If Libra and Calibra are successful, Facebook will have control of information (Facebook, WhatsApp, and Instagram), weaponized information (a virtual military), and currency (Libra). I’m pretty sure that makes Facebook the largest government on earth.
I’ve been at SXSW (one of my favorite annual gatherings) for about 24 hours and my head is about to explode. While there are incredible experiences to be had here and there is some amazing tech on display, Buzzword BS is at record levels. Here are just a few excerpts from the dozens of elevator pitches I listened to today.
Recent studies predict that by 2025 there may be as many as 100 billion IoT devices deployed worldwide. That’s roughly 14 connected devices or sensors for every person on Earth. My good friend Rob Mesirow and I have been spending a lot of time talking about the most practical ways to integrate “smart” technology into business processes.
At the last ShellyPalmer Innovation Series Breakfast at CES, I had a Socratic discussion about the influence of the big technology platforms and other emerging technologies on our lives and the need for responsible innovation with David Sapin, US Risk & Regulatory Leader, PwC. Then the Facebook/Cambridge Analytica news broke. Since then, our thinking has evolved.
Apple is now a trillion-dollar company. Better-than-expected iPhone sales have propelled the company to be wealthier than all but the 15 richest companies in the world, and only the second company (following PetroChina, an oil and gas company) to reach that valuation. But wait, there’s one more thing ...