Networking Evening: “The Economics of the Fake: On Counterfeit Money and the Inflation of Artificial Data”

Networking Evening: “The Economics of the Fake: On Counterfeit Money and the Inflation of Artificial Data”

Artificial intelligence is rapidly transforming the way we organize concepts of value, truth, and trust. Studies suggest that AI-generated texts now
account for a significant portion of online content—with implications for public discourse, markets, and decision-making processes.

We begin with a historical lesson on counterfeit money and use this analogy to show how high-quality, mass-producible substitutes can undermine and destabilize supposedly stable systems of value and exchange.

We will then take a look at the opportunities and risks that the potential systemic consequences of a global and sustained overproduction of artificial data bring to light—whether technical, economic, social, or political.

During a closing panel discussion, the speakers will answer questions and engage with feedback from the audience. The event is specifically designed for an interdisciplinary audience from the fields of technology and product development, law, risk and security, leadership and strategy, as well as science, media, public administration, and education. You will learn clear terminology and receive an introduction to possible testing methods. We will then explain what synthetic data is and how it is generated. We will discuss the fundamental quality and testing standards that must be followed to
use it responsibly, as well as its current practical limitations.

You will learn clear terminology, receive an introduction to various testing and quality assurance approaches, and identify key questions for practical application across disciplinary boundaries.