Dan Schulman - Vice Chairman & Managing Partner, Valor Capital Group

In a discussion about the rapid evolution of technology, it is highlighted that artificial intelligence (AI) is transforming industries by enabling companies to personalize products and reduce fraud. The conversation emphasizes the importance of digitizing financial infrastructure, which allows for instantaneous and cost-effective transactions, thereby increasing inclusivity in the economic system. The potential of AI to reshape economies and provide medical attention is also discussed, with a focus on its ability to reduce inequality. However, there is concern about AI's impact on employment, necessitating collaboration between governments, regulators, and businesses to ensure robust and inclusive economies. The discussion concludes with the belief that AI and blockchain technologies will significantly lower transaction costs, benefiting millions globally.