how important is it and its rivals, like rocket lab and jeff bezos s blue 0rigin how important are those companies in fuelling the space economy into the future? the only reason that we re speaking about space as an investment category today is because of spacex. a little over ten years ago, before their first commercial flight, the entire market was really government dominated. they reduced the barriers to entry and they brought the cost of accessing orbit way down and brought transparency to a market where it otherwise didn t exist previously. so what that meant was that companies could then start to go out and build business plans and raise venture capital to fund innovative new ideas, innovative new approaches and business models, leveraging small satellite platforms. the us investment bank morgan stanley, it s forecasting the space economy. it says it s going to triple in size to reach $1 trillion by 2040.
than rockets and hardware. it is the invisible back then that powers our global gps helps us get where we want to go. it helps goods gets to their destination across the globe. and it enables our financial markets. without it our financial markets. without it our financial markets would not work. space technologies are foundational. you are invested technologies are foundational. you are invested in technologies are foundational. you are invested in elon musk s spacex are invested in elon musk s spacex but i am wondering, how important is it and its rivals like ges bathos s blue origin. how important are those companies feeling the space economy? the only reason we are speaking at space as an investment category todayis space as an investment category today is because of spacex. a little over ten years ago before their first commercial flight, the entire market was really government dominated. they have reduced barriers to entry and they brought the cost of accessing a bit of a
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questions are going to come up? those questions are central but as the secretary general noted, even in other areas like development and humanitarian efforts, it is important to look at the risks and potential and the ethical uses of el but it is important to demystify the idea is autonomous ethical uses of ai. idea is autonomous ethical uses of al. the combination of incompetent humans with sophisticated ai incompetent humans with sophisticated al or malicious humans with access to ai because the barriers to entry have been lowered is the concern but there is no reason to imagine sophisticated and ethical governments cannot use the technology to deter malicious users of ai itself. ., ., ., ,
way in which we think about issues, but the second piece is, our institutions will have to step up. i know the colleges here in massachusetts are looking to do just that, forming a coalition to come together to think about all the ways in which we could remove barriers to entry, ways in which we need to invest into the k-12 education system, especially for students of color, and address the inequities that exist there, look at the financial aid packages and other ways in which other students or populations are benefiting decorate barriers for folks of color to join these institutions. so a lot more in common. i and my team work really hard. we re not wasting any time to make sure that regardless of the outcome of the decision, that we re doing what is necessary on the ground to afford folks the opportunity they so deserved. now you and what you stated about your experiences in law school and california, the data shows that when california went