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 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.

@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.