Tag Archives: tech firms

Nations vying for big data hegemony

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Big data is out there – but who will control it or oversee it?

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The rise of Big Data—the vast digital output of daily life, including data Google and Facebook collect from their users and convert into advertising dollars—is now a matter of national security, according to some policymakers. The fear is that China is vacuuming up data about the U.S. and its citizens not just to steal secrets from U.S. companies or to influence citizens but also to build the foundation of technological hegemony in the not-too-distant future. Data—lots of it, the more the better—has, along with the rise of artificial intelligence, taken on strategic importance…

Broad fears of technological hegemony may be overblown, some policy experts say. And harsh measures against China could alienate allies and trigger a rash of similarly harsh measures by counties abroad toward U.S. tech firms.

In any case, the U.S. is in an exceedingly weak position to lead a moral crusade for the sanctity of data. The concept of harvesting clicks, text, internet addresses and other data from unsuspecting citizens and exploiting them for commercial and national-security ends was invented in the halls of the National Security Agency, the CIA and the tech startups of Silicon Valley. Facebook (now Meta), Google, Amazon, Microsoft and Apple currently lead a vast industry based on trading and compiling user data. Taking measures to protect the data of American citizens from the ravages of Silicon Valley would go a long way to protecting them from China, too. Any measures directed solely against China would likely be ineffective because vast troves of consumer data would still be available for purchase on secondary data markets…

Whatever the case, some suggest the world is already moving inexorably towards a bipolar digital world—a move that will only accelerate as the burgeoning race for AI dominance between China and America picks up steam.

So data becomes just another area in which powerful nations fight? Does the data with all of its potential and pitfalls simply become a national instrument of power?

There could be other options here. However, it might be hard to know whether these are preferable compared to states wanting to control big data.

  1. In the hands of users. Move data toward consumers and individuals rather than in the hands or accessed by nations and corporations.
  2. In the hands of corporations. They often generate and collect a lot of this data and then operate across nations and contexts.
  3. In the hands of some other neutral actors. They may not exist yet or have much power but could they in the future?

This bears watching because this could go well or not and would have wide consequences either way.

Considering Silicon Valley a city in order to compare it to Jerusalem and Athens

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Is Silicon Valley a city? Maybe it works in order to compare it to Jerusalem and Athens:

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And this new city is growing in power. Never before have the questions of Athens and the questions of Jerusalem been mediated to us by such a great variety of things that vie for our attention and our desires. Silicon Valley, this third city, has altered the nature of the problem that Tertullian was wrestling with. The questions of what is true and what is good for the soul are now mostly subordinated to technological progress—or, at the very least, the questions of Athens and Jerusalem are now so bound up with this progress that it’s creating confusion…

If Tertullian were alive today, I believe he would ask: “What does Athens have to do with Jerusalem—and what do either have to do with Silicon Valley?” In other words, how do the domains of reason and religion relate to the domain of technological innovation and its financiers in Silicon Valley? If the Enlightenment champion Steven Pinker (a resident of Athens) walked into a bar with a Trappist monk (Jerusalem) and Elon Musk (Silicon Valley) with the goal of solving a problem, would they ever be able to arrive at a consensus?…

The extent to which people begin clustering in one of the three cities—the extent to which they isolate, fortify the walls, and close the gates—is the extent to which our culture suffers. Nobody can remain isolated in one city for long without losing perspective. Self-styled rationalists hostile to religion close themselves off from millennia of embedded wisdom (or they merely invent their own form of cult or religion, based on reason). Religion that doesn’t respect reason is dangerous because it denies a fundamental part of our humanity, and the detachment can result in extremism that, at its worst, can justify unreasonable or even violent practices in the name of God. And Silicon Valley’s excesses—like the now defunct company Theranos, the cult-building of Adam Neumann, or the technology bubble of the late ’90s—are characterized by a detachment from reason and a failure to recognize the secular forms of religiosity that led to those things happening in the first place…

The most important innovations of the coming decades will happen at the intersection of the three cities—and they will be created by the people who live there.

What makes a city? A denser population center with economic, political, and social activity.

In the discussion excerpted above, Silicon Valley sounds less like a population center and more like the locus of a particular idea or culture revolving around technology and utilitarianism. Can a sprawling area outside a major city truly be a city? Is there a geographic center to Silicon Valley? Are there public spaces used by many? Is there a unified government or social structure?

As hinted at above, for much of human history and still in some places today, cities are religious centers. This is less the case in the United States where downtowns are dominated by commerce and finance, not religious congregations and practices. But, providing religiosity or meaning at work in a deconcentrated Silicon Valley may not work out as well as hoped.

Conditions right for Pittsburgh to be a “house-flipping hotspot”

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Pittsburgh is home to a lot of profitable house flipping activity:

Today, old industrial cities such as Pittsburgh, Buffalo and Cleveland are among those offering the greatest returns. They have struggled to recover from the recession, but now are beginning to attract tech firms, such as Google-parent Alphabet Inc, Uber Technologies Inc, and Amazon.com Inc.

The influx of new workers is boosting demand for urban homes in areas that have some of the oldest housing stock in the nation and not much new construction, creating richer opportunities for flippers than in Las Vegas or Miami at the height of the housing boom more than a decade ago…

In Pittsburgh, home flippers made a gross profit of 162.7 percent on average during the second quarter of this year, while in Buffalo, the average gross return came in at 107.5 percent, according to ATTOM data. Nationally, the average house-flipper earned a 44.3 percent gross return on investment this year, compared with the 35.3 percent during the boom…

“Pittsburgh’s housing market was under-invested in for 40 or 50 years,” said Aaron Terrazas, senior economist at real estate listing firm Zillow. “The housing stock in the urban core of these cities requires substantial investments to update these older homes and bring them up to modern living standards.”

There are plenty of Rust Belt cities that would want in on this action. Do you think political and business leaders in places like Syracuse or Milwaukee or Lansing wouln’t salivate over the prospect?

But, it sounds like Pittsburgh could be a unique place. Certain conditions were in place:

  1. An influx of tech workers. Pittsburgh has a university and research base that not all Rust Belt cities can draw on. Everyone wants part of the tech industry but how many cities, particularly struggling ones, can attract significant numbers of tech employees?
  2. Relatively cheap homes. Many Rust Belt cities have this.
  3. An attractive urban core. In addition to jobs, a vibrant city or neighborhood scene could go a long way to attracting new workers and residents.
  4. While the article mentions concerns about residents being priced out of their own neighborhoods, I assume leaders in Pittsburgh are at least okay with the house flipping activity if not outright encouraging it. A “favorable business climate” could signal to developers and investors that the city wants redevelopment and is okay with seeking profits. This does not even account for the moves local leaders may have made to encourage the growth of the tech industry.

In other words, if the conditions change in Pittsburgh – such as there are fewer cheaper houses to make money on – it is not guaranteed that house flippers will simply move on to the next Rust Belt city with cheap housing.