All the crap you never needed

September 27 2024 OpenAI memoriam parody Chamath on Joe Rogan OpenAI $150B valuation Converting to B corp - benefit corp - kinda like C corp - so fiduciary for not just shareholders but some external factors that’s more than just profits Patagonia is similar - for profit with a mission Non profit is a minority shareholder - much smaller now Profit cap will be removed Probably raising $6.5B Altman might get 7% stake Bull case Can probably invest the capital well - they have lead in model performance, etc Could become a true global player Maybe computing extensions stuff Revenue growth seems strong Some rumors have it higher than 3.4B so closer to 5B maybe? So valuation might be warranted Bear case Underlying technology could be replaced by open source (is Llama really good?) Meta could incorporate AI assistants into their app eco system - Google could do the same thing - so you don’t have to go to ChatGPT maybe Competing with large companies will b...

September 20 2024 All In Summit 2024 after glow 20M views for content released so far across YouTube and X Debrief Friedberg did great Team did well Jason was amazing moderator Mearsheimer Sachs was the best panel Fed cuts rates 50 basis points Markets are up Last 3 times rates were cut (~2000, ~2008, ~2020), markets crashed (though 2020 was briefer) If the market is good, why not cut just 0.25% to begin with? Why 0.5%? This could affect hiring badly in the middle class Tech hiring is benefitting if you’re in AI - but otherwise its bad AI disruption Call centers will probably be hit Customer support makes sense for AI - they can rise through the levels of support (tier1, etc) What’s important is minimizing the error rate As the models get so much better - why can’t we just use the models coming next year with a smaller team So this will get commoditized soon So you need to target super highly regulated industries - where you need 0% error rate Klarna claim o...

September 6 2024 Founder Mode!!! AIS 2024 Lineup Announcements Elon! Marc Benioff Bari Weiss Kristen Sinema John Mearsheimer and Jeffrey Sachs Nikesh Arora Peter Thiel Michael Ovitz (read his book) Panels Tech Robotics Jobee, Archer, Whisk Gecko Robotics - product demo Waymo CEO Altos Labs CEO Adyen - Ingo Megyn Kelly Woody Hoburg Astronaut Thomas Lafont - Coatue cofounder Sponsors Accel Events Merch.com Etc Google Cloud $350K per AI startup Paul Graham Founder Mode essay Brian Chesky YC advice talk Inspired by how Jobs ran Apple maybe Manager mode vs Founder mode There are managers like Nikesh Arora, Shantanu Narayen, Satya Nadella who have created more value than almost all founders bar 1-2 Similar prior art High Output Management - Andy Grove Demon mode at Elon’s companies (from Walter Isaacson book) How novel is this concept really - but also how true is it Silicon Valley ecosystem revolves around Founders But Founders aren’t always rig...