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Conference:  Transform X 2022
Authors: Michael I. Jordan
2022-10-19

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The speaker discusses the importance of incorporating economic principles into machine learning systems to build large-scale, economically sound structures that benefit society.
  • Rey is a platform that combines functional programming and object-oriented programming to create a model of distributed asynchronous computing.
  • The speaker believes that AI and machine learning have been missing the boat by neglecting the importance of market intelligence.
  • Building multi-way markets, exploring to learn preferences, and uncertainty quantification are some of the open academic problems in this field.
  • Fairness, privacy, and social good are important considerations that have an economic side to them.
  • The speaker provides an anecdote about UnitedMasters, a company that created a two-way market for musicians to stream their music to the NBA and get paid for it.
  • The overall goal is to build large-scale systems that are healthy, happy, and economically efficient.