Technology · Investing · Strategy
AI
There is plenty of talk about circular financing in AI, especially around Nvidia. The concern is legitimate. But the phrase carries historical baggage. In its worst forms, circular financing manufactured the appearance of demand: a vendor financed its own customers and then presented those purchases as evidence of genuine, independent
Meta
I have been thinking more on this quote from the Meta and AGI article earlier in the feed: “But willingness to make enormous bets, and judgment about which enormous bets to make, are very different CEO capabilities.” I think there is much to learn from Segway. Back in the early
AI
As we say farewell to Tim Cook, one of the most successful CEOs in tech history, it only seems appropriate for a blog that vaguely promised irreverence to offer a critique rather than praise. You can find the praise elsewhere, and it is of course very well deserved. My issue
Why is Meta trying to compete at the AI frontier and pursue “personal superintelligence”? It is a question I return to every earnings call, because Zuckerberg has yet to offer an economically compelling answer. Meta unquestionably needs AI. Machine learning drives ad targeting, recommendations and engagement, and the results have
AI
Recently, Apple stock has been behaving like a flight to tech safety investment. The more people panic about hyperscaler capex, the more attractive Apple stock seems to become to them. But do we think this is rational? Well, I will have more to say about the hyperscaler capex panic (spoiler:
AI
The Hugging Face hack changed my mind about the risks of AI. It's time I accepted they are non-trivial. My thought process is something like this: We are probably on the brink of recursive self improvement of models at least to some degree. As such, intelligence will