TagSilicon Valley
Silicon Valley is All About Use, Not Truth
Of Athens, Jerusalem, and the "third city"
The End of Silicon Valley?
What will remote work do to Silicon Valley in the longterm?The COVID-19 pandemic ushered in a new era of hybrid work, and allowed many workers to operate remotely. What does this mean for major tech centers like Silicon Valley and Seattle? And what are the advantages for competitors like Austin and Miami? In this lecture, hear a panel discuss these issues and related concerns at the 2021 COSM conference. We’ve been sharing a number of lectures from past COSM conferences. This video is just one of many you can find at the Bradley Center’s YouTube page. There you’ll find several lectures, interviews, and panels dealing with issues that range from economics, Big Tech, and artificial intelligence. Notable speakers include 2022 Kyoto Prize winner Carver Mead, venture capitalist Peter Thiel, and George Gilder, co-founder of Discovery Read More ›
Can AI Create its Own Information?
The simple answer is "no," but why? Eric Holloway explainsAI is amazing. It is all the rage these days. Companies everywhere are jumping on the AI bandwagon. No one wants to be left behind when true believers are raptured to the mainframe in the sky. What makes the AI work? The AI works because of information it gained from a human generated dataset. Let’s label the dataset D. We can measure the information in the dataset with Shannon entropy. Represent the information with H(D). When we train an AI with this data, we are applying a mathematical function to the dataset. This function is the training algorithm. Labelling the training algorithm T, then we represent training as T(D). The outcome of training is a new AI model. The model generates new data. We Read More ›
Media and Tech Companies Continue to Struggle
Vice reportedly is opting for bankruptcy, while Meta's metaverse floundersAccording to a report from The New York Times, Vice Media Group, the entertainment outlet, is expected to file for bankruptcy. The news arrives amid considerable downsizing in the once leading media giant. Vice has long been known for its outreach to younger audiences and popularizing itself on social media platforms. Buzzfeed also recently announced the closure of its news division. After years of edgy and “irreverant” reporting, it seems the act is over. Other major technology companies are cutting expenses and laying off employees. With Mark Zuckerberg’s Meta, the woes seem to amount to the failed metaverse project, which was apparently was supposed to be so groundbreaking that it merited a makeover of the company name. With its vague Read More ›
It’s About Time
The cliche phrase "time is money" needs to be subverted by better metaphors, according to OdellArtist and writer Jenny Odell, author of the new book Saving Time: Discovering a Life Beyond the Clock, was recently interviewed by Wired. Odell’s 2019 book is called How to Do Nothing. In the interview, Odell discussed how the invention of the clock has altered the way people think about time, labor, and productivity. The cliche phrase “time is money” needs to be subverted by better metaphors, according to Odell, ones that emphasize meaning instead of mere activity. When she was asked how she avoided productivity “burnout” in her own writing life, Odell responded, If you’re not thinking of time as money, the other thing that you could be trying to find is meaning. That’s ultimately what I want out Read More ›
Aren’t US Treasury Bonds Supposed to be Safe?
How can you lose money selling treasury bonds?For context, read Bartlett’s two previous articles on the fall of SVB and interest rates. Some people are confused as to how you can lose money selling treasury bonds, since they are supposed to be “safe” assets (the government is not expected to default on its loans, and, if it does, the economy probably has bigger problems). Economist Bob Murphy put together a great explainer thread on Twitter, which I will largely follow here. Let’s say that there is an asset that always yields a 1% return every year on however much you have invested, but you never get the principal back except by selling it to someone else. Let us call this asset ABC, and let us say that it is Read More ›
Why Did the Tech Bubble Correspond with Low Interest Rates?
Ultimately, our economy’s deeper problems aren’t so much a result of “money” as they are bad allocations of resources.For context, read Bartlett’s article explaining the fall of SVB here. I wanted to make a quick note about why tech bubbles tend to correspond with low interest rate environments. Interest rates essentially dictate how long someone can wait before they need to produce something of real value. In a 20% interest rate environment, it will be evident really quickly if you are failing to produce something of value. Since essentially 1/5 of your capital disappears each year, if you aren’t doing something that will generate real profits quickly, you are sunk. You can’t paper over problems with more borrowing because the cost of that borrowing is so high. Additionally, in such an environment, the payoffs for investment need to be large Read More ›
What’s Going on at Silicon Valley Bank?
The bank's failure is making a lot of people nervous about their moneyMany people awoke this morning to news of a bank that suddenly collapsed – Silicon Valley Bank, or SVB. While information is still developing, I thought I would provide some background information on what is known so far. SVB is the go-to bank for Silicon Valley startups. Over the last few years, the tech bubble has been growing and growing and growing, focused especially around Silicon Valley. That meant a lot of banking was happening, and it was happening with SVB. That is where the various companies put their deposits. How does a bank make money? By lending out deposits. In 2021, at the height of the tech bubble (and, not coincidentally, at a historically low-interest rate environment). The bank did what most banks do Read More ›
More Bad News for the Metaverse
Virtual reality projects are losing steam across the tech industry in the wake of layoffs and investor skepticismBig tech companies across the spectrum, including Meta, Microsoft, and Apple, are scaling back on virtual reality research and development. The technological demands of the metaverse are more advanced than CEOs like Mark Zuckerberg have anticipated, and employees are feeling the impact. Microsoft recently laid off 10,000 workers, cutting funding from the lab responsible for the production of its mixed-reality “HoloLens.” The army was originally in the works to use the Microsoft lens for aids in combat and training, but the technology has since been labeled as “dangerous and poorly designed.” Meta laid off 11,000 employees last November and continues to struggle to gain interest and traction for its ambitious metaverse project. A report from Insider notes that a combination Read More ›
Has the United States Lost Silicon Valley?
Once on friendly terms with the U,S, Department of Defense, Silicon Valley must consider the views of its friends in ChinaRecently, we learned that China had, for the first time, surpassed the United States in AI patent filings: The development was revealed by Li Yuxiao, Deputy Head of the Chinese Academy of Cyberspace Studies at the 7th World Internet Conference (WIC), reports SCMP. With this, China is now bolstering its position of being a leader in AI. As per the report, China had filed more than 110,000 artificial intelligence patents last year, more than the patents filed by the United States but the number of patents filed by the country has not been disclosed. “China surpasses US for the first time in artificial intelligence patent filings” at TECHregister (November 27, 2020) Now, people have been claiming that innovative competitiveness is Read More ›
Russia Aims to Close the Technology Gap With the United States
Independent since 1991, the vast nation offers a government version of Silicon Valley cultureIn this week’s podcast, “AI development in Russia, Part 1,” Walter Bradley Center director Robert J. Marks talks with Samuel Bendett about Russia’s struggles to develop AI for entrepreneurship and free enterprise, rather than military uses. It turns out to be mainly a cultural struggle, as historic institutions must adapt to an environment where market dominance is more important than military dominance. Mr. Bendett, who is fluent in Russian and English, is an advisor to the Russia Studies Program and the Center for Autonomy and Artificial Intelligence of the CNA Adversary Analysis Group. And how is Russia faring? https://episodes.castos.com/mindmatters/Mind-Matters-103-Samuel-Bendett.mp3 From the transcript: (Show Notes, Resources, and a link to the complete transcript follow.) Robert J. Marks (pictured): What I want Read More ›
AI Development in Russia — Part 1
What is happening in Russia right now with regards to non-military development of artificial intelligence? Samuel Bendett and Robert J. Marks discuss Russian non-military development of AI, entrepreneurship, and free enterprise. Show Notes Additional Resources
Why Are There No New Googles and Amazons?
The internet has matured, making many new internet-based companies comparatively low-techToday’s startups have targeted a much different set of technologies than did startups in past decades.
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Transhumanism—Is It a Dangerous Idea?
Some Silicon Valley greats hope to merge with machines to live forever. But what then?The late philosopher Jerry Fodor (1935—2017) said that the reason “we’re all materialists” is that the alternatives seem even worse. Transhumanism, had he lived to see it develop, would give him pause for further reflection.
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Tech Entrepreneur Peter Thiel says Silicon Valley is losing its touch
Peter Thiel also compared universities today to the Catholic Church at its worstAbout the Big Tech companies, he says, “The story is not that they have done a lot of bad things but that they have not done enough good things. That remains the core challenge of Silicon Valley.”
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Silicon Valley’s Strange, Apocalyptic Cult
Key Valley figures hope to beat death the transhumanist way. Oh, by the way, YOU are doomedEverything has a history, including Silicon Valley. According to a new media theorist, an influential Valley philosophy might underlie the current attitudes, values, and beliefs: There is a Silicon Valley religion, and it’s one that doesn’t particularly care for people — at least not in our present form. Technologists may pretend to be led by a utilitarian, computational logic devoid of superstition, but make no mistake: There is a prophetic belief system embedded in the technologies and business plans coming out of Google, Uber, Facebook, and Amazon, among others. Douglas Rushkoff, “The Anti-Human Religion of Silicon Valley” at Medium In an excerpt from his new book, Team Human (2019), Rushkoff traces the history to a post-Cold War collaboration centered on Read More ›
Exporting and Securing Technologies of Today and Tomorrow
U.S. Export Control and Research EspionageTechnology is vital in commerce and war. Corporations spend billions in development and don’t want to get ripped off. Technology and AI, more than ever, determine military superiority. What are the laws that protect technology and how are they enforced? Show Notes 01:20 | Introduction; Daniel M. Ogden, J.D. 03:06 | Reasons for protected technology 04:00 | Determining what needs Read More ›
Peaceful code of conduct sparks rage in Silicon Valley
Hi tech firm’s code, based on ancient monks’ practice, deemed “just disgusting”