It's good to test yourself and develop your talents and ambitions as fully as you can and achieve greater success; but I think success is the feeling you get from a job well done, and the key thing is to do the work.
Peter ThielRead
Most of 'big data' is a fraud because it is really 'dumb data.'
Interpretation
The majority of data labeled as 'big data' lacks real value and insight.
Peter Thiel highlights the idea that much of what is termed 'big data' does not provide the actionable insights or intelligence that companies and analysts often claim it does. Instead, he argues that much of this data is unstructured or irrelevant, rendering it 'dumb' rather than the insightful resource many believe it to be. This viewpoint encourages a more critical examination of data quality over quantity in the age of information.
In practice
During a tech conference discussing data analysis, one might use this quote to emphasize the importance of data quality.
It's good to test yourself and develop your talents and ambitions as fully as you can and achieve greater success; but I think success is the feeling you get from a job well done, and the key thing is to do the work.
The first question we would ask if aliens landed on this planet is not, 'What does this mean for the economy or jobs?' It would be, 'Are they friendly or unfriendly?'
People working on bigger ideas on a more protracted timeline will be more on the stealth side. They arenβt releasing new PR announcements every day. The bigger the secret and the likelier it is that you alone have it, the more time you have to execute. There may be far more people going after hard secrets than we think.
What is it about our society where anyone who does not have Asperger's gets talked out of their heterodox ideas?
Every time you write an email, it is in the public domain. There are all these ways where security is not as good as people believe.
Creating value isn't enough - you also need to capture some of the value you create.
The biggest problem is that Facebook and Google are these giant feedback loops that give people what they want to hear. And when you use them in a world where your biases are being constantly confirmed, you become susceptible to fake news, propaganda, demagoguery.
Well, Apple invented the PC as we know it, and then it invented the graphical user interface as we know it eight years later (with the introduction of the Mac). But then, the company had a decade in which it took a nap.
Celtel established a mobile phone network in Africa at a time when investors told me that there was no market for mobile phones there.
Silicon Valley today is populated mostly by people who would consider themselves winners of the traditional race. This causes the exclusion of the voices that are vital to a round, robust society. It's beyond gentrification.
Many of the technologies that are now racing ahead most rapidly, replacing human workers in factories and offices with machines, making stockholders richer and workers poorer, are indeed tending to accentuate the existing inequalities in the distribution of wealth.
I have always been convinced that the only way to get artificial intelligence to work is to do the computation in a way similar to the human brain. That is the goal I have been pursuing. We are making progress, though we still have lots to learn about how the brain actually works.
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