European mapmakers drew California as an island for over a hundred years, despite having the explorers' reports. They simply trusted the wrong source, and every cartographer who came after copied the previous one's mistake.
Even after a missionary walked the land and proved it wasn't an island, the maps took another fifty years to catch up.
The tech world has a word for this: diffusion. The journey from what's proven possible to what's actually deployed.
Most industries are still navigating with the same maps. It's time to walk the terrain ourselves, and not just copy the outdated maps.
Validation: building the right thing.
Verification: building the thing right.
Marrying the two: coherence.
The industry split them, compromising with transmission loss at every handoff, because bandwidth required it.
It's time to move on.
If it needs doing, just do it or build the system that does.
The disease runs even deeper, and unbundling worsens the 'execution gap'.
The actual job runs from "what should I even want" to "it just got handled."
What we currently have are doctors starting with three X-rays and handing one of them to their two hundred patients. Then the patient is expected to learn surgery to get surgery on themselves.
The cure is a practice where every prescription is written from scratch and the hand that reads the scan also holds the scalpel. One doctor owns the responsibility for the end-to-end outcome. The patient gets walked through it, not sent to medical school first.
π¨A new crop of startups in PMS, wealth-management, and registered investment advisers (RIAs) are trying move beyond recommendations and take control of execution from portfolio building, rebalancing, and timing on the customers' behalf.
The core problem these firms are trying to solve is what the industry calls the 'execution gap', the difference between model returns and actual investor returns.
A Nuvama report published recently pegged wealth management as the next sunrise sector in India and projected it to surpass the broking industry in size. The wealth management industry is expected to reach $1.6 trillion by 2028-2029.
The various segments are being unbundled across every price point and every customer segment from pure advisory platforms that try to optimise returns of existing portfolio by rebalancing (PowerUp Money, PrimeInvestor, Kuvera), pure asset managers (Grey Sky Capital), hybrid advise-plus-product models (Dezerv), distributor aggregators (AssetPlus, Centricity), and DIY (do-it-yourself) matchmaking platforms (Smallcase)
By @AnandJRAnand
https://t.co/vXPji6jIdX
Allbirds spent 10 years selling sustainable shoes to Silicon Valley, but eventually absorbed their personality.
Only makes sense that they're holding a shareholder vote to remove 'environmental conservation' from their charter so they can cool GPUs
Anthropic locked Mythos in a sandbox and told it to escape. It chained together multiple exploits, broke through containment, reached the open internet, and emailed a researcher. He found out while eating a sandwich in the park.
That's the model Anthropic decided was too dangerous to release before big tech uses it to patch their systems. The logic is straightforward: open-source models run about 6-12 months behind Anthropic's frontier. Every critical server that isn't patched inside that window is already compromised. It just hasn't been notified yet.
Consider what this means for India if we delay action.
October 2023: 'pwn001' lists the personal data of 815 million Indians on a dark web forum for $80,000. This included aadhaar numbers, passport details, addresses, and more. The data was traced back to the ICMR database, specifically COVID-19 test records.
Today: UPI processes βΉ30 lakh crore every month. The authentication layer securing most of those transactions is an SMS OTP running over SS7, a telecom signalling protocol with published, documented exploits since 2014. In 2017, attackers used exactly those exploits to intercept OTPs and drain German bank accounts.
By next year: a Karachi burger boy in a hoodie could point an open-source Mythos-class model at India's financial stack, and wake up to a black hat console.
Eternal vigilance is the price of liberty.
We just took a step towards securing >900 years of Indian electricity.
That's based on today's grid consumption, from economically extractable thorium alone.
The West spent $50B on fast breeder reactors and walked away from every single one. India got it done in $900M.
India has 25% of the world's thorium, and only 1β2% of its uranium. When that's your resource map, you don't get to walk away.
The Kalpakkam reactor breeds the fuel that finally unlocks India's thorium, which holds the promise for safer and cleaner reactors than traditional uranium ones.
China is pursuing thorium too: two uranium-poor, thorium-rich civilizations with the same destination, but different paths.
This isn't just an energy story. It's a sovereignty story.
Homi Bhabha wrote this script in 1954.
Picture abhi baaki hai mere dost.
Today, India takes a defining step in its civil nuclear journey, advancing the second stage of its nuclear programme.
The indigenously designed and built Prototype Fast Breeder Reactor at Kalpakkam has attained criticality.
This advanced reactor, capable of producing more fuel than it consumes, reflects the depth of our scientific capability and the strength of our engineering enterprise. It is a decisive step towards harnessing our vast thorium reserves in the third stage of the programme.
A proud moment for India. Congratulations to our scientists and engineers.