Reid Hoffman, the billionaire co-founder of LinkedIn (LNKD), is not joining in the Silicon Valley transfer to fact checking, a recent approach adopted by Meta (Meta) on Monthly decided to relax its fact-checking approach to support user-driven warning policies. Speaking at today’s Paris AI Action Summit, Hoffman said: “I want to see more rollbacks from the tech industry that could mean anti-vax misinformation or other types of things.” 10).
In January, Mark Zuckerberg announced that Meta’s nine-year-old fact-checking system relies in part on third-party organizations and will end. Instead, the tech company will adopt a “community notes” model that reminiscent of what Elon Musk’s X uses, which relies on users rather than experts to mark error messages.
When asked about Zuckerberg’s recent hub, Hoffman said: “LinkedIn reflects more about how I think about these things.” The career-focused social site that Microsoft (MSFT) acquired in 2016 remains A policy that prohibits false and misleading content.
Hoffman said that “but, you want to get the equivalent of fact-checking”, it is very important to continue to innovate in this direction. “I think having civil dialogue and a space is very important,” he added.
Reid Hoffman’s Silicon Valley Tie
Hoffman, whose current net worth is estimated at $2.6 billion, is closely related to the technology industry. Hoffman, an early PayPal (PYPL) executive and a member of the original “Paypal Mafia”, was a board member of companies such as Microsoft, Airbnb (Abnb) and OpenAI, and he was an early investor.
Hoffman supports dozens of AI startups through venture capital firm Greylock Partners. In 2022, he co-founded AI, a company known for chatbot PI, with others. Earlier this year, he launched Manas AI, a startup focused on drug discovery.
Although his Silicon Valley peers are largely tied to the Trump administration, Hoffman, a prominent supporter of Kamala Harris’s 2024 campaign, is even more reluctant to accept the new administration . That said, he praised the president’s efforts to support AI, especially the Stargate project, a $500 billion joint venture between Openai, Softbank and Oracle. “It is very important for all governments to have dialogue with the tech industry,” Hoffman said.
This scale of collaboration is necessary given the potential impact of AI advancements, which Hoffman calls the “cognitive industrial revolution.” He added that in addition to increasing major productivity, AI challenges will include monitoring the social transition to new technologies.
But unlike some tech leaders, Hoffmann does not advocate stopping in AI development, but rather believes that as the technology progresses, the right regulations will form. “Someone said: Stop, stop until we can figure out all these possible intangible harms,” Hoffman said. “There are millions of possible negative factors that you are not just trying to eradicate all the negatives. ”
