I worked in bank liquidity and treasury for the better part of the last decade, and there is one very interesting risk factor from the SVB collapse that I do not think we have ever witnessed before in modern finance, a ๐งต:
At this point with all of this information at our fingertips, it feels like political parties are more of a psy-op than anything.
It creates a subconscious confirmation bias whenever someone from your party says something, or even worse from the opposite side.
Itโs almost a mechanism to keep people rooted into a point of view without giving them the mind space to properly develop their own point of views.
Weโve seen it trickle into issues that are not innately political across pop culture and current events.
Itโs getting to be really toxic for our country now.
Don't see why most software businesses that are not building AI models and need to rent or build massive compute don't go this route.
Distribution has been democratized.
Product development has been democratized.
The amount of money you need to get from point A to B to C to D has dropped substantially.
It's... harder, and you get no financial relief until you figure out how to sell product to customers consistently, but you'll likely have a stronger business that accounted for good customer fundamentals and value out the other side while keeping the upside for yourself.
Hey... listen... no one said this was gonna be easy, or that there was an easy route.
But it is possible today to have more of these type of outcomes with AI enablement.
For every major step up in technology, the app or consumer layer has always been where 99% of the value accrues.
When refrigeration was invented, it wasn't the refrigeration companies who won, it was Coca Cola, who could now expand their footprint and streamline production.
When internet wires were laid, it wasn't the fiber companies who ultimately won, it was the killer consumer applications like Amazon, Google, and Meta.
Blockchain and crypto were a theoretical step change in how we facilitate payments and privacy, but no one won (yet), because the industry never focused on making products with their tech that moved people's lives in a meaningful way.
And now here we are with AI.
Everyone is obsessed with the model companies, chipmakers, and neo-clouds.
But if you study history enough, you'll realize this time is NOT different, it's just a different flavor of a pattern we see.
The real step-change will come from those who figure out the best usage of this new technology, and use it to meaningfully improve our lives in unique and novel ways we haven't imagined.
It seems we have finally remembered to run the societal playbook on the carbon footprint of AI.
Don't post here anymore, but wanted to resurface this banger from 2023.
Chat GPT came so fast we forgot to run the societal playbook on it, one step of which is criticizing its carbon footprint. I marvel at our collective ability to demonize blockchains on this and then stay mum on AI. So I asked Chat GPT about its impact. This is what I learned:
@BenBrey Oh I remember! I stuck it out through a pandemic to win that bet. Dedication to the cause. ๐
I'm with you on AI... talk about overhyped. Hit me up when Yan Le Cunn finishes his world models.
This is being taught as best practice! I have seen so many "here's my 18-20 step outreach framework that works 70% of the time" courses, webinars, social posts.
It's kind of gross.
Email, then call, don't leave a message, go on linkedIn profile.
Email again, then friend on LinkedIn etc. etc. You get the picture.
The worst is when they try to automate it, literally is the most transparent thing.
Let's just say... my spam button is being used a LOT more today rather than the "Unsubscribe".
So many AI commercials during thanksgiving football.
Reminds me of late stage crypto bull market when we had Larry David FTX ads.
Itโs like theyโre trying to make fetch happen.
A great PM also has a knack for communicating why the product makes users lives better or the problem it solves.
I know that is technically a marketing function, but it's 100 times more effective if the person overseeing how the thing people buy is being built can funnel that story.
IMO that is what is missing in a lot of the crypto space. Once you get past the hype marketing, where's the mission, where's the future they envision, where is the tangible use today?
If you have someone at the head of product that needs to balance creation and utility to customers, you would probably get better outcomes and more normie adoption....
Masterclass by @Kaylan_Sliney
Brands are fleeing social like a reactor just melted down and sprinting straight intoโฆ newsletters. Beige blasts. Coupon-core aesthetics. โCommunity updatesโ that feel like HR memos. Everyone from retailers to NBA rookies thinks connection is long paragraphs and *~*vibes.*~*
New Rule.
If you add me to your email list without permission, you ain't getting the unsubscribe. You're getting the dreaded SPAM designation.
Been actively tracking this the last month with "Manage Subscriptions" in Gmail.
God bless why didn't they make this before???