Programs from our archives that focus on technology. Watch them in their entirety by visiting our website, book tv. Org and use the search function at the top of the major. First from march 2019, nyu Stearns School of business professor argues that Artificial Intelligence is giving too much power to big corporations. My job is to model risk for a living and i primarily focus on technology and i over and over come back to the same companies that control the lions share of patents, that have an extraordinary amount of money, that are able to attract the best talent because they have the best food. That much have the relationships with universities, and it doesnt mean that there arent other Companies Like salesforce or nvidia or uber that arent doing amazing things, but its three the Nine Companies that this throws. And it touches all of these nine. In addition theyre building the frameworks and custom silicon chips and the code basis, all roads lead to these Nine Companies and the challe
Baldaci talks about his books on in depth. Watch this memorial day weekend on cspan2. It is my pleasure to invite you to this special event with an allstar cast of meetings and amazing brainpower. One of my favorite authors in the world, jamie metzl. On behalf of the university and our host at think spot, it is my honor and privilege to welcome you to this global event celebrating the release of the highly revised which means if you have gotten the hardback, by this one too because there are some changes. A highly acclaimed and bestselling book, hacking darwin genetic engineering and the future of humanity. Until recently a successful book launch involved 100 people, maybe a few more, some hors doeuvres, a little bit of bad wine but now you can your favorite food from your refrigerator, your beverage of choice and this is a lot better and this is also being carried by cspan, so welcome everybody from cspan as well. These are unprecedented times. There is also promise in these times. Th
Group in the middle of solvable problems that have not yet been solved. Thats what i call the perfect problem because that in fact is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve the problem that is solvable but has not been done. Youre going to have to do something new but you dont get a copy. What happened with jack, jack dorsey and i i hired jack when he was 15, he was a High School Student, came into work at a company that i still have and i dont run any of my companies they just sell them, this ones been around for 30 years and jack and i worked together and he went off to college and he got kicked out of twitter and the first time i guess. And they showed him the door and he came back to st. Louis and we were heading out and talking. And we decided we would Start Company together. So then we were kicking around for ideas, he did not have an idea and i did not have an idea so we look for problems i solve and we came up with the
Best talent because they are the best food. You know, that have the relationships with universities and it doesnt mean there arent other Companies Like salesforce or uber that are doing Amazing Things but it is these Nine Companies that Everything Else flows. The entire ai ecosystem, in some way or the other, touches these nine. In addition to all the things that i just mentioned they are building the framework and the custom silicone tips and they have the code bases. All roads lead to these Nine Companies in the challenge that i have is that if it is the case that Artificial Intelligence is not just being built to create a better microwave although that is cool that instead to optimize our lives using data as currency what does it mean when we relegate that to just a handful of companies and a handful of people working at these companies who probably dont look like us and dont have the same worldviews as us and what are the longerterm downstream invocations of that look like . Three
So, scott cooper, what does a Venture Capitalist do . Basically what we do is we provide money to companies that are trying to grow and hopefully arbecome very Big Companies like facebook or google or apple someday and then if we are doing our jobs correctly we are also helping them grow the company so we dont work in the businesses but hopefully we can provide introductions to them and help them navigate new challenges as they go through the business so we like to think of ourselves as a money provider and hopefully a supporter as the business grows. Why cant a company such as a the one you describe go through a bank and do traditional avenues. Good question. The problem is most of the businesses we reinvest in our ricky businesses and lose money for a long period of time as they invest in banks are just not in the business of doing that or taking risk of losing their capitals so we are willing to take that risk and in fact half of what we invest in will lose our money and any bank wh