AI has quickly become the next general purpose technology and the ‘new platform for everything’ while setting off the biggest investment boom in the past 20 years. While many players focus on making smarter tools and generally improving business and society (what Gerd calls IA / Intelligent Assistance), others – such as OpenAI – seek to create an Artificial GENERAL Intelligence (AGI) i.e. a digital entity that surpasses humans in all relevant economic tasks. In his presentation, Gerd will show why he believes that Intelligent Assistance and what he calls CAVA (cognification, augmentation, virtualisation and automation) is mostly a good thing*, but generally intelligent machines would represent an existential risk for humanity. In either case, it is now becoming obvious that great science and amazing technology alone is not enough: we also need standards, rules and regulations so that AI can be beneficial to society and business alike. Gerd will explain how AI could result in The Good Future, if we play our cards right, and how we can protect ourselves from the negative side-effects: it’s all about competence, not consciousness, and it’s about collaboration not about starting another arms race. Keep the humans in the loop! Tools and Telos!