The business model in tech is monetizing surveillance and if you want to focus seriously on privacy, which requires not adopting that business model, not monetizing data you collect, either through training AI models or selling ads or what have you, then you cannot be pressured by commercial

incentives to put profit and growth above that mission, which is ultimately what a commercial entity is bound to do.

Hello, and welcome to Wises Happ happening with me, your host Chris Hayes.

It's been a very weird last year or so in tech in the sort of broad universe of

Silicon Valley and the internet and the digital world. There was this enormous

bubble that happened during COVID and huge skyrocketing valuations, lots of money sloshing around, lots of huge expansions in hiring, and there were these two huge bubbles that formed. One was the

Bitcoin and cryptocurrency bubble which has I would say subsequently popped and

also re-inflated. So that's one.

And then remember there was the whole meta,

the metaverse bubble.

Mark Zuckerberg changed the name of the company to Meta

because they were gonna, they put all this investment I think it was

literally billions of dollars of investment into the metaverse which was going to be this

virtual world there were people on the metaverse which I never actually quite

understood who were buying property on

the Metiverse for like six figures, it wasn't real. I mean, I guess everyone knew

that, but I never quite understood it it seemed like a ludicrous bubble that has

obviously since popped and I think shown to be a ludicrous bubble in the wake of all that

there's been a lot of retrenchment there's been big layoffs in Silicon Valley there's been a kind of

of creeping sense of maybe that were the end of some kind of era web 2.0 it's often

called and then of course there's now the rise of this new technology

that everyone's going all in on which is AI, artificial intelligence, large language

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