Events
2024 LUOHAN ACADEMY ANNUAL DIGITAL ECONOMY CONFERENCE
July 3, 2024

EXPLORING THE EVOLVING DIGITAL FUTURE

We indeed live in interesting times. As we convene the fourth edition of our annual conference, several emerging trends are particularly noteworthy. On the technological front, advances in AI unleash as much transformative power and hope as concerns. On the economic front, globalization is entering a distinctively new stage with geopolitical tension and multipolar growth on the rise. On the environmental front, while sustainability remains a daunting challenge due to global disparity, recent technological progress is providing new fuels for both optimism and conflicts of interest. Thus, these technological, economic, and environmental issues are intertwined, making our human lives more complex than ever.


To this end, we are making a concerned effort to enrich the dialogue by placing a stronger emphasis on the impact of frontier technology this year. We have accordingly designed six sessions to address these complex and pressing issues


·AI and the Future of Socio-economic Development

·Globalization and Multipolar Growth

·Fintech and AI

·AI for Business

·AI, Ageing and Redefining the Workforce

·Green AI and Sustainable Development

As an invitation-only event, a distinguished group of scholars, including Nobel-prize winning economists, world's leading scientists, technology experts, LLM practitioners, AI innovators and pioneering entrepreneurs have already confirmed their onsite attendance. Following our tradition of convening the world's best minds and fostering interdisciplinary discussions, we aim to generate cutting-edge insights and find solutions to the challenges facing global society.

Date

July 4 to 5, 2024

Conference Venue

Guanghua Tower, Fudan University (Handan Campus), Shanghai

Sessions

July 4th

09:00-09:10, Multifunction Hall, 13th Floor, Guanghua Tower

Opening Remarks by Long Chen (President of Luohan Academy)

09:10-12:00, Multifunction Hall, 13th Floor, Guanghua Tower
Forum I : AI and the Future of Socio-economic Development
Moderator: Long Chen (President of Luohan Academy)

The advent of large language models, populated by GPT, heralds the dawn of humanity's pursuit of artificial general intelligence (AGI), poised to instigate profound changes, both economically and technologically. This forum will explore three pivotal questions: What are the future directions and boundaries of AI, and how close are we to achieving AGI? What is the economic logic of AI, its impact on the economy, its pace, and boundaries, and how does this impact vary across countries at different development stages? Finally, how will various industries adapt to and embrace AI?

Session 1: Developments and applications of AI (09:10-10:30)
Thomas Sargent (Professor of Economics at NYU, 2011 Nobel Laureate in Economics) - "AI Promises and Challenges: Tasks and Jobs"

Yugang Jiang (Vice President and Professor of Computer Science at Fudan University) - "On the Trustworthiness of Large-Scale AI Models"

Yuan Qi (Fudan-Haoqing Distinguished Professor, Director of the Shanghai Academy of Artificial Intelligence for Science) - "AI-driven Revolution in Scientific Paradigms and Industrial Innovation"

Min Zhu (Vice Chairman of China Center for International Economic Exchange, Former Deputy Managing Director of the International Monetary Fund) - "Data Capitalization in the Age of AI"

10:30-10:50  Coffee break
Session 2: Roundtable Dialogue (10:50-12:00): Thomas Sargent, Yugang Jiang, Yuan Qi and Long Chen

13:45-17:30, Siyuan Hall, 30th Floor, Guanghua Tower
Forum II: Globalization and Multipolar Growth
Moderator: Ginger Jin (Professor of Economics at Maryland)
The role of globalization as a key driver of world economic growth remains solid, but three emerging factors seem to redefine it. First, the new geopolitical landscape is reshaping the rules and boundaries of globalization. Second, the emerging multipolarity characterized by multipolar growth is becoming increasingly salient. Third, digital technologies, especially AI, are bringing unprecedented new opportunities to globalization. Against this backdrop, changes are occurring in supply chain coordination, international trade, the flow of capital, technology, personnel, the financial system, and the degree of corporate globalization. What, then, are the most important features of global economic growth and globalization in this era? Which aspects will be most affected? How should countries and enterprises embrace this new wage of globalization?

Session 1: A New Landscape of Globalization (13:45-16:00)
Haizhou Huang (Member of the Monetary Policy Committee of PBC; Special-term Professor at PBCSF, Tsinghua University) - "Money Capital and Global Growth"

Yuanchun Liu (President of Shanghai University of Finance and Economics) - "New Economic Landscape Driven by Divergent Growth"

Jun Zhang (Dean of School of Economics at Fudan University, Distinguished Professor of Humanities at Fudan) - "How to Think About the Prospects for Global Growth Today?"

Erik Berglöf (Chief Economist at AIIB) - "Dancing with Elephants: Catching Up in the New Phase of Globalization"

15:05-15:20  Coffee break
Kaifu Zhang (Vice President of Alibaba Group) - "Leveraging AI to Accelerate the Globalization of SMEs"
Amelia Santos-Paulino (Senior Economist at UNCTAD) - "Investment Facilitation and Digital Government"

Panel Discussion (16:00-17:20): 

Haizhou Huang, Yuanchun Liu, Jun Zhang, Erik Berglöf, Kaifu Zhang and Amelia Santos-Paulino


Concluding remarks (17:20-17:30): 

Ginger Jin

13:45-17:30, Multifunction Hall, 13th Floor, Guanghua Tower

Forum III: Fintech and AI
Moderator: Yi Huang (Professor of Finance at Fudan)
As an information-based industry, Fintech has long been expected to drive financial innovation. To date, to what extent has Fintech truly transformed the financial system and financial practices? In what areas has it fallen short of expectations? What challenges and limitations does it face? How should we anticipate the future development of Fintech? Can AI become a new engine for financial innovation?

Session 1: Frontier Practices and Exploration of Fintech (13:45-14:45)
Hao Huang (Senior Vice President at Ant Group) - "Exploration of AI in Insurtech"

Zixia Sheng (CEO of New Hope Financial Services) - "Risk Management of Supply Chain Finance through The Lens of Big Data"

Fan Zhang (Chief Operating Officer at Zhipu AI) - "Exploration and Best Practices of LLM"

14:45-15:00  Coffee break
Session 2: Fintech Frontiers in Academic Research (15:00-16:20)

Wei Xiong (John H. Scully '66  Professor in Finance and Professor of Economics at Princeton University, Fellow of the Econometric Society) - "The Big Tech Lending Model"

Bernard Yeung (President of Asian Bureau of Finance and Economic Research,  Distinguished Professor in Finance and Strategic Management at NUS and SUSTech) - "Fin-Tech & Low-Hanging Fruits: Legal Reform, Technology and Bank Lending"

Hui Chen (Nomura Professor of Finance at MIT Sloan School of Management) - "Market for Manipulable Information"

Liyan Yang (Professor of Finance at Rotman School of Management, University of Toronto) - "Man versus Machine: Implications of AI-Powered Trading for Financial Markets"


Panel Discussion (16:20-17:20): 

Zixia Sheng, Fan Zhang, Bernard Yeung, Liyan Yang, Hui Chen and Wei Xiong

Concluding remarks (17:20-17:30): 

Bengt Holmström (Professor of Economics at MIT, 2016 Nobel Laureate in Economics, online)


July 5th
09:00-09:10, Multifunction Hall, 13th Floor, Guanghua Tower
Opening Remarks by Li Jin (President of Fudan University, Fellow of Chinese Academy of Sciences)

09:10-12:00, Multifunction Hall, 13th Floor, Guanghua Tower
Forum IV: AI for Business
Moderator: Long Chen (President of Luohan Academy)
On one hand, AI is advancing rapidly with staggering progress; on the other hand, the disruptive business innovations that both excite and concern people are not keeping pace. From an industry perspective, which AI technologies have the highest potential for successful commercialization? What are the logic, scope, and pace of AI's impact on industries? From the perspective of users and products, how can we understand the value of AI? What are the current cutting-edge practices in AI business? What are the most important trends and development trajectories of AI?

Session 1: Prospects for the commercialization of AI (09:10-10:10)
Ming Zeng (Former Chief Strategy Officer of Alibaba Group) - "How Disruptive Technologies Drive the Cycle of Business Innovation"

Yuxin Chen (Dean of Business School and Distinguished Professor of Business at NYU-Shanghai) - "AI with Consumer Mindset: Prospects for Business Applications Beyond Content Generation"

Chengqi Zhang (Pro Vice-Chancellor at University of Technology Sydney, IJCAI-2024 Conference Chair) - "The Application and Impact of Generative AI in Business"

10:10-10:30  Coffee break

Session 2: AI practices in business (10:30-11:10)
Tianshu Sun (Dean's Distinguished Chair Professor of Information Systems at Cheung Kong Graduate School of Business) - "Human-AI Collaboration, Co-creation and Co-evolution: Towards a Data-driven Economy of Intelligence"

Pingzhong Tang (Associate Professor at the Institute of for Interdisciplinary Information Sciences, Tsinghua University and Founder of Turing Sense) - "AI as a service in E-commerce"

Roundtable Dialogue (11:10-12:00): 

Ming Zheng, Yuxin Chen, Chengqi Zhang, Pingzhong Tang, Tianshu Sun, and Long Chen

13:45-16:30, Multifunction Hall, 13th Floor, Guanghua Tower
Forum V: AI, Ageing and Redefining the Workforce

Moderator: Hanming Fang (Professor of Economics at Pennsylvania University, Fellow of the Econometric Society)

The challenges posed by an ageing population to human society are becoming increasingly severe. On one hand, artificial intelligence offers new hope for addressing these issues; on the other hand, it is redefining the workforce. In this forum, we will first summarize the key characteristics and challenges of an ageing society and evaluate the extent to which AI can mitigate these challenges. We will also explore the latest advancements in AI technologies and business practices aimed at addressing ageing. Next, we will discuss how AI will redefine the workforce, what types of AI-literate workers companies will need in the future, the changes expected in the labor market, and how we can equip workers with the necessary AI skills for the future.

Session 1: Challenges and responses to an Ageing society (13:45-14:30)
Xizhe Peng (Dean of Fudan Institute on Ageing, Distinguished Professor of Humanities at Fudan) - "Leveraging the Elderly to Promote Sustainable Socio-economic Development"

Xi Chen (Associate Professor of Global Health and Economics at Yale University) - "Ageing and The Transformation of Health Policy"

Xiaohua Chen (Founder and CEO of Daojia Ltd.) - "Inclusive Homecare Services Driven by Digital Collaboration"

14:30-14:45  Coffee break

Session 2: Practices and Explorations of using AI in an ageing society (14:45-15:30)
Chunyan Miao (Associate Vice President, President's Chair in Computer Science at NTU, Fellow of the Academy of Engineering, Singapore) - "AI for Ageing Health"

Alex Zhavoronkov (Founder and CEO of Insilico Medicine) - "AI and Robotics for Drug Discovery and Longevity Research"

Kebin Dai (Founder and CEO at Liepin Ltd.) - "In the Age of AI: New Forms of Super Individuals and Organizations"

Panel Discussion (15:30-16:10): 

Xi Chen, Xiaohua Chen, Chunxiao Liang, Alex Zhavoronkov, Chunyan Miao and Kebin Dai


Concluding remarks (16:10-16:30): 

Christopher Pissarides (Professor of Economics at LSE, 2010 Nobel Laureate in Economics, online)

13:45-16:30, Siyuan Hall, 30th Floor, Guanghua Tower
Forum VI: Green AI and Sustainable Development

Moderator: Zhiguo He (James Irvin Miller Professor of Finance at Stanford GSB)
Sustainable development remains a daunting challenge for the global community. Where do we currently stand in our progress toward sustainable development? Are we on the right path toward achieving the goals of reaching peak CO2 emissions by 2030 and attaining carbon neutrality by 2060? What are the key challenges that remain? On one hand, digital technologies, including AI, offer immense potential for enhancing the efficiency of energy use and the circular economy. On the other hand, AI itself is a significant consumer of energy. Would the recent surge in AI technologies and practices alleviate or exacerbate the challenges of sustainable development? What are the latest technological advancements and practices in the digital circular economy, and what are the implications behind? What efforts should society undertake to ensure that the ubiquitous application of AI could be aligned with the goals of sustainable development?

Session 1: Frontiers of sustainability (13:45-14:45)
Patrick Bolton (Professor of Finance and Economics at Imperial College, Fellow of the Econometric Society) - "Climate Finance at a Crossroads"

Nebojša Nakićenović (Deputy Chair of the Group of Chief Scientific Advisors to the European Commission) - "Science, Technology and the Climate Crisis: A perspective from Europe"

Yonggang Wen (Fellow of the Academy of  Engineering of Singapore, Dean of Graduate College at NTU) - "Towards Greener AI and Computing to Enable the Twin Transition"

Libo Wu (Deputy Dean of Institute of Big Data and Professor of Economics at Fudan University) - "Sustainable AI and AI for Sustainability"

14:45-15:00  Coffee break

Session 2: AI for Climate: Business Practices and Explorations (15:00-15:30)
Erik Berglöf (Chief Economist at AIIB) - "China Net Zero Transition"

Selina Yuan (President of Alibaba Cloud Intelligence International and VP of Alibaba Group) - "How Ubiquitous AI and Cloud will Power the Green Transition"

Hao Xu (Tencent's Vice President of Sustainable Social Value) - "Why does a company with limited carbon footprint need to work on carbon neutrality?"

Panel Discussion (15:30-16:20): 

Patrick Bolton, Nebojša Nakićenović, Yonggang Wen, Libo Wu, Erik Berglöf, Hao Xu, Selina Yuan

Concluding remarks (16:20-16:30): 

Long Chen (President of Luohan Academy)

The Check-out session (July 5, 16:30-18:00, All Guests)
Venue: Multifunction Hall, 13th Floor, Guanghua Tower


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