Bloomberg Tech Summit Insights 2023
Iryna Manukovska 🇺🇦
⚡ VP of Innovation | Mentor | Women in Tech | Columnist | Tech London Advocate | Keynote speaker | Podcast about innovative mindset "Make Your Innovation Work" ⚡
At the Bloomberg Tech Summit, a profound exploration into the applications and challenges of AI unfolded, shedding light on crucial insights shaping the tech landscape.
AI ethics and demand for control
Ethical and trusted AI is in high demand. Despite technology benefits, we all want to be able to manage our own consent to use our personal data by 3d party vendors. Content creators, integral to startups like Endel, seek ways to manage their consent actively.
Big Four takes AI seriously. EY Beatriz Sanz Saiz, Global Data and AI Partner Leader at EY Consulting presented an ey.ai platform that provides it all: use cases, the latest knowledge, workforce education, and management to help companies become more confident with AI and start to use it on a daily basis. Constitutional AI is an example of ethical AI usage. Jared Kaplan gives an example of how the constitution behind generative model usage can help to set the boundaries for AI.
Future of cybersecurity
Build secure products by design. Tiphaine Romand-Latapie, Head of the Reverse Engineering Team at Synacktiv shared a marvelous story about how her team hacked Tesla’s multimedia screen (Bloomberg’s Jordan Robertson covers the full story) to find some sensitive personal data. They’ve spent a year but managed to break through. “If you give me enough time and money, I will get in,” says Tiphaine, which leads to the next point.
Deep tech fraud and identity theft are already here. Jared shared a story of an executive who got a voicemail from his CEO about a money transfer that should be done immediately. The executive got this kind of inquiry from his boss regularly; one thing did not fit the way it should, and he decided to double-check. The happy ending here is that the money stays inside the organization. The open question I got during the small talk from a fintech company: how can we prove that customers are really who they are?
Those who educate staff on cyber security fishing and fraud issues are 85% more successful with their cybersecurity effort, as humans are still the access point to the systems business operates on.
“This is on us to make sure we have the right controls in place,” the cybersecurity role, Emily Heath, General Partner at Cyberstarts.
The focus on core business systems, machine identity, and leveraging data to identify breaches emerged as critical strategies. Dominique Shelton Leipzig sobering account of hospitals hacked by Russians in the USA underscored the real-world consequences, emphasising that cybersecurity is not just a tech issue but a matter of life and death.
“Security you don’t have to think about” is a goal of any solution provider today, just like Lauren Miskelly, Managing Director, Chrome Browser Enterprise GtM Lead, nailed.
In essence, the Bloomberg Tech Summit provided a holistic perspective on the evolving landscape of AI and cybersecurity, weaving together threads of ethics, energy concerns, industry giants' involvement, and the imperative of securing digital infrastructures against evolving threats.