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Google was like this before they identified the ad firehose. Facebook didn’t find its own profits until way after IPO. Thats not the correct answer. It was that
by ramraj07 3y ago
Google was like this before they identified the ad firehose. Facebook didn’t find its own profits until way after IPO. Thats not the correct answer. It was that they were instantly truly successful without being blatantly exploitative (which Uber et al were). And the investors trusted that they will find their profits somewhere. That environment doesn’t exist anymore. Except maybe in OpenAI.
- saagarjha 3y agoOpenAI seems to be a bunch of people who spend 18 hours a day trying to bring about AGI, though. Driven, sure, but nobody is looking to solve world hunger there unless it involves a cluster of GPUs in some way.
- ramraj07 3y agoI don’t remember Google solving world hunger either?
- saagarjha 3y agoSure, but they had people who tried. I can’t say that they were effective but you could actually work on “I’m going to work with farmers in China to see if we can boost their crop yields” as your job, at least you could in the past.
- bakuninsbart 3y agoAGI might solve world hunger, although that particular problem seems to be more about societal organization and trust between people. AGI would without doubt lead to an incredible productivity boost though, and that helps solve many existential problems we currently have as well.
- saagarjha 3y agoRight, that’s what I’m talking about. Early Google wasn’t like “oh if we pair people with better ads the markets become more efficient and this society benefits” or whatever. They literally had people working on protein folding because they were interested in it.
- saalweachter 3y agoGoogle AdWords launched in 2000; AdSense in 2003. Google itself only dates to 1998; there's not much "before" the ads.
- yjftsjthsd-h 3y agoThey probably mean pre-doubleclick