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These changes in direction (spending billions, freezing hiring) over just a few months show that these people are as clueless as to what's going to happen with AI, as everyone else. They just have the billions and therefore dictate where money goes, but that's it.

This is a structural problem with our economy, much larger than just Facebook. Due its large scale concentration, the allocation of capital in the economy as a whole has become far less efficient over the last 20 years.
But always remember, it's not technically a monopoly!

Boy am I tired of that one. We desperately need more smaller companies and actual competition but nobody seems to even be trying

Many of us in the antitrust/competition law community are trying. One issue, specific to digital markets, is that the field has very few people who are both legally and technically literate. If you're a technical person looking for a career shift, moving into legal policy/academia has the potential to be quite high impact for that reason.
Gods I would love to work more in a policy space, tho my background is entirely technical.

A friend of mine has been trying to get into law school for a few years; she's technically competent and plenty intelligent, but it's been hard going for her to get in, plus multiple years of education to even attempt the bar. All of that sounds like far too much sunk-cost to me to dally in and figure out if it's a path I would truly enjoy.

What ways could I engage with policy coming from a technical background that would serve as a useful stepping stone to a more policy based career, but doesn't require such an upfront cost as a law degree?

I guess it depends on your circumstances. In Europe, for instance, the cost of a degree is sometimes quite low. My gateway from tech to law was a part-time masters degree in political science, and which cost around 200 euros a semester (in Germany). That degree gave me enough experience to then apply for a PhD in law.

Which brings me to the next point. Doing a law degree and passing the bar is perhaps the obvious path to doing policy things. It’s basically the only way that you can end up actively participating in courts, for example. But there are many other options! For myself, the plan is to stay in academia and not take any bar courses (then again, who knows what will happen!). Academics have lots of potential to shift policy, especially as neutral agents who aren’t paid by either side of particular debates. Our papers are read by policymakers and judges, who often don’t have the time or resources to think deeply about particularly gnarly topics. But there are lots of other options which could also work, and I guess finding a "niche" would depend on your specific circumstances, connections and skillset.

If you’re looking to spend more time thinking about policy issues, I’d start by simply sleuthing online. Bruce Schneier, for example, regularly writes excellent pieces at the intersection of technology and policy, which are very well hyperlinked to other high quality stuff. These kinds of blogs are a great way to get into the space, as well as to learn about opportunities which are coming up. Reading journal articles that sound interesting is a good option too (and US law journal articles are often quite accessible). There are also spaces offline, such as conferences which encourage both law and tech people (there’s one happening in Brussels soon [1]), or even institutions set up specifically to operate in this space and which have in-person events (Newspeak House comes to mind [2]).

[1] https://www.article19.org/digital-markets-act-enforcement/ [2] https://newspeak.house

Call up TechCongress and offer to volunteer for a cycle.

Law school is the same as med school: if you can’t see yourself living life as something that requires a JD, skip it. Just do the thing you want to do; unless that’s “dispense legal advoce to paying clients and represent them in legal disputes” you can probably do it legally without a JD.

Also be aware you are a lawyer when you graduate law school and you don’t have to pass the bar unless that’s a requirement for your practice. For example, a general counsel of an internet startup might not have to be a member of the bar, but someone going into trial court to represent clients does. I would think you could be a staffer for a congressperson with a JD and without bar membership prettt easily.

That’s one issue, but is it even the most important thing? A lot of it is just regulatory capture, legalized political corruption (“lobbying”) and the total disfigurement of antitrust law by Bork decades ago.
I think the competition/antitrust law community is beginning to develop some effective antibodies against some of these. Bork's ideas are pretty well and truly debunked these days, and issues with regulatory capture, lobbying etc. are getting lots of attention (e.g. see this excellent paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4979205).
Once, out of curiosity, I looked into how easily someone without a formal law degree and work experience could take the bar exam "for fun", and IIRC in my state it wasn't really possible.
is there a state bar bootcamp?
Outside of going back to school for another degree, how would this shift be possible?
Lots of people try and actually succeed, and then a Mag7 swoops in with unlimited money and an "offer you can't refuse" and then they aren't a company anymore.
World would benefit greatly if EU went ahead with tech tax. It's crazy how much IT companies get away with that would be the end of any other business.
Yes and: As a more palatable form of carbon tax?

Yes, mosedef, I'm all in.

Please post/share any news or tips you find. TIA.

The allocation of capital is not even close to a monopoly. There are plenty of VC firms looking to fund almost any idea.

The point of VC, specifically, is to grow software monopolies - but it's very easy to pick up VC funding if you happen to live in the Bay Area.

This is why I ignore anything that CEOs say about AI in the news. Examples, AGI in a few years, most jobs will be obsolete, etc.
CEO's were never credible to begin with, but what about Nobel laureate in Physics, Geoffrey Hinton, telling us to stop training radiologists? Nothing makes sense anymore.
Well, clearly he should stick to physics. Even if it's likely that AI would replace them soon, a lot of people would likely die unnecessarily if we ran overly low on radiologists by ending the pipeline too soon. They're already overworked and that can only go so far. It's not a bet we should make.
> Well, clearly he should stick to physics.

While his Nobel prize was for "physics", his domain is AI.

Geoffrey Hinton believes a little too much in his baby.
Author Ted Chiang is the only celebrity AI kibitzer pundit I wholly agree with.

Paraphrasing: Capital will use / is using AI to further bludgeon Labor.

I like how Cory Doctorow put it (paraphrasing): Every technology exists to solve a problem. AI in its current form is intended to solve the problem of having to pay wages.
The media always says AI is the biggest technological change of our lifetime.. I think it was the internet actually.
The media was saying nfts are a reasonable investment and web3 is the future, so I am not sure if they have any remaining credibility.

We are at the awesome moment in history when the AI bubble is popping so I am looking forward to a lot of journalists eating their words (not that anybody is keeping track but they are wrong most of the time) and a lot of LLM companies going under and the domino crash of the stocks of Meta, OpenAI to AWS, Google and Microsoft to Softbank (the same guys giving money to Adam Neumann from WeWork).

Can I ask why you would be looking forward to the stock market crashing? Vindication?
I personally have just 20% of my net worth in stocks, as they seem very expensive right now. A crash would allow me to increase my allocation at reasonable prices.
With stock prices divorced from reality, the ones who benefit are the having the funds to buy in volume, the gamblers, and the ones hyping the stocks and creating the illusion of profitability and growth. Years ago it would have been unthinkable to have so many unprofitable companies with unclear path to profitablility having such a high valuation, but we have normalized frenzied gambling as a society.

The current absolute balloon of a market is about to pop, and sadly, the people who hyped the stocks are also the ones knowing when to jump ship, while the hapless schmucks who believed the hype will most likely lose their money, along with a lot of folks whose retirement investment funds either didn't due their diligence or were outright greedy.

In a way, as a society we deserve this upcoming crash, because we allow charlatans and con people like Musk, Zuck and Sam to sell us snake oil.

Who benefits from high stock prices?

Certainly not people regularly buying stocks or stock ETFs/Funds.

I suppose if you’re operating on the assumption that tech stocks are vastly overinflated then this makes sense. Otherwise I would expect the people that are regularly buying these securities would be happy that they’re increasing in value, no?
I believe it's the biggest change since the Internet but what will be bigger will probably remain subjective.
I’d say that the social media revolution had a bigger effect than AI has at this point.
in the context of LLM's we are in the Friendster era
I guess we will know when we are in the Facebook era when my parents start using it.
That is a genuinely fair take. I agree

Social media was a quality of life upgrade where it wasn't promising too much, and it delivered on what it promised. (maybe a little too much)

AI on the other hand just like blockchain feels like hype.

Social Media is basically what enabled me to actually be social during the Friendster/Early Myspace era. It helped me get to know people I'd met in real life, and meet other people within the city I lived in.

Now if you're not on linkedIn, people question whether you are a real person or not.

I hope AI ends up like blockchain. It's there if you have a use-case for it, but it's not absolutely embedded in everything you do. Both are insanely cool technologies.

That's one interpretation, but nobody really knows. It's also possible that they got a bunch of big egos in a room and decided they didn't need any more until they figured out how to organize things.
Risk assessment goes up, you manage it. What is your solution? Should everyone just act numb and wait it out?
you think folks that have experience managing this much money/resources (unlike yourself) are clueless? more likely it's 4D chess.
Just like the metaverse?
sometimes you lose
When your track record includes a lot of losses, the scale points more and more toward "clueless" and away from "4D chess".
Especially when there are hours of public footage of the decision maker in question not sounding particular astute as a technical or strategic thinker.
How does zuck’s net win-loss track record look to you?
The lottery.
Isn’t that already priced in? Shorts exist.
And like VR?

And like...LLAMa?

Maybe also like adding ads in WhatsApp cause we gotta squeeze our users so we can spend on... AI gurus?

Meta has not had a win since they named themselves Meta. It's enjoyable to watch them flail around like clueless morons jumping on every fad and wasting their time and money.

It makes me feel better / more comfortable with myself seeing what meta does. Almost being childish.

Maybe this sounds selfish but its a little fun to me to see them lose. I just don't like meta and its privacy in sensitive ad network bullshit.

Like the fact that if someone clicked a photo and deleted it then show them beauty ads because they are insecure. I can't give 2 cents about the growth of such a black mirror -esque company

> I can't give 2 cents about the growth of such a black mirror -esque company

I would donate my two cents or even more to witness their downfall though. I left WhatsApp years ago, and haven't used any of their other services like fb or Instagram. I don't want to contribute to a company that actively helped a couple of genocides (Myanmar), help elect a dictator or two (Philippines) and spread racist propaganda and, most recently, allowing women to be called 'personal objects'.

Their tech is far from impressive, their products are far from impressive, the only impressive thing is that they are still in business.

Like everything but acquisitions since the original product?
Doesn't sound like "sometimes" in most cases
Anti-aging startups is 5D chess, the 4th dimension is the most fickle so it's very hard to make it to a 4D intercept when your ideas are stupid.
I think the use of "4d chess" was your downfall.

I do however think that this is a business choice that at the very least was likely extensively discussed.

Zuck is fantastic at transferring wealth. Not so great at creating wealth.
Yes, yes I do. How much practical experience does someone with billions of dollars have with the average person, the average employee, the average job, and the kind of skills and desires that normal people possess? How much does today's society and culture and technology resemble society even just 15 years ago? Being a billionaire allows them to put themselves into their own social and cultural bubble surrounded by sycophants.

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