85,329 karma · joined September 10, 2017
Yes you could have invented PageRank, but could you also have invented MapReduce, BigFiles/Google File System (GFS), Google Web Server, Bigtable, Protobuf? Then spun up fault-tolerant clusters consisting of cheap commodity PC hardware in an era where AWS wasn't even an idea yet? Then invented the concept of Borg to manage this hardware globally?
Bay Area does not have much industry outside of tech. New York City is a hub for banking, investing, insurance, government, healthcare, consulting, real estate, fashion, law and more. All of these are now increasingly hiring tech workers directly and also retraining and transitioning their existing workforce to be more technical.
So just by numbers alone Bay Area will never maintain a monopoly on tech jobs, especially considering the NYC employment market is several times the size. However if you just filter to the tech sector the numbers will be very different.
Anthropomorphizing comes in when we attribute much more complex behaviors to them - chain of thought, reasoning, intelligence. At that point you aren't talking about mechanical concepts but claiming that these machines are exhibiting human behavior.
Suddenly every AI company’s security model seems to be to say “pretty please” to a non-deterministic machine and hope for the best. And if there is a security failure instead of accepting blame they go “well we can’t help it, our model is too intelligent”.
Next up - Slack releases a model router. Cloudflare builds an agents platform. OpenAI acquires a dev tools startup.
The acquisition price is almost always significantly more than its market value. The reason is that if you start buying shares on the open market each transaction of yours will raise the stock price, and eventually you will price yourself out of the purchase.
So what buyers do is negotiate directly with the board and propose an inflated price that >50% of shareholders are okay with.
If I have an apple and you agree to buy it for $1T, then the apple is indeed worth $1T at that moment.
After the purchase is complete it is worth ~$0, or whatever the next person is willing to pay you for it.
Alternatively you can say “it is still worth $1T to me” and that would be true as well.
When we are specifically talking about companies, their value is where buyers meet sellers in the order book.