That is the same person who renamed his company to Meta and went all in into the metaverse and how we all be working in the metaverse.
The guy got lucky once, that's all, he is not the modern Oracle.
I’ve definitely seen a pattern in business where some guy effectively wins the lottery, and the business world puts him on a throne, gives him endless capital, and listens breathlessly to his musings about how to successfully win the lottery.
That's my takeaway as well, and this is his new pivot, from VR to AR. Facebook's problem is that it has all of the money and no idea what to do with it, but instead of sitting on a hoard like Apple they've taken the unusual approach of powering their servers with piles of burning $100 bills.
Personally I suspect that if they really try to replace mid-levels with "AI", they're going to have to re-hire the mid-levels as members of a new field: "AI mistake-checker/fixer". They'll have to pay for the AI (which is resource intensive) and the human worker to fix the AI mess. Everyone wins?
True, but there is something to be said about making it to his level.
He isnt stupid. Stupid people don't make it this far. They don't. Don't let the media designed for The Commons tell you otherwise. There are too many filters from rational intelligence, social intelligence, willpower, book smarts, delegation/management/leadership, etc... If you fail at one of these, you don't ~10,000x your company's value.
John Mearsheimer said "They made the wrong decision, not an irrational one." And I think that goes for the Metaverse. VR was/is incredible. I personally would find it difficult to bet real money on that question.
He sees something that is reasonable to say. Will mid-level engineers be replaced by AI? If there is a 2x efficiency improvement, what will half those programmers be doing? Will 100% of their midlevel engineers be replaced? No, but I don't think a smart person would make that claim. Do You personally think 0 people will lose their jobs because they arent needed anymore?
That’s a bad framing. Testosterone makes you less likely to place consensus above all else, which is what you want from a leader. Some will mischaracterise that as risky.
Identifying and buying potential competitors is neither lucky, nor is it visionary, it's just SOP for megacorps with deep pockets and potential competition.
