"The move reflects a shift that is happening in Silicon Valley. For decades, the most interesting thing in the tech industry was the internet and all of the businesses built around it. And the dominant method of financing the internet was advertising.
The targeted ads and the massive wealth created were so compelling that the mainstream press and most venture capitalists have kind of forgotten about actual science and technology."
But I thought online ads were "actual science and technology". High traffic websites call themselves "tech" companies, so ads must be actual science and technology.
Silicon Valley and "actual science and technology", other than computer technology, are very different things. Silicon Valley VC are desperate for a way forward as their zero interest and hype-driven nonsense is laid bare. But it is what it is. With all the money and resources they have had, the best they (those they invested in) could do was surveillance and advertising. Not the best uses for computers and computer networks, IMHO. But it is what it is.
VCS follow potential Revenue. No more no less. If they think the market pays for ads, they invest in the ads. They think the market pays for tools, they invest in tools.
Venture capitalists are not innovators. They invest in some innovators which they think have a return on investment
Ok, I guess. I work adjacent to AI in chemistry, and lets just say it’s a very crowded field.
It’s not like everyone is sitting around. There’ probably at least 1000 startups looking into it, along with the large established companies (including tech companies).
So good for him, but I wonder if he has a different view than all the others.
(Also, Alphabet makes more profit in 2 months than the entire NSF budget. Just keeping that in mind)
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[ 3.2 ms ] story [ 23.3 ms ] threadThe targeted ads and the massive wealth created were so compelling that the mainstream press and most venture capitalists have kind of forgotten about actual science and technology."
But I thought online ads were "actual science and technology". High traffic websites call themselves "tech" companies, so ads must be actual science and technology.
Silicon Valley and "actual science and technology", other than computer technology, are very different things. Silicon Valley VC are desperate for a way forward as their zero interest and hype-driven nonsense is laid bare. But it is what it is. With all the money and resources they have had, the best they (those they invested in) could do was surveillance and advertising. Not the best uses for computers and computer networks, IMHO. But it is what it is.
Venture capitalists are not innovators. They invest in some innovators which they think have a return on investment
It’s not like everyone is sitting around. There’ probably at least 1000 startups looking into it, along with the large established companies (including tech companies).
So good for him, but I wonder if he has a different view than all the others.
(Also, Alphabet makes more profit in 2 months than the entire NSF budget. Just keeping that in mind)