The AI Festival 2016: Artificial Intelligence and the Economy


The AI Festival 2016 will be held Friday the 11th of November in Reykjavik University, Lecture Hall V101.

As artificial intelligence and extensive automation invade our daily lives, what are the implications for our economic systems? Can artificial intelligence help us with the grand challenge of the 10 hour work week promised at the beginning of the 20th century? Or will ever more automation in finance and production lead to the destruction of the very financial system that's created them?

The keynote speaker is Prof. Dr. Doyne Farmer who is a Professor at the Mathematical Institute at the University of Oxford and Director of the Complexity Economics program at the Institute for New Economic Thinking (INET).

IIIM will also introduce a new economic software ‘Threadneedle' which is a causal-relational agent-based simulation of the Icelandic banking system built to test the implications of different financial activity and regulations on banking, and its impact on the economy.

The program starts at 2 pm in lecture hall V101 and concludes with an open exibithion of Artificial intelligence in industry and academia where attendees can enjoy a glimpse of some of the most advanced products, services, and research in the field of AI and high-tech in Iceland.

The event will be streamed online via Livestream:

There is no admission fee and the festival is open to everyone. All lectures are held in English.

14.00 Introduction

Dr. Kristinn R. Thórisson – Professor at RU, Director of IIIM

14.10 Towards an Evolutionary Theory of Technological Change

Prof. J. Doyne Farmer – Director of Complexity Economics, Institute for New Economic Thinking, University of Oxford

15.00 Coffee

15.15 AI and Economics: Problem or Opportunity?

Dr. Jacky Mallett – IIIM Senior Scientist / Adjunct Professor, Reykjavik University

15.50 Position statements: AI & the Economy: Monkeywrench or Moneysaver?

Dr. Jón Gudnason, dr. Magnús Torfason, dr. Kristinn R. Thórisson

16.05 Coffee

16.15 Panel Discussion: AI & the Economy: Monkeywrench or Moneysaver?

Moderator: Jacky Mallett

17.15 Innovation & AI in Industry & Academia (room M201) – Posters &

Demonstrations / Refreshments There is no admission fee.


V I T V É L A S T O F N U N  Í S L A N D S