This year, I have posted several articles observing how the vocal few, amplified by online social networks, have an outsized voice in the political discord that swirls all around us. A few thousand like-minded activists are being heard while 350,000,000 others shake our heads in disbelief and sigh, while sipping our beverage of choice, remote control and smartphone in hand.
Simultaneously, I believe the remainder of this decade will be the true dawn of machine learning algorithms. While the concepts are not new, the practical application of machine learning is really hitting its stride, especially at the companies that are cornering many of the brightest minds in computer science, namely Facebook, Google, Microsoft, Amazon, Netflix, and the private unicorns awaiting their IPOs.
Machine learning needs big data sets to “learn” and no companies do a better job at marrying big data with algorithms and computer power than these. Traditional businesses rarely recognize that their most valuable asset to leverage is their data, still mired in thoughts about facilities, machines, and stores. Most of the Fortune 2000 do not run their data as a business, making investments and measuring results of analytical programs.
Here’s the bottom line:
If he decides, Mark Zuckerberg now, in 2017, has the power to decide who will be the next U.S. President.
— Bob Sakalas
I’m not saying that Mark will use his super power, but he has that power. Right now, Facebook’s and Google’s power is clearly driving greater and greater polarization of the public. This power extends to many countries, not just the United States.
Don’t believe me?
Watch this TED presentation by Zeynep Tufekci. It is eye-opening, and common sense tells me she is spot-on. It might just make you rethink your own level of participation on social networks, but that unfortunately will not change destiny for the country.
So what is the bright note for the optimist? Well, I’ve argued that optimists must take prudent risks within the backdrop of capitalism. As an investor, I’m increasing my long exposure to Facebook, Google, and perhaps add a small stake in Tencent. And, on a less serious note, the artificial intelligent Skynet won’t build terminators to exterminate humans, it might only try to control our thinking and ideology in an insidious Matrix-like mirage.
PS. Are you interested in other side-effects of powerful social networks? Here’s another angle worth understanding.