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.

 

Agenda

9:00 a.m. | Registration and Welcome

  • Stephen Sexauer, Chief Investment Officer, The San Diego County Employees Retirement Association

9:30 a.m. | Big Data, Machine Learning, and Artificial Intelligence: What are they? Embrace them or fear them?
Moderator: Don Rissmiller, Chief Economist, Strategas Research Partners and GIC Chair

  • Almost all aspects of our lives are digitized and captured by a sensor, camera, or algorithm. Will this data combined with machine learning algorithms and artificial intelligence make our lives better, safer, and healthier? Should we fear robots, job-replacing algorithms, and a surveillance economy? Who wins? Who loses?
    Speaker: Preston McAfee, Former Corporate Vice President and Chief Economist, Microsoft Corporation
  • How your body’s internal data generates a digital twin: the coming game changer for medicine and wellness. How a network of sensors can help us monitor and manage natural disasters.
    Speaker: Professor Larry Smarr, PhD, UCSD Jacobs School of Engineering and Calit2

10:45 a.m. | Can Machines Learn Finance? Will “algos” replace people? Will they make markets unstable?
Moderator: Professor Michael Melvin, Professor, UCSD Rady School of Business

  • 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 pension portfolios.
    Speaker: Michael Heldmann, PhD and Managing Director, Allianz Global Investors
  • Algorithms and markets liquidity: more stable and deeper markets or runaway flash crashes?

12:00 p.m. | Lunch

1:00 p.m. | Keynote Speech

  • Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta

2:00 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, Managing Director, ETF.com
  • 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
  • Will digital money and transaction services expand the banking and payments system to the unbanked, with low- cost, reliable services?

3:30 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

4:00 p.m. | Adjournment

 

Event Location

Date: Monday, February 3, 2020 Time: 9:00 AM - 4:00 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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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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Michael Melvin

Michael Melvin

Executive Director, Master of Finance program, Rady School of Management University of California San Diego

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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Dave Nadig

Dave Nadig

Managing Director of ETF.com

Dave Nadig is the Managing Director of ETF.com. Dave has over 20 years in the investment management and ETF business, having served as the Director of Exchange Traded Funds at FactSet Research Systems, Chief Investment Officer of ETF.com and managing director of BGI.

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Donald Rissmiller

Donald Rissmiller

Founding Partner of Strategas

Donald Rissmiller is a founding partner of Strategas and has been the firm's chief economist since 2006, directing its macroeconomic research effort. He oversees Strategas' high-frequency econometric forecasting and thematic economic research. Mr. Rissmiller's research has been consistently recognized by Institutional Investor magazine in their annual survey: he was ranked best up and coming economist in 2008, and was third in their 2009 All-America Independent Research Team survey. He is frequently quoted in the financial press.

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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 $12 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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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. He currently holds visiting positions at the Federal Reserve Bank of Atlanta, the Bank of Canada, and […]

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Partners

Rady School of Management, University of California, San Diego

Sponsors

Allianz Global Investors
Strategas