Is Artificial Intelligence (or AI) going to take over the World! Are Humans becoming redundant? What will AI do to financial marketplaces? How will you be able to use AI to dominate global markets?
For this podcast, Dave Erickson and Botond Seres are going to try to peer into the looking glass to our future with AI, by talking with Noah Healy - CEO of Coordisk.
Early in Noah’s career, he used computational mathematics and software development capabilities to develop automations that boosted internal productivity, drove client efficiencies and improved regulatory compliance.
Most recently he founded Coordisc and developed Coordinated Discovery Markets (also known as CDM), a technology product that has the potential to completely reorder the global financial system.
CDM establishes a better exchange market for commodities by conducting all trades at market-clearing prices with radically improved price discovery, lower total cost of transactions and the elimination of hedging needs.
Today, we are going to delve into AI and the future of marketplaces, and try to figure out if AI can help us make a better world… that will hopefully still include Humans in it.
Chapter Index:
00:03 - AI's impact on global marketplaces with industry expert Noah Healy.
02:54 - What are Coordinated Discovery Markets (CDM)?
06:44 - A new market mechanism to pre-negotiate prices.
09:03 - What will it take to implement CDM's?
10:12 - Difference between futures market and CDM?
15:05 - Using AI to predict market prices.
20:29 - Market manipulation and price discovery in a decentralized marketplace.
24:30 - How will markets self-correct?
27:08 - AI's potential dangers and benefits.
30:20 - AI's impact on communication and financial markets.
40:09 - AI, signal, noise, and their impact on society.
47:21 - AI decision-making and strategic situations.
51:08 - The prisoner's dilemma and CDM AI
54:52 - Outro
If you have questions for our Podcast Hosts or Guest, you can reach them here:
Dave Erickson = https://www.linkedin.com/in/daveerickson1/
Botond Seres = https://www.linkedin.com/in/botondseres/
GUEST: Noah Healy = https://www.linkedin.com/in/noah-healy/
Noah has launched a podcast with Marty Weiner, former Reddit CTO and founding engineer at Pintrest. It is called "The 4th Age - The AI Revolution" on Spotify = https://open.spotify.com/show/6vrhhaa8vkb7Ddaw7ZsrNu
To catch up with all our Podcasts, please go to = https://podcast.screamingbox.com/
Additional Info - From Noah’s Bio:
When I look at the common thread that runs through all of my professional experiences, it is clear that I love to combine mathematics with technology to produce game-changing solutions. My inspiration came from my formal education, work experience and the breakthrough innovations developed by Alan Turing (and Frege and Church before him). Turing imagined machines with amazing computational power and ultimately brought them to life. His innovations tipped the scales of WWII and set the stage for the information revolution – of which I am an active part.
Early in my career, I used computational mathematics and software development capabilities to develop automations that boosted internal productivity, drove client efficiencies and improved regulatory compliance. Most recently I founded Coordisc and developed CDM, a technology product that has the potential to completely reorder the global financial system. CDM establishes a better exchange market for commodities by conducting all trades at market-clearing prices with radically improved price discovery, lower total cost of transactions and the elimination hedging needs. Only a fraction of current tradeflow can get this product off the ground and prove its power. From there, CDM can be scaled rapidly.
It is not lost on me that I have an enormous responsibility to produce algorithmic technology products that drive results, but also protect ethics and morality. One does not need to look beyond recent financial crises or their Facebook feeds to see that our rush for more powerful technology has eroded our civic, political, cultural and societal systems. I view myself as an “algorithmist with a conscience” and use tools such as game theory to design products ethically.
Founded a company that developed the Coordinated Discovery Market (price discovery achieve via a coordination game), a technology product that established a better exchange market for commodities by conducting all trades at market-clearing prices with radically improved price discovery, lower total cost of transactions and the elimination hedging needs. Developed/verified the system via discovering a method for pricing transaction costs and creating a disruptive commodity marketplace. Collaborated with academics and financial leaders to promote the system and devise an effective go-to-market strategy.
