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Challenges to it. that could always happen. the reality is this is the will of the people. again you don t also mind getting in talking about the crisis in tech. this tech lash that s going on. how do you look at this? there s a growing problem income and equality. and where jobs are doing. the addiction issues. where the money is coming from. like saudi arabia and google about whether they should work for the defense department. never a better time for your industry. great to be an annoying reporter. what is happening in tech? is there really a problem now? with tech not being what it used to be? today technology and the industry is in a crisis of trust. companies have to decide what is their highest value? what is the most important to them. today many companies don t know that. maybe because they were built on a product vision. or built just only on the technology vision. and have to switch and think about trust is our highest ....
The sunday times ran a piece called obama s masterminds catch in. they basically admitted they stole the social graph which is the connections between the users from facebook, blowing all of the terms of use of facebook. and facebook let them. the wrote from the article was you can do this, as long as you stop doing it on november 7th. so there was no backlash then. but now there s a huge people are calling it the tech-lash, big tech is blamed for everything, it s inequality problems, diversity problems and now swinging elections. we re in a lot different environment for these companies as they become these big, massive multi-hundred billion dollar valued enterprises. paul: on that point, facebook has had a really dream ride, right, up 500 more than $500 billion, $500 billion in market capitalization. a big chunk of that, 10%, 12% off this week. so clearly the market is fearing that there might be some threat ....
The sunday times ran a piece called obama s masterminds catch in. they basically admitted they stole the social graph which is the connections between the users from facebook, blowing all of the terms of use of facebook. and facebook let them. the wrote from the article was you can do this, as long as you stop doing it on november 7th. so there was no backlash then. but now there s a huge people are calling it the tech-lash, big tech is blamed for everything, it s inequality problems, diversity problems and now swinging elections. we re in a lot different environment for these companies as they become these big, massive multi-hundred billion dollar valued enterprises. paul: on that point, facebook has had a really dream ride, right, up 500 more than $500 billion, $500 billion in market capitalization. a big chunk of that, 10%, 12% off this week. so clearly the market is fearing ....
Of all, causing a lot of job losses and might be monopolies. is ushering in a wave of feelings about how to handle technology and big tech. i think that s absolutely right. there were lots of sessions on a.i. and how it will change jobs and lose jobs. that s been a subject for some years. for me the two new elements is there was a really sense of a tech lash, a backlash against tech companies, goggles, facebooks are no longer the shining lights. they are too big, too concentrated and all kinds of people are worried and the number of people that said china is ahead of us in a.i. and we have a real problem. the sense of a.i. is something, part of the geopolitical rift between or struggle between ....
Losses and might be monopolies. is ushering in a wave of feelings about how to handle technology and big tech. i think that s absolutely right. there were lots of sessions on a.i. and how it will change jobs and lose jobs. that s been a subject for some years. for me the two new elements is there was a really sense of a tech lash, a backlash against tech companies, gookggles, facebooks are no longer the shining lights. they are too big, too concentrated and all kinds of people are worried and the number of people that said china is ahead of us in a.i. and we have a real problem. the sense of a.i. is something, part of the geopolitical rift between or struggle between china and the u.s. inn, so there is always that under current at davos, as well. is china gaining ground? ....