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,
@hopland But your complaints, they smell of socialism, and if one thing is sure, it's that socialism has killed more than 100 million people, and has been the real culprit when it comes to destroying life and property.
@h4890 wow, nice hand waving there. Did you learn it from your dad when he left for milk and cigarettes?
You're basically saying "either or", that the financing systems put in place are ultimate solutions and that anything else is just "socialism"? Again: childish.
I suggest open capitalism. If there's 0.0001% in unrealized gains or virtual capital, then all your debit and credit accounts need to be publicly available.
With that we solve bubbles AND insider trading.
Your move, hotshot.
@hopland Haha... I think you are the little homo of this discussion! Another win for me, another loss for you! 😘 
@h4890 won what? You've just acted a fool on my feed. Other people can read this, you know.
@hopland You will learn, eventually, when you grow older. 😎
@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.
@h4890 so your points are infantile and childish. The financialization of the economy could lead us to the great depression 2.0 - something that will make the 2008 housing bubble seem quaint.
But don't worry. The world's divesting from the Silicon Valley barons, selling US bonds, dumping USD, etc, as we roll in the Chinese century - who also screw with financing, but at least there it's the executive class that's gets the consequences for their actions instead of offsetting it to the consumer.
@hopland This is incorrect. My points are correct and backed by science. I recommend you to pick up The Capitalist Manifesto by Johan Norberg if you want to see the proof. At the same time, I know you will not do it, since it would hurt your ego and remove the foundation for your political beliefs if you genuinely read and understood the text.
Instead you call the points infantile and childish, which is the best possible proof that I have defeated you in this argument! 😎 🇮🇱 🇺🇸
@h4890 omg, the CATO institute? xD That's so cute! And a manifesto no less! Listen here, little boy.
We go by economic theory here. That means acedemian, falsifiable, testable, actual fact based merit - and not diploma mills and think tanks pseudo scientific "economic sciences".
It's prose, it's poetry, it's flowery language with no merit to it whatsoever. You could have cited Smith, you could have cited Friedman, but nope!
My god you fell for the ops - and you fell hard.
@hopland Ha... you got crushed by the Trump of economical theories. And you don't even realize. This is hilarious. Please keep sending me memes, little omo! 😘 
@hopland Come on boy... where's da meme?! 
@h4890 actually, you're too dumb to talk to. Bye.
@hopland Thank you, an excellent description of the omo-style I juts encountered. Yet another win for me! 😘 🇮🇱
@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
@hopland right and that your socialist position is what creates the problems that you are strangely enough complaining about.
Know that what we have today is not ideal markets, but markets that work well enough, but the errors that you think you see, is due to socialism and politicians distorting the markets, and letting themselves be corrupted and bribed.
@hopland Remove socialism, governments ,and you will have a much more stable market, a more honest world.
I think, after some thought, that you have now realized the correctness of this, and I welcome you to embrace the blessings of real capitalism and leave socialism behind.
Incorrect. Bubbles are a function of human nature. The only thing that reduces or removes them is removing capitalism, which has been tried in the soviet union and china, with the death of 100s of thousands due to starvation as a result.
Science has proven, beyond doubt, that capitalism is the best system for global prosperity.
Claiming otherwise, like you seem to do, shows a shocking ignorance of the most basic science of economics.
@hopland but here's the thing... financial bubbles are:
1. natural and
2. good!
They enable you to buy assets cheap! So instead of complaing you should be thanking the CEOs who create bubbles.
As for making money back, that's non of your concern, and none of mine. It is the concern for the ceo and the owners of his company.
If you are a shareholder, sell if you are not happy.
If you are not a shareholder, buy when the bubble burst.