In this podcast episode, technology consultant and author Jeffrey Funk joins Robert J. Marks to talk about the artificial intelligence industry, how it’s used by Big Tech, and AI’s exaggerated hype. How do we respond to AI when technology is changing every year? Additional Resources
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 ›
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 ›
Many 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 ›
Publishers decided last week to revise certain aspects of beloved author Roald Dahl’s books, like James and the Giant Peach and Charlie and the Chocolate Factory. They said the decision was intended to make Dahl’s books more inclusive. The decision sparked controversy and outrage in the literary community, and now, Penguin Random House has changed their minds and will preserve the original texts. ABC reported: The updates to Dahl’s works under Penguin had meant to be more inclusive, progressive and more acceptable to today’s readers. Phrases like ‘mothers and fathers’ in Dahl’s ‘Matilda,’ first published in 1988, could have been replaced with ‘parents’ while some descriptions of ‘fat’ characters could have been edited or removed entirely. Description of women’s jobs Read More ›
Big 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 ›
In a new article from Deseret News, Brad Wilcox and Riley Peterson equate Big Tech to “Big Tobacco.” They argue that the online world has the same dangers and negative effects as other drugs, and go on to cite alarming mental health data to back up their claims. Similar to how smoking was found to be dangerous in the 1970s and yet poorly regulated by the government, Big Tech is harming kids today yet is met with little intervention or pushback. They start with a powerful analogical anecdote, writing, Imagine if a man in a white panel van pulled up in your neighborhood and began enticing teens to look at pictures and videos featuring drug use, pornography and a range Read More ›
First, as Elon Musk continues to dump the files out the window at Twitter — to the dismay of the media elite that generally knew and approved of censorship of views other than their own, especially where COVID-19 or U.S. federal politics was concerned: Twitter files 13: Handled by independent journalist Alex Berenson — once banned from Twitter for criticizing the government response to the pandemic: “Pfizer board member Scott Gottlieb secretly pressed Twitter to hide posts challenging his company’s massively profitable Covid jabs /To funnel his demands, Gottlieb used the same Twitter lobbyist the White House did – fresh evidence of overlap between the company selling mRNA shots and the government forcing them on the public.” 4/ In October Read More ›
Debra J. Saunders, a fellow at Discovery Institute’s Chapman Center for Citizen Leadership, wrote an article for The Daily Caller this week on the mounting problem of privacy regarding cell phone usage. Saunders expresses concern about the ease in which government and Big Tech companies can mine data and track people through their cell phones. Saunders thinks the COVID pandemic sped up the process of privacy violations. She recalls a 2021 incident in which the state of Massachusetts purportedly worked with Google to download a COVID tracker app without users’ notice or consent. Now, the state is facing a lawsuit. Saunders reports, The New Civil Liberties Alliance filed a class-action lawsuit this month against the Massachusetts Department of Public Health to end Read More ›
Elon Musk, CEO of SpaceX and Tesla and founder of PayPal, radically reorganized Twitter in October and November, and now, is the subject of much criticism from the media. He has laid off hundreds of employees and fired the advisory board. In addition, he reinstated the formerly suspended accounts of Jordan Peterson, parody news site The Babylon Bee, and most outrageously, former president Donald Trump. A few days ago, somehow it was assumed across the Twitter sphere that the entire platform was about to implode. I started seeing people post things like, “If this is my last tweet, I’m okay with that…” Not sure what was happening, I experienced a sudden flood of similar tweets prophesying the Twitter era’s impending Read More ›
In this week’s podcast, “Web3: The next generation of the internet” (August 4, 2022), Walter Bradley Center director Robert J. Marks interviews graduate student Adam Goad and Dr. Austin Egbert, both in computer engineering at Baylor University, on the coming decentralization of the internet. With developments like the ones they discuss looming, Big Tech may be seeing a waistline trim. This is the Part I of the first of the three discussions. https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-198-Adam-Goad-Austin-Egbert.mp3 A partial transcript and Additional Resources follow. Dr. Marks began by discussing all the services he gets from Google, confessing that he has not needed to go to a library in over two decades. But… Robert J. Marks: Now, is Google just being nice in giving me Read More ›
Futurist George Gilder forecasts that decentralization of the web is going to be the future of the internet. Data will become more personalized and stored on your local computer instead of in the cloud and companies like Google will have to figure out some way to adjust. Adam Goad and Dr. Austin Egbert discuss blockchain, Web3, decentralization, and the metaverse Read More ›
Technology companies spend a lot of money trying to determine the best way to hook customers on their products. They have tremendous influence, but you have the final say. Andrew McDiarmid discusses technology, influence, and how to reset your technology use with Robert J. Marks. Additional Resources Andrew McDiarmid’s website Andrew McDiarmid at Discovery.org How to Glorify God with Your Read More ›
Early in his career, IEEE fellow and retired National Science Foundation program director Paul Werbos developed the neural network training algorithm known as error backpropagation, which has been foundational to the vast majority of today’s advances in artificial intelligence. Listen in as he discusses his work in this area and other topics, including his tenure with the National Science Foundation, Read More ›
Doug Smith, author of [Un]Intentional: How Screens Secretly Shape Your Desires and How You Can Break Free, explains to Andrew McDiarmid how we can escape the subtle influence of Big Tech. He also emphasizes the importance of removing ourselves from our screens so we can enjoy the outside world and recapture our creativity. Show Notes 00:38 | Introducing Doug Smith Read More ›
Our obsession today with screens is, often unintentionally, taking us to places we regret. We use these windows into the world for hours every day, often unaware how intentional content creators and app designers are in shaping our decisions and forming harmful habits. Andrew McDiarmid interviews Doug Smith, author of the book [Un]Intentional: How Screens Secretly Shape Your Desires and Read More ›
On Tuesday, President Joe Biden referred to the harms of social media in his State of the Union address, announcing policy proposals to curb those harms. In response, however, some have been critical of the president’s remarks, accusing him of ignoring social media’s deeper dangers. Over an hour into his speech, President Biden turned to mental health and the emotional toll the pandemic has had, especially on children. Then he turned to the emotional health toll exacted by social media, long before the first COVID-19 lockdowns. “Children were also struggling before the pandemic – bullying, violence, trauma, and the harms of social media,” he said. “It’s time to strengthen privacy protections, ban targeted advertising to children, demand tech companies stop Read More ›
Last week, former President Trump unveiled his new social media app: Truth Social, a free-speech alternative to Twitter. It immediately became the number one free app on Apple’s App Store and boasted half a million users within its first forty-eight hours. But hiccups soon followed, including error messages and long wait times for access to the platform. The app went live on February 21, which was (perhaps not coincidentally) President’s Day. But those who signed up to join were automatically placed on a waitlist, numbering in the hundreds of thousands. When a Post reporter tried to sign up for a Truth social account on Tuesday morning, he was told that he was number 387,392 on a waitlist. “We love you, and you’re Read More ›
(This article by Karl D. Stephan originally appeared at Engineering Ethics Blog September 27, 2021, and is reprinted with permission.) On September 9, Texas Governor Greg Abbott signed HB 20, a law designed to keep social media companies with more than 50 million subscribers from blocking users whose viewpoints the company disapproves of. Scheduled to take effect in December, the law has already attracted controversy and threats of lawsuits to keep it from going into effect. Currently, if a user is de-platformed from a large site such as Facebook, there are not a lot of alternatives. The overarching law in the US pertaining to such situations is Section 230 of the federal Communications Decency Act, which prevails if there is a conflict between Read More ›