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The new episode of Spinoff's The Fold podcast is a fascinating listen. Hal Crawford talks about Newshub and the future of news, a frankly dispiriting account that walks right to the edge of predicting the end of "general news" i.e. not specific to one subject area. thespinoff.co.nz/podcasts/the...
| Podcasts | The Spinoffthespinoff.co.nz
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Also about working on the gaming/crypto crossover. Every suspicion is confirmed - lots of money poured in to make crypto in games a thing, but there was no demand. (Crawford doesn't see this is because the offering is nonsense; he recites the usual "verify ownership of virtual goods" BS).
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I've been beating the drum on here that "all the decision makers saying we gotta get into AI are credulous rubes, because they all fell for NFTs" - well here is one of those credulous rubes, blithely unaware of what he fell for. He doesn't mention AI in the interview but I doubt he's a sceptic.
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particularly tagging @maetl.bsky.social, Mark if you want to listen to something that absolutely confirms everything you have already surmised it's right here, presented as a "funny and wild adventure"
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Thanks for this. It’s immensely frustrating to me how our media-pols culture demands cost benefit analysis for basic things like feeding children school lunches but has continually failed to critically reflect on anything to do with crypto/NFTs and ‘AI futures’
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Also people’s lack of understanding of technology plays into this, and I would say a lack of curiosity in asking lower level questions about the economics and supply-chains of computing. 2019: “Why are all those crypto people buying up all the GPUs?” 2022: “Why are we suddenly pivoting to ‘AI’?”
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Business executives have a responsibility to not be rubes on this stuff, just as journalists do.
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The business is boring latest episode 'what can we learn from silicon valley VC' left me with similar vibes.
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what we can learn from them is how people use social proof & greed to convince themselves that irrational behaviour is a good idea
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I mean yes, unfortunately that wasn't the conclusion drawn. The 'AI opportunity for Aotearoa' was similarly advertorial in nature.
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(are you a regular listener to Business is Boring? wondering if this is par for the course for them.)
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I am a regular listener to it. There's definitely a here's a good news story to tell about kiwi businesses but these two were particularly fawning. It's definitely no how I built this.