Important reminder. I bet Facebook would look like a jumbled mess to new users without help, compared to any of the open source offerings I've seen.
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"Mr. Huang points out that the established tech industry is mainly funding the most immediately applicable technologies. “Life science and software get a lot of money,” he said.
More speculative technologies that don’t offer any obvious payoff aren’t as lucky. “Everything else is underfunded,” Mr. Huang said, noting that as a percentage of the overall economy, federal spending on research and development has fallen since the 1970s."
What a great article. Sums up many of the challenges regarding decentralization. I also like it's discussion of a modern corporation as a "Slow AI" designed to do one thing at the expense of everything else: generate profit. This explains why modern large internet companies probably won't ever change their business model. It goes against their slow AI and to do differently for such large businesses would be too costly and difficult.
If that's how slow AIs operate, I shudder to think about what actual AI will do once it's integrated fully into business decisions.
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