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In 2017, I wrote this as a "retrospective interview" supposedly taking place in 2019. https://issuu.com/stanfordchaparral/docs/parody_119_3-4/17 https://issuu.
by AlbertCory 4y ago
In 2017, I wrote this as a "retrospective interview" supposedly taking place in 2019.
https://issuu.com/stanfordchaparral/docs/parody_119_3-4/17 https://issuu.com/stanfordchaparral/docs/parody_119_3-4/17
To summarize: Larry Page is bragging about how, in 2017, Alphabet created a "data REIT" which contained all of Google's data, and licensed it on FRAND terms to all comers. As a "REIT" it's required to pay out 95% of its profits as dividends, and everyone whose data they use is a shareholder in the "REIT."
Yes, I know that's not what REIT's are for. This would take legislation, as Larry hints in the interview.
Basically, the AI training data is nationalized, with compensation to the owners, i.e. Google, FB, etc. You could argue, and people would, about who deserves compensation. Congress would have to do its job, for once.
In this "interview" Larry is bragging about how well this worked out for Google, since the clients of Google Data can make much better use of the data than Google itself can.