Mind Matters Natural and Artificial Intelligence News and Analysis

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Software development

Publisher of Popular Electronics To Speak at COSM 2021

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

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

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

The Two Most Common Problems with Outsourced Code

And how to mitigate against them

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

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Male hand cutting banking card with scissors

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

Maybe this is something to talk to legislators about

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

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The code is on a laptop on a wooden table in front of the window  in the dark with a view of the lights of the night city, color lighting in the room, home decor

Know When to Hold ’em, Know When to Fold ’em

Taking control of the rewrite reflex

Computer programmers are a pretty predictable bunch. Every time they approach legacy code, the gut reaction is “let’s rewrite this from scratch.” The reaction is understandable for many reasons.  First of all, code written by someone else (or even yourself a long time ago) is hard to understand. Even good documentation can’t cover every detail you need to know, and there is nothing that helps you understand the problem better than writing the code yourself. Second, as time goes on, and you think about a problem, you always come up with better (or at least different) approaches. You might realize that some aspect of your code could be factored out. You might think that rearranging the code would make it…

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Young woman looking on the black board with mathematical formulas and calculations. Bright idea, way of thinking, discovery and challenge concept.

If You Fear High Tech Debates, Stay Away From COSM 2021

COSM 2021 will be held in person. You will interact with the real movers and shakers.

Recently, George Gilder and Jay Richards enjoyed a wide ranging discussion on the topics and people converging for the COSM 2021 Technology Summit: From Life After Google to Life After Capitalism. In the first portion, they discussed life after capitalism. Who can still innovate? In this portion, they talk about innovations that will make a difference: This portion starts at about 10:30 min. Here is a partial transcript and notes: George Gilder: Kai-Fu Lee will be there to talk about his new book, Ten Visions, about artificial intelligence. We hope that he can give us some ideas that are relevant to the new environment for US-China relations… But people like Kai-Fu Lee are keeping world of knowledge and wealth, then…

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door choice

What Do We Need To Know About Life After Capitalism?

At COSM 2021, a number of thinkers will discuss and debate the pressing questions

Recently, George Gilder and Jay Richards enjoyed a wide ranging discussion on the topics and people that will converge for the COSM 2021 Technology Summit: From Life After Google to Life After Capitalism. They cover the paradoxes of the future of technology. Here is a partial transcript of the first ten minutes: Jay Richards: The theme of COSM 2021 is Life After Capitalism, which is also the name of your forthcoming book. What does that mean exactly? What are you referring to, this idea of life after capitalism? George Gilder: In the last few months, literally trillions of dollars of new money has been printed. Money has been deprived of its informational content. It’s now merely an expression of government…

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Business Leadership Attributes and Features in Literature

What Does Super-Investor Peter Thiel Think You Should Read?

Some books to consider include history as well as business strategy. The two cannot be separated

Peter Thiel, whose name is practically synonymous with successful high-tech investing, will be speaking at COSM 2021. He has also offered some thoughts on books worth reading: Here are three of them, courtesy Kevin Rooke: ➤ The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz (Harper Business 2014): From Thiel: “Every management guide presumes that all great companies follow a formula. But successful startups don’t imitate; they build innovations that can’t be copied. Ben Horowitz knows no recipe guarantees success. He has written the first true guide for protecting a startup from self-sabotage.” ➤ Bloodlands: Europe Between Hitler and Stalin by Timothy Snyder (Basic Books, 2010) From Thiel: “He tells how…

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Bull figurine standing on bitcoins, concept of cryptocurrencies

Seven in 10 Institutional Investors Expect To Buy Cryptos

Mainstreaming continues, despite the detractors, with major investment players signing on

Cryptocurrencies are now estimated to be worth roughly $2 trillion and — despite pressure from regulators — demand from investors continues: In July 2021, FTX—the Antigua-based cryptocurrency derivatives exchange which offers futures, leverage tokens and OTC trading—raised $900 million from over 60 investors. This included venture capital firms Paradigm and Sequoia, hedge funds and the private equity group Thoma Bravo. It was the largest private equity deal in the crypto industry’s history, valuing the business at $18 billion—one of the largest rounds of financing for a digital assets startup. In May 2021, Block.one —the Peter Thiel, Alan Howard and Louis Bacon backed blockchain software firm—pumped $9.7 billion into a new cryptocurrency exchange subsidiary called Bullish Global. Even excluding Block.one’s capital…

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Terracotta warriors, China

China’s Data Laws Restrict Businesses and Favor the State

The Data Security Law and the Personal Information Protection Law are part of the Chinese government’s plan to steer the private sector toward State goals

In previous articles, I looked at how the Chinese government is reigning in China’s tech sector first of Jack Ma and Ant Group’s initial public offering on the Shenzhen and Hong Kong stock exchanges and then Didi Global, Inc. The Chinese government has since passed two data laws and released an update that clarifies the 2017 Cybersecurity Law. The result is better protections of citizens’ data from being used, exploited, or sold by private companies, and encroaching government presumption of the private sector in which the State has virtually unrestricted access to and jurisdiction over private companies’ data.  Clarification of the 2017 Cybersecurity Law The Cyberspace Administration of China (CAC) gained oversight powers over other state agencies in 2014 under Xi Jinping. Jane…

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Silhouette of business people work together in office. Concept of teamwork and partnership. double exposure with light effects

CFO Extraordinaire Hope Cochran to Speak at COSM 2021

CFO, mother of three, and...opera singer? Yes, surviving backstage chaos was good training for technology ventures.

Brilliant minds in technology and business will be converging in Seattle to take part in Discovery Institute’s COSM 2021 this November. Among those minds will be Hope Cochran, mother of three, CFO extraordinaire, the first female managing director of Seattle’s Madrona Venture Group, and former opera singer. Opera singer? Yes. In fact, Cochran is a classically trained vocalist. She earned a dual degree at Stanford in economics and music. At the start of her career, she would do “audit by day and opera by night” (as she told Armoire in 2019).  “…I could not imagine, not taking music lessons,” Cochran explained in a podcast released earlier this year. “And if you joined on as a major, you got to take them for free. So,…

Kai-Fu Lee

Kai-Fu Lee, Inventor of Speech Recognition, to Speak at COSM 2021

Lee is one of many technological geniuses appearing in Seattle this November

This November in Seattle, some of the most brilliant minds in technology will gather for COSM, an exclusive national summit on how technology is remaking the world as we know it. Among its many speakers will be Kai-Fu Lee, a computer scientist, businessman, and the inventor of speech recognition. Lee’s credentials are many and impressive. After his Ph.D. work at Carnegie Mellon (which produced continuous speech recognition), he has journeyed through the offices of Apple, SGI, Microsoft, and Google. In 2009, he launched Sinovation Ventures in an effort to financially support up-and-coming Chinese high-tech companies. In 2018, Lee gave a TED talk on how human beings can thrive in an era of AI. The video (posted below) is worth the…

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グローバルネットワーク デジタルコンテンツ

Peter Thiel Speaking in Person at COSM, Seattle, November 10

As a world class venture capitalist, he is known for bluntness about what works and what doesn’t

COSM 2021 is the place to be, November 10–12, to get the inside track on the converging technologies remaking the world as we know it. This year, iconic Valley venture capitalist Peter Thiel will be speaking in person, addressing the question “Is Technology Soaring or Slumping?” At the first COSM in October 2019, Peter Thiel spoke by interactive video. Not one to mince words, he told the attendees bluntly that Silicon Valley is losing its touch and compared universities today to the Catholic Church at its worst. He has a remarkable history in both areas. He has been a prime mover in PayPal, Facebook, Palantir, Airbnb, Lyft, and Elon Musk’s SpaceX. And he had intended to found a university. But,…

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Business woman using tablet with cryptocurrency bitcoin link network concept

Will Going Mainstream Spoil the Fun for Crypto?

Crypto exchange FTX.US is, for a tidy sum, naming a Berkeley sports field, with philanthropy thrown in

At least one cryptocurrency exchange seem to be settling into the accustomed round of corporate donorship that creates name recognition with the public. FTX.US, affiliated with global crypto exchange FTX, has given Cal Athletics (University of California, Berkeley) $17.3 million for the right to call the field at field at California Memorial Stadium “FTX Field” for ten years. FTX has been creating recognition with other strategic donations as well: FTX has been on a sports and e-sports sponsorship spending spree this year. In March, the exchange secured the naming rights to the home arena of NBA team Miami Heat for a reported $135 million, while in June, the exchange paid $210 million to acquire the naming rights for e-sports organization…

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Robotic handyman pliers handwrench. Fixing maintenance concept. Creative design toy with metal funnel hopper, cogs wheels gears silver metallic body. Green wall, blue floor background. Copy space

Nobody is Taking Tesla AI Seriously Anymore

Tesla's "AI Day" presented reasonable discussion until the "robot" showed up

Recently, Tesla held its “AI Day.” Tesla often creates an event which highlights some aspect of their business that they want to promote to investors, customers, or to potential employees. Tesla has had “battery day” and “autonomy day” to promote Tesla efforts on those fronts. It is an attempt to keep excitement and exposure to a maximum during seasons when there are no big product reveals. While Elon Musk is typically guilty of leading people on with extravagant (and unwarranted) claims about Tesla technology, these events have recently shown a more reserved side to Tesla’s front man. In “battery day,” he was expected to launch a million-mile battery, but instead talked mostly about getting access to the minerals needed for…

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email marketing concept, send e-mail or newsletter

Why So Many Mainstream Media Figures Really Hate Substack

The subscription newsletter service allows good writers to reach their audiences without a horde of censors and gatekeepers, as is usually the case in mainstream media today

Substack — a newsletter site where popular writers can make money via private newsletters — has thoroughly rattled many traditional legacy mainstream media. Founded in 2017 and headquartered in San Francisco, it essentially ensures that the writer, not the medium, is the primary financial beneficiary of the writer’s talent. It also doesn’t need to censor writers on account of, say, money from China. One result is that many well-known writers from, for example, the New York Times, Vox, and BuzzFeed quit their jobs and started writing for newsletter subscribers who pay for premium content, print or podcast, typically $5 a month or $50 a year. Only a few thousand subscribers are needed to generate a nice income for a talented…

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Lightning over field

Are Your Electronics Protected Against Sudden Surges?

Electrical engineer Sarah Seguin discusses with Robert J. Marks an under-recognized risk for sensitive electronic devices

In a recent podcast, “Sarah Seguin on EMPs and How to Protect Your Data” (August 5, 2021), Sarah Seguin, talks with Walter Bradley Center director Robert J. Marks. Protecting data became a much bigger issue for typical employees during the COVID-19 lockdowns when many were working from home on a computer usually used to surf entertainment vids or shopping sites. Hackers have found the displaced workers a tempting target. In any event, hacks of governments, health care facilities, and big firms are on the increase. Seguin offers some thoughts about a quite different but very relevant data protection issue: Protecting data from degradation from electromagnetic pulses (EMPs): https://episodes.castos.com/mindmatters/Mind-Matters-146-Sarah-Seguin.mp3 This portion begins at 02:12 min. A partial transcript, Show Notes, and…

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Majestic Unicorn posing in an enchanted forest

The Unicorn Might Be Very Profitable — If It Existed

The statistical reality is that most new businesses flop

Jeffrey Funk and Gary Smith, well known to many of our readers, have just published an article at MarketWatch, warning against heedless optimism about “unicorn” stocks. As they put it, “The stock market unleashes its ‘animal spirits’ on an animal that doesn’t exist.” They begin by pointing out that most new businesses flop. The president of one venture capital company estimated the chance of success at one in 1,000. An SEC study of 500 randomly selected new issues found that 43% were confirmed bankrupt, 25% were losing money but still afloat, and 12% had disappeared without a trace. Of the remaining 20%, just 12 companies seemed solid successes — a scant 2% of the companies surveyed. Jeffrey Funk and Gary…

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Concept cryptographic NFT. Blockchain network, cryptographic non-fungible tokens. NFT with a network and a growing schedule, search. New technologies, financial schedule, future concept, banknotes

How Can Non-Fungible Tokens (NFTs) Be Made To Work Better?

Bernard Fickser offers twelve steps to handling NFTs in a way that dispenses with cryptocurrency-based blockchains and works in ordinary online marketplaces like eBay

Introduction: At Expensivity, Bernard Fickser explains that a non-fungible token (NFT) is a unique token in cryptography that represents, say, real estate or art rather than money. Because the tokens have unique identities (non-fungible), they can be bought or sold while reducing the risk of fraud. So how do they work?: The series is called How Non-Fungible Tokens Work: NFTs Explained, Debunked, and Legitimized (July 30, 2021). In Part 7, we look at 12 steps to make NFTs economically viable without Ethereum. 7 A Protocol for Handling NFTs on eBay The best way to challenge an existing idea is to replace it with a better one. In this last section, I’m going to lay out a protocol for handling NFTs…

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NFT Non-Fungible Tokens or NFTs are unique assets that cannot be replicated underpinned by blockchain technology

What Makes NFTs Valuable? What Does It Mean To Own One?

In the case of non-fungible tokens (NFTs) on the Ethereum blockchain, actual ownership with legal standing is never in fact transferred for the underlying digital file

Introduction: At Expensivity.com, Bernard Fickser explains that a non-fungible token (NFT) is a unique token in cryptography that represents, say, real estate or art rather than money. Because the tokens have unique identities (non-fungible), they can be bought or sold while reducing the risk of fraud. So how do they work?: The series is called How Non-Fungible Tokens Work: NFTs Explained, Debunked, and Legitimized (July 30, 2021). In Part 5, we looked at how scarcity, central to the economic value of works of art, can be created in the digital world, where copying is generally quite easy. Now, we look at what makes NFTs valuable and what it means to own them: 6 Value and Ownership of NFTs In this…

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China from space on realistic model of planet Earth with network. Concept of digital technology, connectivity and travel.

What’s Behind China’s Crackdown on Big Tech?

Both China and the U.S. are treating big tech with a heavy hand, but under different motivations

In a previous article I looked at Chinese regulators’ crackdown on Didi Global, China’s ride-hailing service. Didi is one of several Chinese tech giants that have been tamed in the past nine months. Prior to Didi, Ant Group, Tencent, Meituan, and Pinduoduo were all quelled by regulators. After Didi, regulators targeted Full Truck Alliance and Kanzhun. They recently shut down online for-profit tutoring and have banned mining cryptocurrencies in China.  Thus far, the Chinese government’s actions have resulted in almost $1 trillion net losses for the Chinese tech sector.  The two big questions are, Why now? and, relatedly, Who’s next? SupChina has a well-organized explainer on China’s Big Tech Crackdown here. Another helpful resource is this video from DW, “How China is tightening control of its tech companies”: According to SupChina, China’s…