FOMO Spirit in the Silicon Valley: AI-Panel in Berlin

FOMO Spirit in the Silicon Valley: AI-Panel in Berlin

The Inspiration Day for artificial intelligence in Berlin invited young entrepreneurs from Silicon Valley to discuss with Verena Fink the phenomena of start-up culture in California.

Dr. Noah Schwartz, founder of Quorum AI, and Roman Weishäuptl, founder of Saferoom.io agreed that AI technology opens up amazing new possibilities. Thanks to AI, all of our devices can learn in real time, accelerating human progress. Roman Weishäuptl stressed the scale of the acceleration by sharing a sketch on Tim Urban’s blog showing what lies ahead. We are on the verge of change, comparable to the rise of human life on Earth. Futurist Ray Kurzweil calls it “the law of human history for accelerating returns” and describes a pattern in which human progress is accelerating. Kurzweil believes that the 21st century will reach 1000 times the progress of the 20th century.

Already today, artificial intelligence can recognize faces, improve search results and is used to control autonomous vehicles. This trend is celebrated as the next industrial revolution. When it comes to who wins the AI race, the opportunities for the US ecosystem are very good. The US benefits from an established technology scene and investors with a fear of missing out (FOMO). Currently, $10 billion in venture capital is flowing into AIs, and companies like Apple, Facebook and Tesla have already invested billions in AIs in recent years. Microsoft continues to lead the rankings in the cited research, while Google and IBM are investing heavily.

Future pessimists in Silicon Valley are worried about artificial ethics. The Panelists agreed that more discussion was needed about the ethical use of AI in innovation and how to deal with massive changes in job profiles. There are such movements among AI researchers, but when it comes to the use of AI, it doesn’t matter what the developer’s intention was when he’s in the hands of a bad character. Noah Schwartz advises members of he California State Assembly to define regulations around AI. He is optimistic that CA could become a role model for AI regulations.
Despite all the challenges for startup founders in the melting pot of artificial intelligence, Noah and Roman agreed: Silicon Valley is the best place to shape business models into a future with unlimited possibilities. There is no shortage of ideas, technology, money or infrastructure. The founders actually only lack sleep, there is no time for that on the way to the big dream.