MONEY REIMAGINED: Empowering Tomorrow's Internet | Decentralized Storage and AI in a Changing Data Landscape With Frank McCourt

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 18 August 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

At the beginning of the internet, there was no way to share data. Decentralized storage was not possible. Now there are multiple ways to store data in a ‘Shared’ state. With AI algorithms now consuming vast amounts of personal and intellectual data, the prospect of the exploitation of that data is daunting. In this short unique episode of "Money Reimagined," Michael Casey is joined by Football Club owner and Philanthropist Frank McCourt. He is also the founder of Project Liberty, an urgent initiative to repair the web. Currently, Casey and McCourt collaborate on a joint book endeavor, with Frank elaborating on his insights during a casual lunch conversation. He delves into the Internet's transformation into a data economy, the value of personal information, and the impact of Artificial Intelligence algorithms and machine learning on the realm of intellectual property and copyright ownership. Join us as we envision a more equitable digital landscape through decentralized storage, personal data security, and AI synergy. Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:40.8	Start your free 30-day trial at audible.com slash Wondery UK.
0:45.6	That's audible.com slash Wondery UK.
0:59.6	You're listening to Coin Desk's Money Reimagined with Michael Casey and Sheila Warren.
1:06.8	Hello and welcome to Money Reimagined. I'm Michael Casey.
1:12.6	Well, this week, I'm on my lonesome as my co-host Sheila Warren is on a well-earned family vacation. We're also doing something a little different, as we'll be playing for you recordings of a conversation that I had with the businessman Frank McCourt at his home in Cape Cod.
1:19.6	This week, as part of a book project that he and I are working on.
1:23.6	Frank is a construction magnate, the former owner of the LA Dodgers and now of the French
1:27.5	football club Olympique de Marseille, but more importantly he is the founder of Project
1:31.8	Liberty, a bold, urgent initiative to fix a broken internet, a system that under the model
1:37.4	of Web Doe that you've heard Sheila and I talk about so often has made us all subjects,
1:41.9	serfs, if you will, to a small group of feudal lords, the internet
1:45.9	platforms that control our data and rule our online lives.
1:50.5	Our book will dive into that problem and explore solutions for how to fix it, and restore
	...

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