It’s a legit risk to be basing anything on a Google product or service. Know too many stories of people or companies getting burned when Google wakes up one morning and decides to abandon another product.
5,659 karma · joined November 27, 2014
It’s a legit risk to be basing anything on a Google product or service. Know too many stories of people or companies getting burned when Google wakes up one morning and decides to abandon another product.
I eventually hung up and found a new number which put me in touch with the company directly. When I told them what happened they were like “yeah (insert name of one stop shop for home repairs) has been doing this... we have nothing to do with them but they keep trying to pretend we work with them and put out adverts under our name.” Super frustrating and I can sympathize with the restaurants where the same sort of thing seems to be happening.
The likes of Google could of course police this a lot better but they’re happy to take the money for the ads.
Go watch that text that flashed up on your old VHS tapes. You didn’t own it, you merely had a license to use it in a certain way. Invite too many people over to your house to watch a movie, you broke the license as now you’re staging a “public showing” and you don’t have a license for that. Schools used to get in trouble for this sort of thing when some kid brings in a home VHS tape and plays it at “school movie night.”
Like other popular terms (“Big Data”, “Blockchain” ...) companies fear being left behind so they scrape up whatever they were already doing and get the marketing team to just say “now with AI” and carry on doing what they always did/sold.
Just like with hedge funds you tend to hear about the ones that did well, and not so much about the ones that lost their shirt. Also like hedge funds while there are a few recognized skilled investors for many others there’s not a whole lot of solid evidence that the “winner” investors were really smarter than the rest, just probably luckier. (Just under 50% of people betting black in roulette will double their money... that doesn’t make them good investors). Like hedge funds there are lots of, often untold, stories of people getting super lucky with returns, thinking they are “skilled” and then going out and losing a ton the next few times around.
Sigh.
Throw in there various expensive hand-wavy marketing campaigns about AI, blockchain and quantum computing to add to that “but what do you actually do?” confusion. Case in point if I go to IBM.com I’m presented with a giant fluff PR piece about quantum computing.
It’s a great way to get a better idea of what things really looked like which is hard to do with choppy grainy footage. Historians should be doing everything they can to help us be more connected with the past, so being all curmudgeonly on this doesn’t make sense.
There are a lot of parallels with physical security. It’s good to do things to make yourself less of an obvious target but at the end of the day, you should still lock your doors.
More legit numbers would show the total amount of consumption and trace the emissions back to source, not just look at emissions at source in country.
Also these stats only look at emissions and overlook sequestration, which can be huge in some countries. For example, the UK has long since lost most of its forests which means it sequesters a lot less carbon than more forested countries like the United States.
From a financial perspective it’s a terrible product to sell... tons of money to someone with little to no financial assets, iffy prospects of sufficient future income and no underlying assets that the bank can put a lien against in case of default. The problem is not the loans, it’s the whole higher education system that needs a total overhaul including the utility and price of higher education. The current system is based on the idea that many people’s parents encountered where a good summer job and maybe a bit of savings was more than enough to pay for a decent college degree!
Their inability to explain the value proposition when asked that question by a reporter isn’t showing a great deal of confidence in the offering.
Teams adding measurable value for their companies should be fine but others might not be.
In cities with diverse economies and a strong talent base this evolution happens quite quickly. Elsewhere it happens more slowly, and thus it’s more painful, but it will eventually happen there too.
If you tell the average person “X dropped by 50%.” And then next month “X surged by 50%” they’d think it dropped and is back to where it started, not that in reality “X surged by 50% actually means it’s still down by 25% from where it was.”
A lot of this going on at the moment giving either intentional or unintentional impressions of what’s actually happening.
I also continue to not understand what their product really is and if it’s actually valuable. They seem to just throw armies of people at data problems which might produce some results but is hardly a scalable or valuable business model.