From 600+ conversations with the world’s leading thinkers.
It’s this weird dichotomy of superintelligence and super stupidity, sort of mixed in one scenario.
We often talk about misinformation and disinformation, but the deeper issue is the speed and flow of trust, because we're responding to feeling rather than expertise and credibility.
Israel is not called 'the start-up nation' for nothing. We have great statistics to show the number of start-ups per capita, the number of PhD's per capita, V/C Dollars per capita, Patents per capita and more. Israel creates a huge amount of innovative start-ups which are often bought out before they are even revenue producing!
Social media platforms are the tobacco companies of the 21st century, and they need to be regulated – especially when it comes to children. These platforms are selling a highly addictive product and continue to allow abuse and hatred on their platforms. Over 33% of all UK 18–24-year-olds have experienced abuse on Facebook.
Being 'online' does feel sort of 'godlike', it does make you feel that the limitations of material human existence don't apply quite so much. This godlike feeling explains some of the terrible behaviour on anonymous social media. It also gives you this sense that you somehow could become one with the metaverse.
There's a joke within Facebook that if you want to know which countries will have a genocide in the next couple of years, look at the ones that have Facebook free basics.
Our technological distraction is a first order political problem, worldwide. If digital media has become the lens through which we understand and engage with others, we need to figure out how to make that the right kind of lens.
Twitter as a service is very oriented towards people providing short, succinct and relatively immediate 'in the moment' updates on what they're interested in and how they feel- and at a very large scale. At the moment we have around 250 million twitter users! We felt it was the ideal environment for us to test our hypotheses that we could, in fact, gauge the public's mood state from this type of data- and use that to study and even predict socioeconomic phenomenon of which the market is just one.
Social media has completely and seismically changed our industry in a way that is hard to express. Historically we would have largely been reliant on a few gatekeepers, but that has been completely flipped on its head with social media, in that anybody with a unique voice that is able to connect with an audience can be talent.
I believe that if we want technological innovation to live up to its potential, we have to ensure that everyone has access to it. If technology is just for the privileged few, then it will concentrate power in the hands of those who already have it.
The reality is, not every business model is designed for scalability. Some businesses don't necessarily need to scale to be successful. The key lies in intellectual property. Once you've developed a piece of IP, the cost of distributing it to one person versus a million is remarkably similar.
If we are to migrate our lives to the internet, we need a decentralized infrastructure that enables everyone to have control of their assets without being robbed.