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Tag: #MattStoler

The AI Job Apocalypse and Corporate Fraud

The AI Job Apocalypse and Corporate Fraud

Photo by Patrick Weissenberger on Unsplash

We have a place outside of the city, with fruit trees and a blueberry bush, which we purchased years ago, at the end of the season, when they were basically dead. We have a green thumb, so we went for it, and nursed it back to life. Our bush is now flourishing. The fruit come ripe in July, one by one, then all at once when it hits peak season. It’s behind a fence to protect it from the animals, but birds are a different story. Try as you might, birds always find a way to get to the fruit, and we do our best to scatter them.

We needed to go into the city for a few days for meetings, just as the blueberries were beginning to hit their prime. We expected that the birds would have a field day in our absence, but we were looking forward to enjoying at least a few berries.

We were wrong: the ripe berries had been picked clean. Read More...

Fake It Til You Make It – To the Witness Stand.

Fake It Til You Make It – To the Witness Stand.

We are all aware that fake it til you make it is one of the premier mantras of the tech industry. At this point, we should also keep in mind that you can fake it for just so long – Adam Neumann’s WeWork being a notable case in point – and careful what you fake: in the case of Theranos and the company’s founder and CEO Elizabeth Holmes, it led to 11 counts of fraud that are being litigated as we speak.

As the Mercury News reported, “Holmes is charged with allegedly bilking investors out of hundreds of millions of dollars, and defrauding patients with false claims that the company’s machines could conduct a full range of tests using just a few drops of blood.”

Here’s a cautionary tale for you: despite the fact that Holmes followed the Silicon Valley playbook – attend an Ivy League school (Stanford dropout); be mediagenic (the tech might have been flawed, but in every photo of Holmes that the media proffered, she looked perfect); get a LOT of press (aka due diligence for clueless investors). Bonus points: dress in a manner that recalls a tech icon – in this case, Steve Jobs (easy one: black turtlenecks. Done!). Read More...