Peter Thiel: ‘Crypto Is Libertarian, AI Is Communist’

Peter Thiel: ‘Crypto Is Libertarian, AI Is Communist’ (ZeroHedge)

Peter Thiel is known for extending an idea to its logical extremes and then inverting it. The habit has served him well as one of tech's most contrarian and successful investors. 

Talking about two of the technologies that Silicon Valley is most excited about right now -- cryptocurrency and artificial intelligence -- the controversial billionaire and PayPal cofounder used this technique on Wednesday night.

"Crypto is libertarian, AI is communist," Thiel declared, during a public debate with LinkedIn founder Reid Hoffman at Stanford University's Hoover Institute.