In The Hitchhiker’s Guide to the Galaxy, a computer called Deep Thought is asked to calculate the answer to the ultimate question, of Life, the Universe and Everything. For seven and a half million years, it runs its algorithm. Then it comes up with an answer. The answer to Life, the Universe and Everything, it says, is 42. Which just goes to show that asking the right questions is important, but understanding the answers matters even more. (...) In The Hitchhiker's Guide to the Galaxy, the Guide in question was a sort of electronic book. Although it was often wildly inaccurate, it was also a huge success. That was partly because of the words printed in big, friendly letters on the cover: “Don't Panic”. I think that's good advice. We certainly shouldn't panic about the way algorithms are affecting markets. But we do need to keep a close eye on how algorithms are developing. We do need to keep talking about what we’ve learned from our experiences. So that when science fiction becomes reality, we’re ready to deal with it. -- Margrethe Vestager, 18th conference on competition, 16 March 2017Posted by Isabelle le 2017-03-26
We all know that we are living in a historic time, and that our actions will have effects for generations to come. But we can't know exactly what effect we will have. All we can do is to trust in our values, and have the courage to act on them. -- Margrethe Vestager, Luther and the modern world, 14 November 2016Posted by Isabelle le 2016-11-26
Everyone here will have noted that the European Union has had a lot of media coverage in the past months – and not all of it flattering. We have heard a lot about the Greek crisis and we have seen and heard about hundreds of thousands of refugees seeking shelter from war-torn areas, and many more displaced in neighbouring countries. Something which has given space to numerous articles, radio and TV coverage throughout not only Europe but the rest of the world. Europe’s responses are watched closely all over the world. And I believe that all our responses will have profound implications for Europe’s future and our place in the world. But beyond the news and the front page headlines, we also get a lot of work done. We do have a European Union that works; takes decisions; and delivers. But a working machine room generally does not make it to the headlines. This is something important both for Europe and for the rest of the World. Commissioner Vestager, The Values of Competition Policy, 13 October 2015Posted by Isabelle le 2016-03-09
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