The following chart traces the flow of funds into AI (artificial intelligence) startups. I found it on this webpage and it is attributed to Financial Times. Here, I apply the self-sufficiency test to show that the semicircles are playing no...
If you live in the States, and particularly a blue state, in the last year or two, it has been drilled into your head that Hillary Clinton was the overwhelming favorite to win the Presidential election. On the day before the election, when all the major media outlets finalized their "election forecasting models," they unanimously pronounced Clinton the clear winner, with a probability of winning of 70% to 99%. One…
A very important article from the Times starts with the following sentence: Want to invisibly spy on 10 iPhone owners without their knowledge? Gather their every keystroke, sound, message and location? That will cost you $650,000, plus a $500,000 setup fee with an Israeli outfit called the NSO Group. In the U.S., there is a disconnect between a populace whose distrust of government is at an all-time high and the…
Well, it didn't take long but private investigators have found the next big thing: Big Data. Bloomberg reported on a company called IDI, who sells our data to private investigators. (link) Unfortunately, this article is short on details and long on sensationalized catchphrases ("Every move you make. Every click you take...") The CEO of IDI boasted that "We have data on that 21-year-old who’s living at home with mom and…
As word of plummeting sales of Apple Watch spread around last week, an entrepreneur went on Medium to sing a different tune: his survey apparently uncovered a "paradox" - Apple Watch users are "overwhelmingly satisfied, yet not recommending" the product. The "overwhelming" bit comes from this chart: This data portray a hugely successful product in which almost nobody expressed any negative feelings. This next chart is even more impressive. Apparently,…
Theranos (v): to spin stories that appeal to data while not presenting any data To be Theranosed is to fall for scammers who tell stories appealing to data but do not present any actual data. This is worse than story time, in which the storyteller starts out with real data but veers off mid-stream into unsubstantiated froth, hoping you and I got carried away by the narrative flow. Theranos (n):…
Last year, Gizmodo capitalized on the fallout from the Ashley Madison hacking scandal and published a sensational article claiming the website that, if you haven't heard, promotes adultery, has "almost no" real women on it. The subtext is that millions of gullible, disloyal males were paying monthly fees to the website to do nothing or, cue the laugh track, to converse with "badly-designed robots." These men, according to Gizmodo, were…