Salesforce

Obama: We’re "chasing after the wrong things"

President Barack Obama, speaking at an Obama Foundation event
President Obama, speaking at an Obama Foundation event last month. Photo: Scott Olson/Getty Images

"We need to stop believing that more and bigger is better. We are chasing the wrong things," former president Barack Obama told a Silicon Valley audience Thursday.

Why it matters: Obama's warning has an added layer of meaning here, where the tech industry has grown powerful and rich by mastering the art of "scaling up."

Tech companies use huge conferences to battle for developer attention

Salesforce
Photo: Salesforce

As giant tech firms fight for the attention of their industry, they're putting more money and effort into transforming their conferences into mindshare-grabbing shows.

Why it matters: Tech firms use these events to woo business partners, inspire users, reward loyal developers and attract programming talent. For a wildly profitable industry, they're also becoming a new arena of excess.