Unemployment up. Housing values down. Equity markets down.

And we give those two boxes, those two relationships, a special name.

This innovation is at the heart of the transformation of American agriculture, and the rise of Chicago to a global market, agricultural market, superpower from where it was, a small regional town.

So we need what I call an exothermic economic reaction in space.

So this is the more formal definition of GDP

It has done more than just save a great deal of time.

That was, of course, the birth of the Chicago Board of Trade, which is the most famous commodity exchange in the world.

1943, Thomas Watson, Chairman of IBM says,

This test between problem and solution and your features and customers is actually sometimes called product market fit.

You might decide that's a strategy but that's kind of a counter in learning from an MVP.

Ideas are meant to be shared, so one idea can serve one world, one market.

Why is Cargill important?

And that business is agriculture.

I've looked to see what is the relationship between higher commodity prices of exports, and the growth of commodity exporting countries.

And you might actually sell your virtual products through theirs or physical products.

30 plus 32 gives us 62 growth.

Now, DeLauer dominates the world diamond market.

And the one we'll be actually talking about in some detail during the series of lectures is that you never actually found product market fit and there's too few people who will buy or will use the product.

Now, these suppliers were our big companies.

Data, data, data...

Indian companies to do a major part of their product development work for their global products which are going to be sold to the entire world.

When we went and talked to the people in those innovation centers and asked them what are they working on, they said, We are working on global products.

Zurich is the second largest gold market in the world after London.

The loot of a thousand worlds?

Citizens of the human hive,

And that's very important, because so many things hit the market at a price and then drift up.

And product market fit just simply says what is the match between what you are building and what customers need and want, and who are those customers.

And they did some research at Yankee

By now to get to this step we assumed you believe you have product market fit.

And competitors, there's many if you're wrong but very few if you're right, and your risk is that you get the market and product redefinition just wrong.

And in customer segments, the goal is to understand in detail the customer archetype or persona.

If people in poorer countries can be hit by a crisis that starts in New York or starts in the sub prime market of the United States of America.

Unfortunately, many of us in this room are supporters of capitalist policies and market forces.

We call that product market fit.

I'm a citizen of the world.

I am a citizen of the world.

The goal is to open one in every major city across the world.

And now we move up to the our item.

If this man had his own source of product on this side of the border... he would have the market to himself.

Global markets are panicked in early trading this morning in response to the crisis in Central Park.

There is a huge number of applications of artificial intelligence in finance, very often in the shape of making trading decisions in which case, the agent is called a trading agent.

But you really do want to understand how big is this problem, and is this what we want to spend our next couple years doing?

New York is among the largest cities in the world.

The market was flooded with imports.

China's Dalian Commodity Exchange, three years ago, 2004, overtook the Chicago Board of Trade to become the second largest commodity exchange in the world.