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ILARIA CHAN
Chairperson of Tech For Good Institute (founded by Grab). Group Advisor at Grab. Global Keynote Speaker. Board Director of Humanitarian NGOs. Executive Coach. Venture Capital Investor & Advisor. Former Goldman Sachs
ILARIA CHAN is the Chairperson of the Board at the Tech For Good Institute, a non-profit think tank founded by Grab, aimed at fostering dialogue on social, economic, and policy trends influenced by the digital economy in Southeast Asia. She has held this position since September 2021 and also serves as the Group Advisor on Tech & Social Impact at Grab, a leading superapp in Southeast Asia valued at approximately $12 billion.123
Professional Background
Ilaria has an extensive background in finance and technology. Before her current roles, she was an Executive Director at Goldman Sachs from 2007 to 2011, where she worked in the Asia Equities division. Her career also includes various advisory and board positions, such as being a member of the Board of Advisors for Kinrise Real Estate and an Operating Advisor at Owl Ventures, the largest venture capital fund focused on education technology globally.123
Education and Personal Interests
Ilaria holds a Bachelor of Arts degree from Stanford University (2001-2005). Beyond her professional commitments, she is a global keynote speaker, private investor, and involved in humanitarian efforts, serving on the Board of Trustees for organizations like CareForChildren and Emancipaction. Additionally, she has diverse interests, including music, culinary arts, and scuba diving.23
Ilaria Chan's work emphasizes the intersection of technology and social impact, aiming to bridge gaps between business and humanitarian efforts while promoting sustainable development in the region.
Highlights
Every “Empowerment” movement requires Empowerees & Empowerers. Most headlines usually focus on the Empowerees (women, racial minority, low income groups etc) because it’s more sensational, yet, I feel not enough credit is being given to those who actively stand in the gap for those in need.
Many wonderful themes were covered during JP Morgan’s inspiring Women’s Forum, with keynote speaker Condoleezza Rice and many other industry-changing trailblazers sharing their wisdom. But I do want to shine a special spotlight on these often overlooked “Empowerers”.
For instance, there’s Condoleezza Rice's champion, George H.W. Bush, who changed the course of her career by declaring in front of Gorbachev & his White House staff that he deferred to Condoleezza for wisdom on Soviet Union foreign policy so that she could earn instantaneously public respect as a young woman of color.
Then, there’s my co-panelist John Wood, who wrote the international best seller “Leaving Microsoft to Change the World” and founded Room To Read & now U-Go, 2 global charities that have helped low income children and low income young women find higher education that can transform the course of their destinies, impacting lives by the millions.
Finally, I was admitted to the hospital for an emergency surgery just 2 days before this conference, which I had committed to be a speaker at. If my gem of a husband did not drop everything in front of him and flew 17 hours from USA to Singapore to care for me (literally picked up every bag for me because my wounds were too delicate for me to carry anything), I would not have been able to show up and speak at this conference.
Being an Empowerer is not exclusive to men, but anyone who has the ability to stand in the gap for those who may be (at that moment) weaker, more in need, lack luck in being dealt the right resources. It is moving and inspiring when I meet these real life everyday heroes.
When our moderator asked me what I’d say to our next generation, these are my thoughts:
“There's nothing more important than to understand other human beings in this age of AI. To our next generation: go do the difficult things. Try to broker peace between neighbors who are fighting, travel to a 3rd world country that's struggling and find solutions for them, make choices that are inconvenient but worthwhile. That way, you will always be able to add value to society.”
Thank you J.P. Morgan Private Bank for your kind invitation & feature.
J.P. Morgan Private Bank Harshika Patel Amy Tan Jennifer Ting
Thanks to Stanford Institute for Human-Centered Artificial Intelligence (HAI) & The Asia Foundation for your invitation last month to be a speaker at my alma mater Stanford University alongside leaders from Microsoft & the African Union Development Agency.
Sitting in an intentionally curated room with fellow Tech executives from OpenAI, TikTok, NVIDIA etc, we discussed how AI can truly impact the Global South (developing countries) & more importantly the current limitations.
The best part of the event - knowing some people in the world truly care about the welfare of the have-nots. One delegate even flew all the way from Nepal (over 30 hrs in transit) to stay only for a matter of hours and self-funds his research on this topic.
Our sharing was under Chatham House Rules, but here are some personal reflections:
1. Whilst in developed countries we debate about whether generative AI technology such as chatGPT will replace white collar jobs, the developing world is looking to AI for solving basic everyday needs such as safety and obtaining a first time loan from a bank
2. In the Global South, countries still struggle with instability of power grids (which prohibits their ability to benefit from AI innovation via online apps), the high costs of high bandwidth networking equipment, data gaps for local languages, lack of high quality digitized text for LLM training, and the environmental impact of climate change caused by manufacturing of more hardware & maintenance of data centers that are crucial to AI innovation
3. For instance, in Malaysia’s affluent capital city Kuala Lumpur citizens can enjoy up to 800MB/second connection whereas in Sarawak broadband speed is only ~1-4MB/second. In Myanmar women are 39% less likely to use the internet due to affordability & literacy. Whereas in Singapore (which is only several hrs away by flight) > 99% of its population have access to high speed internet
4. In order to bridge inequality, the Global South must fine tune their local data and develop astute methods for the application of LLM models to their proprietary data with a goal to improve the standard of living for the poorest in society
5. AI can be used to upgrade standards of living by access to applications such as real time translation of languages, creation of credit proxies and democratizing education. Countries & organizations that can bridge the gaps to provide necessary infrastructure can make significant impact on these societies
6. Like everything else in life, without deliberation the gaps between the haves & have-nots will only widen, we must intervene to provide equitable access for the Global South
#techforgood Tech For Good Institute For more research by Tech For Good Institute, visit: https://lnkd.in/gAZkMibG
