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by bavent
1966 days ago
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Does that actually work though? I've been buying things on Amazon for over a decade. For a while I got my groceries through them, I watch a lot of stuff on Prime Video. You would think they, of all people, know what I like. I can't think of more than a couple times where anything suggested to me was actually something I wanted. Even when I used FB, the ads were so off target from things I am interested in as to be laughable. Like, THIS is the best you can do with teams of engineers making > $200k/year throwing AI at everything? I'm not convinced that all of this tracking crap is just a way for them to market their ad business - "Look we gather all this data about people, your ads will definitely be seen by people who we know for a fact will be interested in them because of coding and algorithms and machine learning and blah blah blah." |
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Maybe it is the best we can currently do and maybe it isn't objectively great. But the real question: is it better? I mean, better than the random shotgun approach that was TV, magazines, bus wraps, billboards, etc. Is it better than the spam flyers or "yellow pages" the post office delivered to every single household in some geographic area?
Rather than compare to some idealized perfect, we should compare to the practical alternatives. Maybe this is legitimately the best we can currently do given the state of AI and machine learning. If that is the case, the right question for both advertisers and consumers is whether or not it beats the available alternatives. Because if it does, and advertisers seem to think it does, then that explains why Google and Facebook are worth what they are worth and how they can afford to pay what they pay.