People go where the money is. It is capitalism. SV is where the money is so people are going to go there. Same as wall street before it. You want the best talent you pay the most money. With Europe paying so little compared to the US I don't know if Crotia or anywhere in europe will be a real tech hotbed.
NN/ai concepts have been around for a while. It is just computers had not been fast enough to make it practical. It was also harder to get capital back then. Those guys put the silicon in silicon valley.
If robots are doing all the work how will people make money to buy the stuff the robots make? Is Jeff Bezos going to own the whole world or are we going to have another French revolution?
It hasn't seemed to stop amazon from growing like crazy. He is the modern day Robber Barron, but maybe we have no Upton Sinclair or maybe people just don't care. Bezos seems to be using strategies from the early 20th century.
I guess you are right, but to me even streaming videos are downloaded to your computer. I also have seen the 30% number of other sites so I thought it looked reasonable.
Google has close to a 100k employees. I wonder how the other 99% feel. This is America no one is stopping her from starting the next google and crushing google.
This reminds of the Chappelle skit when keeping it real goes wrong.
She published a paper without getting it reviewed talking shit about google. I am sure she was generously compensated. If she wants to talk shit about google she should probably do it when she doesn't work there.
A vast majority of advisors (90%) aren't going to beat an index fund. You are just giving money away money by hiring an advisors.
Unless you want to pull offshore tax shelters or Real estate depreciation schemes its not super complicated to do taxes. Invest long-term and you are getting capital gains tax.