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US-Asia CEO Forum - Shared screen with speaker view
Michelle Kraus
02:20:29
Congrats Tom Kenny. This is important story to tell to entrepreneurs un the US and abroad. The Pandemic has changed the way we work and the way we innovate. Love the lab in the garage case. Thank you.
Bill Diamond
02:23:54
That’s a wonderful point. Data doesn’t solve problems, knowledge doesn’t solve problems, people do. It’s definitely all about transformation and how we use powerful new tools - not about the tools themselves.
Olaf Groth
02:30:35
Dataism is the obsession of our times
Olaf Groth
02:31:21
It is at once the lifeblood and the illusion of the true value of business
Bill Diamond
02:34:25
Great point, Olaf. New tools and techniques create so many wonderful new opportunities, but also come with fresh concerns and issues that must be addressed - e.g. ethics issues in applied AI/ML
Kevin Kuhn
02:35:53
We can use technology to teach skills. But we need to rethink how we teach social skills and interpersonal communication skills
Olaf Groth
02:37:32
Completely agree, @Bill. As CEOs our purpose should be to build better lives for customers and create better societies in the process, not to make a quick buck by objectifying people as a data construct
EJ Dieterle
02:39:18
fully agree Chenyang, you need to RIGHT people how have the skills the company needs.
Bill Diamond
02:40:22
Developing people and talent is critically important. Smart VC’s will tell you, they invest in people and teams, not in products or ideas. Digital transformation is a business reality we all need to embrace, talent development and leadership skills will never diminish as a top priority for business leaders.
Kevin Kuhn
02:41:11
@Bill I completely agree people, people and people are most important.
Lake Dai
02:41:31
No it doesn’t. Data provides insight for human to make decisions
Bill Diamond
02:42:27
Data is useless without the talent and knowledge to process it, understand it, and leverage it. That comes back to people.
EJ Dieterle
02:42:54
its the age-old question - what's more important: people of the product … the answer is people, of course, i.e. the RIGHT team can adapt to the situation and adjust (understand) the product.
Bill Diamond
02:43:25
Absolutely!
Dave Marvit
02:44:56
c
Lake Dai
02:46:04
Games
Lake Dai
02:46:30
Game’s goal is one dimensional - win or loose. While the business goals are a lot more complex
Bill Diamond
02:47:55
Alpha Go cannot be beaten in the game of GO. But Alpha Go is not prepared to run an organization. Leadership is all about looking to the future and setting a course - and then adapting along the way. AI is not yet ready to do that...
Olaf Groth
02:48:43
I agree with you and Lake, Bill!
Bill Diamond
02:49:05
Go David Go!!!
Olaf Groth
02:50:08
Yes, that’s true. We said we’d never make it to Mars either
Olaf Groth
02:50:38
In 50 years we might have AGI
Bill Diamond
02:50:57
Mars is just the beginning. THIS at least, is a subject I can weigh in on with some authority. No so much the rest… :)
Olaf Groth
02:51:19
It’s the upper right hand quadrant of Kai Fu’s matrix
Olaf Groth
02:51:33
that the most defensible for the CEO
Jennifer He
02:52:48
There's big data and there's thick data.
Jennifer He
02:53:06
Big data tells you what, Thick data tells you why.
Olaf Groth
02:53:13
Thick data. That’s interesting
Jennifer He
02:53:46
Thick description tells you a human story.
Victor Fang AnChain.ai
02:54:31
im happy to share a small silicon valley AI startup's covid19 survival story. :) Survival bias.
Jennifer He
02:54:42
Ericsson missed market opportunities because they totally relied on data to make customer decisions.
Olaf Groth
02:54:52
Data is non-rivalrous. In order for a CEO to derive value form it they have to frame and package its uniqueness
Olaf Groth
02:58:11
The CEO’s chief role in Cognification is to create trust. It is the single most valuable currency in life. Much more daily lost and much harder to regain than money.
Olaf Groth
02:58:50
Without trust there can’t be data donation much less data trading.
Bill Diamond
02:58:58
That’s a quotable quote, Olaf. So very true.
Olaf Groth
03:05:09
That’s a bucket of item, Bill 😂
Thomas Kenny
03:05:15
I’m 100% with Victor - conserve the cash, focus on the people, keep the team, do what can be done within the circumstances.
EJ Dieterle
03:06:03
it's the GREAT TEAM behind the CEO!
Bill Diamond
03:06:04
Of course we all have a vested interest in self preservation… :)
Olaf Groth
03:06:36
People are the one thing that will make life better. 2.5M years of joint evolution. Humans are expensive but indispensable on e we know how to measure their value. At the moment we don’t really.
Lake Dai
03:06:47
For CEO: surround yourself with good people - investors, team, long term customers
Bill Diamond
03:08:22
So true, Lake. Always bring into your organization the best possible talent, creativity and intellect that you can find. I’ll take talent and wits over experience every day of the week.
Olaf Groth
03:08:30
Yes, Richard. Metricizing people is not the same as leading them and caring about them.
Victor Fang AnChain.ai
03:08:33
https://www.slideshare.net/DrVictorFang/startup-fundraising-during-covid19-berkeley-founders-fireside
Victor Fang AnChain.ai
03:08:49
Thanks Thomas on the cashflow :) that's what I shared w/ the Berkeley founders.
EJ Dieterle
03:09:10
GREAT JOB everyone!