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Large companies have known for a long time that your dataset is more important than your algorithms.

Data is facts and algorithms are basically opinions of the developer. A smarter developer may have more correct opinions on how data is related, but it will always be skewed by the limited perspective of the developer.

slightly off-topic, but relevant for the future of this technology.

I love Sci-Fi novels such as Peter Hamilton's "Reality Dysfunction" where an AI does the function of all local and central government in a habitat for no personal gain and every single person is connected to it real time on a personal basis.

The day we can move from the slimy self preserving low-life which seems to inhabit this space now will be a better day for everyone.

I wonder how close we are?

About as close as we are to having election laws changed in the U.S. so that a third-party candidate would actually have a chance -- not close at all. The existence of a better/fairer alternative is irrelevant if the "slimy self preserving low-lifes" have enough power to keep themselves in power.
Who would write these perfect programs?
Why, they would write each other...
unsophisticated linguistic algorithms + large amounts of data >= sophisticated linguistic algorithms + only a small amount of data.

Or

What you think is sophisticated, isn't.

How would you demonstrate which it is?