Fintech Matters

Exploring the future of finance and technology. Insights on fintech, blockchain, startups, and market trends. Empowering you to navigate the digital economy.

[Sumanth @Sumanth_077]

Ilya Sutskever’s 30 Essential Reads for Mastering AI!

“If you really learn all of these, you’ll know 90% of what matters today”

- Ilya Sutskever

[Arvid Kahl @arvidkahl]

I want to run AI agents to scrape specific URLs and do some data extraction until they find a certain kind of information. Like an AI investigator.

What’s the framework that allows for this kind of cutting-edge stuff? Is there an AI agent project that we should be using?

[Naval @naval]

The singular trait of a leader is courage.

[GREG ISENBERG @gregisenberg]

this youtuber with 9m subs saw his wife struggle to find a quality wheelchair — $5k price tags, long waits, made in china

so he built his own factory in the USA

now, he sells these $1,000 custom wheelchairs, shipped in weeks

we need more creator-led businesses like this.

[Dr. Julie Gurner @drgurner]

Outlier Success requires Outlier People,
And yet everyone tries to be the same.

[Dr. Julie Gurner @drgurner]

If you want to have a high energy life, you can't be stuck in places, jobs, or with people that pull it from you.

[Robert Greene @RobertGreene]

Do not waste time on things you cannot change or influence. Just keep moving.

[@levelsio @levelsio]

Imagine being Sundar Pichai now:
- you had the largest continually updated data set of any company to train AI on (the Google Index)
- you invented the underlying technology of LLMs like ChatGPT in 2017 called Transfomers
- you had complete search dominance: all you had to add was AI and you'd own the market

And yet:
- you managed to complete fumble your massive head start and was late to everything
- you made your APIs so hard to use nobody seriously integrated it into their apps and people instead went Anthropic and OpenAI
- you now see your search dominance quickly slipping away to Perplexity and yesterday's launched ChatGPT Search

This will be a business case studied in universities for decades

[Justin Welsh @thejustinwelsh]

Owning 100% of your time is the biggest flex in the modern era.

[Fintech Matters @fintechmatterss]

I have made a substack of Fintech Matters ,seeking to write & evolve in FinTech domain covering diverse aspects of Financial (Financial markets, Economics) and technical worlds (AI,ML) both.

I aim to create a deep & regular understanding for my audience.
Where should i start??

[Vivek Singhal @TheVivekSinghal]

Chanakya says that lazy people don’t live a better life.

[Fintech Matters @fintechmatterss]

All those people saying tax is too much now on property...can they please confirm how much effective tax they have given on their property purchase..and also confirm the total amount and ratio of Cash to cheque payment for the purchase.

[Aishwarja Nath @AishwarjaNath]

Jio entered the broking sector and shortly after, SEBI restricted other brokers from offering free services or zero charges. Is there a possible connection between these two events?

[Fintech Matters @fintechmatterss]

Nifty remained stable today, narrowing the losses made over last 3 days.

#FintechMatters

[Fintech Matters @fintechmatterss]

Hello all,

I will be posting daily stuff about finance and technologies.

We will be covering financial markets, Artificial intelligence stuff, Financial technology sector across the world and how they operate their firms.
Universal Fintech is the future.
#FintechMatters

[Rahul Mathur @Rahul_J_Mathur]

In 2020, Jio Platforms went on a fundraising spree - raising $20bn in exchange for a ~33% stake (i.e. ~$60bn valuation)

The cap table was stellar: Google, Meta, Silver Lake, KKR, Vista Equity Partners, General Atlantic etc. Now, the PE clock is starting to tick - 4 years are up:

And, no surprises, we’re starting to hear more discussions about a possible Jio IPO. Per Jefferies, Jio is valued at ~$133 bn right now (approx. 2x of what the PE round was at).

Given India’s IPO norms, the “smallest” possible IPO figure from Jio would be India’s largest IPO yet i.e. more than ₹55,000 crore (LIC was ~ ₹21,000 crore & Hyundai India is expected to be ~₹25,000 crore).

Here’s a quick comparison of Jio then (FY 20) v/s now (FY24) ⤵️

(1) Net profit for FY24 is ₹21,423 crore i.e. X4 higher than ₹5562 crore (FY 20)

(2) Subscriber count in FY24 is 481.8 million i.e. 25% higher than 387.5 million in FY20

(3) APRU is ₹181.7 per month which is ~40% higher than ₹130.6 in FY20

(4) Avg monthly data usage per user is 28.7 GB which is 2.5x higher than 11.3 GB in FY 20

✅This is fairly commendable progress by Jio over the past ~4 years. In addition: Jio has launched a bunch of products like Jio Fiber, Jio Payments etc (check my old post on the Jio Stack below)

📊At the valuation pegged by Jefferies, Jio would trade at ~50 PE which is ~1/2 of where its peers Bharti Airtel & Bharti Hexacom trade at (I am ignoring Vodafone here lol).
- Hence, I would imagine (given Jio’s advantages & performance), it might trade at a much higher price than what Jefferies suggests.

➡️This would be mammoth IPO and vindication of RIL’s deep conviction to invest ₹85,000 crore (~$14bn) into kick-starting Jio Platforms.

[Aman Goel @amangoeliitb]

@shetty_shishir @nehanagarr Nope. The idea is to first grow to a huge amount of revenue. Like Rs. 5000 crores. And then slow down the growth and rather move towards profitability and then go public.

[Fintech Matters @fintechmatterss]

For Mamaearth , my strategy would be 'Buy the dip".

#MamaearthIPO #Mamaearth

[Vijay Shekhar Sharma @vijayshekhar]

What kind of bug fix description is this?

[Sanjeev Sanyal @sanjeevsanyal]

Joe Rogan show discusses how ESG Ratings are a tool of global control in the hands of a very small cabal. Exactly what I have been arguing.

https://t.co/9l4ksH39UF