Priceonomics

We turn data into stories.

[Priceonomics @priceonomics]

Incredible launch

[Markie Wagner @markiewagner]

Introducing @PoeticHQ: a new AI system that executes complex multi-hour tasks with 99%+ accuracy and 10x fewer tokens than agents.

We raised $50M at $500M from Kleiner Perkins, Founders Fund, First Harmonic, and Genius Ventures to build AI that does complex work inside Fortune 500 companies without hallucination.

While code is too brittle, agents are too unpredictable. The work that runs the global economy - anti-money laundering, fraud investigations, underwriting - needs extreme accuracy.

So we built a new kind of software that pairs the flexibility of AI with the predictability of code.

When the world stays the same, Poetic runs fixed code: fast, cheap, identical every time. When the world changes, Poetic uses AI to regenerate its approach and find its way back to the objective.

In one year, we went from zero to an eight-figure run rate as a team of four.

Since then, we’ve scaled the team and executed the highest-stakes processes at AIG, SoFi, and Chime. At SoFi, a large US bank, Poetic reached 99%+ quality on fraud investigations in five weeks.

[Priceonomics @priceonomics]

@samueloshay

[Sam Oshay @samueloshay]

I think about this ad every time I fly to New York and have to sit in JFK traffic

[Priceonomics @priceonomics]

fun fact: the fireworks at the marina tonight were donated by soham parekh

[Will Robbins @whrobbins]

Emil Michael: America’s Regulation Problems and Opportunities

The great innovations of the past 20 years — Uber, Airbnb, Bitcoin — all involved companies dealing with real-world regulation. @emilmichael led this charge at @Uber.

As AI potentially impacts all industries, self driving cars finally start operating, and the Supreme Court’s reversal of Chevron suggests regulatory reform, what is in store for this next era of innovation in America?

Emil and I spent 90 minutes talking about:
- Why California’s rail track will cost $128 billion
- What self-driving means for rideshare in 2024
- How to fix our regulatory landscape

Watch the video here:

00:00 intro
00:42 regulatory capture
03:23 why we can’t build anything
09:25 software culture in America
11:20 “Uber for X” opportunities
17:07 winner-take-most markets
30:45 self driving cars and Uber
43:00 becoming a “talent vortex”
49:20 the New World of PR
58:28 what Emil is doing now
1:03:00 the landscape for founders
1:11:20 our antitrust regime
1:24:30 writing better policy

For the full video in beautiful 4K quality, visit YouTube! https://t.co/BlFzNYpEeU

[Priceonomics @priceonomics]

Word on the street is that it's slated for May/June, but that was before the Claude-3 release.

[anton @abacaj]

The odds of a gpt-5 release just increased significantly

[Priceonomics @priceonomics]

What would a model need to score on these benchmarks for >50% of the public to declare it AGI?

[Anthropic @AnthropicAI]

Today, we're announcing Claude 3, our next generation of AI models.

The three state-of-the-art models—Claude 3 Opus, Claude 3 Sonnet, and Claude 3 Haiku—set new industry benchmarks across reasoning, math, coding, multilingual understanding, and vision.

[Sam Oshay @samueloshay]

The past is a foreign country.

The 747 today is a popular freighter. In many ways, it’s the world’s greatest freight aircraft.

The 747, first produced 56 years ago in 1968, was planned as a stopgap aircraft for commercial airlines until a supersonic commercial jet could be released.

Boeing never shipped a supersonic jet, and we still fly the 747 for both commercial and freight use cases.

[Recurrency @recurrency]

It's a proud day at Recurrency! 🎉

After many years of effort, we're excited to announce $22 million in new funding to enable us to accelerate to the next level. 🚀

https://t.co/eemLjKKtV4

[Priceonomics @priceonomics]

Only God can make a tree, but Tim Cook comes close with the iPhone supply chain.

https://t.co/wh1cEIaioJ

[Priceonomics @priceonomics]

I'm alive.

[Priceonomics @priceonomics]

People Left Cities for Rural Zoom Towns. How Does That Impact Wildfire Risk?

https://t.co/BnVRYKPN6R

[Priceonomics @priceonomics]

Senior Citizens Face Mental and Financial Stress, Especially Women
https://t.co/fsBQXzGbwT

[Priceonomics @priceonomics]

The Fortune 500 CEOs with the Best (and Worst) Headshots

https://t.co/sBDGJr6qPE

[Priceonomics @priceonomics]

The Companies Where Employees Most Often Get Payday Loans

https://t.co/VAO7oIuYCQ

[Priceonomics @priceonomics]

The Places with the Best (and Worst) Nursing Homes in America

https://t.co/Pn57dD2fOY

[Priceonomics @priceonomics]

The Pandemic Plastic Waste Disaster

https://t.co/3X2hV0Xt18

[Priceonomics @priceonomics]

New York City Exodus -> The New Jersey Single Family Home Price Boom

https://t.co/A0LWRAxHS9

[Priceonomics @priceonomics]

Why Do People Get Payday Loans? Here’s How it Breaks Down By Income, Age and Location

https://t.co/nN9qGlN4GV

[Priceonomics @priceonomics]

The Wildfire West: Where Housing Sprawl and Wildfire-Prone Areas Collide

https://t.co/ySmQJXJk1n