The AI ‘Innovation’ Machine — Towards a New Dawn?

Peter T. Golder

Chapter 4 in recøde:Innovation – Transformation – Mindset: Shaping the Future of Global Financial Markets and How to Avoid Membership of the '70% Failure Club', 2026, pp 195-327 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Key Points — 1. The New Dawn? Why? and Why Now; 2. Forms of AI — Definitional Clarity; 3. AI Economics, Business Models; 4. AI Product vs Feature; 5. Technology; 6. Hallucination, Confabulation; 7. AI Prediction Power and Forecasting; 8. Ethical and Policy Considerations; 9. Prelude vs Prologue — Distance to AGI

Keywords: Capital Markets; Financial Markets; Business Model; Ambition; Change; Innovation; Mindset; Transformation; New Games; Artificial Intelligence; Ecosystem; Network; Value Creation; Forecast; Roadmap; Blueprint; Money; Risk; Fiat; DEFI; Crypto; CBDC; Newfi; Tradfi; Generative Innovation; Culture; Structure; Creativity; Portfolio View; Disruption; Surprise; Future; Time Architecture; Digital Financial Market Infrastructure; Market Microstructure; Asset Agnostic Infrastructure; Time to Revenue; Regulation; Starting Point/End Point; Migration; Exploration; Exploitation; Ambidexterity; Ambiguity; Real Options; Cognitive Dissonance; Ethics; Corporate Ambition; Stablecoin; Post Trade; Clearing; Settlement; Atomic; Trading; Behavior; Data; Information; Value; Growth; Strategy; Adaptation; Web3; Blockchain; DLT; Decentralized/Centralized; DEX/CEX; Privacy; Identity; Automated Market Maker; Optionality; Finance; Ethics; Buy/Build/Partner; Political Capital (search for similar items in EconPapers)
JEL-codes: E44 G10 G23 L22 O31 (search for similar items in EconPapers)
Date: 2026
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