The future of digital markets
The Future of Everything
Workforce, Training, and Experimentation
Gabriel recommends training workers to experiment with LLMs and enabling small businesses to adopt natural-language tools.
Gabriel Weintraub studies how digital markets evolve. In that regard, he says platforms like Amazon, Uber, and Airbnb have already disrupted multiple verticals through their use of data and digital technologies. Now, they face both the opportunity and the challenge of leveraging AI to further transform markets, while doing so in a responsible and accountable way. Weintraub is also applying these insights to ease friction and accelerate results in government procurement and regulation. Ultimately, we must fall in love with solving the problem, not with the technology itself, Weintraub tells host Russ Altman on this episode of Stanford Engineering’s The Future of Everything podcast.
Have a question for Russ? Send it our way in writing or via voice memo, and it might be featured on an upcoming episode. Please introduce yourself, let us know where you're listening from, and share your question. You can send questions to thefutureofeverything@stanford.edu.
Episode Reference Links:
- Stanford Profile: Gabriel Weintraub
Connect With Us:
- Episode Transcripts >>> The Future of Everything Website
- Connect with Russ >>> Threads / Bluesky / Mastodon
- Connect with School of Engineering >>> Twitter/X / Instagram / LinkedIn / Facebook
Chapters:
(00:00:00) Introduction
Russ Altman introduces guest Gabriel Weintraub, a professor of operations, information, and technology at Stanford University.
(00:03:00) School Lunches to Digital Platforms
How designing markets in Chile led Gabriel to study digital marketplaces.
(00:03:57) What Makes a Good Market
Outlining the core principles that constitute a well-functioning market.
(00:05:29) Opportunities and Challenges Online
The challenges associated with the vast data visibility of digital markets.
(00:06:56) AI and the Future of Search
How AI and LLMs could revolutionize digital platforms.
(00:08:15) Rise of Vertical Marketplaces
The new specialized markets that curate supply and ensure quality.
(00:10:23) Winners and Losers in Market Shifts
How technology is reshaping industries from real estate to travel.
(00:12:38) Government Procurement in Chile
Applying market design and AI tools to Chile’s procurement system.
(00:15:00) Leadership and Adoption
The role of leadership in modernizing government systems.
(00:18:59) AI in Government and Regulation
Using AI to help governments streamline complex bureaucratic systems.
(00:21:45) Streamlining Construction Permits
Piloting AI tools to speed up municipal construction-permit approvals.
(00:23:20) Building an AI Strategy
Creating an AI strategy that aligns with business or policy goals.
(00:25:26) Workforce and Experimentation
Training employees to experiment with LLMs and explore productivity gains.
(00:27:36) Humans and AI Collaboration
The importance of designing AI systems to augment human work, not replace it.
(00:28:26) Future in a Minute
Rapid-fire Q&A: AI’s impact, passion and resilience, and soccer dreams.
(00:30:39) Conclusion
Connect With Us:
Episode Transcripts >>> The Future of Everything Website
Connect with Russ >>> Threads / Bluesky / Mastodon
Connect with School of Engineering >>>Twitter/X / Instagram / LinkedIn / Facebook
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
The AI-powered Podcast Player
