutional investors; it is organized as a narrow bank.

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Michael Melvin

Michael Melvin

Executive Director, Master of Finance Program and Pacific Center for Asset Management, UCSD

Michael Melvin’s research in investments and international finance focuses on real issues facing global investors. He has published research in topics including exchange rates, currency investing, and international equity markets. His current research is focused on currency carry trades and transaction costs and exchange rate models.

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Leland R. Miller

Leland R. Miller

Chief Executive Officer, China Beige Book International

A leading authority on China’s economy and financial system, Leland works closely with chief investment officers and corporate boards on their trading and investment strategies, while helping them mitigate long-term risks using China Beige Book’s™ proprietary forecasting platform.

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Dave Nadig

Dave Nadig

CIO & Director of Research, ETF Trends & ETF Database

Dave Nadig is the Chief Investment Officer and Director of Research of ETF Trends (ETFTrends.com) and ETF Database (ETFdb.com).

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Donald Rissmiller

Donald Rissmiller

Founding Partner of Strategas

Mr. Rissmiller is a founding Partner of Strategas and has directed the Firm's macroeconomic research efforts since 2006. He oversees Strategas' thematic research as well as high-frequency econometric forecasting.

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Stephen Sexauer

Stephen Sexauer

Chief Investment Officer, The San Diego County Employees Retirement Association

Stephen Sexauer is SDCERA’s Chief Investment Officer and oversees SDCERA’s $14 billion Trust Fund, investment team, and investment consultants. In addition to the day-to-day operation of SDCERA’s Investment Division, he also assists SDCERA’s Board with determining the Fund’s investment policies, strategy and asset allocation.

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Larry Smarr

Larry Smarr

Director/Prof/CSE, Calit2, University of California San Diego

Larry Smarr, the Harry E. Gruber Professor of Computer Science and Information Technologies, joined the UCSD faculty in 2000 and became the founding director of the California Institute for Telecommunications and Information Technology [Cal(IT)²] in December 2000.

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Warren Weber

Warren Weber

Retired Senior Research Officer, Federal Reserve Bank of Minneapolis and Visiting Scholar, Federal Reserve Bank of Atlanta

Warren Weber was Senior Research Officer at the Federal Reserve Bank of Minneapolis, a position he held for 27 years, until his retirement in 2012. Prior to that he held teaching positions at Duke, Tulane, and Virginia Tech.

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Partners

Rady School of Management, University of California, San Diego

Sponsors

Allianz Global Investors
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