Every additional bureaucratic hurdle reduces diversity in the software ecosystem and concentrates power in the hands of large established players who can more easily absorb such compliance costs.
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Michael returned to Silicon Valley where, following a brief run at social media analytics company Klout, he joined Uber in 2013 as chief business officer and a close lieutenant to CEO Travis Kalanick. Over the next four years, he helped orchestrate one of the most aggressive expansions in corporate history, in which Uber raised nearly $15 billion and saw its valuation soar to roughly $70 billion.
Meanwhile, other tech leaders have warned AI will eventually lead to fewer jobs. Amazon CEO Andy Jassy said last year the company would probably need a smaller headcount as AI started to automate tasks. And Salesforce CEO Marc Benioff said he “needs less heads” after reducing the company’s customer support workforce by 4,000 as AI takes over some work.
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