Phillip Alvelda

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Dr. Phillip Alvelda, is the CEO and Chairman of Brainworks Foundry, Inc., a U.S. based developer of AI-enhanced healthcare technologies and services. Prior to Brainworks, Dr. Alvelda was a Program Manager at the Defense Advanced Research Projects Agency [DARPA] Biological Technologies Office where he developed and ran national scale R&D programs and technologies at the intersection of engineering and biology.

Prior to DARPA, Dr. Alvelda was the founding CEO of MobiTV, which launched the world’s first live television service over mobile networks, for which he was awarded an Emmy by the Academy of Motion Pictures, selected by Fast Company as the US’s 15th most influential high-tech entrepreneur, and has received numerous other industry awards for innovation and market leadership. He is a regular invited speaker at science, technology, and education industry events, including the World Economic Forum where he was chosen as a “Technology Pioneer” in 2007.

Prior to MobiTV, Dr. Alvelda founded The MicroDisplay Corporation, a manufacturer of miniature displays for low cost HDTVs and VR headsets. Prior to MicroDisplay, Dr. Alvelda was a developer of spacecraft hardware and new neural computing architectures at NASA’s Jet Propulsion Laboratory where he designed and built sensors that flew on the Space Shuttle as well as the Galileo and Magellan interplanetary spacecraft. Dr. Alvelda holds over 30 patents and patents-pending on a wide range of technologies, a technical Emmy Award, a Bachelor’s degree in Physics from Cornell University, and Masters and PhD degrees in Computer Science and Electrical Engineering from MIT.

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Thomas Fricke has an article in Der Spiegel citing an INET study showing that prioritizing health in the pandemic has led to better economic outcomes

News Dec 7, 2020

“Calculations by Phillip Alvelda, Thomas Ferguson and John Mallery, which have just been published by the Institute for New Economic Thinking, suggest how scary the choice between life and business is in the corona crisis . A comparison of all possible countries and strategies over the past year then gave a fairly clear picture: Those who consistently aimed to stop the epidemic through hard lockdowns have significantly fewer deaths - even if they initially suffered greater economic damage; while it is with countries like the UK it was exactly the opposite, which initially hesitated with the lockdown and raised all the more money to avoid economic damage. With the fatal result that precisely because of this, the second wave became all the more violent - and economic output collapsed in the end. Conclusion of the study: The more negligent governments allow the pandemic to work in order not to harm the economy, the more the economic costs will pile up over time and ever new waves. Almost no matter how hard these rulers and central bankers try to counter it with economic stimulus programs. The damn virus finds activity between people (also economic) pretty good.” — Thomas Fricke

INET study is cited in the Socialist Worker

News Dec 7, 2020

“Rich economies have more resources to spare to prioritise saving lives. And Wolf reproduces the Institute for New Economic Thinking’s now famous chart that refutes the idea there is a “trade-off” between saving the economy and saving lives. On the whole, those states that prioritised saving lives also lost less economic output. China is the standout case. But it isn’t just about how rich an economy is. The same chart shows that the states that suffered the biggest losses of lives and output include Italy, Britain, Spain, and France. The US and Belgium aren’t far behind.” —Alex Callinicos

INET article cited in NTV on how to handle the pandemic this winter

News Dec 7, 2020

“A look around the world shows that so far no country has managed to effectively protect its risk groups when the number of infections is high - Sweden at the beginning of the pandemic or Switzerland in the second wave also had to pay for their special routes with many deaths. And if such a strategy fails, you have wasted valuable time and may find yourself confronted with an infection that is completely out of control. This would mean a collapse of the health system with all the ensuing consequences. This also includes immense damage to the economy. This is also confirmed by a study by the Institute for New Economic Thinking. Those who reacted belatedly or wavered between strategies not only had very high casualties, but were also the most damaging to their economies, it said. The authors cite Great Britain as a negative example.” — Klaus Wedekind

INET study featured in Queensland

News Dec 7, 2020

“The “go-hard/go-early and no regrets” approach of the Australian states has been vindicated by the Institute for New Economic Thinking (INET), a nonpartisan, nonprofit organisation established in the wake of the 2009 global financial crash.” …. “We must be ready to accept renewed restrictions, targeted shutdowns and border closures. As the INET report clearly demonstrates, the failure to act is much more costly than any temporary measures, such as those used in South Australia last month.” — Dennis Atkins