[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:01.32,0:00:05.22,Default,,0000,0000,0000,,I grew up in the late '70s in rural China
Dialogue: 0,0:00:05.24,0:00:09.81,Default,,0000,0000,0000,,during the final years of my country's\Npursuit of absolute equality
Dialogue: 0,0:00:09.83,0:00:12.40,Default,,0000,0000,0000,,at the expense of liberty.
Dialogue: 0,0:00:12.87,0:00:15.19,Default,,0000,0000,0000,,At that time, everybody had a job,
Dialogue: 0,0:00:15.22,0:00:17.29,Default,,0000,0000,0000,,but everyone was struggling.
Dialogue: 0,0:00:17.31,0:00:20.19,Default,,0000,0000,0000,,In the early '80s,\Nmy dad was an electrician,
Dialogue: 0,0:00:20.21,0:00:23.08,Default,,0000,0000,0000,,and my mom worked two shifts\Nin the local hospital.
Dialogue: 0,0:00:23.79,0:00:26.73,Default,,0000,0000,0000,,But still, we didn't have enough food,
Dialogue: 0,0:00:26.75,0:00:29.07,Default,,0000,0000,0000,,and our living conditions were dismal.
Dialogue: 0,0:00:29.10,0:00:31.09,Default,,0000,0000,0000,,We were undoubtedly equal --
Dialogue: 0,0:00:31.11,0:00:32.65,Default,,0000,0000,0000,,we were equally poor.
Dialogue: 0,0:00:33.11,0:00:35.12,Default,,0000,0000,0000,,The state owned everything.
Dialogue: 0,0:00:35.15,0:00:36.60,Default,,0000,0000,0000,,We owned nothing.
Dialogue: 0,0:00:37.31,0:00:40.98,Default,,0000,0000,0000,,The story I'm going to share with you\Nis about my struggles
Dialogue: 0,0:00:41.00,0:00:43.20,Default,,0000,0000,0000,,of overcoming adversity
Dialogue: 0,0:00:43.23,0:00:48.27,Default,,0000,0000,0000,,with my resilience, grit\Nand sheer determination.
Dialogue: 0,0:00:49.15,0:00:51.68,Default,,0000,0000,0000,,No, I'm just kidding,\NI'm not going to do that to you.
Dialogue: 0,0:00:51.70,0:00:54.07,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:00:54.09,0:00:58.04,Default,,0000,0000,0000,,Instead, I'm going to tell you,
Dialogue: 0,0:00:58.07,0:01:02.21,Default,,0000,0000,0000,,what I'm going to talk about today\Nis about a new form of collective poverty
Dialogue: 0,0:01:02.24,0:01:04.17,Default,,0000,0000,0000,,that many of us don't recognize
Dialogue: 0,0:01:04.19,0:01:06.34,Default,,0000,0000,0000,,and that urgently needs to be understood.
Dialogue: 0,0:01:06.82,0:01:09.28,Default,,0000,0000,0000,,I'm sure you've noticed\Nthat in the past 20 years,
Dialogue: 0,0:01:09.30,0:01:11.08,Default,,0000,0000,0000,,that asset has emerged.
Dialogue: 0,0:01:11.10,0:01:14.56,Default,,0000,0000,0000,,It's been generating wealth\Nat a breakneck pace.
Dialogue: 0,0:01:14.59,0:01:18.66,Default,,0000,0000,0000,,As a tool, it has brought businesses\Ndeep customer insights,
Dialogue: 0,0:01:18.69,0:01:20.32,Default,,0000,0000,0000,,operational efficiency
Dialogue: 0,0:01:20.35,0:01:22.54,Default,,0000,0000,0000,,and enormous top-line growth.
Dialogue: 0,0:01:23.02,0:01:24.65,Default,,0000,0000,0000,,But for some,
Dialogue: 0,0:01:24.67,0:01:29.47,Default,,0000,0000,0000,,it has also provided a device\Nto manipulate a democratic election
Dialogue: 0,0:01:29.49,0:01:34.66,Default,,0000,0000,0000,,or perform surveillance\Nfor profit or political purposes.
Dialogue: 0,0:01:35.29,0:01:37.33,Default,,0000,0000,0000,,What is this miracle asset?
Dialogue: 0,0:01:37.36,0:01:39.27,Default,,0000,0000,0000,,You've guessed it: it's data.
Dialogue: 0,0:01:40.31,0:01:44.87,Default,,0000,0000,0000,,Seven out of the top 10 most valuable\Ncompanies in the world are tech companies
Dialogue: 0,0:01:44.90,0:01:47.86,Default,,0000,0000,0000,,that either directly generate\Nprofit from data
Dialogue: 0,0:01:47.89,0:01:50.32,Default,,0000,0000,0000,,or are empowered by data from the core.
Dialogue: 0,0:01:51.35,0:01:52.62,Default,,0000,0000,0000,,Multiple surveys show
Dialogue: 0,0:01:52.64,0:01:55.13,Default,,0000,0000,0000,,that the vast majority\Nof business decision makers
Dialogue: 0,0:01:55.15,0:01:58.52,Default,,0000,0000,0000,,regard data as an essential\Nasset for success.
Dialogue: 0,0:01:58.55,0:02:04.48,Default,,0000,0000,0000,,We have all experienced how data\Nis shifting this major paradigm shift
Dialogue: 0,0:02:04.51,0:02:08.39,Default,,0000,0000,0000,,for our personal, economic\Nand political lives.
Dialogue: 0,0:02:08.76,0:02:11.12,Default,,0000,0000,0000,,Whoever owns the data owns the future.
Dialogue: 0,0:02:11.55,0:02:13.28,Default,,0000,0000,0000,,But who's producing the data?
Dialogue: 0,0:02:14.00,0:02:16.97,Default,,0000,0000,0000,,I assume everyone in this room\Nhas a smartphone,
Dialogue: 0,0:02:16.99,0:02:18.48,Default,,0000,0000,0000,,several social media accounts
Dialogue: 0,0:02:18.51,0:02:21.46,Default,,0000,0000,0000,,and has done a Google search\Nor two in the past week.
Dialogue: 0,0:02:21.97,0:02:24.28,Default,,0000,0000,0000,,We are all producing data. Yes.
Dialogue: 0,0:02:24.95,0:02:28.36,Default,,0000,0000,0000,,It is estimated that by 2030,\N10 years from now,
Dialogue: 0,0:02:28.38,0:02:32.58,Default,,0000,0000,0000,,there will be about 125 billion\Nconnected devices in the world.
Dialogue: 0,0:02:32.60,0:02:37.03,Default,,0000,0000,0000,,That's an average of about\N15 devices per person.
Dialogue: 0,0:02:37.51,0:02:39.54,Default,,0000,0000,0000,,We are already producing data every day.
Dialogue: 0,0:02:39.56,0:02:42.72,Default,,0000,0000,0000,,We'll be producing exponentially more.
Dialogue: 0,0:02:43.53,0:02:47.54,Default,,0000,0000,0000,,Google, Facebook and Tencent's\Ncombined revenue in 2018
Dialogue: 0,0:02:47.56,0:02:50.85,Default,,0000,0000,0000,,was 236 billion US dollars.
Dialogue: 0,0:02:50.87,0:02:53.41,Default,,0000,0000,0000,,Now, how many of you\Nhave received payment from them
Dialogue: 0,0:02:53.43,0:02:55.14,Default,,0000,0000,0000,,for the data you generate for them?
Dialogue: 0,0:02:55.16,0:02:56.55,Default,,0000,0000,0000,,None, right?
Dialogue: 0,0:02:56.57,0:03:00.53,Default,,0000,0000,0000,,Data has immense value\Nbut is centrally controlled and owned.
Dialogue: 0,0:03:00.56,0:03:05.42,Default,,0000,0000,0000,,You are all walking raw materials\Nfor those large data companies,
Dialogue: 0,0:03:05.44,0:03:06.88,Default,,0000,0000,0000,,but none of you are paid.
Dialogue: 0,0:03:07.70,0:03:08.88,Default,,0000,0000,0000,,Not only that,
Dialogue: 0,0:03:08.90,0:03:13.27,Default,,0000,0000,0000,,you're not even considered\Nas part of this equation for income.
Dialogue: 0,0:03:13.65,0:03:15.34,Default,,0000,0000,0000,,So once again,
Dialogue: 0,0:03:15.37,0:03:17.10,Default,,0000,0000,0000,,we are undoubtedly equal:
Dialogue: 0,0:03:17.13,0:03:18.59,Default,,0000,0000,0000,,we're equally poor.
Dialogue: 0,0:03:19.00,0:03:22.04,Default,,0000,0000,0000,,Somebody else owns everything,\Nand we own nothing.
Dialogue: 0,0:03:22.07,0:03:23.62,Default,,0000,0000,0000,,Sounds familiar, doesn't it?
Dialogue: 0,0:03:24.75,0:03:26.13,Default,,0000,0000,0000,,So what should we do?
Dialogue: 0,0:03:26.16,0:03:28.57,Default,,0000,0000,0000,,There might be some clues\Nin how my life turned out
Dialogue: 0,0:03:28.60,0:03:29.93,Default,,0000,0000,0000,,after that difficult start.
Dialogue: 0,0:03:29.96,0:03:32.38,Default,,0000,0000,0000,,Things began to look up\Nfor my family in the '80s.
Dialogue: 0,0:03:32.40,0:03:33.88,Default,,0000,0000,0000,,The system evolved,
Dialogue: 0,0:03:33.90,0:03:37.64,Default,,0000,0000,0000,,and people began to be allowed\Nto own a piece of what we created.
Dialogue: 0,0:03:38.12,0:03:39.84,Default,,0000,0000,0000,,"People diving into the ocean,"
Dialogue: 0,0:03:39.86,0:03:42.21,Default,,0000,0000,0000,,or "xia hai," the Chinese term,
Dialogue: 0,0:03:42.23,0:03:45.53,Default,,0000,0000,0000,,described those who left\Nstate-owned enterprise jobs
Dialogue: 0,0:03:45.56,0:03:47.33,Default,,0000,0000,0000,,and started their own businesses.
Dialogue: 0,0:03:47.81,0:03:49.80,Default,,0000,0000,0000,,Private ownership of a business
Dialogue: 0,0:03:49.82,0:03:52.90,Default,,0000,0000,0000,,became personal ownership of cars,
Dialogue: 0,0:03:52.93,0:03:56.37,Default,,0000,0000,0000,,properties, food, clothes and things.
Dialogue: 0,0:03:56.39,0:03:59.26,Default,,0000,0000,0000,,The economic machine started rolling,
Dialogue: 0,0:03:59.28,0:04:01.48,Default,,0000,0000,0000,,and people's lives began to improve.
Dialogue: 0,0:04:01.51,0:04:02.75,Default,,0000,0000,0000,,For the first time,
Dialogue: 0,0:04:02.78,0:04:05.38,Default,,0000,0000,0000,,to get rich was glorious.
Dialogue: 0,0:04:05.41,0:04:10.47,Default,,0000,0000,0000,,So in the '90s, when I went\Nto study in Chengdu in west China,
Dialogue: 0,0:04:10.50,0:04:12.12,Default,,0000,0000,0000,,many young individuals like myself
Dialogue: 0,0:04:12.15,0:04:14.93,Default,,0000,0000,0000,,were well-positioned\Nto take advantage of the new system.
Dialogue: 0,0:04:15.33,0:04:18.03,Default,,0000,0000,0000,,After I graduated from my university,
Dialogue: 0,0:04:18.06,0:04:21.24,Default,,0000,0000,0000,,I cofounded my first business\Nand moved to Shenzhen,
Dialogue: 0,0:04:21.26,0:04:25.74,Default,,0000,0000,0000,,the brand-new special economic zone\Nthat used to be a fishing village.
Dialogue: 0,0:04:25.77,0:04:26.94,Default,,0000,0000,0000,,Twenty years later,
Dialogue: 0,0:04:26.96,0:04:31.37,Default,,0000,0000,0000,,Shenzhen has become\Na global innovation powerhouse.
Dialogue: 0,0:04:32.67,0:04:36.74,Default,,0000,0000,0000,,Private ownership was a form of liberty\Nwe didn't have before.
Dialogue: 0,0:04:37.28,0:04:42.20,Default,,0000,0000,0000,,It created unprecedented opportunities\Nfor our generations,
Dialogue: 0,0:04:42.22,0:04:45.85,Default,,0000,0000,0000,,motivating us to work\Nand study incredibly hard.
Dialogue: 0,0:04:46.32,0:04:52.20,Default,,0000,0000,0000,,The result was that more than\N850 million people rose out of poverty.
Dialogue: 0,0:04:52.23,0:04:54.20,Default,,0000,0000,0000,,According to the World Bank,
Dialogue: 0,0:04:54.22,0:05:00.58,Default,,0000,0000,0000,,China's extreme poverty rate in 1981,\Nwhen I was a little kid, was 88 percent.
Dialogue: 0,0:05:00.60,0:05:04.03,Default,,0000,0000,0000,,By 2015, 0.7 percent.
Dialogue: 0,0:05:04.83,0:05:06.58,Default,,0000,0000,0000,,I am a product of that success,
Dialogue: 0,0:05:06.60,0:05:10.69,Default,,0000,0000,0000,,and I am very happy to share that today,\NI have my own AI business,
Dialogue: 0,0:05:10.72,0:05:13.41,Default,,0000,0000,0000,,and I lead a very worldly\Nand dynamic life,
Dialogue: 0,0:05:13.44,0:05:17.48,Default,,0000,0000,0000,,a path that was unimaginable\Nwhen I was a kid in west China.
Dialogue: 0,0:05:18.25,0:05:22.10,Default,,0000,0000,0000,,Of course, this prosperity\Ncame with a trade-off,
Dialogue: 0,0:05:22.12,0:05:26.51,Default,,0000,0000,0000,,with equality,\Nthe environment and freedom.
Dialogue: 0,0:05:26.53,0:05:30.27,Default,,0000,0000,0000,,And obviously I'm not here to argue\Nthat China has it all figured out.
Dialogue: 0,0:05:30.29,0:05:31.50,Default,,0000,0000,0000,,We haven't.
Dialogue: 0,0:05:31.52,0:05:35.71,Default,,0000,0000,0000,,Nor that data is fully comparable\Nto physical assets.
Dialogue: 0,0:05:35.73,0:05:36.100,Default,,0000,0000,0000,,It is not.
Dialogue: 0,0:05:37.73,0:05:42.71,Default,,0000,0000,0000,,But my life experience allowed me\Nto see what's hiding in plain sight.
Dialogue: 0,0:05:42.73,0:05:44.33,Default,,0000,0000,0000,,Currently, the public discourse
Dialogue: 0,0:05:44.35,0:05:48.36,Default,,0000,0000,0000,,is so focused on the regulatory\Nand privacy issue
Dialogue: 0,0:05:48.38,0:05:50.11,Default,,0000,0000,0000,,when it comes to data ownership.
Dialogue: 0,0:05:50.14,0:05:51.81,Default,,0000,0000,0000,,But I want to ask:
Dialogue: 0,0:05:51.84,0:05:55.05,Default,,0000,0000,0000,,What if we look at data ownership\Nin completely different ways?
Dialogue: 0,0:05:55.56,0:05:58.22,Default,,0000,0000,0000,,What if data ownership is, in fact,
Dialogue: 0,0:05:58.24,0:06:02.57,Default,,0000,0000,0000,,a personal, individual and economic issue?
Dialogue: 0,0:06:03.18,0:06:05.54,Default,,0000,0000,0000,,What if, in the new digital economy,
Dialogue: 0,0:06:05.56,0:06:08.62,Default,,0000,0000,0000,,we are allowed to own\Na piece of what we create
Dialogue: 0,0:06:08.64,0:06:12.78,Default,,0000,0000,0000,,and give people the liberty\Nof private data ownership?
Dialogue: 0,0:06:14.11,0:06:18.31,Default,,0000,0000,0000,,The legal concept of ownership\Nis when you can possess,
Dialogue: 0,0:06:18.34,0:06:22.65,Default,,0000,0000,0000,,use, gift, pass on, destroy
Dialogue: 0,0:06:22.67,0:06:26.58,Default,,0000,0000,0000,,or trade it or sell your asset
Dialogue: 0,0:06:26.61,0:06:28.62,Default,,0000,0000,0000,,at a price accepted by you.
Dialogue: 0,0:06:29.45,0:06:33.54,Default,,0000,0000,0000,,What if we give that same definition\Nto individuals' data,
Dialogue: 0,0:06:33.57,0:06:37.03,Default,,0000,0000,0000,,so individuals can use or destroy our data
Dialogue: 0,0:06:37.05,0:06:39.53,Default,,0000,0000,0000,,or we trade it at our chosen price?
Dialogue: 0,0:06:40.01,0:06:41.69,Default,,0000,0000,0000,,Now, I know some of you might say,
Dialogue: 0,0:06:41.71,0:06:45.14,Default,,0000,0000,0000,,"I would never, ever trade my data\Nfor any amount of money."
Dialogue: 0,0:06:45.16,0:06:48.45,Default,,0000,0000,0000,,But that, let me remind you,\Nis exactly what you're doing now,
Dialogue: 0,0:06:48.47,0:06:50.91,Default,,0000,0000,0000,,except you're giving\Nyour data away for free.
Dialogue: 0,0:06:51.58,0:06:55.62,Default,,0000,0000,0000,,Plus, privacy is a very personal\Nand nuanced issue.
Dialogue: 0,0:06:55.64,0:07:00.03,Default,,0000,0000,0000,,You might have the privilege\Nto prioritize your privacy over money,
Dialogue: 0,0:07:00.06,0:07:03.08,Default,,0000,0000,0000,,but for millions of small\Nbusiness owners in China
Dialogue: 0,0:07:03.10,0:07:05.44,Default,,0000,0000,0000,,who can't get bank loans easily,
Dialogue: 0,0:07:05.46,0:07:10.23,Default,,0000,0000,0000,,using their data to gain rapid loan\Napproval from AI-powered lenders
Dialogue: 0,0:07:10.25,0:07:12.39,Default,,0000,0000,0000,,can answer their more pressing needs.
Dialogue: 0,0:07:12.87,0:07:14.27,Default,,0000,0000,0000,,What's private to you
Dialogue: 0,0:07:14.30,0:07:17.03,Default,,0000,0000,0000,,is different from\Nwhat's private to others.
Dialogue: 0,0:07:17.05,0:07:19.49,Default,,0000,0000,0000,,What's private to you now
Dialogue: 0,0:07:19.52,0:07:23.04,Default,,0000,0000,0000,,is different from what was private\Nwhen you were in college.
Dialogue: 0,0:07:23.06,0:07:24.46,Default,,0000,0000,0000,,Or, at least, I hope so.
Dialogue: 0,0:07:24.49,0:07:26.40,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:07:26.43,0:07:30.63,Default,,0000,0000,0000,,We are always,\Nalthough often subconsciously,
Dialogue: 0,0:07:30.65,0:07:31.100,Default,,0000,0000,0000,,making such trade-offs
Dialogue: 0,0:07:32.02,0:07:36.07,Default,,0000,0000,0000,,based on our diverse personal beliefs\Nand life priorities.
Dialogue: 0,0:07:36.10,0:07:40.02,Default,,0000,0000,0000,,That is why data ownership\Nwould be incomplete
Dialogue: 0,0:07:40.04,0:07:41.80,Default,,0000,0000,0000,,without a pricing power.
Dialogue: 0,0:07:42.66,0:07:45.34,Default,,0000,0000,0000,,By assigning pricing power to individuals,
Dialogue: 0,0:07:45.36,0:07:49.59,Default,,0000,0000,0000,,we gain a tool to reflect\Nour personal and nuanced preferences.
Dialogue: 0,0:07:49.61,0:07:53.05,Default,,0000,0000,0000,,So, for example, you could choose\Nto donate your data for free
Dialogue: 0,0:07:53.08,0:07:56.72,Default,,0000,0000,0000,,if a contribution\Nto a particular medical research
Dialogue: 0,0:07:56.75,0:07:58.53,Default,,0000,0000,0000,,is very meaningful for you.
Dialogue: 0,0:07:59.07,0:08:02.01,Default,,0000,0000,0000,,Or, if we had the tools\Nto set our behavior data
Dialogue: 0,0:08:02.03,0:08:05.31,Default,,0000,0000,0000,,at a price of, say,\N100,000 US dollars,
Dialogue: 0,0:08:05.34,0:08:07.77,Default,,0000,0000,0000,,I doubt any political group\Nwould be able to target
Dialogue: 0,0:08:07.79,0:08:09.66,Default,,0000,0000,0000,,or manipulate your vote.
Dialogue: 0,0:08:10.13,0:08:12.49,Default,,0000,0000,0000,,You control. You decide.
Dialogue: 0,0:08:13.40,0:08:15.95,Default,,0000,0000,0000,,Now, I know this sounds\Nprobably implausible,
Dialogue: 0,0:08:15.97,0:08:17.65,Default,,0000,0000,0000,,but trends are already pointing to
Dialogue: 0,0:08:17.68,0:08:22.46,Default,,0000,0000,0000,,a growing and very powerful\Nindividual data ownership movement.
Dialogue: 0,0:08:22.48,0:08:24.95,Default,,0000,0000,0000,,First, start-ups\Nare already creating tools
Dialogue: 0,0:08:24.97,0:08:27.34,Default,,0000,0000,0000,,to allow us to take back some control.
Dialogue: 0,0:08:27.36,0:08:30.43,Default,,0000,0000,0000,,A new browser called Brave
Dialogue: 0,0:08:30.46,0:08:33.97,Default,,0000,0000,0000,,empowers users with "Brave Shields" --\Nthey literally call it that --
Dialogue: 0,0:08:33.99,0:08:38.100,Default,,0000,0000,0000,,by aggressively blocking\Ndata-grabbing ads and trackers,
Dialogue: 0,0:08:39.02,0:08:41.50,Default,,0000,0000,0000,,and avoid leaking data\Nlike other browsers.
Dialogue: 0,0:08:41.53,0:08:46.47,Default,,0000,0000,0000,,In return, users can take back\Nsome bargaining and pricing power.
Dialogue: 0,0:08:46.49,0:08:49.70,Default,,0000,0000,0000,,When users opt in to accept ads,
Dialogue: 0,0:08:49.73,0:08:53.10,Default,,0000,0000,0000,,Brave rewards users\Nwith "basic attention tokens"
Dialogue: 0,0:08:53.13,0:08:57.35,Default,,0000,0000,0000,,that can redeem content\Nbehind paywalls from publishers.
Dialogue: 0,0:08:58.69,0:09:00.74,Default,,0000,0000,0000,,And I've been using Brave\Nfor a few months.
Dialogue: 0,0:09:00.76,0:09:04.72,Default,,0000,0000,0000,,It has already blocked\Nmore than 200,000 ads and trackers
Dialogue: 0,0:09:04.74,0:09:07.37,Default,,0000,0000,0000,,and saved hours of my time.
Dialogue: 0,0:09:07.70,0:09:10.32,Default,,0000,0000,0000,,Now, I know some of you\Ninteract with your browser
Dialogue: 0,0:09:10.34,0:09:12.56,Default,,0000,0000,0000,,more than with your partners, so --
Dialogue: 0,0:09:12.58,0:09:13.62,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:09:13.65,0:09:18.30,Default,,0000,0000,0000,,you should at least find one that doesn't\Nwaste your time and is not creepy.
Dialogue: 0,0:09:18.32,0:09:19.94,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:09:22.11,0:09:24.70,Default,,0000,0000,0000,,Do you think Google is indispensable?
Dialogue: 0,0:09:25.35,0:09:26.61,Default,,0000,0000,0000,,Think again.
Dialogue: 0,0:09:26.63,0:09:29.65,Default,,0000,0000,0000,,A search engine is indispensable.
Dialogue: 0,0:09:29.67,0:09:31.34,Default,,0000,0000,0000,,Google just has the monopoly --
Dialogue: 0,0:09:31.37,0:09:32.52,Default,,0000,0000,0000,,for now.
Dialogue: 0,0:09:32.54,0:09:36.73,Default,,0000,0000,0000,,A search engine called DuckDuckGo\Ndoesn't store your personal information
Dialogue: 0,0:09:36.76,0:09:38.28,Default,,0000,0000,0000,,or follow you around with ads
Dialogue: 0,0:09:38.30,0:09:40.96,Default,,0000,0000,0000,,or track your personal browsing history.
Dialogue: 0,0:09:40.98,0:09:43.80,Default,,0000,0000,0000,,Instead, it gives all users\Nthe same search results
Dialogue: 0,0:09:43.82,0:09:47.72,Default,,0000,0000,0000,,instead of based on\Nyour personal browsing records.
Dialogue: 0,0:09:48.56,0:09:51.34,Default,,0000,0000,0000,,In London, a company called digi.me
Dialogue: 0,0:09:51.36,0:09:54.24,Default,,0000,0000,0000,,offers an app you can download\Non your smartphone
Dialogue: 0,0:09:54.26,0:09:59.01,Default,,0000,0000,0000,,that helps to import and consolidate\Nyour data generated by you
Dialogue: 0,0:09:59.03,0:10:01.21,Default,,0000,0000,0000,,from your Fitbit, Spotify,
Dialogue: 0,0:10:01.24,0:10:02.81,Default,,0000,0000,0000,,social media accounts ...
Dialogue: 0,0:10:03.40,0:10:06.42,Default,,0000,0000,0000,,And you can choose\Nwhere to store your data,
Dialogue: 0,0:10:06.44,0:10:10.78,Default,,0000,0000,0000,,and digi.me will help you\Nto make your data work for you
Dialogue: 0,0:10:10.81,0:10:13.97,Default,,0000,0000,0000,,by providing insights that used\Nto be exclusively accessible
Dialogue: 0,0:10:13.99,0:10:15.64,Default,,0000,0000,0000,,by large data companies.
Dialogue: 0,0:10:16.58,0:10:21.48,Default,,0000,0000,0000,,In DC, a new initiative\Ncalled UBDI, U-B-D-I,
Dialogue: 0,0:10:21.50,0:10:23.92,Default,,0000,0000,0000,,Universal Basic Data Income,
Dialogue: 0,0:10:23.95,0:10:25.94,Default,,0000,0000,0000,,helps people to make money
Dialogue: 0,0:10:25.96,0:10:29.98,Default,,0000,0000,0000,,by sharing anonymous insights\Nthrough their data
Dialogue: 0,0:10:30.00,0:10:32.68,Default,,0000,0000,0000,,for companies that can use them\Nfor market research.
Dialogue: 0,0:10:33.56,0:10:36.36,Default,,0000,0000,0000,,And whenever a company purchases a study,
Dialogue: 0,0:10:36.38,0:10:40.47,Default,,0000,0000,0000,,users get paid in cash and UBDI points\Nto track their contribution,
Dialogue: 0,0:10:40.49,0:10:43.64,Default,,0000,0000,0000,,potentially as much\Nas 1,000 US dollars per year
Dialogue: 0,0:10:43.66,0:10:45.93,Default,,0000,0000,0000,,per their estimation.
Dialogue: 0,0:10:47.42,0:10:51.30,Default,,0000,0000,0000,,UBDI could be a very feasible path\Nfor universal basic income
Dialogue: 0,0:10:51.33,0:10:52.79,Default,,0000,0000,0000,,in the AI economy.
Dialogue: 0,0:10:53.64,0:10:59.38,Default,,0000,0000,0000,,Further, individual awareness\Nof privacy and data ownership
Dialogue: 0,0:10:59.40,0:11:00.64,Default,,0000,0000,0000,,is growing fast
Dialogue: 0,0:11:01.42,0:11:05.94,Default,,0000,0000,0000,,as we all become aware of this monster\Nwe have unleashed in our pocket.
Dialogue: 0,0:11:06.68,0:11:09.15,Default,,0000,0000,0000,,I'm a mother of two preteen girls,
Dialogue: 0,0:11:09.17,0:11:10.77,Default,,0000,0000,0000,,and trust me,
Dialogue: 0,0:11:10.79,0:11:15.99,Default,,0000,0000,0000,,the single biggest source of stress\Nand anxiety as a parent,
Dialogue: 0,0:11:16.01,0:11:19.78,Default,,0000,0000,0000,,for me, is my children's\Nrelationship with technology.
Dialogue: 0,0:11:21.16,0:11:25.00,Default,,0000,0000,0000,,This is a three-page agreement\Nmy husband and I make them sign
Dialogue: 0,0:11:25.02,0:11:27.30,Default,,0000,0000,0000,,before they receive\Ntheir first [mobile phone].
Dialogue: 0,0:11:27.32,0:11:28.99,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:11:29.62,0:11:31.94,Default,,0000,0000,0000,,We want to help them to become
Dialogue: 0,0:11:33.19,0:11:35.77,Default,,0000,0000,0000,,digital citizens,
Dialogue: 0,0:11:35.80,0:11:41.49,Default,,0000,0000,0000,,but only if we can make them\Nbecome smart and responsible ones.
Dialogue: 0,0:11:41.51,0:11:45.65,Default,,0000,0000,0000,,I help them to understand\Nwhat kind of data should never be shared.
Dialogue: 0,0:11:46.93,0:11:48.50,Default,,0000,0000,0000,,So if you Google me,
Dialogue: 0,0:11:48.52,0:11:51.99,Default,,0000,0000,0000,,in fact -- actually, sorry --\Nif you DuckDuckGo me,
Dialogue: 0,0:11:52.01,0:11:55.29,Default,,0000,0000,0000,,you will find maybe a lot\Nabout me and my work,
Dialogue: 0,0:11:55.32,0:11:58.02,Default,,0000,0000,0000,,but you may find no information\Nabout my daughters.
Dialogue: 0,0:11:58.71,0:11:59.86,Default,,0000,0000,0000,,When they grow up,
Dialogue: 0,0:11:59.89,0:12:03.19,Default,,0000,0000,0000,,if they want to put themselves out there,\Nit's their choice, not mine,
Dialogue: 0,0:12:03.21,0:12:05.79,Default,,0000,0000,0000,,despite that I insist\Nthey're the most beautiful,
Dialogue: 0,0:12:05.81,0:12:09.76,Default,,0000,0000,0000,,smartest and most extraordinary\Nkids in the world, of course.
Dialogue: 0,0:12:11.47,0:12:14.22,Default,,0000,0000,0000,,And I know many people\Nare having similar conversations
Dialogue: 0,0:12:14.24,0:12:16.01,Default,,0000,0000,0000,,and making similar decisions,
Dialogue: 0,0:12:16.04,0:12:17.33,Default,,0000,0000,0000,,which gives me hope
Dialogue: 0,0:12:17.36,0:12:20.48,Default,,0000,0000,0000,,that a truly smart data-rich future\Nwill be here soon.
Dialogue: 0,0:12:21.59,0:12:24.98,Default,,0000,0000,0000,,But I want to highlight\Nthe Clause 6 of this agreement.
Dialogue: 0,0:12:25.00,0:12:28.63,Default,,0000,0000,0000,,It says, "I will never, ever search\Nfor any information online
Dialogue: 0,0:12:28.66,0:12:32.12,Default,,0000,0000,0000,,if I would be embarrassed\Nif seen by Grandma Dawnie."
Dialogue: 0,0:12:32.14,0:12:33.21,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:12:33.24,0:12:35.10,Default,,0000,0000,0000,,Try it. It's really effective.
Dialogue: 0,0:12:35.13,0:12:36.50,Default,,0000,0000,0000,,(Laughter)
Dialogue: 0,0:12:37.59,0:12:39.55,Default,,0000,0000,0000,,Throughout history,
Dialogue: 0,0:12:39.57,0:12:45.59,Default,,0000,0000,0000,,there has always been a trade-off\Nbetween liberty and equality
Dialogue: 0,0:12:45.61,0:12:48.20,Default,,0000,0000,0000,,in the pursuit of prosperity.
Dialogue: 0,0:12:48.66,0:12:55.02,Default,,0000,0000,0000,,The world has constantly been going\Nthrough the circle of wealth accumulation
Dialogue: 0,0:12:55.05,0:12:56.99,Default,,0000,0000,0000,,to wealth redistribution.
Dialogue: 0,0:12:57.56,0:13:00.67,Default,,0000,0000,0000,,As the tension between\Nthe haves and have-nots
Dialogue: 0,0:13:00.70,0:13:02.89,Default,,0000,0000,0000,,is breaking so many countries,
Dialogue: 0,0:13:02.92,0:13:05.33,Default,,0000,0000,0000,,it is in everyone's interest,
Dialogue: 0,0:13:05.35,0:13:07.85,Default,,0000,0000,0000,,including the large data companies,
Dialogue: 0,0:13:07.88,0:13:11.17,Default,,0000,0000,0000,,to prevent this new form of inequality.
Dialogue: 0,0:13:11.100,0:13:17.30,Default,,0000,0000,0000,,Of course, individual data ownership\Nis not the perfect nor the complete answer
Dialogue: 0,0:13:17.32,0:13:19.75,Default,,0000,0000,0000,,to this profoundly complex question
Dialogue: 0,0:13:19.77,0:13:23.79,Default,,0000,0000,0000,,of what makes a good digital society.
Dialogue: 0,0:13:24.99,0:13:26.55,Default,,0000,0000,0000,,But according to McKinsey,
Dialogue: 0,0:13:28.32,0:13:34.38,Default,,0000,0000,0000,,AI will add 13 trillion US dollars\Nof economic output in the next 10 years.
Dialogue: 0,0:13:34.88,0:13:38.10,Default,,0000,0000,0000,,Data generated by individuals\Nwill no doubt contribute
Dialogue: 0,0:13:38.12,0:13:40.56,Default,,0000,0000,0000,,to this enormous growth.
Dialogue: 0,0:13:41.72,0:13:44.66,Default,,0000,0000,0000,,Shouldn't we at least consider\Nan economic model
Dialogue: 0,0:13:44.69,0:13:46.56,Default,,0000,0000,0000,,that empowers the people?
Dialogue: 0,0:13:47.06,0:13:51.75,Default,,0000,0000,0000,,And if private ownership helped\Nto lift more than 850 million people
Dialogue: 0,0:13:51.78,0:13:53.71,Default,,0000,0000,0000,,out of poverty,
Dialogue: 0,0:13:53.73,0:13:55.73,Default,,0000,0000,0000,,it is our duty
Dialogue: 0,0:13:55.75,0:13:58.80,Default,,0000,0000,0000,,and we owe it to future generations
Dialogue: 0,0:13:58.82,0:14:02.34,Default,,0000,0000,0000,,to create a more inclusive AI economy
Dialogue: 0,0:14:02.36,0:14:06.78,Default,,0000,0000,0000,,that will empower the people\Nin addition to businesses.
Dialogue: 0,0:14:06.81,0:14:07.98,Default,,0000,0000,0000,,Thank you.
Dialogue: 0,0:14:08.01,0:14:11.15,Default,,0000,0000,0000,,(Applause)