Every time there is a promising new technology, rational thought goes out the window and businesses absolutely positively have to include this technology in their products whether that makes any sense or not. My prime example is blockchain technology. Blockchain technology is a great invention with many important use cases that will improve many things. Just think of international trade where smart contracts can track deliveries and fulfillment, including payment, without the need for a trusted party even in highly corrupt countries. But one thing blockchain technology is not useful for is money. People try to convince us that blockchain money like Bitcoin will replace our current forms of money because it is anonymous, safe, and a story of value.
Review of a new book on how VCs create bs startups:
A brilliant book about how the tech industry solves fake problems, hoards idle workers, and makes doomed bets with other people’s money. Those doomed bets often come from outsiders proposing bad ideas for an industry in which they have no knowledge. Emmanuel Maggiori says: “I’ve met many millionaires, and most of them made their millions by solving a boring problem in an industry they knew well.”
“Of the 1,623 startups that exhibited at Collision this year—the highest number of any Collision event—20% are building AI products,” and “that doesn’t include a large proportion of hashtag#startups that now have “AI components” in their business.”
When the hype reaches toothbrushes and pillows, we have nowhere to run. I will stick with my regular electronic brush and pillow.
Hype is getting ahead of reality!
The actual use cases of AI will come, but we have to overcome the hype first. However, there is a good chance that we will create distrust about AI in people when things do not work, as some companies have already done with Rabbit r1 and Humane AI devices.
"Brother, Can You Spare Two Dimes?" is the twenty-fourth and final episode of the third season of the American animated television series The Simpsons.
In the episode, Homer is awarded US$2,000 in compensation after radiation from the Springfield Nuclear Power Plant causes him to become sterile. Homer's half-brother, Herb, now poor and homeless, hatches a plan to regain his wealth. Homer loans him $2,000 to develop a new product that translates baby babbling into speech that parents can understand. Herb's invention is hugely successful, allowing him to regain his fortune.
Joachim I think you need to refer to yourself as British from now on. You have lived here long enough to develop a strong core of British scepticism 😁
I even have British citizenship. But you can take a German out of Germany, but you can't take Germany out of the German...
A peculiar people. Creating Romanticism (the philosophical equivalent of being underneath a large oak tree) as the rest went for the Enlightenment.
And importing Rudi Carrell to be happy...
We were happy to outsource him though. An early neoliberal expression of a trading nation i guess
Thanks for nothing on the Rudi Carrell front...
You think this NL export, not dissimilar to the wasserbombe, crowded out more talented Germans?
"Or how about a pillow linked to an app that uses sensors and AI to wake you up when you start snoring? It’s yours for $1,000."
Yeah, this is definitely overpriced hype. I already have somebody who does this for me (although a little less grumbling would be welcome).
Real AI would wake me up before I start snoring.
Review of a new book on how VCs create bs startups:
A brilliant book about how the tech industry solves fake problems, hoards idle workers, and makes doomed bets with other people’s money. Those doomed bets often come from outsiders proposing bad ideas for an industry in which they have no knowledge. Emmanuel Maggiori says: “I’ve met many millionaires, and most of them made their millions by solving a boring problem in an industry they knew well.”
https://www.linkedin.com/posts/dr-jeffrey-funk-a979435_startups-technology-innovation-activity-7210233500703019008-WyEo/?utm_source=share&utm_medium=member_desktop
“Of the 1,623 startups that exhibited at Collision this year—the highest number of any Collision event—20% are building AI products,” and “that doesn’t include a large proportion of hashtag#startups that now have “AI components” in their business.”
https://www.linkedin.com/posts/dr-jeffrey-funk-a979435_startups-hype-startups-activity-7210594982154440704-Zh5Y/?utm_source=share&utm_medium=member_desktop
When the hype reaches toothbrushes and pillows, we have nowhere to run. I will stick with my regular electronic brush and pillow.
Hype is getting ahead of reality!
The actual use cases of AI will come, but we have to overcome the hype first. However, there is a good chance that we will create distrust about AI in people when things do not work, as some companies have already done with Rabbit r1 and Humane AI devices.
Love this article 😂
The Capella parenting app....
"Brother, Can You Spare Two Dimes?" is the twenty-fourth and final episode of the third season of the American animated television series The Simpsons.
In the episode, Homer is awarded US$2,000 in compensation after radiation from the Springfield Nuclear Power Plant causes him to become sterile. Homer's half-brother, Herb, now poor and homeless, hatches a plan to regain his wealth. Homer loans him $2,000 to develop a new product that translates baby babbling into speech that parents can understand. Herb's invention is hugely successful, allowing him to regain his fortune.
The Simpsons, man. They have predicted s many things that really happened.