Sam Altman

38 results back to index


pages: 414 words: 109,622

Genius Makers: The Mavericks Who Brought A. I. To Google, Facebook, and the World by Cade Metz

AI winter, air gap, Airbnb, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, AlphaGo, Amazon Robotics, artificial general intelligence, Asilomar, autonomous vehicles, backpropagation, Big Tech, British Empire, Cambridge Analytica, carbon-based life, cloud computing, company town, computer age, computer vision, deep learning, deepfake, DeepMind, Demis Hassabis, digital map, Donald Trump, driverless car, drone strike, Elon Musk, fake news, Fellow of the Royal Society, Frank Gehry, game design, Geoffrey Hinton, Google Earth, Google X / Alphabet X, Googley, Internet Archive, Isaac Newton, Jeff Hawkins, Jeffrey Epstein, job automation, John Markoff, life extension, machine translation, Mark Zuckerberg, means of production, Menlo Park, move 37, move fast and break things, Mustafa Suleyman, new economy, Nick Bostrom, nuclear winter, OpenAI, PageRank, PalmPilot, pattern recognition, Paul Graham, paypal mafia, Peter Thiel, profit motive, Richard Feynman, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, Sam Altman, Sand Hill Road, self-driving car, side project, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Skype, speech recognition, statistical model, stem cell, Stephen Hawking, Steve Ballmer, Steven Levy, Steven Pinker, tech worker, telemarketer, The Future of Employment, Turing test, warehouse automation, warehouse robotics, Y Combinator

Many of the other guests were the millionaire founders of start-ups that had recently emerged from Y Combinator, the start-up accelerator overseen by Sam Altman. Some were among the founders who’d responded to a mysterious invitation five years earlier, filed into a conference room inside the Y Combinator offices in San Francisco, and looked on in surprise as a robot rolled into the room with an iPad where its head should have been, a live closeup of Yuri Milner appeared on the iPad, and Milner suddenly announced he was investing $150,000 in each and every one of their brand-new companies. Yuri Milner hosted the Westworld screening alongside Sam Altman. “Sam Altman + Yuri Milner invite you to a pre-release screening of the opening episode of Westworld, a new HBO series exploring the dawn of artificial consciousness and intelligence,” the invitation read.

he unveiled a new start-up, called Neuralink: Rolfe Winkler, “Elon Musk Launches Neuralink to Connect Brains with Computers,” Wall Street Journal, March 27, 2017, https://www.wsj.com/articles/elon-musk-launches-neuralink-to-connect-brains-with-computers-1490642652. as a twenty-year-old college sophomore: Tad Friend, “Sam Altman’s Manifest Destiny,” New Yorker, October 3, 2016, https://www.newyorker.com/magazine/2016/10/10/sam-altmans-manifest-destiny. “Self-belief is immensely powerful”: Sam Altman blog, “How to Be Successful,” January 24, 2019, https://blog.samaltman.com/how-to-be-successful. “As time rolls on and we get closer to something”: Steven Levy, “How Elon Musk and Y Combinator Plan to Stop Computers from Taking Over,” Backchannel, Wired, December 11, 2015, https://www.wired.com/2015/12/how-elon-musk-and-y-combinator-plan-to-stop-computers-from-taking-over/.

After stepping down as chief technology officer at Stripe, a high-profile online payments start-up, the twenty-six-year-old MIT dropout was on his way to dinner with Elon Musk, and he was late. But when Brockman walked into the private dining room at the Rosewood, Musk had yet to arrive, and, in typical fashion, the founder and CEO of Tesla and SpaceX didn’t arrive for more than an hour. But another conspicuous Silicon Valley investor was already there: Sam Altman, president of the start-up accelerator Y Combinator. He greeted Brockman and introduced him to the small group of AI researchers who’d gathered on the patio that looked out onto the hills west of Palo Alto. One of them was Ilya Sutskever. After they moved inside and sat down for dinner, Musk arrived, filling the room with his unusually broad shoulders and equally expansive personality.


pages: 332 words: 97,325

The Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups by Randall Stross

affirmative action, Airbnb, AltaVista, always be closing, Amazon Mechanical Turk, Amazon Web Services, barriers to entry, Ben Horowitz, Benchmark Capital, Burning Man, business cycle, California gold rush, call centre, cloud computing, crowdsourcing, don't be evil, Elon Musk, Hacker News, high net worth, hockey-stick growth, index fund, inventory management, John Markoff, Justin.tv, Lean Startup, Marc Andreessen, Mark Zuckerberg, Max Levchin, medical residency, Menlo Park, Minecraft, minimum viable product, Morris worm, Paul Buchheit, Paul Graham, Peter Thiel, QR code, Richard Feynman, Richard Florida, ride hailing / ride sharing, Salesforce, Sam Altman, Sand Hill Road, selling pickaxes during a gold rush, side project, Silicon Valley, Silicon Valley startup, Skype, social graph, software is eating the world, South of Market, San Francisco, speech recognition, Stanford marshmallow experiment, Startup school, stealth mode startup, Steve Jobs, Steve Wozniak, Steven Levy, TaskRabbit, transaction costs, Y Combinator

Microsoft’s first product, right?” Printing photo books could be their start, their Altair BASIC, but Graham wants to know: “What do you expand into from this?” “We basically believe in the power of memory, nostalgia. We could go into lots of physical products—” a Kalvin begins. Another YC partner jumps in. Sam Altman is an alumnus from Y Combinator’s inaugural batch, summer 2005, and holds a day job as the chief executive of Loopt, the company that came out of that experience.3 But he’s also a part-time YC partner and sits in on the finalist interviews when he can. “I believe you on the memories and nostalgia,” says Altman.

Graham permits Dolphin to proceed, fielding questions about the technology that he and O’Doherty have developed—an Android app used to evaluate the performance of individual cell towers. The two young men think the data that the app collects may be useful to consumers who wish to compare the reliability of different wireless carriers’ service. The technical expertise embodied in their testing software impressed him, and even more important, impressed Sam Altman, the resident expert in the room on wireless technology. After a few minutes, however, Graham cannot wait any longer to inquire what possible reason accounts for O’Doherty’s seeming defiance of YC’s requirement that all founders be present. “Why did you not come to the interview?” he asks of O’Doherty through Dolphin’s open laptop.

Graham cannot contain his excitement. “If I were you, I’d essentially write a program, executed by humans, for how to colonize a new college. And you just colonize all of them. There’s no limit! Do them all next month!” The founders laugh, thinking Graham could not possibly be serious, but he is. Sam Altman, whose voice is always serious, asks the CampusCreds, “Is there a reason you haven’t done that?” “We need a rep at most of the campuses,” one answers. It is the rep who enlists local businesses and sets up the deals that are sold on the site. Altman notices something else that is impressive: at the large deal sites, like Groupon, about 85 percent of the customers are women.


pages: 308 words: 85,880

How to Fix the Future: Staying Human in the Digital Age by Andrew Keen

"World Economic Forum" Davos, 23andMe, Ada Lovelace, Affordable Care Act / Obamacare, Airbnb, Albert Einstein, AlphaGo, Andrew Keen, Apple's 1984 Super Bowl advert, augmented reality, autonomous vehicles, basic income, Bernie Sanders, Big Tech, bitcoin, Black Swan, blockchain, Brewster Kahle, British Empire, carbon tax, Charles Babbage, computer age, Cornelius Vanderbilt, creative destruction, crowdsourcing, data is the new oil, death from overwork, DeepMind, Demis Hassabis, Didi Chuxing, digital capitalism, digital map, digital rights, disinformation, don't be evil, Donald Trump, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, European colonialism, fake news, Filter Bubble, Firefox, fulfillment center, full employment, future of work, gig economy, global village, income inequality, independent contractor, informal economy, Internet Archive, Internet of things, invisible hand, Isaac Newton, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joi Ito, Kevin Kelly, knowledge economy, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Mitch Kapor, move fast and break things, Network effects, new economy, Nicholas Carr, Norbert Wiener, OpenAI, Parag Khanna, peer-to-peer, Peter Thiel, plutocrats, post-truth, postindustrial economy, precariat, Ralph Nader, Ray Kurzweil, Recombinant DNA, rent-seeking, ride hailing / ride sharing, Rutger Bregman, Salesforce, Sam Altman, Sand Hill Road, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, Skype, smart cities, Snapchat, social graph, software is eating the world, Stephen Hawking, Steve Jobs, Steve Wozniak, subscription business, surveillance capitalism, Susan Wojcicki, tech baron, tech billionaire, tech worker, technological determinism, technoutopianism, The Future of Employment, the High Line, the new new thing, Thomas L Friedman, Tim Cook: Apple, Travis Kalanick, Triangle Shirtwaist Factory, Uber and Lyft, Uber for X, uber lyft, universal basic income, Unsafe at Any Speed, Upton Sinclair, urban planning, WikiLeaks, winner-take-all economy, Y Combinator, Yogi Berra, Zipcar

For a lucid introduction to Huw Price’s ideas about the block universe theory of time, hear his interview on the podcast show Philosophy Bites: “Huw Price on Backward Causation,” PhilosophyBites.com, July 15, 2012. 3. Price, Time’s Arrow and Archimedes’ Point, 4. 4. Roger Parloff, “AI Partnership Launched by Amazon, Facebook, Google, IBM, and Microsoft,” Fortune, September 28, 2016. 5. Tad Friend, “Sam Altman’s Manifest Destiny,” New Yorker, October 10, 2016. 6. Rana Foroohar, “Echoes of Wall Street in Silicon Valley’s Grip on Money and Power,” Financial Times, July 3, 2017. 7. Friend, “Sam Altman’s Manifest Destiny.” 8. Jim Yardley, “An American in a Strange Land,” New York Times Magazine, November 6, 2016. 9. Ibid., 48–51. 10. Robert Frank, “At Last, Jeff Bezos Offers a Hint of His Philanthropic Plans,” New York Times, June 15, 2017. 11.

The self-policing strategy of the DeepMind coalition sounds similar to the goals of another idealistic Elon Musk start-up—OpenAI, a Silicon Valley–based nonprofit research company focused on the promotion of an open-source platform for artificial intelligence technology. Musk cofounded OpenAI with Sam Altman, the thirty-one-year-old CEO of Y Combinator, Silicon Valley’s most successful seed investment fund. Launched in 2015 with a billion dollars raised by Silicon Valley royalty including the multi billionaires Reid Hoffman and Peter Thiel, the Silicon Valley–based OpenAI is run by a former Google expert on machine learning and staffed with an all-star team of computer scientists cherry-picked from top Big Tech firms.

We need to level up humans, because our descendants will either conquer the galaxy or extinguish consciousness in the universe forever,” he says, presenting this superintelligence threat as if it’s the plotline of a Star Trek episode.5 I ask Price what these young entrepreneurs, fabulously wealthy and gifted technologists like Deep Mind’s Demis Hassabis, or Y Combinator’s Sam Altman, need to incorporate into their self-prescribed moral code. What, I wonder, should the new men of the twenty-first century be thinking about to ensure that his Australian granddaughter will actually get to see the dawn of the twenty-second century? From where are these “moral criteria” going to come?


We Are the Nerds: The Birth and Tumultuous Life of Reddit, the Internet's Culture Laboratory by Christine Lagorio-Chafkin

"Friedman doctrine" OR "shareholder theory", 4chan, Aaron Swartz, Airbnb, Amazon Web Services, Bernie Sanders, big-box store, bitcoin, blockchain, Brewster Kahle, Burning Man, compensation consultant, crowdsourcing, cryptocurrency, data science, David Heinemeier Hansson, digital rights, disinformation, Donald Trump, East Village, eternal september, fake news, game design, Golden Gate Park, growth hacking, Hacker News, hiring and firing, independent contractor, Internet Archive, Jacob Appelbaum, Jeff Bezos, jimmy wales, Joi Ito, Justin.tv, Kickstarter, Large Hadron Collider, Lean Startup, lolcat, Lyft, Marc Andreessen, Mark Zuckerberg, medical residency, minimum viable product, natural language processing, Palm Treo, Paul Buchheit, Paul Graham, paypal mafia, Peter Thiel, plutocrats, QR code, r/findbostonbombers, recommendation engine, RFID, rolodex, Ruby on Rails, Sam Altman, Sand Hill Road, Saturday Night Live, self-driving car, semantic web, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, slashdot, Snapchat, Social Justice Warrior, social web, South of Market, San Francisco, Startup school, Stephen Hawking, Steve Bannon, Steve Jobs, Steve Wozniak, Streisand effect, technoutopianism, uber lyft, Wayback Machine, web application, WeWork, WikiLeaks, Y Combinator

Greg Gurevich adeptly and confidently answered Graham’s technical questions. (What Graham and Livingston didn’t know was that Greg was mostly winging it. He had a talent for mustering confidence; perhaps the shots of vodka chased with Listerine that he, his cousin, and their buddy had just downed helped.) Nineteen-year-old Sam Altman pitched Loopt, a location-aware social networking application, with two other founders. Only by the time of the interview, Altman’s cofounders seemed like they were bailing out. Upon hearing that Altman would be flying solo, Graham emailed him, brushing off a cofounderless endeavor: “You know, Sam, you’re only a freshman.

The YC partners made quick work of whittling down from twenty interviews the eight they wanted to fund. Livingston wrote a short list on the whiteboard in their Garden Street office, simply listing nicknames she’d made for each group, such as “The Kikos,” the Yale group with the great four-letter domain name. They made the cut. Sam Altman, the solo sophomore: yes. The Russians, whom Graham had started to think of as “The 3 Mikhails” (never mind that one of them was named Greg): yes. Aaron Swartz, the Internet phenom: yes. Promptly at 7 p.m., Graham started dialing numbers. Huffman and Ohanian were crashing that weekend with their friend Felipe Velásquez, who belonged to one of Harvard’s elite finals clubs, the Fly Club, and they spent time roaming the clubhouse at Two Holyoke Place near Harvard Square.

* * * When Wong pulled his ocean-blue Tesla onto Pioneer Way, a cul-de-sac in downtown Mountain View, in the spring of 2014, he saw several open parking spots in the lot to the side of Y Combinator’s headquarters. But he drove past them. He wasn’t trying to look ostentatious, and he knew his car was a little flashy. He wanted to make a good first impression with the guy he’d heard so much about: Sam Altman. As Wong parked a good distance from the door, he noticed in his rearview mirror another Tesla—this one an even flashier lighter shade of blue. He trained his eyes on the mirror and saw it slowly pull into a spot. A couple seconds later, out stepped Altman. If Wong’s vision of growing and evolving Reddit as a “city-state” and trying to appease the community was rough going, his other objective, to move the company toward profitability, was tougher.


pages: 562 words: 201,502

Elon Musk by Walter Isaacson

4chan, activist fund / activist shareholder / activist investor, Airbnb, Albert Einstein, AltaVista, Apollo 11, Apple II, Apple's 1984 Super Bowl advert, artificial general intelligence, autism spectrum disorder, autonomous vehicles, basic income, Big Tech, blockchain, Boston Dynamics, Burning Man, carbon footprint, ChatGPT, Chuck Templeton: OpenTable:, Clayton Christensen, clean tech, Colonization of Mars, computer vision, Computing Machinery and Intelligence, coronavirus, COVID-19, crowdsourcing, cryptocurrency, deep learning, DeepMind, Demis Hassabis, disinformation, Dogecoin, Donald Trump, Douglas Engelbart, drone strike, effective altruism, Elon Musk, estate planning, fail fast, fake news, game design, gigafactory, GPT-4, high-speed rail, hiring and firing, hive mind, Hyperloop, impulse control, industrial robot, information security, Jeff Bezos, Jeffrey Epstein, John Markoff, John von Neumann, Jony Ive, Kwajalein Atoll, lab leak, large language model, Larry Ellison, lockdown, low earth orbit, Marc Andreessen, Marc Benioff, Mars Society, Max Levchin, Michael Shellenberger, multiplanetary species, Neil Armstrong, Network effects, OpenAI, packet switching, Parler "social media", paypal mafia, peer-to-peer, Peter Thiel, QAnon, Ray Kurzweil, reality distortion field, remote working, rent control, risk tolerance, Rubik’s Cube, Salesforce, Sam Altman, Sam Bankman-Fried, San Francisco homelessness, Sand Hill Road, Saturday Night Live, self-driving car, seminal paper, short selling, Silicon Valley, Skype, SpaceX Starlink, Stephen Hawking, Steve Jobs, Steve Jurvetson, Steve Wozniak, Steven Levy, Streisand effect, supply-chain management, tech bro, TED Talk, Tesla Model S, the payments system, Tim Cook: Apple, universal basic income, Vernor Vinge, vertical integration, Virgin Galactic, wikimedia commons, William MacAskill, work culture , Y Combinator

Christmas Capers: Author’s interviews with Elon Musk, James Musk, Ross Nordeen, Kimbal Musk, Christiana Musk, Griffin Musk, David Agus. 93. AI for Cars: Author’s interviews with Dhaval Shroff, James Musk, Elon Musk, Milan Kovac. 94. AI for Humans: Author’s interviews with Elon Musk, Shivon Zilis, Bill Gates, Jared Birchall, Sam Altman, Demis Hassabis. Reed Albergotti, “The Secret History of Elon Musk, Sam Altman, and OpenAI,” Semafor, Mar. 24, 2023; Kara Swisher, “Sam Altman on What Makes Him ‘Super Nervous’ about AI,” New York, Mar. 23, 2023; Matt Taibbi, “Meet the Censored: Me?,” Racket, Apr. 12, 2023; Tucker Carlson, interview with Elon Musk, Fox News, Apr. 17 and 18, 2023. 95. The Starship Launch: Author’s interviews with Elon Musk, Maye Musk, Claire Boucher (Grimes), Mark Juncosa, Bill Riley, Shana Diez, Mark Soltys, Antonio Gracias, Jason Calacanis, Gwynne Shotwell, Hans Koenigsmann, Linda Yaccarino.

She finished filming the HBO series Westworld in Los Angeles, then moved back to England for good. But she made him a promise. “You’re my Mr. Rochester,” she said, referring to the brooding husband in Charlotte Brontë’s novel Jane Eyre. “And if Thornfield Hall burns down and you are blind, I’ll come to you and take care of you.” 40 Artificial Intelligence OpenAI, 2012–2015 With Sam Altman Peter Thiel, the PayPal cofounder who had invested in SpaceX, holds a conference each year with the leaders of companies financed by his Founders Fund. At the 2012 gathering, Musk met Demis Hassabis, a neuroscientist, video-game designer, and artificial intelligence researcher with a courteous manner that conceals a competitive mind.

He even reached out to President Obama, who agreed to a one-on-one meeting in May 2015. Musk explained the risk and suggested that it be regulated. “Obama got it,” Musk says. “But I realized that it was not going to rise to the level of something that he would do anything about.” Musk then turned to Sam Altman, a tightly bundled software entrepreneur, sports car enthusiast, and survivalist who, behind his polished veneer, had a Musk-like intensity. Altman had met Musk a few years earlier and spent three hours with him in conversation as they toured the SpaceX factory. “It was funny how some of the engineers would scatter or look away when they saw Elon coming,” Altman says.


pages: 393 words: 91,257

The Coming of Neo-Feudalism: A Warning to the Global Middle Class by Joel Kotkin

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", "World Economic Forum" Davos, Admiral Zheng, Alvin Toffler, Andy Kessler, autonomous vehicles, basic income, Bernie Sanders, Big Tech, bread and circuses, Brexit referendum, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, carbon footprint, Cass Sunstein, clean water, company town, content marketing, Cornelius Vanderbilt, creative destruction, data science, deindustrialization, demographic transition, deplatforming, don't be evil, Donald Trump, driverless car, edge city, Elon Musk, European colonialism, Evgeny Morozov, financial independence, Francis Fukuyama: the end of history, Future Shock, gentrification, gig economy, Gini coefficient, Google bus, Great Leap Forward, green new deal, guest worker program, Hans Rosling, Herbert Marcuse, housing crisis, income inequality, informal economy, Jane Jacobs, Jaron Lanier, Jeff Bezos, Jeremy Corbyn, job automation, job polarisation, job satisfaction, Joseph Schumpeter, land reform, liberal capitalism, life extension, low skilled workers, Lyft, Marc Benioff, Mark Zuckerberg, market fundamentalism, Martin Wolf, mass immigration, megacity, Michael Shellenberger, Nate Silver, new economy, New Urbanism, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Occupy movement, Parag Khanna, Peter Thiel, plutocrats, post-industrial society, post-work, postindustrial economy, postnationalism / post nation state, precariat, profit motive, public intellectual, RAND corporation, Ray Kurzweil, rent control, Richard Florida, road to serfdom, Robert Gordon, Salesforce, Sam Altman, San Francisco homelessness, Satyajit Das, sharing economy, Sidewalk Labs, Silicon Valley, smart cities, Social Justice Warrior, Steve Jobs, Stewart Brand, superstar cities, technological determinism, Ted Nordhaus, The Death and Life of Great American Cities, The future is already here, The Future of Employment, The Rise and Fall of American Growth, Thomas L Friedman, too big to fail, trade route, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, unpaid internship, upwardly mobile, Virgin Galactic, We are the 99%, Wolfgang Streeck, women in the workforce, work culture , working-age population, Y Combinator

Reuters, January 4, 2018, https://www.reuters.com/article/us-global-cities-tech-inequality/wi-fi-but-no-water-can-smart-tech-help-a-citys-poor-idUSKBN1EU0JF. 3 William Mitchell, City of Bits: Space, Place, and the Infobahn (Cambridge, Mass.: MIT Press, 1999), 50. 4 Luke Stangel, “Sam Altman wants Silicon Valley to sign on to a core set of common values,” Silicon Valley Business Journal, April 19, 2017, https://www.bizjournals.com/sanjose/news/2017/04/19/sam-altman-donald-trump-silicon-valley.html. 5 Jane Wakefield, “Tomorrow’s Cities—nightmare vision of the future?” BBC, February 22, 2017, https://www.bbc.com/news/technology-37384152. 6 Greg Ferenstein, “Silicon Valley’s political endgame, summarized in 12 visuals,” Medium, November 5, 2015, https://medium.com/the-ferenstein-wire/silicon-valley-s-political-endgame-summarized-1f395785f3c1. 7 Geoff Nesnow, “73 Mind-blowing Implications of Driverless Cars and Trucks,” Medium, February 9, 2018, https://medium.com/@DonotInnovate/73-mind-blowing-implications-of-a-driverless-future-58d23d1f338d; Steve Andriole, “Already Too Big to Fail—The Digital Oligarchy Is Alive, Well (& Growing),” Forbes, July 29, 2017, https://www.forbes.com/sites/steveandriole/2017/07/29/already-too-big-to-fail-the-digital-oligarchy-is-alive-well-growing/#71125b7667f5. 8 Marisa Kendall, “Tech execs back California bill that aims to build more housing near transit,” Mercury News, January 25, 2018, https://www.mercurynews.com/2018/01/24/tech-execs-back-bill-that-aims-to-build-more-housing-near-transit/. 9 Ferenstein, “Silicon Valley’s political endgame, summarized in 12 visuals.” 10 Nellie Bowles, “Dorm Living for Professionals Comes for San Francisco,” New York Times, March 4, 2018, https://www.nytimes.com/2018/03/04/technology/dorm-living-grown-ups-san-francisco.html; Emmie Martin, “Facebook and Google are both building more affordable housing in Silicon Valley,” CNBC, July 10, 2017, https://www.cnbc.com/2017/07/07/facebook-and-google-are-building-affordable-housing-in-silicon-valley.html; Avery Hartmans, “Facebook is building a village that will include housing, a grocery store and a hotel,” Business Insider, July 7, 2017, https://www.businessinsider.com/facebook-building-employee-housing-silicon-valley-headquarters-2017-7. 11 Ben Tarnoff, “Tech’s push to teach coding isn’t about kids’ success—it’s about cutting wages,” Guardian, September 21, 2017, https://www.theguardian.com/technology/2017/sep/21/coding-education-teaching-silicon-valley-wages. 12 Gerard C.

Everyone else will come to subsist on some combination of part-time entrepreneurial ‘gig work’ and government aid.”11 Ferenstein says that many tech titans, in contrast to business leaders of the past, favor a radically expanded welfare state.12 Mark Zuckerberg, Elon Musk, Travis Kalanick (former head of Uber), and Sam Altman (founder of Y Combinator) all favor a guaranteed annual income, in part to allay fears of insurrection by a vulnerable and struggling workforce. Yet unlike the “Penthouse Bolsheviks” of the 1930s, they have no intention of allowing their own fortunes to be squeezed. Instead, the middle class would likely foot much of the bill for guaranteed wages, health care, free college, and housing assistance, along with subsidies for gig workers, who do not receive benefits from their employers.13 This model could best be described as oligarchical socialism.

“The rise to power of net-based monopolies coincides with a new sort of religion based on becoming immortal,” writes Jaron Lanier.30 Potentially the most radical and far-reaching of the emerging creeds, transhumanism is a distinctly secular approach to achieving the long-cherished religious goal of immortality.31 The new tech religion treats mortality not as something to be transcended through moral actions, but as a “bug” to be corrected by technology.32 Although it sounds a bit like a wacky cult, transhumanism has long exercised a strong fascination for the elites of Silicon Valley. Devotees range from Sergei Brin, Larry Page, and Ray Kurzweil (of Google) to Peter Thiel and Sam Altman (Y Combinator). Kurzweil celebrates new technologies that allow for close monitoring of brain activity.33 Y Combinator is developing a technology for uploading one’s brain and preserving it digitally.34 The aim is to “develop and promote the realization of a Godhead based on Artificial Intelligence.”35 In some ways, transhumanism seems natural for those who hold technology above all other values.


pages: 361 words: 107,461

How I Built This: The Unexpected Paths to Success From the World's Most Inspiring Entrepreneurs by Guy Raz

Airbnb, AOL-Time Warner, Apple II, barriers to entry, Bear Stearns, Ben Horowitz, Big Tech, big-box store, Black Monday: stock market crash in 1987, Blitzscaling, business logic, call centre, Clayton Christensen, commoditize, Cornelius Vanderbilt, Credit Default Swap, crowdsourcing, data science, East Village, El Camino Real, Elon Musk, fear of failure, glass ceiling, growth hacking, housing crisis, imposter syndrome, inventory management, It's morning again in America, iterative process, James Dyson, Jeff Bezos, Justin.tv, Kickstarter, low cost airline, Lyft, Marc Andreessen, Mark Zuckerberg, move fast and break things, Nate Silver, Paul Graham, Peter Thiel, pets.com, power law, rolodex, Ronald Reagan, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, side hustle, Silicon Valley, software as a service, South of Market, San Francisco, Steve Jobs, Steve Wozniak, subprime mortgage crisis, TED Talk, The Signal and the Noise by Nate Silver, Tony Hsieh, Uber for X, uber lyft, Y Combinator, Zipcar

“bootstrapping as long as you can”: “Investing with the Godfather of Silicon Valley,” ZURB, n.d., accessed April 12, 2019, https://zurb.com/soapbox/ron-conway-zurbsoapbox-investing-with-the-godfather-of-silicon-valley. “In our experience”: Sam Altman, Twitter post, October 13, 2015, 2:02 p.m., https://twitter.com/sama/status/654039449538457600?s=20. “We especially love companies”: Sam Altman, Twitter post, October 13, 2015, 2:06 p.m., https://twitter.com/sama/status/654040512266039296?s=20. 7. Get Your Story Straight “the keeper of the vision”: Ben Horowitz, “How Andreessen Horowitz Evaluates CEOs” (blog post), a16z, May 31, 2010, https://a16z.com/2010/05/31/how-andreessen-horowitz-evaluates-ceos/.

Get Attention, Part 2: Engineering Word of Mouth “I would create the perception”: “A Lesson in Self Promotion with Tim Ferriss,” Soapbox, ZURB, 2011, accessed December 6, 2019, https://zurb.com/soapbox/tim-ferriss-s-soapbox-a-lesson-in-self-promotion-with-tim-ferriss. “There’s a hidden power”: Reid Hoffman and Sam Altman, “Why Customer Love Is All You Need,” Masters of Scale (podcast), January 30, 2018, https://mastersofscale.com/sam-altman-why-customer-love-is-all-you-need/. “nothing influences people more”: Louise Story, “Facebook Is Marketing Your Brand Preferences (with Your Permission),” New York Times, November 7, 2007, https://www.nytimes.com/2007/11/07/technology/07iht-07adco.8230630.html.

Ron Conway, the “Godfather of Silicon Valley,” once advised entrepreneurs that “bootstrapping as long as you can is the best thing for the company because you own the entire company . . . Use your credit cards, do anything you can so that by the time you go to angels you have built a working prototype and have some users. You’ll likely be valued higher and will suffer less dilution.” In 2015, Sam Altman, the president of Y Combinator, took to Twitter in defense of bootstrapping. “In our experience at YC,” he wrote, “the best companies do amazing things on small amounts of money.” He continued, “We especially love companies that can do a lot with little capital. It works much more often than those who do a little with a lot.”


pages: 559 words: 155,372

Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley by Antonio Garcia Martinez

Airbnb, airport security, always be closing, Amazon Web Services, Big Tech, Burning Man, business logic, Celtic Tiger, centralized clearinghouse, cognitive dissonance, collective bargaining, content marketing, corporate governance, Credit Default Swap, crowdsourcing, data science, deal flow, death of newspapers, disruptive innovation, Dr. Strangelove, drone strike, drop ship, El Camino Real, Elon Musk, Emanuel Derman, Fairchild Semiconductor, fake it until you make it, financial engineering, financial independence, Gary Kildall, global supply chain, Goldman Sachs: Vampire Squid, Hacker News, hive mind, How many piano tuners are there in Chicago?, income inequality, industrial research laboratory, information asymmetry, information security, interest rate swap, intermodal, Jeff Bezos, Kickstarter, Malcom McLean invented shipping containers, Marc Andreessen, Mark Zuckerberg, Maui Hawaii, means of production, Menlo Park, messenger bag, minimum viable product, MITM: man-in-the-middle, move fast and break things, Neal Stephenson, Network effects, orbital mechanics / astrodynamics, Paul Graham, performance metric, Peter Thiel, Ponzi scheme, pre–internet, public intellectual, Ralph Waldo Emerson, random walk, Reminiscences of a Stock Operator, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, Scientific racism, second-price auction, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, social graph, Social Justice Warrior, social web, Socratic dialogue, source of truth, Steve Jobs, tech worker, telemarketer, the long tail, undersea cable, urban renewal, Y Combinator, zero-sum game, éminence grise

It involved pitching a mini version of our eventual Demo Day presentation to a select group of elite YC investors. As with a talent show, those investors then voted on which companies they wanted to talk to, and after computing the tally, we were given two angels to prepare us for the eventual fund-raising hootenanny. We drew two very notable Silicon Valley figures: Jean-François “Jeff” Clavier and Sam Altman. Sam Altman is the current head of Y Combinator, and the person whom Paul Graham has entrusted with transforming his brainchild into a long-lived and scalable institution. In 2010, he was CEO and founder of Loopt, a company that had pioneered the location-check-in product that Foursquare would later eclipse (only to itself stumble), and which Facebook eventually worked into its product.

In my desperation to find an in with Microsoft, I had stalked people on LinkedIn like some recruiter trying to poach a hire, searching for an intersection point with Microsoft. Sama was one of those highly connected nodes that pepper the Valley; you know him, and you’re not more than two hops from anybody that matters. Sam Altman assured me he’d try to do the best he could, and promptly cut off the call. A week went by. Driving on the 280, I saw his number flash on my phone and pulled over; Sam Altman cannot be dealt with at eighty miles per hour. “So I talked to [name redacted], who is Adchemy’s business-development contact at Microsoft. He assures me he brought up the AdGrok issue in one of their meetings with Adchemy.

Let’s be blunt: ours was a relationship of pure convenience, and I exploited you as much as you did me. As they say, the ideal deal is one where both parties walk away feeling slightly screwed. Here’s to our perfect deal. Thanks to Matt McEachen and Argyris Zymnis, my fellow comrades in the startup trenches. I told you this Y Combinator thing would be big. To Paul Graham, Jessica Livingston, Sam Altman, and the rest of the Y Combinator partners and founders involved in the AdGrok saga. In a Valley world awash with mammoth greed and opportunism masquerading as beneficent innovation, you were the only real loyalty and idealism I ever encountered. Lastly, thanks to my former Facebook colleagues, who provided such an amusing cast for this book, and two years of my life.


pages: 300 words: 76,638

The War on Normal People: The Truth About America's Disappearing Jobs and Why Universal Basic Income Is Our Future by Andrew Yang

3D printing, Airbnb, assortative mating, augmented reality, autonomous vehicles, basic income, Bear Stearns, behavioural economics, Ben Horowitz, Bernie Sanders, call centre, corporate governance, cryptocurrency, data science, David Brooks, DeepMind, Donald Trump, Elon Musk, falling living standards, financial deregulation, financial engineering, full employment, future of work, global reserve currency, income inequality, Internet of things, invisible hand, Jeff Bezos, job automation, John Maynard Keynes: technological unemployment, Khan Academy, labor-force participation, longitudinal study, low skilled workers, Lyft, manufacturing employment, Mark Zuckerberg, megacity, meritocracy, Narrative Science, new economy, passive income, performance metric, post-work, quantitative easing, reserve currency, Richard Florida, ride hailing / ride sharing, risk tolerance, robo advisor, Ronald Reagan, Rutger Bregman, Sam Altman, San Francisco homelessness, self-driving car, shareholder value, Silicon Valley, Simon Kuznets, single-payer health, Stephen Hawking, Steve Ballmer, supercomputer in your pocket, tech worker, technoutopianism, telemarketer, The future is already here, The Wealth of Nations by Adam Smith, traumatic brain injury, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, unemployed young men, universal basic income, urban renewal, warehouse robotics, white flight, winner-take-all economy, Y Combinator

This is hugely indicative because of the enormous sample size—Iran has 80 million people, equivalent to the combined total of New York, California, and Florida—over an extended period of time. Most recently, a small trial launched in the United States. Starting in early 2017 in Oakland, California, Sam Altman, the head of the technology firm Y Combinator, is giving 100 households in Oakland approximately $1,000 to $2,000 per month for about a year to measure the impacts on recipients. The goal is to roll out a larger five-year trial afterward. Sam and his friends are giving away $2 million and hiring researchers just to see what will happen.

The most direct way to do so would be to move toward a single-payer health care system, in which the government both guarantees health care for all and negotiates fixed prices. Medicare—the government-provided health care program for Americans 65 and over—essentially serves this role for senior citizens and has successfully driven down costs and provided quality care for tens of millions. Most everyone loves Medicare—it’s politically bulletproof. Sam Altman, the head of Y Combinator, suggests rolling out Medicare across the population by gradually lowering the eligibility age over time. A gradual phase-in would give the industry time to plan and adjust. This is an excellent way forward, and a “Medicare-for-all” movement is currently gathering steam.

Lauren Zalaznick, Cheryl Houser, Eric Bahn, Miles Lasater, Bernie Sucher, Kathryn Bendheim, Daniel Tarullo, Miika Grady, Scott Krase, Eric Cantor, Lawrence Yang, Owen Johnson, Chip Hazard, Chris Boggiano, Marian Salzman, Guillermo Silberman, and many others provided phenomenal insight into early drafts. Albert Wenger, Josh Kopelman, Rutger Bregman, David Brooks, J. D. Vance, Jean Twenge, Lisa Wade, Victor Tan Chen, Yuval Harari, Steve Case, David Autor, Krystal Ball, Ryan Avent, Alec Ross, Mark Zuckerberg, Sam Altman, Chris Hughes, Derek Thompson, Steve Glickman, John Lettieri, Rana Foroohar, Tim O’Reilly, Dylan Matthews, Annie Lowrey, Ross Baird, Nick Hanauer, David Rose, and Scott Santens shaped my thinking on many points, generally without knowing it. Thank you to Zeke Vanderhoek for being such a great partner and friend.


pages: 477 words: 75,408

The Economic Singularity: Artificial Intelligence and the Death of Capitalism by Calum Chace

"World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, AI winter, Airbnb, AlphaGo, Alvin Toffler, Amazon Robotics, Andy Rubin, artificial general intelligence, augmented reality, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Berlin Wall, Bernie Sanders, bitcoin, blockchain, Boston Dynamics, bread and circuses, call centre, Chris Urmson, congestion charging, credit crunch, David Ricardo: comparative advantage, deep learning, DeepMind, Demis Hassabis, digital divide, Douglas Engelbart, Dr. Strangelove, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Fairchild Semiconductor, Flynn Effect, full employment, future of work, Future Shock, gender pay gap, Geoffrey Hinton, gig economy, Google Glasses, Google X / Alphabet X, Hans Moravec, Herman Kahn, hype cycle, ImageNet competition, income inequality, industrial robot, Internet of things, invention of the telephone, invisible hand, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, Kiva Systems, knowledge worker, lifelogging, lump of labour, Lyft, machine translation, Marc Andreessen, Mark Zuckerberg, Martin Wolf, McJob, means of production, Milgram experiment, Narrative Science, natural language processing, Neil Armstrong, new economy, Nick Bostrom, Occupy movement, Oculus Rift, OpenAI, PageRank, pattern recognition, post scarcity, post-industrial society, post-work, precariat, prediction markets, QWERTY keyboard, railway mania, RAND corporation, Ray Kurzweil, RFID, Rodney Brooks, Sam Altman, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, SoftBank, software is eating the world, speech recognition, Stephen Hawking, Steve Jobs, TaskRabbit, technological singularity, TED Talk, The future is already here, The Future of Employment, Thomas Malthus, transaction costs, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, uber lyft, universal basic income, Vernor Vinge, warehouse automation, warehouse robotics, working-age population, Y Combinator, young professional

[xcvii] IBM says that its cognitive computing business, which depends heavily on machine learning, now accounts for over a third of its $81 billion annual revenues, and is the main focus for the company’s growth. IBM Watson’s best-known work today is in the medical sector, but it is also carrying out large-scale projects in food safety with Mars, and in personality profiling for recruitment firms and dating apps.[xcviii] In December 2015, Elon Musk and Sam Altman, president of the technology incubator Y Combinator announced the formation of a new company called Open AI. They had recruited a clutch of the top machine learning professionals despite the efforts of Google and Facebook to hang onto them with eye-watering financial offers. There is some uncertainty about whether other companies controlled by Musk and Altman (like Tesla and Solar City) will have privileged access to technologies developed at Open AI, but the thrust of the company is to make advanced AI techniques more widely available in the hope that will de-risk them.

All these initiatives are looking for ways to tackle problems with existing social welfare systems. We have to go to Silicon Valley to find an experiment specifically designed to explore the impact of UBI in the context of a jobless future when machine intelligence has automated most of what we currently do for a living. Just such an experiment was announced in January 2016 by Sam Altman, president of the seed capital firm Y Combinator, which gave a start in life to Reddit, AirBnB and DropBox. Altman's task is not trivial: he will have to figure out a way to quantify the satisfaction his guinea pigs derive from their UBI, and whether they are doing anything useful with their time.

t=1 [xcvi] http://edge.org/response-detail/26780 [xcvii] http://techcrunch.com/2016/03/19/how-real-businesses-are-using-machine-learning/ [xcviii] http://www.latimes.com/business/technology/la-fi-cutting-edge-ibm-20160422-story.html [xcix] http://www.wired.com/2016/04/openai-elon-musk-sam-altman-plan-to-set-artificial-intelligence-free/ [c] http://www.strategyand.pwc.com/global/home/what-we-think/innovation1000/top-innovators-spenders#/tab-2015 [ci] 2013 data: http://www.ons.gov.uk/ons/rel/rdit1/gross-domestic-expenditure-on-research-and-development/2013/stb-gerd-2013.html [cii] http://insights.venturescanner.com/category/artificial-intelligence-2/ [ciii] http://techcrunch.com/2015/12/25/investing-in-artificial-intelligence/ [civ] http://www.wired.com/2015/11/google-open-sources-its-artificial-intelligence-engine/ [cv] https://www.theguardian.com/technology/2016/apr/13/google-updates-tensorflow-open-source-artificial-intelligence [cvi] http://www.wired.com/2015/12/facebook-open-source-ai-big-sur/ [cvii] The name Parsey McParseFace is a play on a jokey name for a research ship which received a lot of votes in a poll run by the British government in April 2016. http://www.wsj.com/articles/googles-open-source-parsey-mcparseface-helps-machines-understand-english-1463088180 [cviii] Assuming you don't count the Vatican as a proper country. http://www.ibtimes.co.uk/google-project-loon-provide-free-wifi-across-sri-lanka-1513136 [cix] https://setandbma.wordpress.com/2013/02/04/who-coined-the-term-big-data/ [cx] http://www.pcmag.com/encyclopedia/term/37701/amara-s-law [cxi] http://www.lrb.co.uk/v37/n05/john-lanchester/the-robots-are-coming [cxii] Haitz's Law states that the cost per unit of useful light emitted decreases exponentially [cxiii] http://computationalimagination.com/article_cpo_decreasing.php [cxiv] http://www.nytimes.com/2006/06/07/technology/circuits/07essay.html [cxv] . http://arstechnica.com/gadgets/2015/02/intel-forges-ahead-to-10nm-will-move-away-from-silicon-at-7nm/ [cxvi] .


pages: 179 words: 43,441

The Fourth Industrial Revolution by Klaus Schwab

"World Economic Forum" Davos, 3D printing, additive manufacturing, Airbnb, Amazon Mechanical Turk, Amazon Web Services, Anthropocene, augmented reality, autonomous vehicles, barriers to entry, Baxter: Rethink Robotics, bitcoin, blockchain, Buckminster Fuller, call centre, circular economy, clean water, collaborative consumption, commoditize, conceptual framework, continuous integration, CRISPR, cross-border payments, crowdsourcing, digital divide, digital twin, disintermediation, disruptive innovation, distributed ledger, driverless car, Edward Snowden, Elon Musk, epigenetics, Erik Brynjolfsson, future of work, global value chain, Google Glasses, hype cycle, income inequality, Internet Archive, Internet of things, invention of the steam engine, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, life extension, Lyft, Marc Benioff, mass immigration, megacity, meta-analysis, more computing power than Apollo, mutually assured destruction, Narrative Science, Network effects, Nicholas Carr, nuclear taboo, OpenAI, personalized medicine, precariat, precision agriculture, Productivity paradox, race to the bottom, randomized controlled trial, reshoring, RFID, rising living standards, Sam Altman, Second Machine Age, secular stagnation, self-driving car, sharing economy, Silicon Valley, smart cities, smart contracts, social contagion, software as a service, Stephen Hawking, Steve Jobs, Steven Levy, Stuxnet, supercomputer in your pocket, synthetic biology, TaskRabbit, The Future of Employment, The Spirit Level, total factor productivity, transaction costs, Uber and Lyft, uber lyft, Watson beat the top human players on Jeopardy!, Wayback Machine, WikiLeaks, winner-take-all economy, women in the workforce, working-age population, Y Combinator, Zipcar

As theoretical physicist and author Stephen Hawking and fellow scientists Stuart Russell, Max Tegmark and Frank Wilczek wrote in the newspaper The Independent when considering the implications of artificial intelligence: “Whereas the short-term impact of AI depends on who controls it, the long-term impact depends on whether it can be controlled at all…All of us should ask ourselves what we can do now to improve the chances of reaping the benefits and avoiding the risks”.60 One interesting development in this area is OpenAI, a non-profit AI research company announced in December 2015 with the goal to “advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return”.61 The initiative – chaired by Sam Altman, President of Y Combinator, and Elon Musk, CEO of Tesla Motors - has secured $1 billion in committed funding. This initiative underscores a key point made earlier – namely, that one of the biggest impacts of the fourth industrial revolution is the empowering potential catalyzed by a fusion of new technologies. Here, as Sam Altman stated, “the best way AI can develop is if it’s about individual empowerment and making humans better, and made freely available to everyone.”62 The human impact of some particular technologies such as the internet or smart phones is relatively well understood and widely debated among experts and academics.


pages: 307 words: 82,680

A Pelican Introduction: Basic Income by Guy Standing

"World Economic Forum" Davos, anti-fragile, bank run, basic income, behavioural economics, Bernie Sanders, Bertrand Russell: In Praise of Idleness, Black Lives Matter, Black Swan, Boris Johnson, British Empire, carbon tax, centre right, collective bargaining, cryptocurrency, David Graeber, declining real wages, degrowth, deindustrialization, Donald Trump, Elon Musk, Fellow of the Royal Society, financial intermediation, full employment, future of work, gig economy, Gunnar Myrdal, housing crisis, hydraulic fracturing, income inequality, independent contractor, intangible asset, Jeremy Corbyn, job automation, job satisfaction, Joi Ito, labour market flexibility, land value tax, libertarian paternalism, low skilled workers, lump of labour, Marc Benioff, Mark Zuckerberg, Martin Wolf, mass immigration, mass incarceration, moral hazard, Nelson Mandela, nudge theory, offshore financial centre, open economy, Panopticon Jeremy Bentham, Paul Samuelson, plutocrats, precariat, quantitative easing, randomized controlled trial, rent control, rent-seeking, Salesforce, Sam Altman, self-driving car, shareholder value, sharing economy, Silicon Valley, sovereign wealth fund, Stephen Hawking, The Future of Employment, universal basic income, Wolfgang Streeck, women in the workforce, working poor, Y Combinator, Zipcar

Supporters in this fourth wave include: Nobel Prize winners James Buchanan, Herbert Simon, Angus Deaton, Christopher Pissarides and Joseph Stiglitz; academics Tony Atkinson, Robert Skidelsky and Robert Reich, former Secretary of Labour under Bill Clinton; prominent economic journalists Sam Brittan and Martin Wolf; and leading figures in the BIEN movement, such as German sociologist Claus Offe and the Belgian philosopher Philippe van Parijs. Latterly, the idea has been taken up by Silicon Valley luminaries and venture capitalists, some putting up money for the cause, as we shall see. They include Robin Chase, co-founder of Zipcar, Sam Altman, head of the start-up incubator Y Combinator, Albert Wenger, a prominent venture capitalist, Chris Hughes, co-founder of Facebook, Elon Musk, founder of SolarCity, Tesla and SpaceX, Marc Benioff, CEO of Salesforce, Pierre Omidyar, founder of eBay, and Eric Schmidt, Executive Chairman of Alphabet, Google’s parent.

And we can be reasonably sure that these changes will continue to worsen inequalities and be seriously disruptive, in often unpredictable ways that will hit many people through absolutely no fault of their own. In these circumstances, introducing a basic income system now would be sensibly precautionary and an equitable way to respond to the already visible disruption and inequality. Sam Altman, president of the American start-up incubator Y Combinator, has justified his allocation of funds to a basic income pilot (discussed in Chapter 11) on the grounds that we need to know how people would respond if the jobless future were to be realized and a basic income introduced. He told Bloomberg, ‘I’m fairly confident that at some point in the future, as technology continues to eliminate traditional jobs and massive new wealth gets created, we’re going to see some version of this [basic income] at a national scale.’21 In another interview, he put that point at ‘no fewer than 10 years’ and ‘no more than 100’.22 However, the immediate problem is one of income distribution rather than a sudden disappearance of work for humans to do.

Y Combinator, California In 2016, the start-up ‘accelerator’ Y Combinator announced a plan to conduct a small-scale basic income pilot in Oakland, California, for which $20 million has been put aside, probably to be supplemented by other donors. A ‘pre-pilot’ was launched in September 2016 to test logistics and study design, and a three- or four-year pilot was set to start in mid-2017.14 Sam Altman, the young venture capitalist who is president of Y Combinator, has said he wanted to fund a study on basic income because of the potential of artificial intelligence to eliminate traditional jobs and widen inequalities. He is not primarily interested in studying the impact on employment, assuming that there will not be many jobs out there.


pages: 283 words: 81,376

The Doomsday Calculation: How an Equation That Predicts the Future Is Transforming Everything We Know About Life and the Universe by William Poundstone

Albert Einstein, anthropic principle, Any sufficiently advanced technology is indistinguishable from magic, Arthur Eddington, Bayesian statistics, behavioural economics, Benoit Mandelbrot, Berlin Wall, bitcoin, Black Swan, conceptual framework, cosmic microwave background, cosmological constant, cosmological principle, CRISPR, cuban missile crisis, dark matter, DeepMind, digital map, discounted cash flows, Donald Trump, Doomsday Clock, double helix, Dr. Strangelove, Eddington experiment, Elon Musk, Geoffrey Hinton, Gerolamo Cardano, Hans Moravec, heat death of the universe, Higgs boson, if you see hoof prints, think horses—not zebras, index fund, Isaac Newton, Jaron Lanier, Jeff Bezos, John Markoff, John von Neumann, Large Hadron Collider, mandelbrot fractal, Mark Zuckerberg, Mars Rover, Neil Armstrong, Nick Bostrom, OpenAI, paperclip maximiser, Peter Thiel, Pierre-Simon Laplace, Plato's cave, probability theory / Blaise Pascal / Pierre de Fermat, RAND corporation, random walk, Richard Feynman, ride hailing / ride sharing, Rodney Brooks, Ronald Reagan, Ronald Reagan: Tear down this wall, Sam Altman, Schrödinger's Cat, Search for Extraterrestrial Intelligence, self-driving car, Silicon Valley, Skype, Stanislav Petrov, Stephen Hawking, strong AI, tech billionaire, Thomas Bayes, Thomas Malthus, time value of money, Turing test

Now 40 years later we have photorealistic 3D simulations with millions playing simultaneously. If you assume any rate of improvement at all, then the games will become indistinguishable from reality. It would seem to follow that the odds that we’re in base reality is 1 in millions.” In 2016 a New Yorker profile of venture capitalist Sam Altman mentioned in passing that “two tech billionaires have gone so far as to secretly engage scientists to work on breaking us out of the simulation.” This promptly led to speculation that one of the billionaires was Musk. Others wondered how it was even possible for simulated beings to break out of their simulation.

The United States has the Future of Life Institute at MIT, founded by Max Tegmark and Skype cofounder Jaan Tallinn, with a board of advisors including the ubiquitous Elon Musk (who donated $10 million). Silicon Valley has two such think tanks: the Machine Intelligence Research Institute, founded by computer scientist Eliezer Yudkowsky and tech entrepreneurs Brian and Sabine Atkins; and the OpenAI Foundation, founded by Musk, Sam Altman, Peter Thiel, and others. If this zeitgeist has a single axiom, it is that existential risks are different. Bostrom wrote: We cannot necessarily rely on the institutions, moral norms, social attitudes or national security policies that developed from our experience with managing other sorts of risks.

“The Odds, Continually Updated.” New York Times, September 29, 2014. Franceschi, Paul. “A Third Route to the Doomsday Argument.” Journal of Philosophical Research 34 (2009): 263–278. Friedman, Milton, and Rose Friedman. Two Lucky People: Memoirs. Chicago: University of Chicago Press, 1998. Friend, Tad. “Sam Altman’s Manifest Destiny.” The New Yorker, October 10, 2016. Gardner, Martin. Fads and Fallacies in the Name of Science. New York: Putnam, 1952. . “WAP, SAP, FAP & PAP.” New York Review of Books 33 (1986): 22–25. Gerig, Austin. “The Doomsday Argument in Many Worlds.” September 27, 2012. arXiv:1209.6251v1 [physics.pop-ph].


pages: 288 words: 86,995

Rule of the Robots: How Artificial Intelligence Will Transform Everything by Martin Ford

AI winter, Airbnb, algorithmic bias, algorithmic trading, Alignment Problem, AlphaGo, Amazon Mechanical Turk, Amazon Web Services, artificial general intelligence, Automated Insights, autonomous vehicles, backpropagation, basic income, Big Tech, big-box store, call centre, carbon footprint, Chris Urmson, Claude Shannon: information theory, clean water, cloud computing, commoditize, computer age, computer vision, Computing Machinery and Intelligence, coronavirus, correlation does not imply causation, COVID-19, crowdsourcing, data is the new oil, data science, deep learning, deepfake, DeepMind, Demis Hassabis, deskilling, disruptive innovation, Donald Trump, Elon Musk, factory automation, fake news, fulfillment center, full employment, future of work, general purpose technology, Geoffrey Hinton, George Floyd, gig economy, Gini coefficient, global pandemic, Googley, GPT-3, high-speed rail, hype cycle, ImageNet competition, income inequality, independent contractor, industrial robot, informal economy, information retrieval, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jeff Bezos, job automation, John Markoff, Kiva Systems, knowledge worker, labor-force participation, Law of Accelerating Returns, license plate recognition, low interest rates, low-wage service sector, Lyft, machine readable, machine translation, Mark Zuckerberg, Mitch Kapor, natural language processing, Nick Bostrom, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Ocado, OpenAI, opioid epidemic / opioid crisis, passive income, pattern recognition, Peter Thiel, Phillips curve, post scarcity, public intellectual, Ray Kurzweil, recommendation engine, remote working, RFID, ride hailing / ride sharing, Robert Gordon, Rodney Brooks, Rubik’s Cube, Sam Altman, self-driving car, Silicon Valley, Silicon Valley startup, social distancing, SoftBank, South of Market, San Francisco, special economic zone, speech recognition, stealth mode startup, Stephen Hawking, superintelligent machines, TED Talk, The Future of Employment, The Rise and Fall of American Growth, the scientific method, Turing machine, Turing test, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, universal basic income, very high income, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, WikiLeaks, women in the workforce, Y Combinator

The organization was conceived partly in response to Elon Musk’s deep concern about the potential for superhuman machine intelligence to someday pose a genuine threat to humanity. From the onset, OpenAI has attracted some of the field’s top researchers, including Ilya Sutskever, who was part of the team from Geoff Hinton’s University of Toronto Lab that built the neural network that triumphed at the 2012 ImageNet competition. In 2019, Sam Altman, who was then in charge of Silicon Valley’s highest profile startup incubator, Y-Combinator, became CEO and undertook a complicated legal reshuffling that resulted in a for-profit company attached to the original nonprofit entity. This was done in order to attract enough investment from the private sector so that OpenAI could fund massive investment in computational resources and compete for increasingly scarce AI talent.

In a speech at a technology conference in 2018, the company’s chief scientist, Ilya Sutskever, said, “We have reviewed progress in the field over the past six years. Our conclusion is near term AGI should be taken as a serious possibility.”41 Several months later, at another conference, OpenAI CEO Sam Altman said, “I do think that much of the secret to building [AGI] is just going to be scaling these systems bigger and bigger and bigger.”42 The jury remains out on this approach, but my guess is that in order to achieve success, OpenAI will need to scale up its efforts at genuine innovation—rather than just the size of its neural networks.

Gary Marcus and Ernest Davis, “GPT-3, Bloviator: OpenAI’s language generator has no idea what it’s talking about,” MIT Technology Review, August 22, 2020, www.technologyreview.com/2020/08/22/1007539/gpt3-openai-language-generator-artificial-intelligence-ai-opinion/. 40. Ford, Interview with Stuart Russell, in Architects of Intelligence, p. 53. 41. “OpenAI Founder: Short-Term AGI Is a Serious Possibility,” Synced, November 13, 2018, syncedreview.com/2018/11/13/openai-founder-short-term-agi-is-a-serious-possibility/. 42. Connie Loizos, “Sam Altman in conversation with StrictlyVC (video),” YouTube, May 18, 2019, youtu.be/TzcJlKg2Rc0, location 39:00. 43. Luke Dormehl, “Neuro-symbolic A.I. is the future of artificial intelligence. Here’s how it works,” Digital Trends, January 5, 2020, www.digitaltrends.com/cool-tech/neuro-symbolic-ai-the-future/. 44.


pages: 561 words: 157,589

WTF?: What's the Future and Why It's Up to Us by Tim O'Reilly

"Friedman doctrine" OR "shareholder theory", 4chan, Affordable Care Act / Obamacare, Airbnb, AlphaGo, Alvin Roth, Amazon Mechanical Turk, Amazon Robotics, Amazon Web Services, AOL-Time Warner, artificial general intelligence, augmented reality, autonomous vehicles, barriers to entry, basic income, behavioural economics, benefit corporation, Bernie Madoff, Bernie Sanders, Bill Joy: nanobots, bitcoin, Blitzscaling, blockchain, book value, Bretton Woods, Brewster Kahle, British Empire, business process, call centre, Capital in the Twenty-First Century by Thomas Piketty, Captain Sullenberger Hudson, carbon tax, Carl Icahn, Chuck Templeton: OpenTable:, Clayton Christensen, clean water, cloud computing, cognitive dissonance, collateralized debt obligation, commoditize, computer vision, congestion pricing, corporate governance, corporate raider, creative destruction, CRISPR, crowdsourcing, Danny Hillis, data acquisition, data science, deep learning, DeepMind, Demis Hassabis, Dennis Ritchie, deskilling, DevOps, Didi Chuxing, digital capitalism, disinformation, do well by doing good, Donald Davies, Donald Trump, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, Filter Bubble, Firefox, Flash crash, Free Software Foundation, fulfillment center, full employment, future of work, George Akerlof, gig economy, glass ceiling, Glass-Steagall Act, Goodhart's law, Google Glasses, Gordon Gekko, gravity well, greed is good, Greyball, Guido van Rossum, High speed trading, hiring and firing, Home mortgage interest deduction, Hyperloop, income inequality, independent contractor, index fund, informal economy, information asymmetry, Internet Archive, Internet of things, invention of movable type, invisible hand, iterative process, Jaron Lanier, Jeff Bezos, jitney, job automation, job satisfaction, John Bogle, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Zimmer (Lyft cofounder), Kaizen: continuous improvement, Ken Thompson, Kevin Kelly, Khan Academy, Kickstarter, Kim Stanley Robinson, knowledge worker, Kodak vs Instagram, Lao Tzu, Larry Ellison, Larry Wall, Lean Startup, Leonard Kleinrock, Lyft, machine readable, machine translation, Marc Andreessen, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, McMansion, microbiome, microservices, minimum viable product, mortgage tax deduction, move fast and break things, Network effects, new economy, Nicholas Carr, Nick Bostrom, obamacare, Oculus Rift, OpenAI, OSI model, Overton Window, packet switching, PageRank, pattern recognition, Paul Buchheit, peer-to-peer, peer-to-peer model, Ponzi scheme, post-truth, race to the bottom, Ralph Nader, randomized controlled trial, RFC: Request For Comment, Richard Feynman, Richard Stallman, ride hailing / ride sharing, Robert Gordon, Robert Metcalfe, Ronald Coase, Rutger Bregman, Salesforce, Sam Altman, school choice, Second Machine Age, secular stagnation, self-driving car, SETI@home, shareholder value, Silicon Valley, Silicon Valley startup, skunkworks, Skype, smart contracts, Snapchat, Social Responsibility of Business Is to Increase Its Profits, social web, software as a service, software patent, spectrum auction, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, stock buybacks, strong AI, synthetic biology, TaskRabbit, telepresence, the built environment, the Cathedral and the Bazaar, The future is already here, The Future of Employment, the map is not the territory, The Nature of the Firm, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Davenport, Tony Fadell, Tragedy of the Commons, transaction costs, transcontinental railway, transportation-network company, Travis Kalanick, trickle-down economics, two-pizza team, Uber and Lyft, Uber for X, uber lyft, ubercab, universal basic income, US Airways Flight 1549, VA Linux, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, We are the 99%, web application, Whole Earth Catalog, winner-take-all economy, women in the workforce, Y Combinator, yellow journalism, zero-sum game, Zipcar

The generous redistribution of oil profits and a strong social safety net funded by the wealth that is understood to belong to all makes Norway one of the happiest and wealthiest countries in the world. For a technology perspective, I turned to Paul Buchheit, creator of Gmail and now a partner at Y Combinator, and Sam Altman, the head of Y Combinator. In a 2016 conversation, Paul said to me: “There may need to be two kinds of money: machine money, and human money. Machine money is what you use to buy things that are produced by machines. These things are always getting cheaper. Human money is what you use to buy things that only humans can produce.”

Rutger Bregman, the author of Utopia for Realists, a book about basic income, divides the pie differently, pointing out that rather than providing an income to those who don’t need it, we could use a negative income tax to give cash only to those who actually need it. Writers Matt Bruenig and Elizabeth Stoker calculated that in 2013, the amount needed to bring all of the Americans living below the poverty line up to at least its level would cost only $175 billion. Sam Altman explained that those who argue about how we would pay for a universal basic income today miss the point. “I am confident that if we need it, we will be able to afford it,” he said in a 2016 discussion of UBI at venture capital firm Bloomberg Beta with Andy Stern and the Aspen Institute’s Natalie Foster.

Satya Nadella, Reid Hoffman, Jeff Immelt, Peter Schwartz, Peter Bloom, Andy McAfee, Erik Brynjolfsson, David Autor, Larry Katz, Anne-Marie Slaughter, Sebastian Thrun, Yann LeCun, Joaquin Quiñonero Candela, Mike George, Rana Foroohar, Robin Chase, David Rolf, Andy Stern, Natalie Foster, Betsy Masiello, Jonathan Hall, Lior Ron, Paul Buchheit, Sam Altman, Esther Kaplan, Carrie Gleason, Zeynep Ton, Mikey Dickerson, Wael Ghonim, Tim Hwang, Henry Farrell, Amy Sellars, Mike McCloskey, Hank Green, Brandon Stanton, Jack Conte, Limor Fried, Phil Torrone, Seth Sternberg, Palak Shah, Keller Rinaudo, Stephane Kasriel, Bryan Johnson, Patrick Collison, Roy Bahat, Paddy Cosgrave, Steven Levy, Lauren Smiley, Bess Hochstein, Nat Torkington, Clay Shirky, Lawrence Wilkinson, Jessi Hempel, Mark Burgess, Carl Page, Maggie Shiels, Adam Davidson, and Winnie King, you also gave me the gift of your time and insight during the research and writing that led up to this book.


pages: 170 words: 49,193

The People vs Tech: How the Internet Is Killing Democracy (And How We Save It) by Jamie Bartlett

Ada Lovelace, Airbnb, AlphaGo, Amazon Mechanical Turk, Andrew Keen, autonomous vehicles, barriers to entry, basic income, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, blockchain, Boris Johnson, Californian Ideology, Cambridge Analytica, central bank independence, Chelsea Manning, cloud computing, computer vision, creative destruction, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, deep learning, DeepMind, disinformation, Dominic Cummings, Donald Trump, driverless car, Edward Snowden, Elon Musk, Evgeny Morozov, fake news, Filter Bubble, future of work, general purpose technology, gig economy, global village, Google bus, Hans Moravec, hive mind, Howard Rheingold, information retrieval, initial coin offering, Internet of things, Jeff Bezos, Jeremy Corbyn, job automation, John Gilmore, John Maynard Keynes: technological unemployment, John Perry Barlow, Julian Assange, manufacturing employment, Mark Zuckerberg, Marshall McLuhan, Menlo Park, meta-analysis, mittelstand, move fast and break things, Network effects, Nicholas Carr, Nick Bostrom, off grid, Panopticon Jeremy Bentham, payday loans, Peter Thiel, post-truth, prediction markets, QR code, ransomware, Ray Kurzweil, recommendation engine, Renaissance Technologies, ride hailing / ride sharing, Robert Mercer, Ross Ulbricht, Sam Altman, Satoshi Nakamoto, Second Machine Age, sharing economy, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, smart cities, smart contracts, smart meter, Snapchat, Stanford prison experiment, Steve Bannon, Steve Jobs, Steven Levy, strong AI, surveillance capitalism, TaskRabbit, tech worker, technological singularity, technoutopianism, Ted Kaczynski, TED Talk, the long tail, the medium is the message, the scientific method, The Spirit Level, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, theory of mind, too big to fail, ultimatum game, universal basic income, WikiLeaks, World Values Survey, Y Combinator, you are the product

Epilogue: Universal Basic Income At some point all this creative destruction becomes bad even for the winners. No one wants to live in a world comprising a handful of trillionaires and hordes of unemployed or extremely poorly paid people – not even the trillionaires. A growing number of people are proposing a bold new idea to deal with this. In 2017 I interviewed Sam Altman, the president of Y Combinator, the most important fund in Silicon Valley for tech start-ups. Thousands of businesses apply every year to access Y Combinator’s funding and guidance, in exchange for a small slice of their company. Sam is a Princeton dropout and frequently wears a hoodie, yet when I met him, he was only 31 years old and already a multi-millionaire.

(In fact, the issue of how to pay for UBI is a quite interesting problem. If you were to divide up all current US spending on social welfare by capita, it would amount to only $2,300 per person per year, which is clearly not enough. Advocates for UBI rely on assumptions about the falling future costs of essential goods. Sam Altman, for example, in a 2016 discussion on the subject, said that it would be affordable in the future because of huge increases in productivity and a reduction in the cost of necessities. I doubt this would be a strong enough basis to persuade most policy-makers in government). ‘It strains credulity,’ writes tech critic Nicholas Carr, ‘to imagine today’s technology moguls, with their libertarian leanings and impatience with government, agreeing to the kind of vast wealth distribution scheme that would be necessary.’13 Certainly their behaviour to date does not bode well.


pages: 387 words: 106,753

Why Startups Fail: A New Roadmap for Entrepreneurial Success by Tom Eisenmann

Airbnb, Atul Gawande, autonomous vehicles, Ben Horowitz, Big Tech, bitcoin, Blitzscaling, blockchain, call centre, carbon footprint, Checklist Manifesto, clean tech, conceptual framework, coronavirus, corporate governance, correlation does not imply causation, COVID-19, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, Dean Kamen, drop ship, Elon Musk, fail fast, fundamental attribution error, gig economy, growth hacking, Hyperloop, income inequality, initial coin offering, inventory management, Iridium satellite, Jeff Bezos, Jeff Hawkins, Larry Ellison, Lean Startup, Lyft, Marc Andreessen, margin call, Mark Zuckerberg, minimum viable product, Network effects, nuclear winter, Oculus Rift, PalmPilot, Paul Graham, performance metric, Peter Pan Syndrome, Peter Thiel, reality distortion field, Richard Thaler, ride hailing / ride sharing, risk/return, Salesforce, Sam Altman, Sand Hill Road, side project, Silicon Valley, Silicon Valley startup, Skype, social graph, software as a service, Solyndra, speech recognition, stealth mode startup, Steve Jobs, TED Talk, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, We wanted flying cars, instead we got 140 characters, WeWork, Y Combinator, young professional, Zenefits

So, what can founders: For additional guidance on recruiting employees for early-stage startups, see Julia Austin, “Hard to Do, and Easy to Screw Up: A Primer on Hiring for Startups,” Being FA and Other Ponderings blog, Oct. 25, 2015; Dan Portillo, “Debugging Recruiting,” Greylock Partners website, May 23, 2016; David Skok, “Recruiting—the 3rd Crucial Startup Skill,” for Entrepreneurs blog; Sam Altman, “How to Hire,” Sam Altman blog, Sept. 23, 2013; and Fred Wilson, “MBA Mondays: Best Hiring Practices,” AVC blog, June 11, 2012. According to analysis by Noam Wasserman: Wasserman, Founder’s Dilemmas, Ch. 4. Wasserman’s research shows: Wasserman, Founder’s Dilemmas, p. 131. In this situation: For additional guidance on how to choose a co-founder and how to manage co-founder conflict, see Naval Ravikant, “How to Pick a Co-Founder,” Venture Hacks blog, Nov. 12, 2009; Simeon Simeonov, “When to Fire Your Co-Founders,” Venture Hacks blog, Jan. 28, 2010; Jessica Alter, “Three Biggest Mistakes When Choosing a Cofounder,” OnStartups website, Apr. 18, 2013; and this interview of Steve Blank: “Looking for Love in All the Wrong Places—How to Find a Co-Founder,” First Round Review website.

The first three S’s pertain: Portions of the sections on Staff and Structure that follow are adapted from Thomas Eisenmann and Alison Wagonfeld, “Scaling a Startup: People and Organizational Issues,” HBS course note 812100, Jan. 2012 (Feb. 2012 rev.). Other perspectives on human capital management challenges in scaling startups are available in Ben Horowitz, The Hard Thing about Hard Things (New York: HarperCollins, 2014); Hoffman and Yeh, Blitzscaling, Part IV; Blumberg, Startup CEO, Part 2; Sam Altman, “Later Stage Advice for Startups,” Y Combinator blog, July 6, 2016; Brian Halligan, “Scale-Up Leadership Lessons I’ve Learned over 9 Years as HubSpot’s CEO,” Medium, Jan. 10, 2016; Mark Suster, “This Is How Companies ‘Level Up’ after Raising Money,” Both Sides blog, Apr. 10, 2014; and Wasserman, Founder’s Dilemmas, Chs. 8 and 10, which address hiring challenges and CEO succession, respectively.


pages: 389 words: 112,319

Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life by Ozan Varol

Abraham Maslow, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, Amazon Web Services, Andrew Wiles, Apollo 11, Apollo 13, Apple's 1984 Super Bowl advert, Arthur Eddington, autonomous vehicles, Ben Horowitz, Boeing 747, Cal Newport, Clayton Christensen, cloud computing, Colonization of Mars, dark matter, delayed gratification, different worldview, discovery of DNA, double helix, Elon Musk, fail fast, fake news, fear of failure, functional fixedness, Gary Taubes, Gene Kranz, George Santayana, Google Glasses, Google X / Alphabet X, Inbox Zero, index fund, Isaac Newton, it is difficult to get a man to understand something, when his salary depends on his not understanding it, James Dyson, Jeff Bezos, job satisfaction, Johannes Kepler, Kickstarter, knowledge worker, Large Hadron Collider, late fees, lateral thinking, lone genius, longitudinal study, Louis Pasteur, low earth orbit, Marc Andreessen, Mars Rover, meta-analysis, move fast and break things, multiplanetary species, Neal Stephenson, Neil Armstrong, Nick Bostrom, obamacare, Occam's razor, out of africa, Peter Pan Syndrome, Peter Thiel, Pluto: dwarf planet, private spaceflight, Ralph Waldo Emerson, reality distortion field, Richard Feynman, Richard Feynman: Challenger O-ring, Ronald Reagan, Sam Altman, Schrödinger's Cat, Search for Extraterrestrial Intelligence, self-driving car, Silicon Valley, Simon Singh, Skinner box, SpaceShipOne, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, subprime mortgage crisis, sunk-cost fallacy, TED Talk, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, Tyler Cowen, Upton Sinclair, Vilfredo Pareto, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, women in the workforce, Yogi Berra

Michael Belfiore, “Behind the Scenes with the World’s Most Ambitious Rocket Makers,” Popular Mechanics, September 1, 2009, www.popularmechanics.com/space/rockets/a5073/4328638. 55. Junod, “Musk: Triumph of His Will.” 56. Andrew Chaikin, “Is SpaceX Changing the Rocket Equation?,” Smithsonian, January 2012, www.airspacemag.com/space/is-spacex-changing-the-rocket-equation-132285884/?no-ist=&page=2. 57. Sam Altman, “How to Be Successful,” Sam Altman (blog), January 24, 2019, http://blog.samaltman.com/how-to-be-successful. 58. X, “Obi Felten, Head of Getting Moonshots Ready for Contact with the Real World,” https://x.company/team/obi. 59. Davies, “Inside X, the Moonshot Factory.” 60. Thompson, “Radical Creativity.” 61.

Science fiction. Often, our moonshots aren’t impossible enough. If people want to chuckle at your seeming naivete or call you unreasonable, wear it as a badge of honor. “Most highly successful people have been really right about the future at least once at a time when people thought they were wrong,” Sam Altman writes. “If not, they would have faced much more competition.”57 Today’s laughingstock is tomorrow’s visionary. You’ll be the one laughing when you cross the finish line. Shocking the brain through moonshot thinking doesn’t mean we stop considering practicalities. Once we have our wacky ideas, we can collide them with reality by switching from divergent to convergent thinking—from idealism to pragmatism.


pages: 287 words: 69,655

Don't Trust Your Gut: Using Data to Get What You Really Want in LIfe by Seth Stephens-Davidowitz

affirmative action, Airbnb, cognitive bias, commoditize, correlation does not imply causation, COVID-19, Daniel Kahneman / Amos Tversky, data science, deep learning, digital map, Donald Trump, en.wikipedia.org, Erik Brynjolfsson, General Magic , global pandemic, Mark Zuckerberg, meta-analysis, Moneyball by Michael Lewis explains big data, Paul Graham, peak-end rule, randomized controlled trial, Renaissance Technologies, Sam Altman, science of happiness, selection bias, side hustle, Silicon Valley, Steve Jobs, Steve Wozniak, systematic bias, Tony Fadell, twin studies, Tyler Cowen, urban planning, Y Combinator

Some other group of entrepreneurs may have been the ones to build this business years later. The difference between being a billionaire and a lifelong struggling entrepreneur can come down to an idea from Barry Manilow’s drummer. Sometimes, just when you are about to go broke, Barry Manilow goes on tour and puts you on the path to becoming a billionaire. Sam Altman, who replaced Paul Graham as CEO of Y Combinator, has watched thousands of start-ups succeed or fail—and built a model in his head of what it takes to win in Silicon Valley. In a 2014 lecture at Stanford, Altman summed up the formula for entrepreneurial success as follows: “something like Idea times Product times Execution times Team times Luck, where Luck is a random number between zero and ten thousand.”

Chapter 6: Hacking Luck to Your Advantage Airbnb: The Airbnb story has been told many places, including by Leigh Gallagher, The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions . . . and Created Plenty of Controversy (New York: HMH Books, 2017). “Idea times Product times Execution times Team times Luck”: Tad Friend, “Sam Altman’s manifest destiny,” New Yorker, October 3, 2016. how luck influences large companies: Jim Collins, Great by Choice (Good to Great) (New York: Harper Business, 2011). Airbnb’s bookings dropped: Corrie Driebusch, Maureen Farrell, and Cara Lombardo, “Airbnb plans to file for IPO in August,” Wall Street Journal, August 12, 2020.


pages: 301 words: 78,638

Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear

Atul Gawande, Cal Newport, Checklist Manifesto, choice architecture, clean water, cognitive dissonance, cognitive load, delayed gratification, deliberate practice, en.wikipedia.org, financial independence, Goodhart's law, invisible hand, Lao Tzu, late fees, meta-analysis, microaggression, Paul Graham, randomized controlled trial, ride hailing / ride sharing, Sam Altman, Saturday Night Live, side hustle, survivorship bias, Walter Mischel, When a measure becomes a target

Here are some of my favorite articles and books on the subject: Leo Babauta, “The Power of Habit Investments,” Zen Habits, January 28, 2013, https://zenhabits.net/bank; Morgan Housel, “The Freakishly Strong Base,” Collaborative Fund, October 31, 2017, http://www.collaborativefund.com/blog/the-freakishly-strong-base; Darren Hardy, The Compound Effect (New York: Vanguard Press, 2012). Accomplishing one extra task: As Sam Altman says, “A small productivity gain, compounded over 50 years, is worth a lot.” “Productivity,” Sam Altman. April 10, 2018, http://blog.samaltman.com/productivity. Habits are a double-edged sword: I’d like to credit Jason Hreha with originally describing habits to me in this way. Jason Hreha (@jhreha), “They’re a double edged sword,” Twitter, February 21, 2018, https://twitter.com/jhreha/status/966430907371433984.


pages: 252 words: 78,780

Lab Rats: How Silicon Valley Made Work Miserable for the Rest of Us by Dan Lyons

"Friedman doctrine" OR "shareholder theory", "Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, Amazon Robotics, Amazon Web Services, antiwork, Apple II, augmented reality, autonomous vehicles, basic income, Big Tech, bitcoin, blockchain, Blue Ocean Strategy, business process, call centre, Cambridge Analytica, Clayton Christensen, clean water, collective bargaining, corporate governance, corporate social responsibility, creative destruction, cryptocurrency, data science, David Heinemeier Hansson, digital rights, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, fake news, full employment, future of work, gig economy, Gordon Gekko, greed is good, Hacker News, hiring and firing, holacracy, housing crisis, impact investing, income inequality, informal economy, initial coin offering, Jeff Bezos, job automation, job satisfaction, job-hopping, John Gruber, John Perry Barlow, Joseph Schumpeter, junk bonds, Kanban, Kevin Kelly, knowledge worker, Larry Ellison, Lean Startup, loose coupling, Lyft, Marc Andreessen, Mark Zuckerberg, McMansion, Menlo Park, Milgram experiment, minimum viable product, Mitch Kapor, move fast and break things, new economy, Panopticon Jeremy Bentham, Parker Conrad, Paul Graham, paypal mafia, Peter Thiel, plutocrats, precariat, prosperity theology / prosperity gospel / gospel of success, public intellectual, RAND corporation, remote working, RFID, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, Ruby on Rails, Sam Altman, San Francisco homelessness, Sand Hill Road, scientific management, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, six sigma, Skinner box, Skype, Social Responsibility of Business Is to Increase Its Profits, SoftBank, software is eating the world, Stanford prison experiment, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, stock buybacks, super pumped, TaskRabbit, tech bro, tech worker, TechCrunch disrupt, TED Talk, telemarketer, Tesla Model S, Thomas Davenport, Tony Hsieh, Toyota Production System, traveling salesman, Travis Kalanick, tulip mania, Uber and Lyft, Uber for X, uber lyft, universal basic income, web application, WeWork, Whole Earth Catalog, work culture , workplace surveillance , Y Combinator, young professional, Zenefits

ZeroHedge, May 29, 2018. https://www.zerohedge.com/news/2018-05-29/are-teslas-self-proclaimed-worlds-safest-cars-actually-among-worlds-deadliest. Friend, Tad. “Tomorrow’s Advance Man.” New Yorker, May 18, 2015. https://www.newyorker.com/magazine/2015/05/18/tomorrows-advance-man. ———. “Sam Altman’s Manifest Destiny.” New Yorker, October 10, 2016. https://www.newyorker.com/magazine/2016/10/10/sam-altmans-manifest-destiny. Hoffman, Reid. “If, Why, and How Founders Should Hire a ‘Professional’ CEO.” Reid Hoffman website, February 9, 2017. http://www.reidhoffman.org/if-why-and-how-founders-should-hire-a-professional-ceo-2. Kantor, Jodi, and David Streitfeld.


pages: 286 words: 87,401

Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies by Reid Hoffman, Chris Yeh

"Susan Fowler" uber, activist fund / activist shareholder / activist investor, adjacent possible, Airbnb, Amazon Web Services, Andy Rubin, autonomous vehicles, Benchmark Capital, bitcoin, Blitzscaling, blockchain, Bob Noyce, business intelligence, Cambridge Analytica, Chuck Templeton: OpenTable:, cloud computing, CRISPR, crowdsourcing, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, database schema, DeepMind, Didi Chuxing, discounted cash flows, Elon Musk, fake news, Firefox, Ford Model T, forensic accounting, fulfillment center, Future Shock, George Gilder, global pandemic, Google Hangouts, Google X / Alphabet X, Greyball, growth hacking, high-speed rail, hockey-stick growth, hydraulic fracturing, Hyperloop, initial coin offering, inventory management, Isaac Newton, Jeff Bezos, Joi Ito, Khan Academy, late fees, Lean Startup, Lyft, M-Pesa, Marc Andreessen, Marc Benioff, margin call, Mark Zuckerberg, Max Levchin, minimum viable product, move fast and break things, Network effects, Oculus Rift, oil shale / tar sands, PalmPilot, Paul Buchheit, Paul Graham, Peter Thiel, pre–internet, Quicken Loans, recommendation engine, ride hailing / ride sharing, Salesforce, Sam Altman, Sand Hill Road, Saturday Night Live, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, smart grid, social graph, SoftBank, software as a service, software is eating the world, speech recognition, stem cell, Steve Jobs, subscription business, synthetic biology, Tesla Model S, thinkpad, three-martini lunch, transaction costs, transport as a service, Travis Kalanick, Uber for X, uber lyft, web application, winner-take-all economy, work culture , Y Combinator, yellow journalism

If a company can’t achieve “venture scale” (generally, a market of at least $1 billion in annual sales), then most VCs won’t invest, even if it is a good business. It simply isn’t large enough to help them achieve their goal of returning more than three times their investors’ money. When Brian Chesky was pitching venture capitalists to invest in Airbnb, one of the people he consulted was the entrepreneur and investor Sam Altman, who later became the president of the Y Combinator start-up accelerator. Altman saw Chesky’s pitch deck and told him it was perfect, except that he needed to change the market-size slide from a modest $30 million to $30 billion. “Investors want B’s, baby,” Altman told Chesky. Of course, Altman wasn’t telling Chesky to lie; rather, he argued that if the Airbnb team truly believed in their own assumptions, $30 million was a gross underestimate, and they should use a number that was true to their convictions.

Lisa DiMona, Megan Casey, David Sanford, Saida Sapieva, Brett Bolkowy, and Ian Alas on our team offered critical support throughout this journey. Mehran Sahami, sponsored our CS183C class at Stanford, which we taught with our friends and fellow instructors Allen Blue and John Lilly. Thanks as well to the guests who shared their stories with the class, many of which made it into the book, including Sam Altman, Brian Chesky, Patrick Collison, Michael Deering, Diane Greene, Reed Hastings, Marissa Mayer, Shishir Mehrotra, Ann Miura-Ko, Mariam Naficy, Jennifer Pahlka, Eric Schmidt, Selina Tobaccowala, Nirav Tolia, and Jeff Weiner. Many thanks to everyone at Greylock Partners for their support of this project, including Joseph Ansanelli, Jerry Chen, Josh Elman, Chris McCann, Stacey Ngo, Simon Rothman, and Elisa Schreiber.


pages: 326 words: 91,559

Everything for Everyone: The Radical Tradition That Is Shaping the Next Economy by Nathan Schneider

1960s counterculture, Aaron Swartz, Adam Curtis, Affordable Care Act / Obamacare, Airbnb, altcoin, Amazon Mechanical Turk, antiwork, back-to-the-land, basic income, Berlin Wall, Bernie Sanders, bitcoin, Black Lives Matter, blockchain, Brewster Kahle, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, Clayton Christensen, collaborative economy, collective bargaining, commons-based peer production, Community Supported Agriculture, corporate governance, creative destruction, crowdsourcing, cryptocurrency, Debian, degrowth, disruptive innovation, do-ocracy, Donald Knuth, Donald Trump, Edward Snowden, Elon Musk, emotional labour, Ethereum, ethereum blockchain, Evgeny Morozov, Fairphone, Food sovereignty, four colour theorem, future of work, Gabriella Coleman, gentrification, gig economy, Google bus, holacracy, hydraulic fracturing, initial coin offering, intentional community, Internet Archive, Jeff Bezos, Jeremy Corbyn, jimmy wales, John Perry Barlow, joint-stock company, Joseph Schumpeter, Julian Assange, Kevin Roose, Kickstarter, low interest rates, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, mass immigration, means of production, Money creation, multi-sided market, Murray Bookchin, new economy, offshore financial centre, old-boy network, Peter H. Diamandis: Planetary Resources, Pier Paolo Pasolini, post-work, precariat, premature optimization, pre–internet, profit motive, race to the bottom, Richard Florida, Richard Stallman, ride hailing / ride sharing, Rutger Bregman, Salesforce, Sam Altman, Satoshi Nakamoto, self-driving car, shareholder value, sharing economy, Silicon Valley, Slavoj Žižek, smart contracts, Steve Bannon, Steve Jobs, Steve Wozniak, Stewart Brand, surveillance capitalism, tech worker, TED Talk, transaction costs, Turing test, Uber and Lyft, uber lyft, underbanked, undersea cable, universal basic income, Upton Sinclair, Vanguard fund, Vitalik Buterin, W. E. B. Du Bois, white flight, Whole Earth Catalog, WikiLeaks, women in the workforce, working poor, workplace surveillance , Y Combinator, Y2K, Zipcar

He cited recent basic-income experiments in India that showed promise for combating poverty among people the tech economy has left behind. Diamandis later reported having been “amazed” by the potential.12 That year, also, celebrity investor Marc Andreessen told New York magazine that he considered basic income “a very interesting idea,” and Sam Altman of the elite startup accelerator Y Combinator called its implementation an “obvious conclusion.”13 Those were just the early salvos. What people generally mean by universal basic income is the idea of giving everyone enough money to provide for the necessities of life. Imagine, say, a $20,000 check every year for every US citizen.

Peter Diamandis, “I Am Peter Diamandis, from XPRIZE, Singularity University, Planetary Resources, Human Longevity Inc., and More. Ask Me Anything,” Reddit AMA discussion (July 11, 2014), reddit.com/r/Futurology/comments/2afiw5/i_am_peter_diamandis_from_xprize_singularity/ciulffv. 13. Kevin Roose, “In Conversation: Marc Andreessen,” New York (October 19, 2014); Sam Altman, “Technology and Wealth Inequality” (January 28, 2014), blog.samaltman.com/technology-and-wealth-inequality. 14. Recent overviews of universal basic income include Philippe Van Parijs and Yannick Vanderborght, Basic Income: A Radical Proposal for a Free Society and a Sane Economy (Harvard University Press, 2017), and Rutger Bregman, Utopia for Realists: How We Can Build the Ideal World (Little, Brown, 2017). 15.


pages: 294 words: 96,661

The Fourth Age: Smart Robots, Conscious Computers, and the Future of Humanity by Byron Reese

"World Economic Forum" Davos, agricultural Revolution, AI winter, Apollo 11, artificial general intelligence, basic income, bread and circuses, Buckminster Fuller, business cycle, business process, Charles Babbage, Claude Shannon: information theory, clean water, cognitive bias, computer age, CRISPR, crowdsourcing, dark matter, DeepMind, Edward Jenner, Elon Musk, Eratosthenes, estate planning, financial independence, first square of the chessboard, first square of the chessboard / second half of the chessboard, flying shuttle, full employment, Hans Moravec, Hans Rosling, income inequality, invention of agriculture, invention of movable type, invention of the printing press, invention of writing, Isaac Newton, Islamic Golden Age, James Hargreaves, job automation, Johannes Kepler, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, lateral thinking, life extension, Louis Pasteur, low interest rates, low skilled workers, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Mary Lou Jepsen, Moravec's paradox, Nick Bostrom, On the Revolutions of the Heavenly Spheres, OpenAI, pattern recognition, profit motive, quantum entanglement, radical life extension, Ray Kurzweil, recommendation engine, Rodney Brooks, Sam Altman, self-driving car, seminal paper, Silicon Valley, Skype, spinning jenny, Stephen Hawking, Steve Wozniak, Steven Pinker, strong AI, technological singularity, TED Talk, telepresence, telepresence robot, The Future of Employment, the scientific method, Timothy McVeigh, Turing machine, Turing test, universal basic income, Von Neumann architecture, Wall-E, warehouse robotics, Watson beat the top human players on Jeopardy!, women in the workforce, working poor, Works Progress Administration, Y Combinator

In that regard, they may be like the pantheon of Greek gods, all both powerful and idiosyncratic, relegating us to the role of pawns in their dramas. All of these are more than abstract worries. There are people working on these concerns right now. Since we probably couldn’t defeat a malicious AGI given that we couldn’t ever outsmart it, our best plan is to never make a malicious AGI. To that end, Elon Musk along with Sam Altman, the president of the start-up incubator Y Combinator, cochair a nonprofit called OpenAI that has as its purpose to help usher in the era of safe and beneficial AI. The initial blog post announcing its formation states, “Because of AI’s surprising history, it’s hard to predict when human-level AI might come within reach.

There would be many obvious advantages to uploading our core essence, our self, to a machine. It seems like a match made in heaven. We have the consciousness, the passion, the joie de vivre. A machine has that direct connection to the Internet, that superfast processor and all that perfect storage. Could we, if you will excuse the pun, hook up? Sam Altman thinks that’s the way to go: A merge is our best scenario. Any version without a merge will have conflict: we enslave the A.I. or it enslaves us. The full-on-crazy version of the merge is we get our brains uploaded into the cloud. I’d love that. We need to level up humans, because our descendants will either conquer the galaxy or extinguish consciousness in the universe forever.


pages: 307 words: 88,180

AI Superpowers: China, Silicon Valley, and the New World Order by Kai-Fu Lee

"World Economic Forum" Davos, AI winter, Airbnb, Albert Einstein, algorithmic bias, algorithmic trading, Alignment Problem, AlphaGo, artificial general intelligence, autonomous vehicles, barriers to entry, basic income, bike sharing, business cycle, Cambridge Analytica, cloud computing, commoditize, computer vision, corporate social responsibility, cotton gin, creative destruction, crony capitalism, data science, deep learning, DeepMind, Demis Hassabis, Deng Xiaoping, deskilling, Didi Chuxing, Donald Trump, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, full employment, future of work, general purpose technology, Geoffrey Hinton, gig economy, Google Chrome, Hans Moravec, happiness index / gross national happiness, high-speed rail, if you build it, they will come, ImageNet competition, impact investing, income inequality, informal economy, Internet of things, invention of the telegraph, Jeff Bezos, job automation, John Markoff, Kickstarter, knowledge worker, Lean Startup, low skilled workers, Lyft, machine translation, mandatory minimum, Mark Zuckerberg, Menlo Park, minimum viable product, natural language processing, Neil Armstrong, new economy, Nick Bostrom, OpenAI, pattern recognition, pirate software, profit maximization, QR code, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, risk tolerance, Robert Mercer, Rodney Brooks, Rubik’s Cube, Sam Altman, Second Machine Age, self-driving car, sentiment analysis, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, SoftBank, Solyndra, special economic zone, speech recognition, Stephen Hawking, Steve Jobs, strong AI, TED Talk, The Future of Employment, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, urban planning, vertical integration, Vision Fund, warehouse robotics, Y Combinator

But following Nixon’s unsuccessful push, discussion of a UBI or GMI largely dropped out of public discourse. That is, until Silicon Valley got excited about it. Recently, the idea has captured the imagination of the Silicon Valley elite, with giants of the industry like the prestigious Silicon Valley startup accelerator Y Combinator president Sam Altman and Facebook cofounder Chris Hughes sponsoring research and funding basic income pilot programs. Whereas GMI was initially crafted as a cure for poverty in normal economic times, Silicon Valley’s surging interest in the programs sees them as solutions for widespread technological unemployment due to AI.

A BLUEPRINT FOR HUMAN COEXISTENCE WITH AI move to a four-day work week: Seth Fiegerman, “Google Founders Talk About Ending the 40-Hour Work Week,” Mashable, July 7, 2014, https://mashable.com/2014/07/07/google-founders-interview-khosla/#tXe9XU.mr5qU. creative approaches to work-sharing: Steven Greenhouse, “Work-Sharing May Help Companies Avoid Layoffs,” New York Times, June 15, 2009, http://www.nytimes.com/2009/06/16/business/economy/16workshare.html. Y Combinator president Sam Altman: Kathleen Pender, “Oakland Group Plans to Launch Nation’s Biggest Basic-Income Research Project,” San Francisco Chronicle, September 21, 2017, https://www.sfchronicle.com/business/networth/article/Oakland-group-plans-to-launch-nation-s-biggest-12219073.php. Facebook cofounder Chris Hughes: The Economic Security Project, https://economicsecurityproject.org/.


pages: 444 words: 117,770

The Coming Wave: Technology, Power, and the Twenty-First Century's Greatest Dilemma by Mustafa Suleyman

"World Economic Forum" Davos, 23andMe, 3D printing, active measures, Ada Lovelace, additive manufacturing, agricultural Revolution, AI winter, air gap, Airbnb, Alan Greenspan, algorithmic bias, Alignment Problem, AlphaGo, Alvin Toffler, Amazon Web Services, Anthropocene, artificial general intelligence, Asilomar, Asilomar Conference on Recombinant DNA, ASML, autonomous vehicles, backpropagation, barriers to entry, basic income, benefit corporation, Big Tech, biodiversity loss, bioinformatics, Bletchley Park, Blitzscaling, Boston Dynamics, business process, business process outsourcing, call centre, Capital in the Twenty-First Century by Thomas Piketty, ChatGPT, choice architecture, circular economy, classic study, clean tech, cloud computing, commoditize, computer vision, coronavirus, corporate governance, correlation does not imply causation, COVID-19, creative destruction, CRISPR, critical race theory, crowdsourcing, cryptocurrency, cuban missile crisis, data science, decarbonisation, deep learning, deepfake, DeepMind, deindustrialization, dematerialisation, Demis Hassabis, disinformation, drone strike, drop ship, dual-use technology, Easter island, Edward Snowden, effective altruism, energy transition, epigenetics, Erik Brynjolfsson, Ernest Rutherford, Extinction Rebellion, facts on the ground, failed state, Fairchild Semiconductor, fear of failure, flying shuttle, Ford Model T, future of work, general purpose technology, Geoffrey Hinton, global pandemic, GPT-3, GPT-4, hallucination problem, hive mind, hype cycle, Intergovernmental Panel on Climate Change (IPCC), Internet Archive, Internet of things, invention of the wheel, job automation, John Maynard Keynes: technological unemployment, John von Neumann, Joi Ito, Joseph Schumpeter, Kickstarter, lab leak, large language model, Law of Accelerating Returns, Lewis Mumford, license plate recognition, lockdown, machine readable, Marc Andreessen, meta-analysis, microcredit, move 37, Mustafa Suleyman, mutually assured destruction, new economy, Nick Bostrom, Nikolai Kondratiev, off grid, OpenAI, paperclip maximiser, personalized medicine, Peter Thiel, planetary scale, plutocrats, precautionary principle, profit motive, prompt engineering, QAnon, quantum entanglement, ransomware, Ray Kurzweil, Recombinant DNA, Richard Feynman, Robert Gordon, Ronald Reagan, Sam Altman, Sand Hill Road, satellite internet, Silicon Valley, smart cities, South China Sea, space junk, SpaceX Starlink, stealth mode startup, stem cell, Stephen Fry, Steven Levy, strong AI, synthetic biology, tacit knowledge, tail risk, techlash, techno-determinism, technoutopianism, Ted Kaczynski, the long tail, The Rise and Fall of American Growth, Thomas Malthus, TikTok, TSMC, Turing test, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, uranium enrichment, warehouse robotics, William MacAskill, working-age population, world market for maybe five computers, zero day

GO TO NOTE REFERENCE IN TEXT MIT economists have argued Daron Acemoglu et al., “Does the US Tax Code Favor Automation?,” Brookings Papers on Economic Activity (Spring 2020), www.brookings.edu/​wp-content/​uploads/​2020/​12/​Acemoglu-FINAL-WEB.pdf. GO TO NOTE REFERENCE IN TEXT In an era of hyper-scaling Sam Altman, “Moore’s Law for Everything,” Sam Altman, March 16, 2021, moores.samaltman.com. GO TO NOTE REFERENCE IN TEXT Use of blinding laser weapons “The Convention on Certain Conventional Weapons,” United Nations, www.un.org/​disarmament/​the-convention-on-certain-conventional-weapons. GO TO NOTE REFERENCE IN TEXT A study of 106 countries Françoise Baylis et al., “Human Germline and Heritable Genome Editing: The Global Policy Landscape,” CRISPR Journal, Oct. 20, 2020, www.liebertpub.com/​doi/​10.1089/​crispr.2020.0082.


pages: 447 words: 111,991

Exponential: How Accelerating Technology Is Leaving Us Behind and What to Do About It by Azeem Azhar

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 23andMe, 3D printing, A Declaration of the Independence of Cyberspace, Ada Lovelace, additive manufacturing, air traffic controllers' union, Airbnb, algorithmic management, algorithmic trading, Amazon Mechanical Turk, autonomous vehicles, basic income, Berlin Wall, Bernie Sanders, Big Tech, Bletchley Park, Blitzscaling, Boeing 737 MAX, book value, Boris Johnson, Bretton Woods, carbon footprint, Chris Urmson, Citizen Lab, Clayton Christensen, cloud computing, collective bargaining, computer age, computer vision, contact tracing, contact tracing app, coronavirus, COVID-19, creative destruction, crowdsourcing, cryptocurrency, cuban missile crisis, Daniel Kahneman / Amos Tversky, data science, David Graeber, David Ricardo: comparative advantage, decarbonisation, deep learning, deglobalization, deindustrialization, dematerialisation, Demis Hassabis, Diane Coyle, digital map, digital rights, disinformation, Dissolution of the Soviet Union, Donald Trump, Double Irish / Dutch Sandwich, drone strike, Elon Musk, emotional labour, energy security, Fairchild Semiconductor, fake news, Fall of the Berlin Wall, Firefox, Frederick Winslow Taylor, fulfillment center, future of work, Garrett Hardin, gender pay gap, general purpose technology, Geoffrey Hinton, gig economy, global macro, global pandemic, global supply chain, global value chain, global village, GPT-3, Hans Moravec, happiness index / gross national happiness, hiring and firing, hockey-stick growth, ImageNet competition, income inequality, independent contractor, industrial robot, intangible asset, Jane Jacobs, Jeff Bezos, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Perry Barlow, Just-in-time delivery, Kickstarter, Kiva Systems, knowledge worker, Kodak vs Instagram, Law of Accelerating Returns, lockdown, low skilled workers, lump of labour, Lyft, manufacturing employment, Marc Benioff, Mark Zuckerberg, megacity, Mitch Kapor, Mustafa Suleyman, Network effects, new economy, NSO Group, Ocado, offshore financial centre, OpenAI, PalmPilot, Panopticon Jeremy Bentham, Peter Thiel, Planet Labs, price anchoring, RAND corporation, ransomware, Ray Kurzweil, remote working, RFC: Request For Comment, Richard Florida, ride hailing / ride sharing, Robert Bork, Ronald Coase, Ronald Reagan, Salesforce, Sam Altman, scientific management, Second Machine Age, self-driving car, Shoshana Zuboff, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, software as a service, Steve Ballmer, Steve Jobs, Stuxnet, subscription business, synthetic biology, tacit knowledge, TaskRabbit, tech worker, The Death and Life of Great American Cities, The Future of Employment, The Nature of the Firm, Thomas Malthus, TikTok, Tragedy of the Commons, Turing machine, Uber and Lyft, Uber for X, uber lyft, universal basic income, uranium enrichment, vertical integration, warehouse automation, winner-take-all economy, workplace surveillance , Yom Kippur War

Many thanks to the dozens of guests on my podcast whose ideas have helped enrich my thesis, including Laetitia Vitaud, Bill Janeway, Carissa Véliz, Tony Blair, Demis Hassabis, Sam Altman, Philip Auerswald, Scott Santens, Jeff Sachs, Andrew Yang, Jack Clark, Trent McConaghy, Michael Liebreich, Casper Klynge, Kate Raworth, Sir Richard Barrons, Joanna Bryson, Stuart Russell, Cory Doctorow, Kai-Fu Lee, Matt Clifford, Marietje Schaake, Yuval Noah Harari, Mariana Mazzucato, Mike Zelkind, Josh Hoffman, Binyamin Applebaum, Kate Crawford, Matt Ocko, Jeremy O’Brien, Sam Altman, Audrey Tang, Vijay Pande, Matt Clifford, Fei-Fei Li, Adena Friedman, Kersti Kaljulaid, Astro Teller, Deep Nishar, Cesar Hidalgo, Ian Bremmer, Brad Smith, Nicole Eagan, Meredith Whittaker, Gary Marcus, Andrew Ng, Shoshana Zuboff, Jürgen Schmidhuber, Gina Neff, Missy Cummings, Eric Topol, Cathie Wood, Michael Liebreich, Mariarosaria Taddeo and Ronit Ghose.


pages: 935 words: 197,338

The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby

"Susan Fowler" uber, 23andMe, 90 percent rule, Adam Neumann (WeWork), adjacent possible, Airbnb, Apple II, barriers to entry, Ben Horowitz, Benchmark Capital, Big Tech, bike sharing, Black Lives Matter, Blitzscaling, Bob Noyce, book value, business process, charter city, Chuck Templeton: OpenTable:, Clayton Christensen, clean tech, cloud computing, cognitive bias, collapse of Lehman Brothers, Colonization of Mars, computer vision, coronavirus, corporate governance, COVID-19, cryptocurrency, deal flow, Didi Chuxing, digital map, discounted cash flows, disruptive innovation, Donald Trump, Douglas Engelbart, driverless car, Dutch auction, Dynabook, Elon Musk, Fairchild Semiconductor, fake news, family office, financial engineering, future of work, game design, George Gilder, Greyball, guns versus butter model, Hacker Ethic, Henry Singleton, hiring and firing, Hyperloop, income inequality, industrial cluster, intangible asset, iterative process, Jeff Bezos, John Markoff, junk bonds, Kickstarter, knowledge economy, lateral thinking, liberal capitalism, Louis Pasteur, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, Marshall McLuhan, Mary Meeker, Masayoshi Son, Max Levchin, Metcalfe’s law, Michael Milken, microdosing, military-industrial complex, Mitch Kapor, mortgage debt, move fast and break things, Network effects, oil shock, PalmPilot, pattern recognition, Paul Graham, paypal mafia, Peter Thiel, plant based meat, plutocrats, power law, pre–internet, price mechanism, price stability, proprietary trading, prudent man rule, quantitative easing, radical decentralization, Recombinant DNA, remote working, ride hailing / ride sharing, risk tolerance, risk/return, Robert Metcalfe, ROLM, rolodex, Ronald Coase, Salesforce, Sam Altman, Sand Hill Road, self-driving car, shareholder value, side project, Silicon Valley, Silicon Valley startup, Skype, smart grid, SoftBank, software is eating the world, sovereign wealth fund, Startup school, Steve Jobs, Steve Wozniak, Steven Levy, super pumped, superconnector, survivorship bias, tech worker, Teledyne, the long tail, the new new thing, the strength of weak ties, TikTok, Travis Kalanick, two and twenty, Uber and Lyft, Uber for X, uber lyft, urban decay, UUNET, vertical integration, Vilfredo Pareto, Vision Fund, wealth creators, WeWork, William Shockley: the traitorous eight, Y Combinator, Zenefits

Graham doodled a caricature of Morris’s face on a whiteboard, complete with furrowed eyebrows and a protruding lower lip. “It will never work,” ran the accompanying caption. Yet some pitches actually seemed quite likely to work. There was a poised nineteen-year-old from Stanford who appeared wise beyond his years; this was Sam Altman, who went on to succeed Graham as Y Combinator’s guiding spirit. And there were Huffman and Ohanian, the pair from Virginia, who later ditched their restaurant-booking scheme in favor of a news site called Reddit, which provided YC with its first profitable exit. Altogether, eight teams made the cut.

When Patrick had come to the United States to interview at colleges, he had stayed at Graham’s house; and Graham had gone on to introduce him to a pair of YC founders, sparking the formation of the Collisons’ first startup.[43] Graham had also introduced Patrick to other young members of the YC community. Among them was Sam Altman, a graduate of YC’s first batch who would go on to lead the incubator after Graham’s retirement.[44] Already, even before hearing of the Collison brothers, Sequoia had an edge in the coming race to meet them. For one thing, the partnership had close ties to Y Combinator and Paul Graham. For another, these ties included a Sequoia investment in Altman’s first startup.

BACK TO NOTE REFERENCE 47 John Collison, interview by the author, Sept. 21, 2019. BACK TO NOTE REFERENCE 48 Patrick Collison, interview by the author, Sept. 19, 2017. BACK TO NOTE REFERENCE 49 Other early investors in Stripe included Peter Thiel, a16z, Elon Musk, and General Catalyst, as well as Paul Graham and Sam Altman. BACK TO NOTE REFERENCE 50 Data from Burgiss. BACK TO NOTE REFERENCE 51 Proving it was not afraid of risk, Sequoia lost money on nearly half of these 155 venture bets. BACK TO NOTE REFERENCE 52 Shahed Fakhari Larson, “Silicon Valley’s Quiet Giant,” Brunswick Review, Sept. 18, 2019, brunswickgroup.com/sequoia-capital-doug-leone-silicon-valley-i11786.


pages: 138 words: 40,525

This Is Not a Drill: An Extinction Rebellion Handbook by Extinction Rebellion

3D printing, autonomous vehicles, banks create money, biodiversity loss, bitcoin, blockchain, Buckminster Fuller, car-free, carbon footprint, carbon tax, circular economy, clean water, Colonization of Mars, CRISPR, crowdsourcing, David Attenborough, David Graeber, decarbonisation, deindustrialization, digital capitalism, Donald Trump, driverless car, drug harm reduction, Elon Musk, Ethereum, ethereum blockchain, Extinction Rebellion, Fairphone, feminist movement, full employment, Gail Bradbrook, gig economy, global pandemic, green new deal, Greta Thunberg, ice-free Arctic, Intergovernmental Panel on Climate Change (IPCC), Jeremy Corbyn, job automation, mass immigration, negative emissions, Peter Thiel, place-making, quantitative easing, Ray Kurzweil, retail therapy, rewilding, Sam Altman, smart grid, supply-chain management, tech billionaire, the scientific method, union organizing, urban sprawl, wealth creators

Or maybe building robots to serve as guards and workers – if that technology could be developed in time. That’s when it hit me: at least as far as these gentlemen were concerned, this was a talk about the future of technology. Taking their cue from Elon Musk colonizing Mars, Peter Thiel reversing the ageing process, or Sam Altman and Ray Kurzweil uploading their minds into supercomputers, they were preparing for a digital future that had a whole lot less to do with making the world a better place than it did with transcending the human condition altogether and insulating themselves from the very real and present danger of climate change, rising sea levels, mass migrations, global pandemics, nativist panic and resource depletion.


pages: 524 words: 130,909

The Contrarian: Peter Thiel and Silicon Valley's Pursuit of Power by Max Chafkin

3D printing, affirmative action, Airbnb, anti-communist, bank run, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Black Monday: stock market crash in 1987, Blitzscaling, Boeing 747, borderless world, Cambridge Analytica, charter city, cloud computing, cognitive dissonance, Cornelius Vanderbilt, coronavirus, COVID-19, Credit Default Swap, cryptocurrency, David Brooks, David Graeber, DeepMind, digital capitalism, disinformation, don't be evil, Donald Trump, driverless car, Electric Kool-Aid Acid Test, Elon Musk, Ethereum, Extropian, facts on the ground, Fairchild Semiconductor, fake news, Ferguson, Missouri, Frank Gehry, Gavin Belson, global macro, Gordon Gekko, Greyball, growth hacking, guest worker program, Hacker News, Haight Ashbury, helicopter parent, hockey-stick growth, illegal immigration, immigration reform, Internet Archive, Jeff Bezos, John Markoff, Kevin Roose, Kickstarter, Larry Ellison, life extension, lockdown, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, Maui Hawaii, Max Levchin, Menlo Park, military-industrial complex, moral panic, move fast and break things, Neal Stephenson, Nelson Mandela, Network effects, off grid, offshore financial centre, oil shale / tar sands, open borders, operational security, PalmPilot, Paris climate accords, Patri Friedman, paypal mafia, Peter Gregory, Peter Thiel, pets.com, plutocrats, Ponzi scheme, prosperity theology / prosperity gospel / gospel of success, public intellectual, QAnon, quantitative hedge fund, quantitative trading / quantitative finance, randomized controlled trial, regulatory arbitrage, Renaissance Technologies, reserve currency, ride hailing / ride sharing, risk tolerance, Robinhood: mobile stock trading app, Ronald Reagan, Sam Altman, Sand Hill Road, self-driving car, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, skunkworks, social distancing, software is eating the world, sovereign wealth fund, Steve Bannon, Steve Jobs, Steven Levy, Stewart Brand, surveillance capitalism, TaskRabbit, tech billionaire, tech worker, TechCrunch disrupt, techlash, technology bubble, technoutopianism, Ted Kaczynski, TED Talk, the new new thing, the scientific method, Tim Cook: Apple, transaction costs, Travis Kalanick, Tyler Cowen, Uber and Lyft, uber lyft, Upton Sinclair, Vitalik Buterin, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, WikiLeaks, William Shockley: the traitorous eight, Y Combinator, Y2K, yellow journalism, Zenefits

The firm was, like Founders Fund, committed to entrepreneurs and entrepreneurial control—and fanatical about ambitious companies. The Founders Fund manifesto had mentioned fast airplanes; YC had actually funded one, Boom Supersonic, along with a fusion power company, a driverless car company, and more seed-stage biotech firms than any investor. Thiel had been close to Sam Altman, YC’s young president. Altman, who’d supported Hillary Clinton in 2016, considered Thiel a mentor and had defended him ahead of the election, promising that he would not “fire someone for supporting a major party nominee.” But the following fall, the firm quietly removed Thiel’s name from its list of partners, amending the blog post that had welcomed him to the firm.

Stripe is one of the most valuable privately held companies in the world, and its cofounder, Patrick Collison, is a power center in his own right, promoting a Thielian vision of technology progress through his own book publisher, Stripe Press. Beyond his portfolio, Thiel has also seeded dozens of funds run by protégés—investors such as Sam Altman, William Eden, and Sarah Cone—often taking a substantial stake in their future performance bonuses, and thus ensuring that he will enjoy better returns than normal investors. And he’s hired a new generation of bomb throwers, including Delian Asparouhov and Mike Solana, who have made it their mission to spread the Thielian gospel about the future and the dangers of the “woke mob.”


pages: 523 words: 143,139

Algorithms to Live By: The Computer Science of Human Decisions by Brian Christian, Tom Griffiths

4chan, Ada Lovelace, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, algorithmic bias, algorithmic trading, anthropic principle, asset allocation, autonomous vehicles, Bayesian statistics, behavioural economics, Berlin Wall, Big Tech, Bill Duvall, bitcoin, Boeing 747, Charles Babbage, cognitive load, Community Supported Agriculture, complexity theory, constrained optimization, cosmological principle, cryptocurrency, Danny Hillis, data science, David Heinemeier Hansson, David Sedaris, delayed gratification, dematerialisation, diversification, Donald Knuth, Donald Shoup, double helix, Dutch auction, Elon Musk, exponential backoff, fault tolerance, Fellow of the Royal Society, Firefox, first-price auction, Flash crash, Frederick Winslow Taylor, fulfillment center, Garrett Hardin, Geoffrey Hinton, George Akerlof, global supply chain, Google Chrome, heat death of the universe, Henri Poincaré, information retrieval, Internet Archive, Jeff Bezos, Johannes Kepler, John Nash: game theory, John von Neumann, Kickstarter, knapsack problem, Lao Tzu, Leonard Kleinrock, level 1 cache, linear programming, martingale, multi-armed bandit, Nash equilibrium, natural language processing, NP-complete, P = NP, packet switching, Pierre-Simon Laplace, power law, prediction markets, race to the bottom, RAND corporation, RFC: Request For Comment, Robert X Cringely, Sam Altman, scientific management, sealed-bid auction, second-price auction, self-driving car, Silicon Valley, Skype, sorting algorithm, spectrum auction, Stanford marshmallow experiment, Steve Jobs, stochastic process, Thomas Bayes, Thomas Malthus, Tragedy of the Commons, traveling salesman, Turing machine, urban planning, Vickrey auction, Vilfredo Pareto, Walter Mischel, Y Combinator, zero-sum game

Perhaps nowhere, however, is overfitting as powerful and troublesome as in the world of business. “Incentive structures work,” as Steve Jobs put it. “So you have to be very careful of what you incent people to do, because various incentive structures create all sorts of consequences that you can’t anticipate.” Sam Altman, president of the startup incubator Y Combinator, echoes Jobs’s words of caution: “It really is true that the company will build whatever the CEO decides to measure.” In fact, it’s incredibly difficult to come up with incentives or measurements that do not have some kind of perverse effect. In the 1950s, Cornell management professor V.

as athletes overfit their tactics: For an interesting example of very deliberately overfitting fencing, see Harmenberg, Epee 2.0. “Incentive structures work”: Brent Schlender, “The Lost Steve Jobs Tapes,” Fast Company, May 2012, http://www.fastcompany.com/1826869/lost-steve-jobs-tapes. “whatever the CEO decides to measure”: Sam Altman, “Welcome, and Ideas, Products, Teams and Execution Part I,” Stanford CS183B, Fall 2014, “How to Start a Startup,” http://startupclass.samaltman.com/courses/lec01/. Ridgway cataloged a host of such: Ridgway, “Dysfunctional Consequences of Performance Measurements.” At a job-placement firm: In this tale, Ridgway is himself citing Blau, The Dynamics of Bureaucracy.


pages: 499 words: 144,278

Coders: The Making of a New Tribe and the Remaking of the World by Clive Thompson

"Margaret Hamilton" Apollo, "Susan Fowler" uber, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 4chan, 8-hour work day, Aaron Swartz, Ada Lovelace, AI winter, air gap, Airbnb, algorithmic bias, AlphaGo, Amazon Web Services, Andy Rubin, Asperger Syndrome, augmented reality, Ayatollah Khomeini, backpropagation, barriers to entry, basic income, behavioural economics, Bernie Sanders, Big Tech, bitcoin, Bletchley Park, blockchain, blue-collar work, Brewster Kahle, Brian Krebs, Broken windows theory, call centre, Cambridge Analytica, cellular automata, Charles Babbage, Chelsea Manning, Citizen Lab, clean water, cloud computing, cognitive dissonance, computer vision, Conway's Game of Life, crisis actor, crowdsourcing, cryptocurrency, Danny Hillis, data science, David Heinemeier Hansson, deep learning, DeepMind, Demis Hassabis, disinformation, don't be evil, don't repeat yourself, Donald Trump, driverless car, dumpster diving, Edward Snowden, Elon Musk, Erik Brynjolfsson, Ernest Rutherford, Ethereum, ethereum blockchain, fake news, false flag, Firefox, Frederick Winslow Taylor, Free Software Foundation, Gabriella Coleman, game design, Geoffrey Hinton, glass ceiling, Golden Gate Park, Google Hangouts, Google X / Alphabet X, Grace Hopper, growth hacking, Guido van Rossum, Hacker Ethic, hockey-stick growth, HyperCard, Ian Bogost, illegal immigration, ImageNet competition, information security, Internet Archive, Internet of things, Jane Jacobs, John Markoff, Jony Ive, Julian Assange, Ken Thompson, Kickstarter, Larry Wall, lone genius, Lyft, Marc Andreessen, Mark Shuttleworth, Mark Zuckerberg, Max Levchin, Menlo Park, meritocracy, microdosing, microservices, Minecraft, move 37, move fast and break things, Nate Silver, Network effects, neurotypical, Nicholas Carr, Nick Bostrom, no silver bullet, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Oculus Rift, off-the-grid, OpenAI, operational security, opioid epidemic / opioid crisis, PageRank, PalmPilot, paperclip maximiser, pattern recognition, Paul Graham, paypal mafia, Peter Thiel, pink-collar, planetary scale, profit motive, ransomware, recommendation engine, Richard Stallman, ride hailing / ride sharing, Rubik’s Cube, Ruby on Rails, Sam Altman, Satoshi Nakamoto, Saturday Night Live, scientific management, self-driving car, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, single-payer health, Skype, smart contracts, Snapchat, social software, software is eating the world, sorting algorithm, South of Market, San Francisco, speech recognition, Steve Wozniak, Steven Levy, systems thinking, TaskRabbit, tech worker, techlash, TED Talk, the High Line, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, universal basic income, urban planning, Wall-E, Watson beat the top human players on Jeopardy!, WeWork, WikiLeaks, women in the workforce, Y Combinator, Zimmermann PGP, éminence grise

She “found three times as many bugs as all four other testers, combined. I’m not exaggerating, I actually measured this. She was more than twelve times more productive than the average tester. When she quit, I sent an email to the CEO saying ‘I’d rather have Jill on Mondays and Tuesdays than the rest of the QA team put together.’ ” As Sam Altman, the head of the famous start-up accelerator Y Combinator, suggests, the idea of singular geniuses in code shouldn’t be surprising; every insight-based field has standout individuals. “It doesn’t seem that controversial in other fields,” he tells me. “There are 10X physicists, and we give them Nobel Prizes and that’s fine.

He founded a hackerspace in Santa Barbara, and after meeting several friends there—including the then 16-year-old Bahnken, who wandered in one day to learn to code—they founded a string of start-ups. Phillips was laser focused on his entrepreneurship, too. He devoured online videos by Y Combinator head Sam Altman, and he imbibed Zero to One, the business-building tome of Silicon Valley’s archlibertarian icon Peter Thiel. “Peter Thiel’s book on entrepreneurship is brilliant,” he tells me. “The idea of, you gotta do something fundamentally better—it can’t be a little bit better. But I don’t mention the name Peter Thiel in certain places because I hate his politics.”


pages: 287 words: 62,824

Just Keep Buying: Proven Ways to Save Money and Build Your Wealth by Nick Maggiulli

Airbnb, asset allocation, Big Tech, bitcoin, buy and hold, COVID-19, crowdsourcing, cryptocurrency, data science, diversification, diversified portfolio, financial independence, Hans Rosling, index fund, it's over 9,000, Jeff Bezos, Jeff Seder, lifestyle creep, mass affluent, mortgage debt, oil shock, payday loans, phenotype, price anchoring, risk-adjusted returns, Robert Shiller, Sam Altman, side hustle, side project, stocks for the long run, The 4% rule, time value of money, transaction costs, very high income, William Bengen, yield curve

In fact, according to multiple studies, the expected annual return on angel investments is in the 20%–25% range.⁷¹ However, these returns aren’t without a very large skew. An Angel Capital Association study found that just one in nine angel investments (11%) yielded a positive return.⁷² This goes to show that though some small businesses may become the next Apple, most never make it too far out of the garage. As Sam Altman, famed investor and President of YCombinator, once wrote: “It’s common to make more money from your single best angel investment than all the rest put together. The consequence of this is that the real risk is missing out on that outstanding investment, and not failing to get your money back (or, as some people ask for, a guaranteed 2x) on all of your other companies.”⁷³ This is why small business investing can be so tough, yet also so rewarding.


pages: 205 words: 61,903

Survival of the Richest: Escape Fantasies of the Tech Billionaires by Douglas Rushkoff

"World Economic Forum" Davos, 4chan, A Declaration of the Independence of Cyberspace, agricultural Revolution, Airbnb, Alan Greenspan, Amazon Mechanical Turk, Amazon Web Services, Andrew Keen, AOL-Time Warner, artificial general intelligence, augmented reality, autonomous vehicles, basic income, behavioural economics, Big Tech, biodiversity loss, Biosphere 2, bitcoin, blockchain, Boston Dynamics, Burning Man, buy low sell high, Californian Ideology, carbon credits, carbon footprint, circular economy, clean water, cognitive dissonance, Colonization of Mars, coronavirus, COVID-19, creative destruction, Credit Default Swap, CRISPR, data science, David Graeber, DeepMind, degrowth, Demis Hassabis, deplatforming, digital capitalism, digital map, disinformation, Donald Trump, Elon Musk, en.wikipedia.org, energy transition, Ethereum, ethereum blockchain, European colonialism, Evgeny Morozov, Extinction Rebellion, Fairphone, fake news, Filter Bubble, game design, gamification, gig economy, Gini coefficient, global pandemic, Google bus, green new deal, Greta Thunberg, Haight Ashbury, hockey-stick growth, Howard Rheingold, if you build it, they will come, impact investing, income inequality, independent contractor, Jane Jacobs, Jeff Bezos, Jeffrey Epstein, job automation, John Nash: game theory, John Perry Barlow, Joseph Schumpeter, Just-in-time delivery, liberal capitalism, Mark Zuckerberg, Marshall McLuhan, mass immigration, megaproject, meme stock, mental accounting, Michael Milken, microplastics / micro fibres, military-industrial complex, Minecraft, mirror neurons, move fast and break things, Naomi Klein, New Urbanism, Norbert Wiener, Oculus Rift, One Laptop per Child (OLPC), operational security, Patri Friedman, pattern recognition, Peter Thiel, planetary scale, Plato's cave, Ponzi scheme, profit motive, QAnon, RAND corporation, Ray Kurzweil, rent-seeking, Richard Thaler, ride hailing / ride sharing, Robinhood: mobile stock trading app, Sam Altman, Shoshana Zuboff, Silicon Valley, Silicon Valley billionaire, SimCity, Singularitarianism, Skinner box, Snapchat, sovereign wealth fund, Stephen Hawking, Steve Bannon, Steve Jobs, Steven Levy, Steven Pinker, Stewart Brand, surveillance capitalism, tech billionaire, tech bro, technological solutionism, technoutopianism, Ted Nelson, TED Talk, the medium is the message, theory of mind, TikTok, Torches of Freedom, Tragedy of the Commons, universal basic income, urban renewal, warehouse robotics, We are as Gods, WeWork, Whole Earth Catalog, work culture , working poor

Yet here they were, asking a Marxist media theorist for advice on where and how to configure their doomsday bunkers. That’s when it hit me: at least as far as these gentlemen were concerned, this was a talk about the future of technology. Taking their cue from Tesla founder Elon Musk colonizing Mars , Palantir’s Peter Thiel reversing the aging process , or artificial intelligence developers Sam Altman and Ray Kurzweil uploading their minds into supercomputers, they were preparing for a digital future that had less to do with making the world a better place than it did with transcending the human condition altogether. Their extreme wealth and privilege served only to make them obsessed with insulating themselves from the very real and present danger of climate change, rising sea levels, mass migrations, global pandemics, nativist panic, and resource depletion.


pages: 222 words: 70,132

Move Fast and Break Things: How Facebook, Google, and Amazon Cornered Culture and Undermined Democracy by Jonathan Taplin

"Friedman doctrine" OR "shareholder theory", "there is no alternative" (TINA), 1960s counterculture, affirmative action, Affordable Care Act / Obamacare, Airbnb, AlphaGo, Amazon Mechanical Turk, American Legislative Exchange Council, AOL-Time Warner, Apple's 1984 Super Bowl advert, back-to-the-land, barriers to entry, basic income, battle of ideas, big data - Walmart - Pop Tarts, Big Tech, bitcoin, Brewster Kahle, Buckminster Fuller, Burning Man, Clayton Christensen, Cody Wilson, commoditize, content marketing, creative destruction, crony capitalism, crowdsourcing, data is the new oil, data science, David Brooks, David Graeber, decentralized internet, don't be evil, Donald Trump, Douglas Engelbart, Douglas Engelbart, Dynabook, Edward Snowden, Elon Musk, equal pay for equal work, Erik Brynjolfsson, Fairchild Semiconductor, fake news, future of journalism, future of work, George Akerlof, George Gilder, Golden age of television, Google bus, Hacker Ethic, Herbert Marcuse, Howard Rheingold, income inequality, informal economy, information asymmetry, information retrieval, Internet Archive, Internet of things, invisible hand, Jacob Silverman, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John Perry Barlow, John von Neumann, Joseph Schumpeter, Kevin Kelly, Kickstarter, labor-force participation, Larry Ellison, life extension, Marc Andreessen, Mark Zuckerberg, Max Levchin, Menlo Park, Metcalfe’s law, military-industrial complex, Mother of all demos, move fast and break things, natural language processing, Network effects, new economy, Norbert Wiener, offshore financial centre, packet switching, PalmPilot, Paul Graham, paypal mafia, Peter Thiel, plutocrats, pre–internet, Ray Kurzweil, reality distortion field, recommendation engine, rent-seeking, revision control, Robert Bork, Robert Gordon, Robert Metcalfe, Ronald Reagan, Ross Ulbricht, Sam Altman, Sand Hill Road, secular stagnation, self-driving car, sharing economy, Silicon Valley, Silicon Valley ideology, Skinner box, smart grid, Snapchat, Social Justice Warrior, software is eating the world, Steve Bannon, Steve Jobs, Stewart Brand, tech billionaire, techno-determinism, technoutopianism, TED Talk, The Chicago School, the long tail, The Market for Lemons, The Rise and Fall of American Growth, Tim Cook: Apple, trade route, Tragedy of the Commons, transfer pricing, Travis Kalanick, trickle-down economics, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, unpaid internship, vertical integration, We are as Gods, We wanted flying cars, instead we got 140 characters, web application, Whole Earth Catalog, winner-take-all economy, women in the workforce, Y Combinator, you are the product

Various subreddits have been devoted to pornography, neo-Nazi propaganda, white power, Gamergate—all in the name of free speech. Since Reddit’s purchase by Condé Nast in 2006, the site has tried to rein in the most outrageous subreddits. But the task of reining in the ultralibertarian Reddit community became too much, and in the fall of 2011 Condé Nast sold off a large share of Reddit to a group led by Sam Altman, Peter Thiel, and Marc Andreessen. At the debate, Ohanian proudly mentioned his personal consumption of “free music and movies” available on the Internet, going so far as to say that musicians such as The Band need to earn their money from touring. From his point of view, Levon Helm had no right to make money from old recordings.


pages: 213 words: 70,742

Notes From an Apocalypse: A Personal Journey to the End of the World and Back by Mark O'Connell

Berlin Wall, bitcoin, Black Lives Matter, blockchain, California gold rush, carbon footprint, Carrington event, clean water, Colonization of Mars, conceptual framework, cryptocurrency, disruptive innovation, diversified portfolio, Donald Trump, Donner party, Easter island, Elon Musk, Greta Thunberg, high net worth, Jeff Bezos, life extension, lock screen, low earth orbit, Marc Andreessen, Mars Society, Mikhail Gorbachev, mutually assured destruction, New Urbanism, off grid, Peter Thiel, post-work, Sam Altman, Silicon Valley, Stephen Hawking, Steven Pinker, surveillance capitalism, tech billionaire, the built environment, yield curve

It had recently emerged that Thiel had bought a sprawling property in New Zealand, on the shores of Lake Wanaka, the apparent intention of which was to provide him with a place to retreat to should America become unlivable due to economic chaos, civil unrest, or some or other apocalyptic event. (Sam Altman, one of Silicon Valley’s most influential entrepreneurs, alluded in an interview to an arrangement with his friend Thiel, whereby in the eventuality of some kind of systemic collapse scenario—synthetic virus breakout, rampaging AI, resource war between nuclear-armed states, and so forth—they both get on a private jet and fly to this property in New Zealand.


pages: 226 words: 65,516

Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street by Jeff John Roberts

4chan, Airbnb, Alan Greenspan, altcoin, Apple II, Bernie Sanders, Bertram Gilfoyle, Big Tech, bitcoin, blockchain, Blythe Masters, Bonfire of the Vanities, Burning Man, buttonwood tree, cloud computing, coronavirus, COVID-19, creative destruction, Credit Default Swap, cryptocurrency, democratizing finance, Dogecoin, Donald Trump, double helix, driverless car, Elliott wave, Elon Musk, Ethereum, ethereum blockchain, family office, financial engineering, Flash crash, forensic accounting, hacker house, Hacker News, hockey-stick growth, index fund, information security, initial coin offering, Jeff Bezos, John Gilmore, Joseph Schumpeter, litecoin, Marc Andreessen, Mark Zuckerberg, Masayoshi Son, Menlo Park, move fast and break things, Multics, Network effects, offshore financial centre, open borders, Paul Graham, Peter Thiel, Ponzi scheme, prediction markets, proprietary trading, radical decentralization, ransomware, regulatory arbitrage, reserve currency, ride hailing / ride sharing, Robert Shiller, rolodex, Ross Ulbricht, Sam Altman, Sand Hill Road, Satoshi Nakamoto, sharing economy, side hustle, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, smart contracts, SoftBank, software is eating the world, Startup school, Steve Ballmer, Steve Jobs, Steve Wozniak, transaction costs, Vitalik Buterin, WeWork, work culture , Y Combinator, zero-sum game

And in Liar’s Poker, he recounts how a trader made a killing at his Wall Street firm by bundling home loans into mortgage bonds—an obvious idea, but a secret at the time because popular consensus dismissed it. In 2012, Brian had grabbed an open secret of his own. He knew bitcoin could be a world-changing technology, but that buying it—for most people—was a confusing, convoluted experience. What if he could make it simpler? Y Combinator President Sam Altman understood the power of such simplicity and what Brian sought to do. “Making things easy to use is important to 99 percent of people, but technical people overlook that. When Dropbox launched, programmers would say, ‘I don’t get why anyone needs this when you can use these command line tools and make backups of all your files,’” he says, describing a computer process obvious to programmers but baffling to everyone else.


pages: 267 words: 72,552

Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger, Thomas Ramge

accounting loophole / creative accounting, Air France Flight 447, Airbnb, Alvin Roth, Apollo 11, Atul Gawande, augmented reality, banking crisis, basic income, Bayesian statistics, Bear Stearns, behavioural economics, bitcoin, blockchain, book value, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, Cass Sunstein, centralized clearinghouse, Checklist Manifesto, cloud computing, cognitive bias, cognitive load, conceptual framework, creative destruction, Daniel Kahneman / Amos Tversky, data science, Didi Chuxing, disruptive innovation, Donald Trump, double entry bookkeeping, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, flying shuttle, Ford Model T, Ford paid five dollars a day, Frederick Winslow Taylor, fundamental attribution error, George Akerlof, gig economy, Google Glasses, Higgs boson, information asymmetry, interchangeable parts, invention of the telegraph, inventory management, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, job satisfaction, joint-stock company, Joseph Schumpeter, Kickstarter, knowledge worker, labor-force participation, land reform, Large Hadron Collider, lone genius, low cost airline, low interest rates, Marc Andreessen, market bubble, market design, market fundamentalism, means of production, meta-analysis, Moneyball by Michael Lewis explains big data, multi-sided market, natural language processing, Neil Armstrong, Network effects, Nick Bostrom, Norbert Wiener, offshore financial centre, Parag Khanna, payday loans, peer-to-peer lending, Peter Thiel, Ponzi scheme, prediction markets, price anchoring, price mechanism, purchasing power parity, radical decentralization, random walk, recommendation engine, Richard Thaler, ride hailing / ride sharing, Robinhood: mobile stock trading app, Sam Altman, scientific management, Second Machine Age, self-driving car, Silicon Valley, Silicon Valley startup, six sigma, smart grid, smart meter, Snapchat, statistical model, Steve Jobs, subprime mortgage crisis, Suez canal 1869, tacit knowledge, technoutopianism, The Future of Employment, The Market for Lemons, The Nature of the Firm, transaction costs, universal basic income, vertical integration, William Langewiesche, Y Combinator

UBI, as it is affectionately called by its proponents, has garnered surprising support, particularly among leading figures in the high-tech sector. “Superangel” investor Marc Andreessen, the coauthor of Mosaic, one of the first widely used Web browsers, is in favor of it. And so are New York–based Albert Wenger, another highly successful venture capitalist; start-up incubator impresario Sam Altman; and Elon Musk, the brash but congenial cofounder of PayPal and CEO of Tesla. Silicon Valley isn’t alone in its enthusiasm for UBI, but it is Silicon Valley’s digital and data-driven innovations that have given rise to the idea. There are innumerable variations, but the core idea is similar. Everyone receives a monthly check for a fixed amount that would be sufficient to pay for food, clothing, basic education, a warm, dry home, perhaps even some form of health insurance.


pages: 242 words: 73,728

Give People Money by Annie Lowrey

Abraham Maslow, affirmative action, Affordable Care Act / Obamacare, agricultural Revolution, Airbnb, airport security, autonomous vehicles, barriers to entry, basic income, Bernie Sanders, bitcoin, Black Lives Matter, carbon tax, clean water, collective bargaining, computer age, crowdsourcing, cryptocurrency, deindustrialization, desegregation, Donald Trump, driverless car, Edward Glaeser, Elon Musk, ending welfare as we know it, everywhere but in the productivity statistics, full employment, gender pay gap, gentrification, gig economy, Google Earth, Home mortgage interest deduction, income inequality, indoor plumbing, information asymmetry, Jaron Lanier, jitney, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kickstarter, Kodak vs Instagram, labor-force participation, late capitalism, Lyft, M-Pesa, Mahatma Gandhi, Mark Zuckerberg, mass incarceration, McMansion, Menlo Park, mobile money, Modern Monetary Theory, mortgage tax deduction, multilevel marketing, new economy, obamacare, opioid epidemic / opioid crisis, Overton Window, Peter Thiel, post scarcity, post-work, Potemkin village, precariat, public intellectual, randomized controlled trial, ride hailing / ride sharing, Robert Bork, Robert Solow, Ronald Reagan, Rutger Bregman, Sam Altman, self-driving car, Silicon Valley, single-payer health, Steve Jobs, TaskRabbit, tech billionaire, The future is already here, The Future of Employment, theory of mind, total factor productivity, Turing test, two tier labour market, Uber and Lyft, uber lyft, universal basic income, uranium enrichment, War on Poverty, warehouse robotics, Watson beat the top human players on Jeopardy!, We wanted flying cars, instead we got 140 characters, women in the workforce, working poor, World Values Survey, Y Combinator

“When people join start-ups or work in tech, there’s an aspirational nature to it. But very few CEOs are happy with the idea that their work is going to cause a lot of stress and harm.” Yet the boosterism also does seem to be ignited by a real concern that we are in the midst of a profound economic and technological revolution. Sam Altman, the president of Y Combinator, recently spoke at a poverty summit cohosted by Stanford, the White House, and the Chan Zuckerberg Initiative, the Facebook billionaire’s charitable institution. “There have been these moments where we have had these major technology revolutions—the Agricultural Revolution, the Industrial Revolution, for example—that have really changed the world in a big way,” he said.


pages: 240 words: 78,436

Open for Business Harnessing the Power of Platform Ecosystems by Lauren Turner Claire, Laure Claire Reillier, Benoit Reillier

Airbnb, Amazon Mechanical Turk, Amazon Web Services, augmented reality, autonomous vehicles, barriers to entry, basic income, benefit corporation, Blitzscaling, blockchain, carbon footprint, Chuck Templeton: OpenTable:, cloud computing, collaborative consumption, commoditize, crowdsourcing, data science, deep learning, Diane Coyle, Didi Chuxing, disintermediation, distributed ledger, driverless car, fake news, fulfillment center, future of work, George Akerlof, independent contractor, intangible asset, Internet of things, Jean Tirole, Jeff Bezos, Kickstarter, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, market design, Metcalfe’s law, minimum viable product, multi-sided market, Network effects, Paradox of Choice, Paul Graham, peer-to-peer lending, performance metric, Peter Thiel, platform as a service, price discrimination, price elasticity of demand, profit motive, ride hailing / ride sharing, Sam Altman, search costs, self-driving car, seminal paper, shareholder value, sharing economy, Silicon Valley, Skype, smart contracts, Snapchat, software as a service, Steve Jobs, Steve Wozniak, TaskRabbit, the long tail, The Market for Lemons, Tim Cook: Apple, transaction costs, two-sided market, Uber and Lyft, uber lyft, universal basic income, Y Combinator

Ries, The Lean Startup, New York: Crown Publishing, 2011. 3 While Hilton can manage and tightly control the experience of its guests, Airbnb can only influence the experience provided by the hosts. 4 Henry Blodget, 19 January 2015, Business Insider, http://uk.businessinsider.com/uberrevenue-san-francisco-2015-1. 5 Hilton Investor Presentation, November 2015. 6 The Platform Design Toolkit 2.0, the ecosystem’s motivation matrix, by Simone Cicero, www.meedabyte.com. 7 Airbnb CEO Brian Chesky routinely tweets their nights booked milestones. 8 Alex Schultz, How to Start a Start-up, Lecture 6: Growth, Sam Altman. 9 We have seen a number of interesting implementations of Mirakl at Galeries Lafayette, Darty, Halfords and l’Equipe. 10 LoveKnitting, the marketplace for knitting yarn, patterns and needles, was initially built on Magento. Truly, a marketplace for unique experiences, was initially built on an even tighter budget, using WordPress and WooCommerce, before migrating to Magento.


pages: 256 words: 73,068

12 Bytes: How We Got Here. Where We Might Go Next by Jeanette Winterson

"Margaret Hamilton" Apollo, "World Economic Forum" Davos, 3D printing, Ada Lovelace, Airbnb, Albert Einstein, Alignment Problem, Amazon Mechanical Turk, Anthropocene, Apollo 11, Apple's 1984 Super Bowl advert, artificial general intelligence, Asilomar, augmented reality, autonomous vehicles, basic income, Big Tech, bitcoin, Bletchley Park, blockchain, Boston Dynamics, call centre, Cambridge Analytica, Capital in the Twenty-First Century by Thomas Piketty, cashless society, Charles Babbage, computer age, Computing Machinery and Intelligence, coronavirus, COVID-19, CRISPR, cryptocurrency, dark matter, Dava Sobel, David Graeber, deep learning, deskilling, digital rights, discovery of DNA, Dominic Cummings, Donald Trump, double helix, driverless car, Elon Musk, fake news, flying shuttle, friendly AI, gender pay gap, global village, Grace Hopper, Gregor Mendel, hive mind, housing crisis, Internet of things, Isaac Newton, Jacquard loom, James Hargreaves, Jeff Bezos, Johannes Kepler, John von Neumann, Joseph-Marie Jacquard, Kickstarter, Large Hadron Collider, life extension, lockdown, lone genius, Mark Zuckerberg, means of production, microdosing, more computing power than Apollo, move fast and break things, natural language processing, Nick Bostrom, Norbert Wiener, off grid, OpenAI, operation paperclip, packet switching, Peter Thiel, pink-collar, Plato's cave, public intellectual, QAnon, QWERTY keyboard, Ray Kurzweil, rewilding, ride hailing / ride sharing, Rutger Bregman, Sam Altman, self-driving car, sharing economy, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Skype, Snapchat, SoftBank, SpaceX Starlink, speech recognition, spinning jenny, stem cell, Stephen Hawking, Steve Bannon, Steve Jobs, Steven Levy, Steven Pinker, superintelligent machines, surveillance capitalism, synthetic biology, systems thinking, tech billionaire, tech worker, TED Talk, telepresence, telepresence robot, TikTok, trade route, Turing test, universal basic income, Virgin Galactic, Watson beat the top human players on Jeopardy!, women in the workforce, Y Combinator

If digital social passports become normal, and if such passports can be used to decide who goes where, who does what, gets what, pays what (China is mooting charging systems that offer discounts to exemplary citizens), then how we live changes collectively, as well as individually – and perhaps it will make us less compassionate too. We won’t know what’s in the data of the person turned away or turned down or charged double, and likely we will feel it must be justified – mustn’t it? And we all like to feel superior to others. * * * Elon Musk and Sam Altman (CEO of the start-up funder Y Combinator) launched OpenAI in 2015 as a non-profit organisation promoting more inclusive AI – more benefits for more people – and to explore safe AGI. (We don’t want a Skynet situation.) Musk, who has since left the organisation due to what he calls conflicts of interest, is notably worried about artificial general intelligence – the point where AI becomes an autonomous self-monitoring system.


pages: 282 words: 81,873

Live Work Work Work Die: A Journey Into the Savage Heart of Silicon Valley by Corey Pein

"World Economic Forum" Davos, 23andMe, 4chan, affirmative action, Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, Anne Wojcicki, artificial general intelligence, bank run, barriers to entry, Benevolent Dictator For Life (BDFL), Bernie Sanders, Big Tech, bitcoin, Bitcoin Ponzi scheme, Build a better mousetrap, California gold rush, cashless society, colonial rule, computer age, cryptocurrency, data is the new oil, deep learning, digital nomad, disruptive innovation, Donald Trump, Douglas Hofstadter, driverless car, Elon Musk, Evgeny Morozov, Extropian, fail fast, fake it until you make it, fake news, gamification, gentrification, gig economy, Google bus, Google Glasses, Google X / Alphabet X, Greyball, growth hacking, hacker house, Hacker News, hive mind, illegal immigration, immigration reform, independent contractor, intentional community, Internet of things, invisible hand, Isaac Newton, Jeff Bezos, job automation, Kevin Kelly, Khan Academy, Larry Ellison, Law of Accelerating Returns, Lean Startup, life extension, Lyft, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, Menlo Park, minimum viable product, move fast and break things, mutually assured destruction, Neal Stephenson, obamacare, Parker Conrad, passive income, patent troll, Patri Friedman, Paul Graham, peer-to-peer lending, Peter H. Diamandis: Planetary Resources, Peter Thiel, platform as a service, plutocrats, Ponzi scheme, post-work, public intellectual, Ray Kurzweil, regulatory arbitrage, rent control, RFID, Robert Mercer, rolodex, Ronald Reagan, Ross Ulbricht, Ruby on Rails, Sam Altman, Sand Hill Road, Scientific racism, self-driving car, selling pickaxes during a gold rush, sharing economy, side project, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Singularitarianism, Skype, Snapchat, Social Justice Warrior, social software, software as a service, source of truth, South of Market, San Francisco, Startup school, stealth mode startup, Steve Bannon, Steve Jobs, Steve Wozniak, TaskRabbit, tech billionaire, tech bro, tech worker, TechCrunch disrupt, technological singularity, technoutopianism, telepresence, too big to fail, Travis Kalanick, tulip mania, Tyler Cowen, Uber for X, uber lyft, ubercab, unit 8200, upwardly mobile, Vernor Vinge, vertical integration, Virgin Galactic, X Prize, Y Combinator, Zenefits

I browsed the tech press for inspiration, returning, as ever, to Hacker News, the internet home page for people who were convinced they were the world’s smartest people, and I found an essay by the website’s founder, Paul Graham, called “Before the Startup.” That seemed to describe where I was. The essay was adapted from a guest lecture Graham delivered to his business partner Sam Altman’s startup class at Stanford. “The way to succeed in a startup is not to be an expert on startups, but to be an expert on your users and the problem you’re solving for them,” Graham wrote. I was an expert in nothing, which in Graham’s formulation put me at a slight advantage over people who were experts on startups.


pages: 251 words: 80,831

Super Founders: What Data Reveals About Billion-Dollar Startups by Ali Tamaseb

"World Economic Forum" Davos, 23andMe, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Anne Wojcicki, asset light, barriers to entry, Ben Horowitz, Benchmark Capital, bitcoin, business intelligence, buy and hold, Chris Wanstrath, clean water, cloud computing, coronavirus, corporate governance, correlation does not imply causation, COVID-19, cryptocurrency, data science, discounted cash flows, diversified portfolio, Elon Musk, Fairchild Semiconductor, game design, General Magic , gig economy, high net worth, hiring and firing, index fund, Internet Archive, Jeff Bezos, John Zimmer (Lyft cofounder), Kickstarter, late fees, lockdown, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Max Levchin, Mitch Kapor, natural language processing, Network effects, nuclear winter, PageRank, PalmPilot, Parker Conrad, Paul Buchheit, Paul Graham, peer-to-peer lending, Peter Thiel, Planet Labs, power law, QR code, Recombinant DNA, remote working, ride hailing / ride sharing, robotic process automation, rolodex, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, self-driving car, shareholder value, sharing economy, side hustle, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, SoftBank, software as a service, software is eating the world, sovereign wealth fund, Startup school, Steve Jobs, Steve Wozniak, survivorship bias, TaskRabbit, telepresence, the payments system, TikTok, Tony Fadell, Tony Hsieh, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, ubercab, web application, WeWork, work culture , Y Combinator

National Bureau of Economic Research, September 1, 2016, www.nber.org/papers/w22587. 5. Startup School, “How to Raise Money,” video, October 21, 2014, https://startupclass.samaltman.com/courses/lec09/. 6. Leo Polovets, “Startups Are Risk Bundles,” Codingvc (blog), March 3, 2016, www.codingvc.com/startups-are-risk-bundles/. 7. Sam Altman, “Lecture 9: How to Raise Money (Marc Andreessen, Ron Conway, Parker Conrad),” How to Start a Startup, October 21, 2014, https://startupclass.samaltman.com/courses/lec09/. 8. National Venture Capital Association, 2020 Yearbook, https://nvca.org/research/nvca-yearbook/. CHAPTER 18: FUNDRAISING 1.


pages: 290 words: 87,549

The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions...and Created Plenty of Controversy by Leigh Gallagher

Abraham Maslow, Airbnb, Amazon Web Services, barriers to entry, Ben Horowitz, Bernie Sanders, Blitzscaling, cloud computing, crowdsourcing, data science, don't be evil, Donald Trump, East Village, Elon Musk, fixed-gear, gentrification, geopolitical risk, growth hacking, Hacker News, hockey-stick growth, housing crisis, iterative process, Jeff Bezos, John Zimmer (Lyft cofounder), Jony Ive, Justin.tv, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, medical residency, Menlo Park, Network effects, Paul Buchheit, Paul Graham, performance metric, Peter Thiel, RFID, Salesforce, Sam Altman, Sand Hill Road, Saturday Night Live, sharing economy, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, Startup school, Steve Jobs, TaskRabbit, TED Talk, the payments system, Tony Hsieh, traumatic brain injury, Travis Kalanick, uber lyft, Y Combinator, yield management

v=OQTWimfGfV8. 22 to launch Facebook: Lacy, “Fireside Chat.” 24 “‘I just ruined it,’” says Chesky: Ibid. 25 as Fortune called it: Leena Rao, “Meet Y Combinator’s New COO,” Fortune, August 26, 2015, http://fortune.com/2015/08/26/meet-y-combinators-new-coo/. 28 (log on to his account): Brian Chesky, “1000 days of AirBnB,” Startup School 2010, YouTube, uploaded February 12, 2013, https://www.youtube.com/watch?v=L03vBkOKTrc. Chapter 2: Building a Company 35 “How to Start a Startup”: Sam Altman, “How to Start a Startup,” lecture with Alfred Lin and Brian Chesky, video, accessed October 10, 2016, http://startupclass.samaltman.com/courses/lec10/. 36 (six new core values in 2013): The six core values put in place in 2013 were “Host,” “Champion the Mission,” “Every Frame Matters,” “Be a cereal entrepreneur,” “Simplify,” and “Embrace the Adventure.” 41 in the first half of 2016 alone: “Uber Loses at Least $1.2 Billion in First Half of 2016,” Bloomberg BusinessWeek, August 25, 2016, https://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016. 45 a surge in bookings: Owen Thomas, “How a Caltech Ph.D.


pages: 443 words: 98,113

The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay by Guy Standing

"World Economic Forum" Davos, 3D printing, Airbnb, Alan Greenspan, Albert Einstein, Amazon Mechanical Turk, anti-fragile, Asian financial crisis, asset-backed security, bank run, banking crisis, basic income, Ben Bernanke: helicopter money, Bernie Sanders, Big bang: deregulation of the City of London, Big Tech, bilateral investment treaty, Bonfire of the Vanities, Boris Johnson, Bretton Woods, business cycle, Capital in the Twenty-First Century by Thomas Piketty, carried interest, cashless society, central bank independence, centre right, Clayton Christensen, collapse of Lehman Brothers, collective bargaining, commons-based peer production, credit crunch, crony capitalism, cross-border payments, crowdsourcing, debt deflation, declining real wages, deindustrialization, disruptive innovation, Doha Development Round, Donald Trump, Double Irish / Dutch Sandwich, ending welfare as we know it, eurozone crisis, Evgeny Morozov, falling living standards, financial deregulation, financial innovation, Firefox, first-past-the-post, future of work, Garrett Hardin, gentrification, gig economy, Goldman Sachs: Vampire Squid, Greenspan put, Growth in a Time of Debt, housing crisis, income inequality, independent contractor, information retrieval, intangible asset, invention of the steam engine, investor state dispute settlement, it's over 9,000, James Watt: steam engine, Jeremy Corbyn, job automation, John Maynard Keynes: technological unemployment, labour market flexibility, light touch regulation, Long Term Capital Management, low interest rates, lump of labour, Lyft, manufacturing employment, Mark Zuckerberg, market clearing, Martin Wolf, means of production, megaproject, mini-job, Money creation, Mont Pelerin Society, moral hazard, mortgage debt, mortgage tax deduction, Neil Kinnock, non-tariff barriers, North Sea oil, Northern Rock, nudge unit, Occupy movement, offshore financial centre, oil shale / tar sands, open economy, openstreetmap, patent troll, payday loans, peer-to-peer lending, Phillips curve, plutocrats, Ponzi scheme, precariat, quantitative easing, remote working, rent control, rent-seeking, ride hailing / ride sharing, Right to Buy, Robert Gordon, Ronald Coase, Ronald Reagan, Sam Altman, savings glut, Second Machine Age, secular stagnation, sharing economy, Silicon Valley, Silicon Valley startup, Simon Kuznets, SoftBank, sovereign wealth fund, Stephen Hawking, Steve Ballmer, structural adjustment programs, TaskRabbit, The Chicago School, The Future of Employment, the payments system, The Rise and Fall of American Growth, Thomas Malthus, Thorstein Veblen, too big to fail, Tragedy of the Commons, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, Y Combinator, zero-sum game, Zipcar

In 2016, pilots were being planned in nineteen Dutch municipalities, led by the city of Utrecht, and in Finland, where the government put aside funds (initially €20 million) for a pilot to last two years. On the other side of the Atlantic, the provincial government in Ontario, Canada, is planning a basic income experiment, and the provinces of Quebec and Alberta have indicated interest. There are also private initiatives that show up the timidity of politicians. In California, Sam Altman, president of Y Combinator, a start-up ‘accelerator’, has committed funds to a five-year basic income experiment. GiveDirectly, a charity that channels money directly from online donors to recipients, has moved from giving random individuals a basic income to more community-oriented experiments in Africa.


Falter: Has the Human Game Begun to Play Itself Out? by Bill McKibben

"Hurricane Katrina" Superdome, 23andMe, Affordable Care Act / Obamacare, Airbnb, Alan Greenspan, American Legislative Exchange Council, An Inconvenient Truth, Anne Wojcicki, Anthropocene, Apollo 11, artificial general intelligence, Bernie Sanders, Bill Joy: nanobots, biodiversity loss, Burning Man, call centre, Cambridge Analytica, carbon footprint, carbon tax, Charles Lindbergh, clean water, Colonization of Mars, computer vision, CRISPR, David Attenborough, deep learning, DeepMind, degrowth, disinformation, Donald Trump, double helix, driverless car, Easter island, Edward Snowden, Elon Musk, ending welfare as we know it, energy transition, Extinction Rebellion, Flynn Effect, gigafactory, Google Earth, Great Leap Forward, green new deal, Greta Thunberg, Hyperloop, impulse control, income inequality, Intergovernmental Panel on Climate Change (IPCC), James Bridle, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, Kim Stanley Robinson, life extension, light touch regulation, Mark Zuckerberg, mass immigration, megacity, Menlo Park, moral hazard, Naomi Klein, Neil Armstrong, Nelson Mandela, Nick Bostrom, obamacare, ocean acidification, off grid, oil shale / tar sands, paperclip maximiser, Paris climate accords, pattern recognition, Peter Thiel, plutocrats, profit motive, Ralph Waldo Emerson, Ray Kurzweil, Robert Mercer, Ronald Reagan, Sam Altman, San Francisco homelessness, self-driving car, Silicon Valley, Silicon Valley startup, smart meter, Snapchat, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Pinker, strong AI, supervolcano, tech baron, tech billionaire, technoutopianism, TED Talk, The Wealth of Nations by Adam Smith, traffic fines, Tragedy of the Commons, Travis Kalanick, Tyler Cowen, urban sprawl, Virgin Galactic, Watson beat the top human players on Jeopardy!, Y Combinator, Y2K, yield curve

This being the tech industry, though, a newer iteration of the idea is already available. Nectome is one of the handful of start-ups chosen to be part of Y Combinator, the most important of California’s tech incubators. (They’re the people who first championed Dropbox, Airbnb, and Reddit.) In fact, Y Combinator head Sam Altman has already plunked down his $10,000 for Nectome’s service, which involves embalming your brain when you’re near death so that it can later be digitized and encoded. “The idea is that someday in the future scientists will scan your bricked brain and turn it into a computer simulation,” writes Antonio Regalado in MIT Technology Review.13 In fact, this notion that we will one day be meshed with computers and thus live forever has gained currency perhaps because, while bizarre, it seems somehow less absurd than the idea of Ted Williams lumbering around again in the real world.


pages: 343 words: 101,563

The Uninhabitable Earth: Life After Warming by David Wallace-Wells

agricultural Revolution, Albert Einstein, anthropic principle, Anthropocene, Asian financial crisis, augmented reality, autism spectrum disorder, basic income, behavioural economics, Berlin Wall, bitcoin, Blockadia, British Empire, Buckminster Fuller, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, carbon-based life, Chekhov's gun, climate anxiety, cognitive bias, computer age, correlation does not imply causation, cryptocurrency, cuban missile crisis, decarbonisation, disinformation, Donald Trump, Dr. Strangelove, effective altruism, Elon Musk, endowment effect, energy transition, everywhere but in the productivity statistics, failed state, fiat currency, global pandemic, global supply chain, Great Leap Forward, income inequality, Intergovernmental Panel on Climate Change (IPCC), invention of agriculture, it's over 9,000, Joan Didion, John Maynard Keynes: Economic Possibilities for our Grandchildren, Kevin Roose, Kim Stanley Robinson, labor-force participation, life extension, longitudinal study, Mark Zuckerberg, mass immigration, megacity, megastructure, Michael Shellenberger, microdosing, microplastics / micro fibres, mutually assured destruction, Naomi Klein, negative emissions, Nick Bostrom, nuclear winter, ocean acidification, off-the-grid, Paris climate accords, Pearl River Delta, Peter Thiel, plutocrats, postindustrial economy, quantitative easing, Ray Kurzweil, rent-seeking, ride hailing / ride sharing, Robert Solow, Sam Altman, Silicon Valley, Skype, South China Sea, South Sea Bubble, Steven Pinker, Stewart Brand, Ted Nordhaus, TED Talk, the built environment, The future is already here, the scientific method, Thomas Malthus, too big to fail, universal basic income, University of East Anglia, Whole Earth Catalog, William Langewiesche, Y Combinator

Peter Thiel may complain about the pace of technological change, but maybe he’s doing so because he’s worried it won’t outpace ecological and political devastation. He’s still investing in dubious eternal-youth programs and buying up land in New Zealand (where he might ride out social collapse on the civilization scale). Y Combinator’s Sam Altman, who has distinguished himself as a kind of tech philanthropist with a small universal-basic-income pilot project and recently announced a call for geoengineering proposals he might invest in, has reportedly made a down payment on a brain-upload program that would extract his mind from this world.


pages: 372 words: 100,947

An Ugly Truth: Inside Facebook's Battle for Domination by Sheera Frenkel, Cecilia Kang

"World Economic Forum" Davos, 2021 United States Capitol attack, affirmative action, augmented reality, autonomous vehicles, Ben Horowitz, Bernie Sanders, Big Tech, Black Lives Matter, blockchain, Cambridge Analytica, clean water, coronavirus, COVID-19, data science, disinformation, don't be evil, Donald Trump, Edward Snowden, end-to-end encryption, fake news, George Floyd, global pandemic, green new deal, hockey-stick growth, Ian Bogost, illegal immigration, immigration reform, independent contractor, information security, Jeff Bezos, Kevin Roose, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Menlo Park, natural language processing, offshore financial centre, Parler "social media", Peter Thiel, QAnon, RAND corporation, ride hailing / ride sharing, Robert Mercer, Russian election interference, Salesforce, Sam Altman, Saturday Night Live, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Snapchat, social web, Steve Bannon, Steve Jobs, Steven Levy, subscription business, surveillance capitalism, TechCrunch disrupt, TikTok, Travis Kalanick, WikiLeaks

The investment and buyout offers kept coming in: Nicholas Carlson, “11 Companies that Tried to Buy Facebook Back When it Was a Startup,” Business Insider, May 13, 2010. 13. The Yahoo buyout offer: Fass, “Peter Thiel Talks about the Day Mark Zuckerberg Turned down Yahoo’s $1 Billion.” 14. “It was the first point where we had to look at the future”: Mark Zuckerberg’s August 16, 2016 interview with Sam Altman, “How to Build the Future,” can be viewed on YouTube. 15. he spent most of his time working on an idea: Stephen Levy, “Inside Mark Zuckerberg’s Lost Notebook,” Wired, February 12, 2020. 16. Zuckerberg imagined a personalized hierarchy of “interesting-ness”: Steven Levy, Facebook: The Inside Story (New York: Blue Rider Press, 2020). 17.


pages: 335 words: 97,468

Uncharted: How to Map the Future by Margaret Heffernan

"World Economic Forum" Davos, 23andMe, Affordable Care Act / Obamacare, Airbnb, Alan Greenspan, Anne Wojcicki, anti-communist, Atul Gawande, autonomous vehicles, banking crisis, Berlin Wall, Boris Johnson, Brexit referendum, chief data officer, Chris Urmson, clean water, complexity theory, conceptual framework, cosmic microwave background, creative destruction, CRISPR, crowdsourcing, data science, David Attenborough, discovery of penicillin, driverless car, epigenetics, Fall of the Berlin Wall, fear of failure, George Santayana, gig economy, Google Glasses, Greta Thunberg, Higgs boson, index card, Internet of things, Jaron Lanier, job automation, Kickstarter, Large Hadron Collider, late capitalism, lateral thinking, Law of Accelerating Returns, liberation theology, mass immigration, mass incarceration, megaproject, Murray Gell-Mann, Nate Silver, obamacare, oil shale / tar sands, passive investing, pattern recognition, Peter Thiel, prediction markets, RAND corporation, Ray Kurzweil, Rosa Parks, Sam Altman, scientific management, Shoshana Zuboff, Silicon Valley, smart meter, Stephen Hawking, Steve Ballmer, Steve Jobs, surveillance capitalism, TED Talk, The Signal and the Noise by Nate Silver, Tim Cook: Apple, twin studies, University of East Anglia

I can admire the intellectual dazzle of Kurzweil’s analogies between biology, technology and the stock market; I’m just puzzled by a mind that can’t see that the stock market is already an inadequate model of economics and an even poorer one for life. Why is he, like fellow transhumanists Peter Thiel and Sam Altman, so uninterested in real problems, like the fall in life expectancy, even in rich countries like the United States? Or the immediate climate crisis that could, after all, make eternal life pretty miserable? The vision feels literally disembodied and strangely inhuman. Was it these technologists that Tim Cook had in mind when he said: ‘You cannot possibly be the greatest cause on the earth, because you aren’t built to last’?


pages: 309 words: 96,168

Masters of Scale: Surprising Truths From the World's Most Successful Entrepreneurs by Reid Hoffman, June Cohen, Deron Triff

"Susan Fowler" uber, 23andMe, 3D printing, Airbnb, Anne Wojcicki, Ben Horowitz, bitcoin, Blitzscaling, Broken windows theory, Burning Man, call centre, chief data officer, clean water, collaborative consumption, COVID-19, crowdsourcing, data science, desegregation, do well by doing good, Elon Musk, financial independence, fulfillment center, gender pay gap, global macro, growth hacking, hockey-stick growth, Internet of things, knowledge economy, late fees, Lean Startup, lone genius, Marc Benioff, Mark Zuckerberg, minimum viable product, move fast and break things, Network effects, Paul Graham, Peter Thiel, polynesian navigation, race to the bottom, remote working, RFID, Ronald Reagan, Rubik’s Cube, Ruby on Rails, Salesforce, Sam Altman, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, social distancing, Steve Jobs, Susan Wojcicki, TaskRabbit, TechCrunch disrupt, TED Talk, the long tail, the scientific method, Tim Cook: Apple, Travis Kalanick, two and twenty, work culture , Y Combinator, zero day, Zipcar

By this line of thinking, the subtle details of a product or customer experience matter less than just finding some way to make a splash and get on the radar. Handcrafting? Most MBA students will tell you, “That doesn’t scale.” But ignoring those details won’t work—not in the long run, says Y Combinator’s president from 2014 to 2019, Sam Altman. An acolyte of Paul Graham’s, Sam adhered to the core Y Combinator dictum: It’s better to have one hundred users who love you than a million users who just kind of like you. It’s counterintuitive. You may be thinking If a million people “kind of like” my product enough to buy it, isn’t that better for business than a hundred obsessive oddballs?


Forward: Notes on the Future of Our Democracy by Andrew Yang

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, Affordable Care Act / Obamacare, Amazon Web Services, American Society of Civil Engineers: Report Card, basic income, benefit corporation, Bernie Sanders, blockchain, blue-collar work, call centre, centre right, clean water, contact tracing, coronavirus, correlation does not imply causation, COVID-19, data is the new oil, data science, deepfake, disinformation, Donald Trump, facts on the ground, fake news, forensic accounting, future of work, George Floyd, gig economy, global pandemic, income inequality, independent contractor, Jaron Lanier, Jeff Bezos, job automation, Kevin Roose, labor-force participation, Marc Benioff, Mark Zuckerberg, medical bankruptcy, new economy, obamacare, opioid epidemic / opioid crisis, pez dispenser, QAnon, recommendation engine, risk tolerance, rolodex, Ronald Reagan, Rutger Bregman, Sam Altman, Saturday Night Live, shareholder value, Shoshana Zuboff, Silicon Valley, Simon Kuznets, single-payer health, Snapchat, social distancing, SoftBank, surveillance capitalism, systematic bias, tech billionaire, TED Talk, The Day the Music Died, the long tail, TikTok, universal basic income, winner-take-all economy, working poor

I owe a massive intellectual debt in this book to Ezra Klein, Katherine Gehl, Michael Porter, and Lawrence Lessig, whose work I reference heavily. Thank you to Roger McNamee, Tristan Harris, Jim Steyer, Jaron Lanier, Enoch Liang, Mark Mao, Shoshana Zuboff, and Alastair Mactaggart for being voices of conscience in technology and data and steering my thinking. Thank you to Sam Altman, Rutger Bregman, Annie Lowrey, Andy Stern, Scott Santens, Gisele Huff, Michael Tubbs, and everyone else who has been leading us to universal basic income. Thank you to everyone who has supported Humanity Forward and its vision of an economy that works for people, including Albert Wenger, Susan Danziger, Daniel Negreanu, J.


pages: 827 words: 239,762

The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite by Duff McDonald

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, Albert Einstein, Apollo 13, barriers to entry, Bayesian statistics, Bear Stearns, Bernie Madoff, Bob Noyce, Bonfire of the Vanities, business cycle, business process, butterfly effect, capital asset pricing model, Capital in the Twenty-First Century by Thomas Piketty, Carl Icahn, Clayton Christensen, cloud computing, collateralized debt obligation, collective bargaining, commoditize, compensation consultant, corporate governance, corporate raider, corporate social responsibility, creative destruction, deskilling, discounted cash flows, disintermediation, disruptive innovation, Donald Trump, eat what you kill, Fairchild Semiconductor, family office, financial engineering, financial innovation, Frederick Winslow Taylor, full employment, George Gilder, glass ceiling, Glass-Steagall Act, global pandemic, Gordon Gekko, hiring and firing, Ida Tarbell, impact investing, income inequality, invisible hand, Jeff Bezos, job-hopping, John von Neumann, Joseph Schumpeter, junk bonds, Kenneth Arrow, Kickstarter, Kōnosuke Matsushita, London Whale, Long Term Capital Management, market fundamentalism, Menlo Park, Michael Milken, new economy, obamacare, oil shock, pattern recognition, performance metric, Pershing Square Capital Management, Peter Thiel, planned obsolescence, plutocrats, profit maximization, profit motive, pushing on a string, Ralph Nader, Ralph Waldo Emerson, RAND corporation, random walk, rent-seeking, Ronald Coase, Ronald Reagan, Sam Altman, Sand Hill Road, Saturday Night Live, scientific management, shareholder value, Sheryl Sandberg, Silicon Valley, Skype, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, Steve Jurvetson, survivorship bias, TED Talk, The Nature of the Firm, the scientific method, Thorstein Veblen, Tragedy of the Commons, union organizing, urban renewal, vertical integration, Vilfredo Pareto, War on Poverty, William Shockley: the traitorous eight, women in the workforce, Y Combinator

Of those who were self-employed, too, there’s a good bet that many were one-man consulting shops. “The one area where they excel at starting their own firms is in the field of management consultancy,” say the authors of Gravy Training: Inside the Business of Business Schools, “and the value such firms add to the economy is debatable.”25 Thirty years later, Sam Altman, the president of Y Combinator, told the School’s 2014 Cyberposium that MBAs mistake starting a company for the next resume item and that their education trained them for running a business, not for starting one.26 That same year, at a conference organized by HBS’s venture capital and private equity club, startup investor Chamath Palihapitiya made the absurd claim that “I would bet a large amount of money that the overwhelming majority of [venture capitalists] would not look favorably on a company started by one of you.”27 Palihapitiya would lose that bet.

., p. 295. 23Philip Delves Broughton, Ahead of the Curve: Two Years at Harvard Business School (New York: Penguin Press, 2008), p. 178. 24George Gilder, The Spirit of Enterprise (New York: Simon & Schuster, 1985), p. 147. 25Stuart Crainer and Des Dearlove, Gravy Training: Inside the Business of Business Schools (San Francisco: Jossey-Bass, 1999), p. 27. 26Patrick Daniel, “Sam Altman: Founders Need Passion—Which MBAs Lack,” Harbus, November 24, 2014. 27William Alden, “Tech Investor to Entrepreneurs: A Harvard Degree Is a Liability,” New York Times, DealBook, February 10, 2014. 28“What Is This Palo Alto VC Smoking?,” LinkedIn Pulse, February 12, 2014. 29http://www.alternet.org/election-2012/breaking-update-court-unseals-potentially-devastating-testimony-romney-said-stocks. 30http://www.hbs.edu/faculty/Pages/item.aspx?


pages: 468 words: 233,091

Founders at Work: Stories of Startups' Early Days by Jessica Livingston

"World Economic Forum" Davos, 8-hour work day, Aaron Swartz, affirmative action, AltaVista, Apple II, Apple Newton, Bear Stearns, Boeing 747, Brewster Kahle, business cycle, business process, Byte Shop, Compatible Time-Sharing System, Danny Hillis, David Heinemeier Hansson, digital rights, don't be evil, eat what you kill, fake news, fear of failure, financial independence, Firefox, full text search, game design, General Magic , Googley, Hacker News, HyperCard, illegal immigration, Internet Archive, Jeff Bezos, Joi Ito, Justin.tv, Larry Wall, Maui Hawaii, Max Levchin, Menlo Park, Mitch Kapor, Multics, nuclear winter, PalmPilot, Paul Buchheit, Paul Graham, Peter Thiel, proprietary trading, Richard Feynman, Robert Metcalfe, Ruby on Rails, Sam Altman, Sand Hill Road, side project, Silicon Valley, slashdot, social software, software patent, South of Market, San Francisco, Startup school, stealth mode startup, Steve Ballmer, Steve Jobs, Steve Jurvetson, Steve Wozniak, The Soul of a New Machine, web application, Y Combinator

I’d like to thank many people for their willingness to make introductions: Jim Baum, Patrick Chung, Mark Coker, Jay Corscadden, Rael Dornfest, Jed Dorsheimer, Randy Farmer, Steve Frankel, Anand Gohel, Laurie Glass, James Hong, Mitch Kapor, Morgan Ley, Mike Palmer, Tom Palmer, Bryan Pearce, Andrew Pojani, Will Price, Ryan Singel, Langley Steinert, Chris Sacca, and Zak Stone. Thanks to Kate Courteau for creating cozy offices for me to work in; Lesley Hathaway for all her advice and support; Alaina and David Sloo for their many introductions; and Sam Altman, Paul Buchheit, Lynn Harris, Marc Hedlund, and Aaron Swartz, who read early chapters of the book. I owe thanks to Lisa Abdalla, Michele Baer, Jen Barron, Ingrid Bassett, Jamie Cahill, Jessica Catino, Alicia Collins, Caitlin Crowe, Julie Ellenbogen, John Gregg, Chrissy Hathaway, Katie Helmer, Susan Livingston, Nadine Miller, Sara Morrison, Bridget O’Brien, Becky Osborne, Allison Pellegrino, Jennifer Stevens, and Suzanne Woodard for their encouragement.

I thought, “These are the kind of people I want to fund—people who would get off the train and go back and make it happen.” So we wound up funding eight companies that summer. Jessica Livingston 449 Do you remember anyone else in that first batch? Livingston: Looking back, it was an amazing group that we had. Sam Altman of Loopt was in that batch. There’s actually a funny story about him, too. He had submitted an application and at the time he’d been working with a few other people, but he was the only one who could come to Cambridge that summer. So Sam emailed us saying he was the only one who could come and Paul wrote back to him, saying, “You know, Sam, you’re only a freshman.


pages: 406 words: 105,602

The Startup Way: Making Entrepreneurship a Fundamental Discipline of Every Enterprise by Eric Ries

activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, Airbnb, AOL-Time Warner, autonomous vehicles, barriers to entry, basic income, Ben Horowitz, billion-dollar mistake, Black-Scholes formula, Blitzscaling, call centre, centralized clearinghouse, Clayton Christensen, cognitive dissonance, connected car, corporate governance, DevOps, Elon Musk, en.wikipedia.org, fault tolerance, financial engineering, Frederick Winslow Taylor, global supply chain, Great Leap Forward, hockey-stick growth, index card, Jeff Bezos, Kickstarter, Lean Startup, loss aversion, machine readable, Marc Andreessen, Mark Zuckerberg, means of production, minimum viable product, moral hazard, move fast and break things, obamacare, PalmPilot, peer-to-peer, place-making, rent-seeking, Richard Florida, Sam Altman, Sand Hill Road, scientific management, secular stagnation, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, six sigma, skunkworks, Steve Jobs, TechCrunch disrupt, the scientific method, time value of money, Toyota Production System, two-pizza team, Uber for X, universal basic income, web of trust, Y Combinator

At the start of 2017, the government selected roughly two thousand unemployed workers from fields ranging from technology to construction and enrolled them in a pilot UBI program to see what will happen.21 Y Combinator is also running an experiment with basic income, having selected one hundred families in Oakland, California, who will receive $1,000 to $2,000 a month as part of a five-year program designed to look at how ready money affects people’s “happiness, well-being, financial health, as well as how people spend their time.” The data and research methods will be shared at the project’s end so others can learn from and build on the experiment, which is testing the idea, as Y Combinator president Sam Altman says, that a basic income could “give people the freedom to pursue further education or training, find or create a better job, and plan for the future.”22 In France, an experiment that allowed people to keep their unemployment benefits while starting a new business saw an increase of 25 percent per month in the creation of new companies.23 And the Dutch and Canadians aren’t far behind—both countries also launched experiments in 2017.24 REGULATORY RELIEF FOR STARTUPS “Sliding Scale” Regulations Regulation can destroy startups without even meaning to.


pages: 419 words: 109,241

A World Without Work: Technology, Automation, and How We Should Respond by Daniel Susskind

"World Economic Forum" Davos, 3D printing, agricultural Revolution, AI winter, Airbnb, Albert Einstein, algorithmic trading, AlphaGo, artificial general intelligence, autonomous vehicles, basic income, Bertrand Russell: In Praise of Idleness, Big Tech, blue-collar work, Boston Dynamics, British Empire, Capital in the Twenty-First Century by Thomas Piketty, cloud computing, computer age, computer vision, computerized trading, creative destruction, David Graeber, David Ricardo: comparative advantage, deep learning, DeepMind, Demis Hassabis, demographic transition, deskilling, disruptive innovation, Donald Trump, Douglas Hofstadter, driverless car, drone strike, Edward Glaeser, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, financial innovation, flying shuttle, Ford Model T, fulfillment center, future of work, gig economy, Gini coefficient, Google Glasses, Gödel, Escher, Bach, Hans Moravec, income inequality, income per capita, industrial robot, interchangeable parts, invisible hand, Isaac Newton, Jacques de Vaucanson, James Hargreaves, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John von Neumann, Joi Ito, Joseph Schumpeter, Kenneth Arrow, Kevin Roose, Khan Academy, Kickstarter, Larry Ellison, low skilled workers, lump of labour, machine translation, Marc Andreessen, Mark Zuckerberg, means of production, Metcalfe’s law, natural language processing, Neil Armstrong, Network effects, Nick Bostrom, Occupy movement, offshore financial centre, Paul Samuelson, Peter Thiel, pink-collar, precariat, purchasing power parity, Ray Kurzweil, ride hailing / ride sharing, road to serfdom, Robert Gordon, Sam Altman, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Snapchat, social intelligence, software is eating the world, sovereign wealth fund, spinning jenny, Stephen Hawking, Steve Jobs, strong AI, tacit knowledge, technological solutionism, TED Talk, telemarketer, The Future of Employment, The Rise and Fall of American Growth, the scientific method, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, Travis Kalanick, Turing test, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, upwardly mobile, warehouse robotics, Watson beat the top human players on Jeopardy!, We are the 99%, wealth creators, working poor, working-age population, Y Combinator

While those in work rail against the unemployed, those without work also feel aggrieved toward those with it. This, in part, explains the curious reaction to Silicon Valley’s recent enthusiasm about the UBI. Mark Zuckerberg and Elon Musk have made supportive noises about the idea of a UBI; Pierre Omidyar, founder of eBay, and Sam Altman, founder of Y Combinator, have funded trials of it in Kenya and the United States.14 But their interest has been met with widespread hostility. If work were simply a means to an income, that response might seem odd: these entrepreneurs were essentially proposing that people like them should do all the hard work and give everyone else money for free.


pages: 424 words: 114,905

Deep Medicine: How Artificial Intelligence Can Make Healthcare Human Again by Eric Topol

"World Economic Forum" Davos, 23andMe, Affordable Care Act / Obamacare, AI winter, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic bias, AlphaGo, Apollo 11, artificial general intelligence, augmented reality, autism spectrum disorder, autonomous vehicles, backpropagation, Big Tech, bioinformatics, blockchain, Cambridge Analytica, cloud computing, cognitive bias, Colonization of Mars, computer age, computer vision, Computing Machinery and Intelligence, conceptual framework, creative destruction, CRISPR, crowdsourcing, Daniel Kahneman / Amos Tversky, dark matter, data science, David Brooks, deep learning, DeepMind, Demis Hassabis, digital twin, driverless car, Elon Musk, en.wikipedia.org, epigenetics, Erik Brynjolfsson, fake news, fault tolerance, gamification, general purpose technology, Geoffrey Hinton, George Santayana, Google Glasses, ImageNet competition, Jeff Bezos, job automation, job satisfaction, Joi Ito, machine translation, Mark Zuckerberg, medical residency, meta-analysis, microbiome, move 37, natural language processing, new economy, Nicholas Carr, Nick Bostrom, nudge unit, OpenAI, opioid epidemic / opioid crisis, pattern recognition, performance metric, personalized medicine, phenotype, placebo effect, post-truth, randomized controlled trial, recommendation engine, Rubik’s Cube, Sam Altman, self-driving car, Silicon Valley, Skinner box, speech recognition, Stephen Hawking, techlash, TED Talk, text mining, the scientific method, Tim Cook: Apple, traumatic brain injury, trolley problem, War on Poverty, Watson beat the top human players on Jeopardy!, working-age population

Ng said, “Fearing a rise of killer robots is like worrying about overpopulation on Mars before we populate it,”79 whereas Musk has said that the potential rise of killer robots was one reason we needed to colonize Mars—so that we’ll have a bolt-hole if AI goes rogue and turns on humanity.80 Musk’s deep concerns prompted him and Sam Altman to found a billion-dollar nonprofit institute called OpenAI with the aim of working for safer AI. In addition, he gave $10 million to the Future of Life Institute, in part to construct worst-case scenarios so that they can be anticipated and avoided.81 Max Tegmark, the MIT physicist who directs that institute, convened an international group of AI experts to forecast when we might see artificial general intelligence.


System Error by Rob Reich

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, Aaron Swartz, AI winter, Airbnb, airport security, Alan Greenspan, Albert Einstein, algorithmic bias, AlphaGo, AltaVista, artificial general intelligence, Automated Insights, autonomous vehicles, basic income, Ben Horowitz, Berlin Wall, Bernie Madoff, Big Tech, bitcoin, Blitzscaling, Cambridge Analytica, Cass Sunstein, clean water, cloud computing, computer vision, contact tracing, contact tracing app, coronavirus, corporate governance, COVID-19, creative destruction, CRISPR, crowdsourcing, data is the new oil, data science, decentralized internet, deep learning, deepfake, DeepMind, deplatforming, digital rights, disinformation, disruptive innovation, Donald Knuth, Donald Trump, driverless car, dual-use technology, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, Fairchild Semiconductor, fake news, Fall of the Berlin Wall, Filter Bubble, financial engineering, financial innovation, fulfillment center, future of work, gentrification, Geoffrey Hinton, George Floyd, gig economy, Goodhart's law, GPT-3, Hacker News, hockey-stick growth, income inequality, independent contractor, informal economy, information security, Jaron Lanier, Jeff Bezos, Jim Simons, jimmy wales, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Perry Barlow, Lean Startup, linear programming, Lyft, Marc Andreessen, Mark Zuckerberg, meta-analysis, minimum wage unemployment, Monkeys Reject Unequal Pay, move fast and break things, Myron Scholes, Network effects, Nick Bostrom, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, NP-complete, Oculus Rift, OpenAI, Panopticon Jeremy Bentham, Parler "social media", pattern recognition, personalized medicine, Peter Thiel, Philippa Foot, premature optimization, profit motive, quantitative hedge fund, race to the bottom, randomized controlled trial, recommendation engine, Renaissance Technologies, Richard Thaler, ride hailing / ride sharing, Ronald Reagan, Sam Altman, Sand Hill Road, scientific management, self-driving car, shareholder value, Sheryl Sandberg, Shoshana Zuboff, side project, Silicon Valley, Snapchat, social distancing, Social Responsibility of Business Is to Increase Its Profits, software is eating the world, spectrum auction, speech recognition, stem cell, Steve Jobs, Steven Levy, strong AI, superintelligent machines, surveillance capitalism, Susan Wojcicki, tech billionaire, tech worker, techlash, technoutopianism, Telecommunications Act of 1996, telemarketer, The Future of Employment, TikTok, Tim Cook: Apple, traveling salesman, Triangle Shirtwaist Factory, trolley problem, Turing test, two-sided market, Uber and Lyft, uber lyft, ultimatum game, union organizing, universal basic income, washing machines reduced drudgery, Watson beat the top human players on Jeopardy!, When a measure becomes a target, winner-take-all economy, Y Combinator, you are the product

“Due to our concerns about malicious applications of the technology,” the OpenAI team wrote, “we are not releasing the trained model. As an experiment in responsible disclosure, we are instead releasing a much smaller model for researchers to experiment with, as well as a technical paper.” OpenAI was created in 2015 as a nonprofit organization funded by wealthy technologists, including Elon Musk, Peter Thiel, Sam Altman, and Reid Hoffman, who were concerned with charting a path toward safe artificial general intelligence. With a social rather than profit-making mission, the team worried that the powerful tool it created could easily be put to illicit or even nefarious use producing fake text analogous to deep-fake images and videos.


pages: 428 words: 121,717

Warnings by Richard A. Clarke

"Hurricane Katrina" Superdome, active measures, Albert Einstein, algorithmic trading, anti-communist, artificial general intelligence, Asilomar, Asilomar Conference on Recombinant DNA, Bear Stearns, behavioural economics, Bernie Madoff, Black Monday: stock market crash in 1987, carbon tax, cognitive bias, collateralized debt obligation, complexity theory, corporate governance, CRISPR, cuban missile crisis, data acquisition, deep learning, DeepMind, discovery of penicillin, double helix, Elon Musk, failed state, financial thriller, fixed income, Flash crash, forensic accounting, friendly AI, Hacker News, Intergovernmental Panel on Climate Change (IPCC), Internet of things, James Watt: steam engine, Jeff Bezos, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Maui Hawaii, megacity, Mikhail Gorbachev, money market fund, mouse model, Nate Silver, new economy, Nicholas Carr, Nick Bostrom, nuclear winter, OpenAI, pattern recognition, personalized medicine, phenotype, Ponzi scheme, Ray Kurzweil, Recombinant DNA, Richard Feynman, Richard Feynman: Challenger O-ring, risk tolerance, Ronald Reagan, Sam Altman, Search for Extraterrestrial Intelligence, self-driving car, Silicon Valley, smart grid, statistical model, Stephen Hawking, Stuxnet, subprime mortgage crisis, tacit knowledge, technological singularity, The Future of Employment, the scientific method, The Signal and the Noise by Nate Silver, Tunguska event, uranium enrichment, Vernor Vinge, WarGames: Global Thermonuclear War, Watson beat the top human players on Jeopardy!, women in the workforce, Y2K

DARPA (the Defense Advanced Research Projects Agency), whose mission is to ensure that the U.S. military is “the initiator and not the victim of strategic technological surprises,”19 launched a program for “explainable AI.” “Machine learning and deep learning algorithms . . . we don’t fully understand today how they work.” The new explainable-AI initiative “will give the human operator more details about how the machine used deep learning to come up with the answer.”20 In 2015, business tycoons Elon Musk and Sam Altman created the OpenAI Institute, a nonprofit company that focuses on researching AI. Musk and Altman believe that by making all of OpenAI’s findings open-source and funding it by private donations, eliminating the need for financial return, they can ensure that AI will be developed for the benefit of all people, not for self-interested or destructive aims.


pages: 521 words: 118,183

The Wires of War: Technology and the Global Struggle for Power by Jacob Helberg

"World Economic Forum" Davos, 2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, active measures, Affordable Care Act / Obamacare, air gap, Airbnb, algorithmic management, augmented reality, autonomous vehicles, Berlin Wall, Bernie Sanders, Big Tech, bike sharing, Black Lives Matter, blockchain, Boris Johnson, Brexit referendum, cable laying ship, call centre, Cambridge Analytica, Cass Sunstein, cloud computing, coronavirus, COVID-19, creative destruction, crisis actor, data is the new oil, data science, decentralized internet, deep learning, deepfake, deglobalization, deindustrialization, Deng Xiaoping, deplatforming, digital nomad, disinformation, don't be evil, Donald Trump, dual-use technology, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, fail fast, fake news, Filter Bubble, Francis Fukuyama: the end of history, geopolitical risk, glass ceiling, global pandemic, global supply chain, Google bus, Google Chrome, GPT-3, green new deal, information security, Internet of things, Jeff Bezos, Jeffrey Epstein, John Markoff, John Perry Barlow, knowledge economy, Larry Ellison, lockdown, Loma Prieta earthquake, low earth orbit, low skilled workers, Lyft, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Mikhail Gorbachev, military-industrial complex, Mohammed Bouazizi, move fast and break things, Nate Silver, natural language processing, Network effects, new economy, one-China policy, open economy, OpenAI, Parler "social media", Peter Thiel, QAnon, QR code, race to the bottom, Ralph Nader, RAND corporation, reshoring, ride hailing / ride sharing, Ronald Reagan, Russian election interference, Salesforce, Sam Altman, satellite internet, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, smart grid, SoftBank, Solyndra, South China Sea, SpaceX Starlink, Steve Jobs, Steven Levy, Stuxnet, supply-chain attack, Susan Wojcicki, tech worker, techlash, technoutopianism, TikTok, Tim Cook: Apple, trade route, TSMC, Twitter Arab Spring, uber lyft, undersea cable, Unsafe at Any Speed, Valery Gerasimov, vertical integration, Wargames Reagan, Westphalian system, white picket fence, WikiLeaks, Y Combinator, zero-sum game

I owe a great deal of gratitude to my friends and former colleagues at Google that have enriched, challenged, and expanded my thinking on technology policy issues over the years: David Graff, Reese Pecot, Paul Haahr, Ian Goodfellow, Lavanya Mahendran, Vijay Padmanabhan, Beth Tsai, Michelle Chang, David Price, Erin Simon, Richard Gingras, Paul Shaw, Clement Wolf, Lara Levin, Maggie Shiels, Sean Casey, Jeff Lazarus, Jen Granito, Andrew Trabulsi, Peter Burke, Ardan Arac, Dan Cary, and Robin Dua. I have also benefited from many conversations with friends across the tech industry: Sam Altman, Peter Thiel, Jason Calacanis, David Sacks, Michael Solona, Erik Torenberg, Delian Asparouhov, Alex MacCaw, Joshua Buckley, Clara Tsao, and Nick Lovrien. I want to thank my current and former colleagues from Brookings, Stanford, and CSIS, whose work have directly and indirectly helped shape many of the concepts in this book (and revisit many others): Tarun Chhabra, Rush Doshi, Tanvi Madan, Michael McFaul, Andrew Grotto, Alex Stamos, Renee DiResta, Eileen Donahoe, Daphne Keller, and Jim Lewis.


pages: 451 words: 125,201

What We Owe the Future: A Million-Year View by William MacAskill

Ada Lovelace, agricultural Revolution, Albert Einstein, Alignment Problem, AlphaGo, artificial general intelligence, Bartolomé de las Casas, Bletchley Park, British Empire, Brownian motion, carbon footprint, carbon tax, charter city, clean tech, coronavirus, COVID-19, cuban missile crisis, decarbonisation, deep learning, DeepMind, Deng Xiaoping, different worldview, effective altruism, endogenous growth, European colonialism, experimental subject, feminist movement, framing effect, friendly AI, global pandemic, GPT-3, hedonic treadmill, Higgs boson, income inequality, income per capita, Indoor air pollution, Intergovernmental Panel on Climate Change (IPCC), Isaac Newton, Islamic Golden Age, iterative process, Jeff Bezos, job satisfaction, lab leak, Lao Tzu, Large Hadron Collider, life extension, lockdown, long peace, low skilled workers, machine translation, Mars Rover, negative emissions, Nick Bostrom, nuclear winter, OpenAI, Peter Singer: altruism, Peter Thiel, QWERTY keyboard, Robert Gordon, Rutger Bregman, Sam Altman, seminal paper, Shenzhen special economic zone , Shenzhen was a fishing village, Silicon Valley, special economic zone, speech recognition, Stanislav Petrov, stem cell, Steven Pinker, strong AI, synthetic biology, total factor productivity, transatlantic slave trade, Tyler Cowen, William MacAskill, women in the workforce, working-age population, World Values Survey, Y Combinator

Whole-body cryopreservation with the Alcor Life Extension Foundation costs $220,000; it costs less than half that if one merely preserves one’s head.76 Some entrepreneurs hope to abandon meat-based bodies altogether and live on in digital form through computer emulation of their brains. Nectome, a Y Combinator–funded start-up that preserves brains with the hope that future generations will scan and upload them, counts Silicon Valley entrepreneur Sam Altman as a customer. Nectome’s founder, Robert McIntyre, describes the service as “100% fatal.”77 If the aim of locking in values and the desire for immortality have been so common throughout history, then we should expect many people to have those aspirations in the future, too. AGI could allow them to become reality.


pages: 586 words: 186,548

Architects of Intelligence by Martin Ford

3D printing, agricultural Revolution, AI winter, algorithmic bias, Alignment Problem, AlphaGo, Apple II, artificial general intelligence, Asilomar, augmented reality, autonomous vehicles, backpropagation, barriers to entry, basic income, Baxter: Rethink Robotics, Bayesian statistics, Big Tech, bitcoin, Boeing 747, Boston Dynamics, business intelligence, business process, call centre, Cambridge Analytica, cloud computing, cognitive bias, Colonization of Mars, computer vision, Computing Machinery and Intelligence, correlation does not imply causation, CRISPR, crowdsourcing, DARPA: Urban Challenge, data science, deep learning, DeepMind, Demis Hassabis, deskilling, disruptive innovation, Donald Trump, Douglas Hofstadter, driverless car, Elon Musk, Erik Brynjolfsson, Ernest Rutherford, fake news, Fellow of the Royal Society, Flash crash, future of work, general purpose technology, Geoffrey Hinton, gig economy, Google X / Alphabet X, Gödel, Escher, Bach, Hans Moravec, Hans Rosling, hype cycle, ImageNet competition, income inequality, industrial research laboratory, industrial robot, information retrieval, job automation, John von Neumann, Large Hadron Collider, Law of Accelerating Returns, life extension, Loebner Prize, machine translation, Mark Zuckerberg, Mars Rover, means of production, Mitch Kapor, Mustafa Suleyman, natural language processing, new economy, Nick Bostrom, OpenAI, opioid epidemic / opioid crisis, optical character recognition, paperclip maximiser, pattern recognition, phenotype, Productivity paradox, radical life extension, Ray Kurzweil, recommendation engine, Robert Gordon, Rodney Brooks, Sam Altman, self-driving car, seminal paper, sensor fusion, sentiment analysis, Silicon Valley, smart cities, social intelligence, sparse data, speech recognition, statistical model, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Pinker, strong AI, superintelligent machines, synthetic biology, systems thinking, Ted Kaczynski, TED Talk, The Rise and Fall of American Growth, theory of mind, Thomas Bayes, Travis Kalanick, Turing test, universal basic income, Wall-E, Watson beat the top human players on Jeopardy!, women in the workforce, working-age population, workplace surveillance , zero-sum game, Zipcar

The silver lining of all this is that groups and entities are emerging and starting to work on many of these challenges. A great example is the Partnership on AI. If you look at the agenda for the Partnership, you’ll see a lot of these questions are being examined, about bias, about safety, and about these kinds of existential threat questions. Another great example is the work that Sam Altman, Jack Clarke and others at OpenAI are doing, which aims to make sure all of society benefits from AI. Right now, the entities and groups that are making the most progress on these questions have tended to be places that have been able to attract the AI superstars, which, even in 2018, tends to be a relatively small group.


pages: 706 words: 202,591

Facebook: The Inside Story by Steven Levy

active measures, Airbnb, Airbus A320, Amazon Mechanical Turk, AOL-Time Warner, Apple's 1984 Super Bowl advert, augmented reality, Ben Horowitz, Benchmark Capital, Big Tech, Black Lives Matter, Blitzscaling, blockchain, Burning Man, business intelligence, Cambridge Analytica, cloud computing, company town, computer vision, crowdsourcing, cryptocurrency, data science, deep learning, disinformation, don't be evil, Donald Trump, Dunbar number, East Village, Edward Snowden, El Camino Real, Elon Musk, end-to-end encryption, fake news, Firefox, Frank Gehry, Geoffrey Hinton, glass ceiling, GPS: selective availability, growth hacking, imposter syndrome, indoor plumbing, information security, Jeff Bezos, John Markoff, Jony Ive, Kevin Kelly, Kickstarter, lock screen, Lyft, machine translation, Mahatma Gandhi, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Max Levchin, Menlo Park, Metcalfe’s law, MITM: man-in-the-middle, move fast and break things, natural language processing, Network effects, Oculus Rift, operational security, PageRank, Paul Buchheit, paypal mafia, Peter Thiel, pets.com, post-work, Ray Kurzweil, recommendation engine, Robert Mercer, Robert Metcalfe, rolodex, Russian election interference, Salesforce, Sam Altman, Sand Hill Road, self-driving car, sexual politics, Sheryl Sandberg, Shoshana Zuboff, side project, Silicon Valley, Silicon Valley startup, skeuomorphism, slashdot, Snapchat, social contagion, social graph, social software, South of Market, San Francisco, Startup school, Steve Ballmer, Steve Bannon, Steve Jobs, Steven Levy, Steven Pinker, surveillance capitalism, tech billionaire, techlash, Tim Cook: Apple, Tragedy of the Commons, web application, WeWork, WikiLeaks, women in the workforce, Y Combinator, Y2K, you are the product

postmortem podcast: “Friendster 1: The Rise,” Startup, April 21, 2017. Buddy Zoo: “AIM Meets Social Network Theory,” Slashdot, April 14, 2003. Chris Hughes: In addition to personal interview, Hughes tells his own story in Fair Shot: Rethinking Inequality and How We Learn (St. Martin’s Press, 2018). “People would just spend hours”: Interview with Sam Altman, Y Combinator, “Mark Zuckerberg: How to Build the Future,” August 16, Zuckerberg Transcripts, 171. steam coming from the suite’s bathroom: Interview with Y Combinator, “Mark Zuckerberg at Startup School 2013,” October 25, 2013, Zuckerberg Transcripts, 160. his first notice: S. F. Brickman, “Not So Artificial Intelligence,” Harvard Crimson, October 23, 2003.