Since its founding in 2017, the Neely Center for Ethical Leadership and Decision Making has addressed problems posed by emerging technologies, be it social media, artificial intelligence, or virtual reality. This year, the center furthered efforts a step further with the creation of the Neely Ethics and Technology Fellows Program, empowering five MBA students to become leaders in transformative technology.
The inaugural cohort of 2023–2024 investigated the implications of extended reality (XR) — encompassing augmented reality (AR), virtual reality (VR), and mixed reality (MR) — and its ripple effects on areas such as gaming, entertainment, fashion, healthcare, and the environment. The fellows presented their research at the culminating event, which also included panel discussions from key industry experts and the announcement of the Neely Purpose-Driven XR Library. The event took place on June 21 at the Ronald Tutor Campus Center at USC.
“[Immersive Technology] has been around for a long time, and we’ve gone through many cycles of hype and excitement,” said Nathanael Fast, director of the Neely Center, in his opening remarks. “But each time we go through a cycle, the technology is getting better and better and better. … We remain very excited about the potential for societal benefit from extended reality, virtual and augmented reality, and spatial computing.”
Avi Bar-Zeev, a VR/AR consultant and pioneer who has worked for Apple, Microsoft, and Disney, provided the keynote address. Bar-Zeev scrutinized new advancements in advertising and data collection. He particularly focused on eye tracking within VR devices, technology that enables companies to gather information about a user’s emotions, desires, and tendencies.
“If somebody knows our exact emotional buttons to push, they can get us into a state of being emotional, less conscious, less rational, and then send us the ad,” Bar-Zeev explained.
By gathering a person’s unique information, businesses can learn a lot about a customer’s inner life and, therefore, more effectively market to them. Bar-Zeev even posited a future in which tech companies incorporated product placement into the social media posts of a user’s family and friends. And his fears go beyond mere advertising.
“The threat is that we lose our mental freedom,” Bar-Zeev warned. “We lose our ability to think for ourselves. If we go too far down that road, we lose the ability to stop it because we won’t even be able to speak out against it if they control the channel of communication. That’s why we need protection and that’s why we need to focus on ethics.”
The first of the fellows, Tejaswa Gavankar MBA ’24, echoed Bar-Zeev’s concerns about data collection and privacy. Gavankar explained that advertisers value one commodity above all others: attention.
As he explained, corporations pay approximately $7 million for a 30-second spot during the Super Bowl when over 120 million eyes are locked onto the same screen. Similarly, drink and food companies pay extravagant sums to place their product at eye-level shelves in grocery stores. They’re investing in customer awareness.