Business, Innovation and Managing Life (April 10, 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 young entrepreneurs? Can children be successful in business? - Is it good to have variety in my resume when applying for jobs? How valued are long-term employees of one company vs. an applicant who has had many different jobs? - How does one generate a succession plan for a company? - Do you think the software market is over-saturated? It feels like there are many untapped innovations in areas like materials sciences and hardware. - What's the best way to get funding for a physics-based R&D company? I am starting one and need help. - What are some benefits to an internship? - Is the AI development just a short-term fashion, like in the 80s? - ​​Will owning/running private businesses ever be superseded as an economic form? - I think the best advice for young entrepreneurs is "Don't do it." If they do it anyway, that's real entrepreneurship. - What would you say to individuals who are interested foremost in making a difference in the world rather than a monetary incentive? How would you weigh the choices between pursuing traditional academia, working on the cutting edge within the private sector or pursuing research in one's own time independently (assuming their life allows such freedom)? - How about setting up non- or not-for-profit R&D? - How much do you think businesses will have to adjust to account for AI workers if they take off? - What about one-person corporations? Zero-person corporations? - It seems to me that public libraries should offer access to journals as well as books. Thoughts? - ​​There is already an inundation of LLM-written, peer-reviewed papers, adding to your point. - In Sweden, we have a book bus that drives around with books to suburban areas.