I want to recommend to my colleagues on LinkedIn the attached podcast about the new book, ‘Technofeudalism: What Killed Capitalism’ by Yanis Varoufakis. It presents an interesting point of view about the power of global tech companies over finance and technology. ☁ Here are some noteworthy quotes that emphasize the point: "If you're Jeff Bezos, the owner of Google or Apple, or if you're Elon Musk, then you own this new form of cloud capital, which allows you to extract huge quantities of rents and surpluses from the rest of society, not only from proletarians but from everyone else as well." "This manner of extraction reconstitutes a form of feudalism. The difference is that instead of the original feudalism, which is a system based on private ownership of land producing rent, now it's private ownership of cloud capital." ☁ "The cloud is capital; it's not some cloud up in the sky. Every time you buy something from Amazon.com, 40% of what you pay doesn't go to the capitalist who is selling you that stuff; it goes to Jeff Bezos. That's a cloud rent, and he is a new form of feudal lord." Enjoy listening on your way home or during the weekend. Have an excellent weekend! Let me know if you enjoyed... 👍 👍 👍 #cloud #finance #technlogy #cfo #founders #ceo #weekendmood Yanis Varoufakis
Haim Ratzabi חיים רצאבי’s Post
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I recently watched an insightful discussion between Aaron Bastani and Yanis Varoufakis on the economic power of Big Tech. Varoufakis highlights how modern economies heavily rely on cloud services provided by a few U.S.-based companies, which significantly impacts business competitiveness. With the rise of AI, this dependency will only intensify, concentrating vital tools in the hands of even fewer companies. While Varoufakis offers a critical view of this new economic infrastructure, I believe we must consider the following: - In a liberal economy, it's normal for risk-taking companies to open and dominate new markets, profiting significantly. Without this dynamic, the free market wouldn't thrive. Companies mentioned in the video have invested heavily in terms of money, resources, and labor to reach their current positions. - If such a dependency is so harmful, what's stopping EU governments from investing heavily in similar tech infrastructure or supporting qualified companies to do so? When we needed resources to address pandemics and wars, we found them. The stakes are just as high in this case. -Advanced technologies being made intuitively available across business and government ecosystems should be seen as a massive opportunity. It can renew industries and create new value categories in the EU and beyond. Without a clear strategy to develop such infrastructure, at least facilitating the creation of new business categories and renewing the European industrial excellence should be prioritised. For a deeper dive, watch the full discussion here: https://lnkd.in/g4qMf2ke
American Big Tech Has Enslaved Us | Aaron Bastani Meets Yanis Varoufakis
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📰 News: 📰 🚀 Red Hat: Open for Business for the Foreseeable 🚀 Hey everyone! Whether you're deep into tech or just dipping your toes, last month’s Red Hat Summit was a goldmine of insights. And trust me, I’ve got the key takeaways right here. First off, can you believe Red Hat is turning 31 this March and hitting 25 years public this August? 🎉 From being a developer-only hub to a global giant, Red Hat has always adapted to the ever-changing industry landscape. Let’s talk about the numbers: - Red Hat has seen --5 different CEOs-- over its journey, each bringing unique flavors to the mix. - The longest-serving CEO, Jim Whitehurst, held the reins for --13 years--, setting a benchmark in leadership. - Now, we have Matt Hicks at the helm, who started as a computer scientist at Red Hat and today is steering the ship into exciting waters, particularly in AI. Curious about what keeps Red Hat ticking? Here’s a peek from my interview with Hicks: “Our focus is back to basics — embracing being a platform company, working with the ecosystem, and chasing new trends like AI,” he shared passionately. Hicks’ journey from porting Perl apps to being the CEO speaks volumes about the opportunities at Red Hat. His authenticity and vision are inspiring, making him a poster child for 'techie-turned-leader’. 💬 Now it's your turn: What excites you the most about Red Hat’s journey and future? Drop your thoughts in the comments and let's dive into a spirited discussion! And don’t forget to follow Bernier Group for more insights and updates! 👇 #AIDriven #Digital #AI #Data #SMB #SME #Strategy #Innovation #Business #ArtificialIntelligence #AnniQ https://lnkd.in/e7N9qf55
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Open source has become a prevalent business model for numerous tech startups, yet it is not without its challenges. As companies seek to uphold the principles of open source while also competing in a dynamic market, the tension between ideology and practicality becomes increasingly apparent. At Disrupt 2024, industry leaders including Accel Partner Casey Aylward, Docker CEO Scott Johnston, and Redis CEO Rowan Trollope will engage in a discussion focused on these complexities. They will share insights on how they navigate the dual demands of fostering open source communities and ensuring business sustainability. This conversation will provide valuable perspectives on the future of open source as a viable business model in an evolving tech landscape. #OpenSource #TechStartups #BusinessModel #Disrupt2024 ---------------------- Learn more here: https://lnkd.in/ePutXN7q
Industry leaders break down what's next in open source as a business model | TechCrunch Disrupt 2024
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Don't miss the #SanDiego CTO Talks Series! Discover the latest in tech trends, connect with industry leaders, and grow your network. Be part of the conversation! The CTO Talks Series
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Living outside Silicon Valley and wondering what is going on here? From the outside, tech world operates according to the same rules as elsewhere: 👇 Young innovators build and meet at conferences to showcase their work and listen to panels and fireside chats from established innovators and investors. Only the dynamics is different. People open up about what they are building. Doors open faster. Information flows better. Motivation appears on its own. In this short video, I’d like to show you how this year’s edition of the famous San Francisco-based conference TechCrunch Disrupt looked. If this presentation sparks your curiosity, you should join next year! Key people tagged in the video: Mariane Bekker, Women Founders Bay Jeremiah Owyang, Blitzscaling Ventures Atal Agarwal, OpenSphere Hazim Mohamad, CoffeeSpace Also, on this occasion I’d lie to comment on the fact that recently, I haven’t attended as many local events as I normally do in San Francisco. So, I internalized the fact that I’m an introvert and sometimes, less is more. I also realized that the essence of the “brand” of a company is in its clients, not in your casual contacts. Yes, you can spend your time shaking arbitrarily many hands… but your happy clients will speed up your networking efforts x10 even if you don’t leave your room. This is why I became much more conservative and picky with events. TechCrunch Disrupt was worth is though! Have you ever attended this conference? What are your impressions? Link to the video: 👉 https://lnkd.in/euUfGSCQ #TechCrunchDisrupt #StartupEcosystem #NetworkingTips
Beyond the Hype: What Really Happens at TechCrunch Disrupt #TechCrunch #Disrupt2024
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Securing Your American Dream: Navigating the Venture Landscape as an Immigrant Entrepreneur🇺🇸 · Zoom · Luma
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After 3 days, hundreds of conversations, and losing my voice at Money20/20, I'm convinced of two things: (1) startups are sleeping on conferences as a GTM channel, and (2) the document processing market is dramatically untapped. Here's how we approached Money20/20: Booth location matters a ton, but you have to get clever about it since the obvious spots will be taken. We strategically placed ours next to Databricks and directly across from the breakfast bistro. We knew technical decision makers would be attracted to the Databricks area, and everyone needs their morning coffee. As a result, we were consistently slammed with foot traffic starting at 8am every morning. Then, it comes down to messaging — when you have 5 seconds to catch someone's eye with your booth, you need to be simple and concise. For us, that was "modern document processing built for technical and product teams." The results? Countless people walking up saying "so we have some documents..." Finally, prep work is everything. We booked meetings in advance, came prepared to answer technical details and give live demos, and had a process for qualifying folks and moving them through the pipeline. We saw a clear pattern where companies are tired of legacy doc processing solutions, and are ready for a modern approach. Almost every conversation validated this — from startups to enterprises, the problems are universal and the solutions haven't caught up. Grateful to the team for crushing it last week. And if you're building something and dealing with documents...well, you know where to find us.
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Hello LinkedIn Fam!! Has anyone had the opportunity to attend a TechCrunch event before? I am eager to learn more about your experiences and gather insights on this renowned tech conference. Please DM, Thank you! #TechCrunch #TechCrunch2024 #TechCrunch2023
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This quote "Big data is at the foundation of all of the megatrends that are happening today, from social to mobile to the cloud to gaming." is attributed to Chris Lynch. Chris Lynch is a venture capitalist and entrepreneur known for his work in the technology industry. Lynch serves as an advisor and mentor to many Boston area entrepreneurs and serves on the board of RayV Networks (acquired by Yahoo!), docTrackr (acquired by Intralinks), and H-Streaming (acquired by Adello). . This quote emphasizes the significant role that big data plays in various aspects of modern life, including social media, mobile technology, cloud computing, and gaming. It highlights how the collection, analysis, and utilization of large datasets are fundamental drivers behind many contemporary trends and developments. https://buff.ly/3uzJVJU
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Scaling with GraphQL wasn’t easy for Max Stoiber, so they came up with a solution: GraphQL caching. That idea grew into Stellate. In this episode, Max shares his path from open source to co-founding a company. Watch the full conversation here: https://lnkd.in/eGGHVrkb
GraphQL is NOT Dead & $30m from VCs Proves It with Max Stoiber, Founder & CEO at Stellate
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