More than 900 years after the heroic figure Robin Hood set out to steal from the rich and give to the poor, two American entrepreneurs borrowed his name to establish a fintech company that claims to “democratize finance for all”. But the new Robinhood’s claim of ‘democracy’ is on shaky ground. Just as the company can make financial markets accessible to everyone, it can also deny access within a split second. This is what happened when they shut down Gamestop trading on January 28, 2021. Thousands of investors were presented with a fait accompli.
Environmental sustainability is one of the most promising domains to deploy ‘AI for Good’. The environment is an excellent use case for collecting and analyzing data that help us to better understand and address key environmental challenges. In contrast to the use of AI in ‘human settings’, you typically don’t run into problems of privacy and discrimination when using it for environmental purposes.