A key difference between today’s and past transformations is that technological evolution has become much faster than the existing regulatory, legal, and political framework’s ability to assimilate and respond to it. It’s a Moore’s Law world; we just live in it. Continue reading
Last month, Netflix quietlydeleted all the remaining user reviews on its service. And just like that, CEO Reed Hastings completed the latest shift in his company’s ever evolving strategy: away from the wisdom of crowds in its content recommendations, in favor of the wisdom of the machine. The algorithm is now firmly in charge at Netflix—as it increasingly is across the economy.
The past year has seen a crescendo of fascination with—and fear of—artificial intelligence. This theme is a central feature of the tech backlash buffeting formerly bulletproof companies like Facebook and Google, fueling U.S. congressional hearings and editorial-page outrage. Yet it’s also the most potent new engine for business efficiency, an essential driver of competitive advantage from Amazon to Accenture. Continue reading
First he was a well-known optimist in Silicon Valley, now Vivek Wadhwa warns against the downsides of technology.“Social media is used as a weapon against ourselves and we are unhappy about it.”
Vivek Wadhwa has made a huge turn in recent years. The legendary entrepreneur, writer and keynote speaker originally made his name as one of the most prominent ‘cheerleaders’ of Silicon Valley. He was closely involved with Singularity University, an almost evangelistic club that has been hammering on the huge promises of the technological revolution in recent years. He taught at Stanford University, the Silicon Valley nursery school, and wrote optimistic books and columns about the future.