In 1983, Ritz-Carlton did the unthinkable:
They gave every employee the power to spend $2000 without approval.
Most thought this was a HUGE risk.
But 40 years later, this one rule has revolutionized luxury hospitality forever.
Here's the story behind the famous $2000 rule🧵:
China's AI wins again
Alibaba just secretly dropped Qwen 2.5 Max AI, it takes AI video generation to next level and.. it's free
10 examples:
1. woman is quarrelling with a man on a crowded street
Announcing The Stargate Project
The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.
The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.
Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements.
As part of Stargate, Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system. This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle.
This also builds on the existing OpenAI partnership with Microsoft. OpenAI will continue to increase its consumption of Azure as OpenAI continues its work with Microsoft with this additional compute to train leading models and deliver great products and services.
All of us look forward to continuing to build and develop AI—and in particular AGI—for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity.
Not quite what I was expecting from @levelsio#interiorAI
Tried the virtual staging to get a Scandinavian bedroom... ended up losing my window and no furniture added.
Starbucks annual sales is ~$40B across 37k+ stores.
At such scale, it’s very profitable to shave a few seconds off each order.
Per Bloomberg, Starbucks would make an extra ~$900m a year if each store served 5 extra patrons per day.
That’s why Starbucks is spending $450m on a new bar setup called Siren System (video below), where the key ingredients — dairy, pumps, caffeine, ice — are placed in a new optimized counter.
Take a Mocha Frappuccino:
▫️Under the existing system, it takes 16 steps and 87 seconds
▫️Under Siren System, it will be 14 steps and 36 seconds.
There are currently 383 billion potential drink combinations at Starbucks. And orders have gotten so ridiculously elaborate, that the average wait time is 5 minutes.
Why does Starbucks put up with the extra? Cause “extras” on the order are worth $1B a year.
For people like me — who just want a simple black Trenta iced coffee — it’s kinda annoying.
The Siren System will be in 40% of US stores by 2026. Can’t wait for the full rollout to more efficiently put caffeine down my skull.
Incredible how one artist, @MrUgleh created a new branch of AI art 🌀
Say what you want, but this is creative, novel, and endless. Incredible to see the community pick this up so fast
Below are some more examples and how to do it yourself 🙌🏻