Lending money with interest fees has been a topic of debate for centuries. Even the Greek philosopher Aristotle deemed the practice immoral. However, lenders continued charging interest on the premise that it was a reward for parting with their money.
Before the American Revolution, settlers in the Massachusetts colony planned to raid Quebec City and use their loot to pay their soldiers. After the invasion fell through, the colony created a form of payment for its military, resulting in the first currency that would later help them separate from England.
Whether it’s the droids in Star Wars or the reality-bending technology in The Matrix, we’ve seen what artificial intelligence can achieve in fiction. In real life, machine learning is on the rise in tech, banking, and beyond. It has the power to change industry by working alongside human ingenuity.
When author Sebastian Mallaby spoke overseas about his book, The Power Law: Venture Capital and the Making of the New Future, European audiences said the Silicon Valley boom could never happen in a place where investors are generally more risk-averse toward startups.
In this webinar sponsored by the Gabelli Center for Global Security Analysis, Museum of American Finance, and CFA Society of New York, J. Bradford DeLong, Ph.D., author, economist, and professor at the University of California at Berkeley, detailed this unprecedented era of transformation—and its unexpected and unfulfilled outcomes.