Duration: 1:09:39

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The combination of Moore's law and the Internet has changed everything. Innovation happens on the edges in ecosystems where standards are developed in non-governmental bodies, where intellectual property can become more of a burden to agility than an asset and where planning can cost more than doing. This massive reduction of the cost of production, distribution and collaboration has created an explosion of innovation in consumer Internet and software through startups. Hardware and biotech are going through a similar transformation. Ito will discuss innovation in open networks, the nature of risk, startups and the role and trajectory of the MIT Media Lab in this environment.