Facebook and Google have to either argue that their ~half trillion market caps are a con, or their power of influence is real—thus worrying.
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And in both cases the real power of influence is not ads—and thus cannot be understood with old conceptual tools. It is rankings, feed etc.
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The news with artificial intelligence is not hype. Big data surveillance, machine learning and personal info flows is a historic inflection.
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I have sympathy with how hard and complex the problems are. I don't have sympathy with years of dismissing even the most obvious concerns.
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Finally, Russia is a rounding error of the problems that stem from this combination. The same crisis exists if Russians did nothing.
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Replying to @JamesGleick
Not sure. Catastrophic failure of traditional media in dealing with DNC/Podesta hacks and the email story was arguably more consequential.
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And a lot of things Russia did, like misinformation campaigns on social media, I saw in seemingly larger scale from a variety actors.
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