Wtf?

How can a business create more value for society than it captures for itself?

Artificial general intelligence (also sometimes referred to as “strong AI”) is still the stuff of science fiction. It is the product of a hypothetical future in which an artificial intelligence isn’t just trained to be smart about a specific task, but to learn entirely on its own, and can effectively apply its intelligence to any problem that comes

And I’ll make the case that many of the algorithmic systems that we have put in place to guide our companies and our economy have been designed to disregard the humans and reward the machines.

According to the McKinsey Global Institute, 540 to 580 million people—65 to 70% of households in twenty-five advanced economies—had incomes that had fallen or were flat between 2005 and 2014.

In the end, both web browsers and web servers turned out to be commodities, and value moved up the stack to services delivered over the true web platform.

perhaps the most riveting thing to realize is that, bit by bit, the global brain is getting a body. It has eyes and ears (billions of connected cameras and microphones), a sense of position and motion (GPS and motion sensors) that is far more precise and powerful than that of humans, and with specialized sensors, data-gathering capabilities that fa

“small pieces loosely joined.”)

Starting in the 1970s, keeping inflation low replaced full employment as the fitness function.

You must always be alert, though, for an inflection point where the old gives way to something profoundly new.

Uber or Lyft might instead create incentives for its drivers to purchase them and make them available to the company. In many ways, this would change their business model to one closer to that of Airbnb, in which the participants in the marketplace provide an asset they own rather than their labor. But for this plan to work, Uber or Lyft would not