In this podcast Futurist Matthew Griffin and Ben Wright explore the future of AI, really weird AI's, the future of business and money, and lots of other topics!
Matthew GriffinFounder, President and Futurist, 311 Institute
G7 · G20governments advised
850+keynotes
102countries
17codexes
Future of society sessions forSlovakiaTechSamsungCalifornia Governor's OfficeThe Mentor ProjectBritish Property FederationRWE
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About this podcast
Firstly, thank you to Ben Wright host of the hit show the Effective Advisor podcast, for inviting me down to Barclays Banks’ startup incubator at Eagle House in Southampton in the UK to discuss the future of absolutely everything, provided it was related to finance and investing, and education and work ...
As the world around us all changes at a faster and faster rate and in extraordinary ways, and as we see different exponential technologies such as Meta Artificial Intelligence (MAI), as we discuss, starting to go supra exponential in their rate of development, it seemed apt to discuss what these changes were and their impact on global business, culture, and society. And it proved to be a fascinating session for both of us as we got our teeth stuck into some of the most impactful subjects of the day. As you can hear for yourself we crossed a lot of topics.
We discussed the world of finance and the future of financial advisers where we’re seeing Artificial Intelligence (AI) already being used to create robo wealth-advisors and help individuals like Mr. Mankind create and scale multi-million dollar Decentralised Finance (Defi) businesses almost autonomously, in days, and for almost zero cost. Then we chatted about the future of value, the challenges that investors face in a world where both the rate of value creation and value destruction are frankly extraordinary, in the tens of trillions of dollars, and then we dove into the future of jobs, work, and skills just before touching on the rise of fully automated and autonomous companies and the impact of those on society and the terror that is AI legal liability.
We then also did a deep dive into how we should think about the future of education and learning in this world, the skills our children will need to master in order to remain relevant and gainfully employed for the next fifty years in jobs that pay well, and then Ben asked the fateful question … “[Knowing and seeing what I know now] what advice would I give to my ten year old self?” to which I replied, with the ability to back this point of view up and admittedly with some caveats, “Quit school.”
311 Intelligence
What this means for your leadership team
Advice is moving to software.
The session described tools that already act as wealth advisers. One founder used them to build and scale Decentralised Finance businesses almost on his own, in days. For firms that sell advice, the question is what clients will still pay a person to do.
Value shifts faster than plans.
Value is being created and destroyed in the tens of trillions of dollars. Meta Artificial Intelligence, which watches over or improves other AI, was discussed as a technology moving faster than before. Annual planning cycles may be too slow for this pace.
Skills and liability need owners.
Jobs and skills are changing, and fully automated companies raise hard questions about who is liable when a machine decides. Reskilling is becoming a condition of employment. Leaders need clear owners for both skills and accountability.
Three questions for your next leadership meeting
Which of our advice services could a robo adviser deliver today?
How often do we reassess the skills our people need?
Who is accountable when an automated system makes a costly decision?
The trends and technologies behind this session
From the 311 Starburst, the 311 Strategic Intelligence Unit’s map of the technologies and trends shaping the next 50 years.
It suggests that advice, value and skills are all changing at once. Organisations should test which services software can already do, shorten their planning cycles, and decide who owns reskilling and automated decisions.
How does Meta Artificial Intelligence relate to this session?
The session named it as an example of technology starting to go supra exponential in its pace of development. 311 describes it as AI that watches over or improves other AI, and rates it Watch.
How does faster skills obsolescence relate to this session?
The talk asked which skills children will need to stay employed for the next fifty years. 311 tracks the trend that skills are changing faster, making continuous reskilling a condition of employment, and rates it Act now.
How can 311 brief our leadership team on this?
Through a private executive briefing or leadership workshop, tailored to your sector, in person first.
Bring this to your leadership teamA private executive briefing or leadership workshop, tailored to your sector. In person first, anywhere in the world.
Analysis by the 311 Strategic Intelligence Unit, from Matthew Griffin’s session and 311 data.
If Matthew gave this session today
Hundreds of emerging technologies, mapped for industry.
The codex explores hundreds of emerging technologies and their implications for global culture, industry and society, the long-range view that any 2080 infrastructure strategy depends on.
