All the key words - artificial intelligence, blockchain, cyber money - are floating around in the conversations at Peet's Coffee in Berkeley, True Food Kitchen in Stanford or Morton's The Steakhouse in San José. But concrete, explainable business models with sustainability and scaling are missing. Castles in the air are being built, but they are collapsing every day. The mood here reminds me strongly of 2007, when the many "For sale" signs in the USA were a sign of the coming financial crisis.
Yes, the recession will come. Not tomorrow, but morocco rcs data by 2020 at the latest. And caused by the old economic world, i.e. the real estate market, industrial companies or the financial industry. It will come from the seemingly untouchable giants of the digital world. Over the last fifteen years, a structure of "just carry on as before", of "it's working fine" has developed that does not allow for new ideas and forces. Google, once a miracle of daily public self-invention, is barricading itself behind thick walls and old heads. Facebook, the elephant of social life, is destroying the glass house of our communication and slitting the throat of anyone who wants to work in the social communication business. Only self-preservation, nowhere is there any new beginnings and fun as so brilliantly portrayed in the film "The Social Network".