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When will people wake up and see that venture capital is driving execs to show growth, overhire, then RIFF to consolidate wealth and drive profit metrics? When
by bnop 1y ago
When will people wake up and see that venture capital is driving execs to show growth, overhire, then RIFF to consolidate wealth and drive profit metrics?
When will people see that technology and AI is not the solution to save the world, but one that is actively killing it? One that is actively driving us apart and radicalizing us?
As a kid, I grew up loving sci fi, games, and tech. It is a shame these same dreams drive so us to destroy our planet and civilization. Our curiosity is going to be our end
As the zen parable says, the man is flying by on a horse and is asked “where are you going?”, to which he replies, “i dont know, ask the horse!”
I hope people can self reflect and challenge themselves on if what they believe is really right. The only way is for us to open our views
- colin_mccabe 1y agoIntel is not funded by venture capital.
- jerrygenser 1y agoYou could remove venture and it would still be accurate
- colin_mccabe 1y agoSorry, but I don’t find it a very insightful comment. (Removed comment about it being AI-generated since that might be unfair.)
- bnop 1y agoIts not AI generated. Sorry friend. Even if it was, assess the message, not the medium :)
- selimthegrim 1y agoThe new fabs were funded by PE.
- BeetleB 1y agoNot really. Intel made an agreement with a PE firm while well into building the fabs. In terms of the overall capital spent, most of it is Intel's.
- colin_mccabe 1y agoPE is not VC. VC is targeted at early-stage companies, which Intel is not.
- bnop 1y agoReplace VC with shareholders - the point is the same. Someone wants more money out than in. That same someone doesn’t have long-term incentive to care about our future, or even the customer To achieve that, business owners do as I mentioned and more. Not out of maliciousness or spite, but out of necessity
- sidewndr46 1y agoDepending on the PE firm, it could make the worst VC look like an angel