I have worked with engineers that you've blinked they have built and invited you to testing.
They are so enthusiastic.
I can never go back to consulting or working on a team where marketing and engineering or the product team are in rivalry because of ego.
Not happening.
I think school accidentally teaches one habit that's terrible for creativity.
It rewards finding the right answer.
Real life rewards finding an answer nobody else thought of.
> Don't be Intuit
> Spend 20 years lobbying Congress so Americans can't file taxes for free
> IRS Direct File finally dies, pop champagne, moat secured!
> Perplexity drops an AI tax agent three weeks later that reads your W-2 for the price of a chatbot subscription
> ChatGPT explains your 1099 better than the $209 "Deluxe" tier
> Intuit response: open a physical TurboTax store in Soho!
> Yes, a retail store...for tax software...in 2026
> Announce we'll pay for your Uber to come do taxes in person
> CFO on earnings call: "customers buy confidence, not code"
> Stock drops 20% during the call = most confident -20% you've ever seen
> Five year low, congrats to everyone who bought the AI story at $700
> Strategy update: deliberately letting DIY customers leave
> Translation: the ones who noticed "free" wasn't free
> QuickBooks pivot: "usage-based pricing," aka the meter now runs while you cry
> Mailchimp, purchased for $12B, currently held together with tape and apology emails
> Flagship innovation: AI that finds deductions, then upsells you a human to check the AI
> The human costs extra, the AI costs extra, the extra costs extra
> Board response: raise prices, issue $1.75B in bonds, add "agentic" to every press release
> Mention "AI" over 100 times during earnings call
> Meanwhile, somewhere an accountant with a Claude subscription does your tax return in 15 minutes for $50
"Character — the willingness to accept responsibility for one’s own life — is the source from which self-respect springs."
Joan Didion's classic meditation on self-respect: https://t.co/eOfr7tQjjY
CATL says they will mass-produce sodium-ion batteries this year.
Key advantages of sodium batteries:
- Sodium instead of lithium
- Hard carbon instead of graphite
- Aluminum instead of copper (mostly)
- Better safety
- Better cold performance
These will be particularly important for large-scale energy storage systems where energy density matters less.
Ashim Egunjobi, Co-founder of Octerra Capital, a Venture Capital firm, explains what her company considers before investing in a start up.
They look at the Founder Risk. The founder must have the grit, conviction and understanding to solve the problem.
Second thing is Business Model. And finally Market Risk.
1 of my employees had to sell all his stocks because he was marrying the daughter of a vice mayor of a large Chinese city. The vice mayor & his offspring had to divest all equities
In US Congressmen like Nancy Pelosi have better investing records than Warren Buffet or Bill Ackman
Pelosi would be jailed or executed if she were in China for the obvious conflicts of interest
No wonder Pelosi attacks China & labels it as evil & tries to brainwash the American people for 40 years that China's system is evil
Oh look someone who works for OpenAI telling you that
- AI is so dangerous! How can you let anyone but us handle it!
- Anyone who lets other people use it basically just doesn’t understand tech. They dumb boomers. We smart tho. Never mind their regulations actually show a highly specific and nuanced understanding of tech.
- open models will just mean communist dystopia where no one makes any money! Because you know, there is nothing else besides weights in the AI ecosystem. You open that and it’s GG humanity. No sir, if you are going to go broke, it should only be by using our models
- manipulatively use metaphors like “Chinese lab let an infinitely dangerous AI escape” to link back to COVID and stuff oh yeah we see what you’re doing, that’s a good one, be careful what fears you stoke and don’t be surprised when the public asks to slow down development
Oh wait you’ll just blame that on Chinese misinformation anyways, perfect plan, well done
Can't speak for him specifically but based on my interactions with mainland Chinese entrepreneurs who have completed graduate studies in the US:
Reasons to return to China:
- Much larger market opportunity to build a huge business (in real terms) where you can move and scale faster
- Family/friends and comparable quality of life (arguably better if you are a "city" person)
- Easier from a language and cultural perspective
Reasons to stay in the US:
- Greater opportunity to build a more valuable business (in nominal terms of market cap/valuation) and build financial moats
- Higher level of competition and overall degree of entrepreneurial difficulty in China; need to move/scale faster just to survive
- If they really like the suburban lifestyle or have already put down meaningful roots (e.g. older kids in school, existing network)
Side note: I have not met a single one who cites "CCP coercion" as the primary motivation to move back. I don't know why people are bringing this up; it makes zero sense unless you think the CCP are incompetent. Fear/"sticks" is a highly ineffective tool to recruit motivated, high-performing entrepreneurs. Adverse selection effect.
Instead, the CCP's main role is a carrots-based approach, particularly in fostering an ecosystem that is supportive and makes life easier for entrepreneurs to build and develop companies. This is also done more through local governments than the central government.
🇪🇺 Europe must actively redirect household savings into European equities.
EU household wealth grew only 55% between 2009 and 2023, versus 151% in the US, partly because Europeans invest far less in equities.
Half of euro-area households’ equity holdings finance companies outside the EU
The strongest incentives are tax advantages (55.6%), accessible investment products (53.5%) and financial education (52.3%).
Europe needs tax-advantaged accounts, investment education and simple products supported by a real Capital Markets Union.
This would unlock trillions in financing for European companies and multiply household wealth over time.
The internet has two ironies.
It was created to save us time. Now it takes our time.
It was meant to be a source of information, now it's a cesspit of misinformation
Everything in the world is like a coin with two sides, a good side and a bad side.
“Would anyone notice if something happened to me?”
A resident asked me that question five years ago.
I never forgot it.
Today, JAMA published my second essay, Would Anyone Notice?, inspired by that moment.
Looking back, I realize it’s almost a prequel to Time Is Finite.
One essay is about realizing our own time is finite.
The other is about realizing we never know how much time someone else has.
Medicine never stops moving. Maybe that’s why we have to be intentional about making time for ourselves and for one another.
Who in your life needs someone to notice them today?
@JAMA_current@p_johari_@NorthwellHealth
To burn out is better than to fade away. Better to be consumed by passion than by regret.
Apply yourself. Commit fully. Leave little of your potential unexplored.
Not every pursuit will succeed, but few things are more tragic than a life spent wondering what might have been.
Jensen Huang said it right:
“Greatness does not come out of intelligence, it comes from character. Character is not formed out of smart people, it is formed out of people who have suffered.”
"Reaffirmed commitment to open source" and "warns against over stretching the concept of national security as applied to AI" --> means that the reports a few days ago that China, like the US, wanted to ban foreign usage of its frontier models were fake news.
Only problem here is the wording "We KNOW.." otherwise, analysts get stuff wrong all the time, depending on the context and factors guarding the call. You can't predict how humans behave, but you can be prudent.
Preparing for higher prices and not seeing them > not preparing.