tag > Business
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The ability to take any poorly written or even negatively toned text and tell an LLM to "Re-write this text in a positive and 'can do' style" has profound implications for business & culture we’re only beginning to grasp.
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What few will tell you: the average return on investment for venture capital funds is significantly worse than what a mid-sized cocaine trafficking operation generates—and the latter does it without the magic startup narrative bullshit.
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"Google’s AI search summaries officially have ads"
Predicted this one about 5 years ago. Yet another sign that the rise of stupidity is outpacing the growth of intelligence.
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The thought that entire CIA departments are dedicated to crafting drama scripts for their fake tech front companies and actor-managers to play out brings an odd sense of joy to my heart.
"i’m ready for 1v1" - Mark
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Seed rounds ranging from $100M to $1B for startups less than a year old have become the norm in AI. It's a strong indicator that the field is dominated by front companies of intel agencies & cryptocratic shadow orgs.
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Nintendo completely sat out the video game graphics wars. It’s winning anyway. What Nintendo lacks in fancy pixels, it makes up for in dopamine. That’s why it basically prints money.
Nintendo is a money machine. It’s been raking in more than $10 billion in revenue (more than 1.6 trillion yen) annually for the past several years, and its profits have grown sharply, topping out at about $3.3 billion in the fiscal year ended March 2024.
According to NYU Professor Joost van Dreunen, it’s more accurate to look at Nintendo as a toy company rather than a gaming one. “If you look at Nintendo as a company, it's over 100 years old,” “It originally started as a trading-card game company,” he said, “and over the years really just identified itself as a toy maker. So everything that they do is colorful, it's accessible, it's fun. It's very easy to get into. Maybe not necessarily easy to master, but it's easy to get into their games.”
Instead of innovating on technology, Nintendo has mastered the dopamine-reward system. You get out of a Nintendo game exactly what you put into it. The actions you take in their games feel good and natural.
The misleadingly basic gameplay mechanics of today’s Nintendo games are the very same that launched the company into the sales stratosphere in the late 1980s and early ’90s. Press A to jump. Press B to punch. And if you press A to jump and then press B in the air, you perform a separate third move. That is to say that the B button behaves differently depending on the circumstance the character is in. It sounds remedial today, but the mechanics were so successful back then that entire franchises were born out of copying it.
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If LLMs succeed in replacing 50% of all accountants and lawyers, it would be a significant win for humanity.
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An obsessive focus on product can be valuable, but it often obscures essential truths: The medium is the message, and the journey is the destination.
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Nothing but a spectacle
Our American friends possess a remarkable knack for turning every facet of life into a commercialized spectacle. Whether it's tech, spirituality, childcare, science, or philosophy, the discourse inevitably devolves into a cacophony of marketing, shouting & superficiality. The overarching objective appears to be nothing more than extracting profit through manipulation. Even meaning itself is for sale for $9.99.
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Lisa Su, the CEO of AMD, and Jensen Huang, the CEO of NVIDIA, are COUSINS
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The music ownership ouroboros - an interactive diagram to map out the macro ownership structures of the modern music business, with a focus on the growing influence of non-industry-native institutions.
