But that is a good! Contrast that with other countries where the financial landscape is super conservative when it comes to investment and innovation, like in many EU countries. Economic growth is lower, jobs are fewer, and salaries are lower, and there are less exciting jobs where you can truly build the future. Americans do not appreciate what they have. You do not want the alternative! Appreciate your overly optim…
And yet, despite having less jobs and lower salaries, many countries of europe tend to have less signs of poverty: women are less likely to die in childbirth, there's less gun violence, less homeless and child hunger...
This is a dumb take. While there is plenty of BS and vaporware masquerading as "AI", there are plenty of real companies and startups working on leveraging "AI" within their own domains.
A business isn't just technology, it's also about the business processes developed, and plenty of AI startups are honing out processes that larger companies will either scoop up, or that these companies will be able to grow up and compete.
Not really sure what exactly the author is getting at but let's be real: the IT industry is awash with investor dollars hoping to fund the next facebook. AI enters and it starts doing actual, useful work, and now there are a zillion VCs dumping out their wallets trying to get a piece of the next facebook. None of this means that AI is dumb, rather, VCs are dumb and will chase literally anything that smells like money…
Independent of the "real" value of AI My argument would be the sudden pivot of EVERYONE to AI is more indicative of a lack of good prospects for investments, rather than companies actually discovering products users want and like. Of course there's real value, but I'd believe the hype more in a strong tech economy, and am distrustful of every company becoming an AI expert overnight in our current weak tech economy.
... and just prior to the big attention-boom for AI many of the same players were trying to make their variant of the "metaverse" the Next Big Thing -- most of them advocating for the importance of virtual meeting spaces while simultaneously mandating RTO.
But that is a good! Contrast that with other countries where the financial landscape is super conservative when it comes to investment and innovation, like in many EU countries. Economic growth is lower, jobs are fewer, and salaries are lower, and there are less exciting jobs where you can truly build the future. Americans do not appreciate what they have. You do not want the alternative! Appreciate your overly optim…
I don't want to build the future I just want dental care for my children.
What does he mean by "bad"? What would a "good" tech economy look like? Hard to define. Easy to misinterpret and argue over our different understandings of what he meant.
I would define a "bad" company as one that puts profits over people. People includes customers (incl b2b) and employees. A "good" company is one that realizes treating people with respect is a long-term profit driver.
But that is a good! Contrast that with other countries where the financial landscape is super conservative when it comes to investment and innovation, like in many EU countries. Economic growth is lower, jobs are fewer, and salaries are lower, and there are less exciting jobs where you can truly build the future. Americans do not appreciate what they have. You do not want the alternative! Appreciate your overly optim…
And yet, despite having less jobs and lower salaries, many countries of europe tend to have less signs of poverty: women are less likely to die in childbirth, there's less gun violence, less homeless and child hunger...
The US has half the homelessness rate of the UK or France. Childbirth is due to lack of universal health care and gun violence is due to the massive number of guns – not the tech economy.
The real engine behind “internet” is the bad tech economy. Vendors need something to sell, companies need to show results to investors, team leads need to justify staffing, devs need to stand out to avoid layoffs. Insert any buzzy topic into this mix it will get eviscerated by the starving packs of tech jackals… regardless of what actual users want. I’m excited about the potential behind the technology. But we’re in…
Well "Internet" went through its own boom and bust crash during the dotcom era. With lots of dumb money chasing dumb investments. My hypothesis would be that cycle is going to be very heavily accelerated due to the current economy. Many companies aren't operating from a position of strength, but more of desperation. Some tiny few will do well. Many announcing their "AI thing" suddenly becoming AI companies overnight…
The biggest losers on the dotcom crash were actually the failed networking companies "selling shovels" who had many 10s billions invested and then went to zero. Only AOL/TW was really comparable to Worldcom, Globalcrossing, with the $100B failures of Nortel and JDS/Uniphase.. Pets, Boo, Flooz etc made a big ad splashes, but were actually pretty small (single digit $B).
But that is a good! Contrast that with other countries where the financial landscape is super conservative when it comes to investment and innovation, like in many EU countries. Economic growth is lower, jobs are fewer, and salaries are lower, and there are less exciting jobs where you can truly build the future. Americans do not appreciate what they have. You do not want the alternative! Appreciate your overly optim…
I don't want to build the future I just want dental care for my children.
Universal health care is important, necessary, cheaper than our current system, and I support it. But it's a completely orthogonal concern to the state of the tech economy.
But that is a good! Contrast that with other countries where the financial landscape is super conservative when it comes to investment and innovation, like in many EU countries. Economic growth is lower, jobs are fewer, and salaries are lower, and there are less exciting jobs where you can truly build the future. Americans do not appreciate what they have. You do not want the alternative! Appreciate your overly optim…
And yet, despite having less jobs and lower salaries, many countries of europe tend to have less signs of poverty: women are less likely to die in childbirth, there's less gun violence, less homeless and child hunger...
Those are orthogonal, or are you implying lack of VCs create those conditions?
And i wouldn't even say VCs are dumb because they keep hitting success chasing that money. It's why they have this money to throw around. The labor market is USD$144 trillion worldwide in salary. Automate a fraction of a percentage of the worldwide labor? You have a company with more annual revenue than Apple. Is it that hard to understand? Can people not think of scenarios where the current generation of AI may be a…
only if they can keep training from the commons and stealing other people's work.
Pretty soon, we'll be forced to wear glasses so that companies get revenue when we look at something copyrighted.
I understand copyright holder's complaints. Maybe we can meet in the middle - reduce copyright to 5-10 years.