Business, Innovation and Managing Life (March 6, 2024)

Stephen Wolfram answers questions from his viewers about business, innovation, and managing life as part of an unscripted livestream series, also available on YouTube here: https://wolfr.am/youtube-sw-business-qa Questions include: What advice do you have for business investors to pick the right ideas? - ​​What about repetitive herds like AI, and especially VR? - VCs don't care to move science forward, in my opinion. - How could a knowledge-based economy be structured, and is it possible for AI and cryptocurrencies to assign value to goal-oriented AI systems that enhance human survival and curiosity? - Just as all true innovations change something in the world for the better, is it true that all innovations can, if properly organized and packaged, make a lot of money? What are the intersections of innovation and business? - What responsibilities appear when one generates a successful tech company? - So what you're saying is that we need an AI tutor tutor? - Innovation in technology is often putting a double-edged sword in the hands of many. How can I come to terms with it morally if someone abuses the power of the technology I invented? - How would you foster repeated innovation in a company, especially for a company with an established product or service? - ​What's the best/worst thing about owning a company to you? - How do you market or demo a product that is a vast improvement over existing methodologies but takes a massive effort to learn? - What do you do in a situation where you have a new idea, but the tech isn't there yet? - I'm joining a very large law firm to help them think through what the firm will look like as they adopt LLMs and GPTs. If you got charged with this task, how would you approach it? - ​Have you thought in the past to buy a company instead of developing your own? - ​​How far is AI from setting its own goals/objectives?