Much of the debate about artificial intelligence (AI) is about chatbots and automation. That matters for individual firms, but the bigger opportunity is national. AI is not primarily a technology story. It is an economic one.
In 1965, financier Michael Milken sketched a formula for prosperity that still holds: P = Ft × (HC + SC + RA).
Prosperity is Financial Technology multiplying Human Capital, Social Capital and Real Assets—the skills of our people, the trust in our institutions, and the farms, factories, power and digital infrastructure they depend on.
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