Technology

I don't think hope or fear, or someone getting rich or poor is really relevant in this case.

They first say:

Rose and Ohanian have now joined forces to “revive” the platform with a “fresh vision to restore the spirit of discovery and genuine community that made the early web a fun and exciting place to be,”

But then they go on to say:

So why now? It’s a combination of reasons, according to Rose, who says that the existing social media landscape has become toxic, messy, and riddled with misinformation — and AI is well-placed to address that. Just the “out of the box stuff,” is “insane,” Rose observes, noting there are “Google endpoints already where I don’t even have to mess with a model at all, where I can get sub 200 millisecond response times on any comment under about 300 characters and rated across 20 plus different vectors of of sentiment, so violence, toxicity, hate speech — you name it. Like, that just wasn’t possible five years ago.”

More broadly, says, Rose, “We’re at this other inflection point around AI and what it can do. And when you think about these big shifts, they require you to go and step back and revisit first principles and think about how you might change [a business] from the ground up, and that’s what Alexis and I and Justin [Mezzell],” who is a longtime collaborator of Rose and now Digg’s CEO, will be doing, he said.

It's pretty clear that they are looking to build an AI enhanced social network, so why bring up "the spirit of discovery and genuine community?" That is not their goal, their goal is to leverage AI; without it, they would have never undertaken this initiative. No AI, no social network.

I will point out that I never mentioned anything about the utility of AI. It's a tool, what comes out of it depends on how it is used.

I also don't see on what basis one should assume a bunch of vapid techbro ghouls would be interested in building "something good". Their goals revolve around scalability, unit economics and exit plans. If that's not the case, surely they must have started a non-profit entity and/or implemented independent governance measures that would include stakeholders beyond themselves and investors.

Am I being unreasonable here?