@chamath This will take a long time to happen and there is no guarantee they don’t go back to some of the systems they had. For example, we’ve seen fintechs build in house capabilities and ultimately go back to specialized vendors.
Tomorrow, we launch.
At sunset tonight, Artemis II waits on the pad, ready to carry astronauts potentially farther than any humans have traveled in more than half a century.
The next era of exploration begins.
[HelpNet] Sigma360 AI Investigator Agent reduces manual reviews. Sigma360 launched AI Investigator Agent, an autonomous GenAI agent that transforms how compliance teams handle risk alerts. This innovation leverages advanced AI and entity resolution... https://t.co/HAJbtdhq0O
Gabrielle Haddad, co-founder of Sigma360, in this new @TechRepublic article: “I advise founders to keep their hobbies, attend the out-of-town wedding, have dinner with your family — these are the things that keep you going when work gets tough.” https://t.co/Yl8V7zzKrG
On 5/23, Partner Zachary Goldman will be speaking at Sigma360’s webinar, Sanctions Evasion and Secondary Risk: Managing Global Compliance. Speakers will discuss changing regulatory guidance and emergent sanctions-related risks. Learn more and register. https://t.co/6zLIMN8R5i
#Sigma360, the definitive #AI-powered risk screening and monitoring platform, has launched Live Web Summary.
Live Web Summary is a #GenAI feature that streamlines risk monitoring by generating focused risk summaries from online news stories and open-source intelligence.
Our view on AI and financial crime compliance on the back of the recent Federal Reserve Working paper - spoiler alert, the results are incredible.
https://t.co/FWUtChPlhG
Governor @iamwesmoore, how about fast-tracking Tiny Brick Oven’s liquor license so they can stay in business and serve customers? It would be a wonderful holiday gift and a good demonstration of efficient and responsive government.
Thank you!
@stoolpresidente just gave their pizza an excellent review.
$PLTR
Palantir CEO Alex Karp on the AI landscape:
“America is in the very beginning of a revolution that we own, the AI revolution. We own it. It should be called the US AI revolution. Every single relevant company in the world is in this country. The second tier of those companies are in this country. The JV team of those companies are in this country. There is no other place at scale to do technology other than America.”
What I Read This Week…
Elon and Vivek shared their plans to reduce the size and scope of the U.S. federal bureaucracy.
Their plan focuses on five main areas.
First, they aim to remove regulations that Congress never explicitly authorized, using recent Supreme Court decisions as legal backing.
Second, they plan to cut the number of federal workers through workforce reductions, bypassing civil service protections by using existing "reduction in force" authorities rather than targeting specific employees.
Third, they will stop federal spending that wasn't authorized by Congress, which they estimate exceeds $500 billion per year.
Fourth, they intend to improve cost efficiency in government procurement by conducting large-scale audits of old contracts.
Fifth, they plan to address waste at the Department of Defense, which has a budget of more than $800 billion and has failed its seventh consecutive audit.
They plan to make these changes using presidential powers granted under existing legislation rather than trying to pass new laws through Congress, with a goal to complete this overhaul by July 4, 2026.
Let me add to this to clarify...when I was young, one great piece of advice I got was be the non-complainer. When asked by someone to do something, I would do it.
When asked to build a deck, I did it. And obsessed about every word, transition, image and animation until I felt it was pixel perfect. This took time.
When asked to build a model, not only did I try to understand the purpose, I made the model flexible, structurally sound and elegant. This took time.
When asked to work on a project, I took it on head first, developed some sense of it and then wrote a few pages explaining what I had learned and why it may be valuable as the project went forward, or didn't. This took time.
Meanwhile, I didn't have time to gossip, I didn't have time to make friends at work, I didn't have time to complain.
I made myself indispensable to my superiors by being a reliable worker. They then took me into the rooms they were in because I was essential to them doing well. Eventually, as they transitioned further upwards, I took command of the rooms they used to run.
This is how the process is supposed to work.
So if you want to get into the rooms where it happens, don't complain and don't get distracted. Be a reliable worker to those you work for and with. The rest takes care of itself.
A YC batch-mate was quoted 16k from a consultant for a custom AI invoice processor
Their intern built it in 2 hours on Gumloop
GPT-4o now:
-Analyzes any receipt sent to their Gmail
-Extracts vendor + amount
-Categorizes it
-Adds it to their Notion DB
-Texts their finance admin