A Quote by Steve Jobs
One of the failures of technology companies is that they build technologies thinking everything else will work out.
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Can companies just claim a total lack of political responsibility in how their technology is used in all instances? It's something that companies should be thinking about when they sell their technologies around the world.
Generally, the technology that enables disruption is developed in the companies that are the practitioners of the original technology. That's where the understanding of the technology first comes together. They usually can't commercialize the technology because they have to couple it with the business model innovation, and because they tend to try to take all of their technologies to market through their original business model, somebody else just picks up the technology and changes the world through the business model innovation.
Gene therapy technology is much like computing technology. We had to build the super computer which cost $8 million in 1960. Now everyone has technologies that work predictably and at a cost the average person can afford.
I'm not critical of the people who do psychotherapy. The therapists in the trenches have to face an awful lot of the social, political, and economic failures of capitalism. They have to take care of all the rejects and failures. They are sincere and work hard with very little credit, and the HMOs and the pharmaceutical companies and insurance companies are trying to wipe them out. So certainly I am not attacking them. I am attacking the theories of psychotherapy.
Trying to use all the existing technologies that were out there wouldn't work for us because none of them were flexible. Everything was rigid in some way, so we had to go on a manhunt, essentially for something that was a viable technology. So it was a good four-months of just designing and figuring out the lights.
I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.
I don't think there's a particular technology that will set the trajectory for us moving forward. We don't want to be one of the companies that say AI is the next big thing, let's go build an AI application for Robinhood. That might not work. It might be awkward.
I think [GMO] is one area where the is a need for legal regulations to make sure that companies - because at the moment, companies are the ones that have this technology - will not use this technology in a way that could adversely affect the people.
When e-commerce companies build scale, cost comes down. Companies that can handle scale and reduce costs over time will win. Margins will come from reducing costs over time and not by increasing prices. Technology is the answer at large scale.
The reality is technology is here, technology will only improve and certain technology companies will dominate in the next five to ten years, ... The problem is determining which ones and at what value.
Music companies are not technology companies any more than technology companies are music companies. They're really different from each other.
We are using new technologies in meaningful ways. To build our new refinery in 60 percent of the time it took to build our first, we are training 20,000 people in a new generation of welding technology in six months.
I believe that technology has the potential to change the fate of nations, industries and companies, as well as the context of our lives. I want to help build the companies that take the risks needed to make those kinds of real changes in the world.
Certainly our cultural fallback position seems to be that our technologies will get us out of everything they have got us into. That looks like a magical thinking to me, but we don't really have a better idea.
Not only I would like to work as the youngest technology evangelist at Microsoft, I would like to work on those cutting-edge technologies which would be explored by technology evangelists five years from now.
No new choices are introduced by raising the specter of disaster. These become opportunities for swearing new allegiance to technology. The solution is to discover new technologies that will correct and modify the harm either potentially or already caused by present technologies.
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