Most #SiliconValley CEOs are complete tech novices, inept at basic computer science and simply know "the art of doing business"...

i.e they got in on the ground floor with massive financing via finessing banks and jump started a new arms race towards "monopoly by default".

#SamAltman's Coworkers Say He Can Barely Code and Misunderstands Basic #MachineLearning Concepts
https://futurism.com/artificial-intelligence/sam-altman-technical-coding

@hopland There is no reason for why a CEO of a company needs to know every single thing the company does. He leads the company, he does not produce its products. That means that it is completely irrelevant if Sam knows how to code or not.

In fact, an argument can be made that the coding CEO actually does a worse job as a CEO, than focusing on coding.

As a consultant I have seen many instances of "techy" CEOs who are horrible leaders and who are losing their companies a lot of money.

@h4890 well then how are they know that LLMs, gen AI, etc is just a hop and a skip away from AGI?

Spoiler alert: it ain't.

The unholy marriage between tech, financing and marketing in Silicon Valley has lead us down one of the most environmentally damaging, market disrupting and consumer harming paths in modern time, with no pot of gold at the end of the rainbow.

Then how are they gonna make that money back? Oh right, mass surveillance - and selling it to authoritarian nation states.

@h4890 you know what's worse? Since they are technically incompetent, they've swallowed their own KoolAid and are wasting shareholder money on absolute bullshit.

That in turn, at least according to your definition of "a good CEO", means being a good bullshit artist, a good grifter, an excellent snake oil salesmen.

@hopland AGI? Please, this is childrens story, and fusion is only 10 years away! 😂

As for your complaints, this is just socialist propaganda. Note that we, as a whole, have never had it better on the planet. Infant mortality, povery, life span, all markers are basically at the highest point they have ever been on the planet and throughout history, counting the planetary average.

Yes, there is surveillance, and there are ways to protect oneself, yes, there are financial bubbles,

@h4890 you say "yes, there are financial bubbles" - like it's a thing that needs to exist, but it doesn't. It's because the financing industry keeps making bad bets, wants to keep it under wraps and find a solution in the end. This is venture capitalism.

When you then don't know where the revenue stream is coming from in a decade, you either A) find a new, usually unethical angle, or B) your financing being tied with other markets, like housing, will then negatively affect those markets.

@h4890 and basically AGI was the promise that these Silicon Valley barons put to both the financing industry and politicians, who are all technologically inept.

So in comes a new bubble to be pumped with hot air. When those chickens come home to roost, will these financing companies, CEOs and shareholders meet with consequences? Will they lose since they took a risk, which is what they are supposed to do?

No. They offset that risk on the general consumer, on the constituent, on the citizen.

@hopland I doubt that someone made a legally binding promise of AGI. Show me the contract, the conditions etc.? If that contract does exist, it is exclusively the concern of the parties to the contract. Again, of course you can harp on about it, but no one really cares except the ones who have a stake in the contract.

As far as risks being offset on citizens, blame your local socialist politicians. This is not market behaviour but socialist behaviour so it actually just proves that I am