Mind Matters Natural and Artificial Intelligence News and Analysis

CategoryBusiness and Finance

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Physicality Of Data And The Road To Inherently Safer Computing

The software industry today is precisely where the chemical industry was in 1978; hazard control is a mere afterthought

“The Physicality Of Data And The Road To Inherently Safer Computing” was originally published by Forbes, August 24, 2021. David Kruger is Co-Founder and VP of Strategy for Absio Corporation and a co-inventor of Absio’s Software-defined Distributed Key Cryptography (SDKC). Our current concept of cybersecurity is to defend against attacks and remedy failure by erecting more and better defenses. That’s a fundamental mistake in thinking that guarantees failure. Why? Because it’s mathematically impossible for a defensive strategy to fully succeed, as explained in the previous installment of this article series. Another even more fundamental mistake in thinking is that cyberattackers are the cause of our woes. They aren’t. They’re the effect. A hazard is a potential source of harm. Cyberattackers target certain Read More ›

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Laptop with pendrive, sd card, CD and portable hard drive. Concept of data storage

The Physicality Of Data And The Road To Personal Data Ownership

“The Physicality Of Data And The Road To Personal Data Ownership” was originally published by Forbes, July 2, 2021. David Kruger is co-founder and VP of Strategy for Absio Corporation, and a co-inventor of Absio’s Software-defined Distributed Key Cryptography (SDKC). This article is the first in a series on the physicality of data. I’ll follow up with additional installments of this series over the next several weeks, so check back to see those as they become available. All of us tend to conflate the word “data” with the word “information.” Usually, that’s OK, but collapsing data on a computer and information into one thing rather than two separate things makes thinking accurately about data ownership difficult. Here’s why: Information is Read More ›

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Machine learning systems and accurate facial recognition concept , smart phone with blue screen and blur human faces background

Facebook (Meta) is strengthening, not dumping facial recognition

They’re getting rid of the annoying parts but read the fine print

Jerome Pesenti, Facebook’s VP of Artificial Intelligence, explains the changes to the face recognition system that have accompanied the very recent brand name change from Facebook to Meta: In the coming weeks, Meta will shut down the Face Recognition system on Facebook as part of a company-wide move to limit the use of facial recognition in our products. As part of this change, people who have opted in to our Face Recognition setting will no longer be automatically recognized in photos and videos, and we will delete the facial recognition template used to identify them. This change will represent one of the largest shifts in facial recognition usage in the technology’s history. Jerome Pesenti, “An Update On Our Use of Read More ›

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Competition between humans and robots in tug of war concept

Robots Will NOT Steal Our Jobs, Business Analysts Show

Doomsayers typically do not factor in all components of the job that a robot would have to replace or all of the true costs of trying, they say

At Fast Company, data analyst Jeffrey Funk and business prof Gary N. Smith dispute the claim that robots are coming for all our jobs. They point to a history of overblown claims: In 1965, Herbert Simon, who would later be awarded the Nobel Prize in Economics and the Turing Award (the “Nobel Prize of computing”), predicted that “machines will be capable, within 20 years, of doing any work a man can do.” In 1970, Marvin Minsky, who also received the Turing Award, predicted that, “in from three to eight years we will have a machine with the general intelligence of an average human being.” The implications for jobs were ominous, but robotic-takeover predictions have been in the air for a Read More ›

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Seattle Skyline at Sunset with Space needle

Venture Capital Manager at COSM 2021 to Listen and Learn

The Managing Director of Seattle-based Madrona Venture Group will moderate two panels on new technologies that can shake things up

In 2019, Madrona’s Matt McIlwain moderated a panel at the COSM 2019 Technology Summit, “AI’s Role in Unlocking Human Potential.” The panel followed tech pioneer and prophet Ray Kurzweil’s livestreamed address in which he predicted that we will merge with our computers by 2045 — The Singularity: “Our intelligence will then be a combination of our biological and non-biological intelligence,” he explained. We will be apps of our smart computers. Or will we? And if that happened, would it be progress? Already, we freak out when we can’t find our phones, or our computers crash, or the internet is down. Or the power goes off. Yet Isaac Newton changed physics with a pen and paper. So did Albert Einstein. McIlwain Read More ›

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Tech Stocks: Are the Unicorns Losing Their Horns? Their Magic?

Jeffrey Lee Funk and Gary N. Smith reveal at MarketWatch that widely publicized, iconic unicorns have never made money or made only a little

Technology consultant Jeffrey Lee Funk and Pomona business prof Gary N. Smith are not exactly bullish on the new high tech-dependent startups (unicorns) that everybody talks about. Lots of media interest and commentating, sure, but where’s the money? In a recent op-ed at MarketWatch, Funk and Smith warn, “Unicorn losses are unprecedented in the history of U.S. startups and threaten stock markets and the economy.” Not what you heard? Think about this then: The authors, regular contributors at Mind Matters News, point out that many investors and analysts worry about China’s Evergrande Group’s current woes ($300 billion in liabilities). But Evergrand was once profitable. And the Ubers and Airbnbs? They’ve never been profitable and the liabilities are growing: Unicorn losses Read More ›

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Blockchain , cryptocurrencies , bitcoin and distributed ledger technology concept..Block chain , network connect icons and earth furnished by NASA.

Is Bitcoin Just a Flash in the Pan? Peter Thiel Responds

He reveals that PayPal started out as a libertarian project to free money from central control but that proved harder than anticipated

In this fourth and final episode based on his talk at COSM 2019, Peter Thiel — who founded PayPal in part to help break up currency monopolies — offers some thoughts on cryptocurrencies’ future. In the earlier episodes of his discussion at COSM 1919 with philosopher of technology George Gilder, top venture capitalist Peter Thiel offered Three Contrarian Ideas: 1.Big Tech, as it operates today, is communist. 2. Big Tech is also slowing down. And 3. Learning today has almost nothing to do with the so-called educational system. Now, about the future of cryptos: This portion begins at 27:21 min. A partial transcript and notes, Show Notes, and Additional Resources follow. George Gilder: Peter, you started PayPal, in part to Read More ›

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Old-fashioned Telephones Mounted On Wall

COSM: The Trek From Phone to Smart Phone: What Have We Learned?

Daniel Berninger, a pioneer and activist in VOIP communications, shares his insights about keeping the internet free and accessible

Daniel Berninger, an activist in the transition from plain old telephone service (POTS) to the online world of the cell phone (“disruptive communications”), will be speaking at COSM 2021. He has been involved in VoIP (Voice over Internet Protocol) since 1995, starting with the original assessment of VoIP at Bell Laboratories and was a founder of the VON Coalition, “keeping IP communications free from government regulation.” He is a frequently cited resource on regulatory, antitrust, and VoIP issues (for example, in Business Week, WSJ, LA Times, Chicago Tribune, Bloomberg, Forbes, Associated Press, Dow Jones, Info World and the trade press). He is also a founder of VCXC (Voice Communication Exchange Committee). His interests and approach: ➤ the decline of the Read More ›

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Businessman in blue shirt is holding a magnifying

Top Venture Capitalist on Tackling the Big, Corrupt Universities

Peter Thiel: Online education is great for learning, but unfortunately, learning has almost nothing to do with the so-called educational system

In this third episode — on Peter Thiel’s Third Contrarian Idea — philosopher of technology George Gilder revisits world class tech venture capitalist Peter Thiel’s live streamed talk at COSM 2019 in “ The failures and self-hatred of Big Tech.” In the first episode, Thiel noted that the way Big Tech operates today has more in common with a communist state than with a democracy. So his First Contrarian Idea, set out there, is that decentralization is coming. In the second episode, he talked about his Second Contrarian Idea: If you look at the big picture over the past few years, Big Tech’s progress is slowing. That’s not the hype we hear but then Thiel didn’t make nearly $4 billion Read More ›

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Planet Earth from Space, People's Republic of China warm glow highlighted state borders and counties animation, city lights, 3d illustration

LinkedIn Says Goodbye to China

If the blasé business world of LinkedIn cannot pass the Cyberspace Administration of China’s rules, then what platform can?

LinkedIn announced that it will no longer host social media and content sharing in China. Instead, it’s China-only app will be a job-board site. This comes after LinkedIn received criticism for blocking certain researcher profiles in China as well as human rights advocates and journalists who write on China. LinkedIn, which was bought by Microsoft in 2016, was one of the only U.S.-based social media outlets still operating within China. Twitter, Facebook (including Instagram, WhatsApp), and YouTube (owned by Alphabet, Inc.) are banned. Google (also owned by Alphabet, Inc.) left in 2010. Signal and Clubhouse were banned in 2021. Other apps, such as TikTok (owned by ByteDance, Inc.) have their own Chinese version that complies with censors and data regulators. Read More ›

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Datenverkehr im Internet im Schneckentempo

Peter Thiel Says, Forget the Hype: Big Tech Is Slowing Down

Second Contrarian Idea: We can see the slowdown clearly if we look past the hype

Philosopher of technology George Gilder revisits world class tech venture capitalist Peter Thiel’s live streamed talk at COSM 2019 in “ The failures and self-hatred of Big Tech.” Ih the first part, Thiel noted that the way Big Tech operates today has more in common with a communist state than with a democracy. His First Contrarian Idea, set out there, is that decentralization is coming. In this part, he talks about his Second Contrarian Idea: If you look at the big picture over the past few years, Big Tech’s progress is slowing. Thiel, the author of Zero to One (2014) will attend COSM 2021 (November 10–12) in person this time, along with Gilder. Note: You can get the best rate Read More ›

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army of artificial workers

Peter Thiel: Big Tech, As It Operates Today, Is Communist

Visions of the computer age have swung from big centralization in 1969 through big decentralization in 1999. Neither got it quite right, Thiel says

Philosopher of technology George Gilder revisits world class tech venture capitalist Peter Thiel’s live streamed talk at COSM 2019 in “ The failures and self-hatred of Big Tech.” Thiel, the author of Zero to One (2014) will attend COSM 2021 (November 10–12) in person this time, along with Gilder. Note: You can get the best rate if you register before October 31. The focus of the 2021 meet will be the paradoxes of the new world of technology. As we will see, Thiel is an expert at defining that world. This is the first of a four-part series on his view of the future, starting with his First Contrarian Idea, that the way Big Tech operates today is communist and Read More ›

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A Market Analyst Explains Why You Should Take Inflation Seriously

Bernard Fickser looks at the tech companies that are worth astonishing amounts, unrelated to their current product lines

Readers may remember Bernard Fickser from his series on non-fungible tokens (NFTs) and how they can be made to work better. Now he looks at a more serious problem, the current (quiet) capitalization crisis: the growth in the perceived market value (market caps) of tech companies, far beyond the market value of any assets they have. He recalls the famous (and costly) Dot.com Bubble (1995–2000), when “tech and internet companies that had no actual products or prototypes or detailed plans for products were receiving enormous valuations simply on a promise and a prayer.” Many prayers went unheard and small investors suffered huge losses. Business prof Gary Smith highlights Bill’s Barber Shop in 2000, where locals had reckoned on secure prosperity Read More ›

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Xi Jinping’s Ruthless March Toward “Common Prosperity”

Part II: The roots of Xi Jinping's "common prosperity" vision and why he's making changes to China's technology sector now

In my previous article we looked at the sweeping crackdown of China’s technology sector, beginning with Jack Ma and Ant Financial, and how this is part of Xi Jinping’s goal of “common prosperity.” While corruption and debt excesses needed to be reined in and people wanted better data privacy protections, Xi’s common prosperity initiative is also about concentrating power, redistributing wealth, and controlling the unpredictable market. In this article we’ll look at the roots of common prosperity and why analysts believe Xi is making these changes now. Appealing to the Working Class In his speech celebrating the hundredth anniversary of the founding of the Communist Party in China, Xi said that the Party will make “notable and substantive progress toward achieving well-rounded human Read More ›

LIJIANG,CHINA-FEB 18:Mao statue,with the slogan on wall: " Long live the great Communist Party of China" in Lijiang on Feb 18 2012. Mao, a statesman who laying the foundation of new china

Will China’s Huge Tech Sector Crackdown Stifle Innovation?

Part I: How will the Common Prosperity program really play out in the private sector?

Didi Chuxing (Didi Global, Inc.), the largest ride-hailing company in the world, was reprimanded when it opened on the New York Stock Exchange after regulators warned it needed to shore up its data security issues. Meituan, China’s massive shopping and coupon app, was recently fined $533 million for “anticompetitive behavior.” Alibaba, owned by tech billionaire Jack Ma, had to pay a $2.8 billion fine for the same reasons. Antitrust regulators dinged Tencent, Baidu (China’s Google alternative), ByteDance (parent company for TikTok), and ecommerce company JD.com Inc.  The billion-dollar online private tutoring industry sank after the Chinese government declared that after-school tutoring is now non-profit only. Then the online gaming industry was hit when the Chinese government declared children are only allowed to play for a few Read More ›

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Confused businessman with stressed and worried about  working mistake and problems.

The Entrepreneur’s Worst Mistake In New Technology Ventures

As a new entrepreneur, you won't make it to 100,000 users unless the product works well for your customers

I’ve worked with many tech startups over the years. By and large there has always been one overriding factor that has caused tech startups to falter — trying to build their application to handle too much traffic upfront. The goal of every tech entrepreneur is for everyone in the country to use their next product. Everyone is going to make the next star application, like Facebook. In order to accomplish this, tech entrepreneurs give a command to their tech team that is probably their worst mistake: “Make the application able to scale to millions of users.” That might sound like a reasonable request, but I can assure you that it is absolutely the worst possible plan of attack. Programming legend Read More ›

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creativity imagination and dreams concept.

Jules Urbach, Founder of OTOY, to Speak at COSM 2021

George Gilder has called him "ingenious" and "the most inventive software engineer" he has ever met

Dozens of brilliant minds in technology will be flocking to Bellevue, Washington this November for the exclusive national summit known as COSM. Among them will be founder and CEO of OTOY and Lightstage, Jules Urbach. Philosopher of technology George Gilder has called him “ingenious” and “the most inventive software engineer” he has ever met. Gilder holds a a 20-year investment in OTOY. What has earned Urbach such high praise? Urbach has been a bold pioneer in computer graphics from a young age. At eighteen years old, he created one of the first CD-ROM games ever created, Hell Cab. Six years later, he founded Groove Alliance, which went on to produce Real Pool, the first 3D game available on Shockwave.com. In Read More ›

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Publisher of Popular Electronics To Speak at COSM 2021

Futurist John Schroeter is an author as well as a publisher and developer

John Schroeter has many accomplishments as a futurist but also as an author, publisher, and developer: ➤ He is Executive Director at Abundant World Institute, a think tank for leading technologists, futurists and entrepreneurs seeking to create more abundance in the world: Their foundational book, Moonshots—Creating a World of Abundance, won the 2019 Gold Medal by Axiom Business Book Awards, and was recognized by Kirkus Reviews as a “Best Book of 2018.” After Shock (2020) marks the 50-year anniversary of Alvin Toffler’s Future Shock. ➤ He is also the publisher, at TechnicaCuriosa, of iconic mags such as Popular Electronics and Popular Astronomy. “Our iconic titles have literally changed the world. Take Popular Electronics for example. Just one landmark issue was Read More ›

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Developing programmer Team Development Website design and coding technologies working in software company office

The Two Most Common Problems with Outsourced Code

And how to mitigate against them

I have had many opportunities to work with developers outside the United States in a variety of capacities. To begin with, let me assure readers that there are great developers all over the world. The sun never sets on the current team I work with. The great thing about software development is that you can find great talent wherever the Internet is. There are great individual developers in every country, but I have found that, in many countries, the culture of software development has not evolved to where it is in America. When hiring individual developers, this rarely matters. The proper developers tend to gravitate to whatever level you are hiring at (or, alternatively, you can have a headhunter screen Read More ›

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Male hand cutting banking card with scissors

The New Internet: Reclassify Political Opponents as “Hate Groups”

Maybe this is something to talk to legislators about

You don’t want your tax money spent in a certain way? Maybe you are a “hater.” Increasingly, bad things can happen as a result. Even from corporations you trust. A friend has pointed out that many American corporations are not nearly so interested in making money these days as they are in politically correct positioning. Consider the current trend toward depublishing books the public wants to read and “de-newsing” news stories people want to hear. But the trend is growing beyond books and news. It could affect your right to bank and use credit institutions. Successful entrepreneur David Sacks has the story at Substack about how concerns about “hate speech” can further an agenda: Just as there is no set Read More ›