haijo2

Yeah the government - the large and powerful institution designed to take care of its people - has to step in.

Lots of scamming behaviour takes place on those platform by means of acquiring wealth on the platform in the form of social currency (likes, followers and so on). And Meta is there to help them exploit - and perhaps hopes to dumb people down further - so they get hooked to the platform more.

Youre touching at something subtle and nuanced that most dont understand.

Lol I dont know how to say this but BeReal is flawed from the start. IG is not about being real at all for the most part - hence its popularity. People enjoy being able to cosplay and show their best self, not revealing their true self.

Lol it would be dead. IG is running off of the fact that people utilise its platform to make money... I dont see how this is going to be practical.

Nobody is really behaving in a manner that is tied with long term thinking anymore.

Everything is short term. Just look at the equity market - its all pricing not intrinsic valuation, based on forecasting cash flows out in perpetuity.

Folks need to wake up to this realisation and just accept it as a flaw of the system we operate in. Until the system is revised and redesigned, its not gonna change.

Thats what I was really trying to get at.

When you have a 1+ billion of users to market to, practically for free, it is actually a tiny number.

Theres benefits to be had when interacting with REAL people in person.

Zero benefit interacting with voice with an AI. Pure and simple.

Nobody cares about an agent when they are the principal - this is not remotely the same as interfacing with a human that is valued much higher.

People communicate with their friends more over text than in person.

Am I really having to explain basic stuff like this? Lmao.

Highly doubt it. As a species we have gotten accustomed to talking through text as opposed to voice/audio over time.

People prefer it. Pure and simple.

Yes it is highly economically inefficient.

People seem to underestimate how wonderful it to be able to touch and tap an interface and how minimal effort is exerted.

.... thats nothing. Id hardly call that a success when you consider Meta's resources for marketing.

Google is also finding that blasting YT with ads of Google Pixel does not work very well.

Mr Mosley also had a pretty well known son lol.

Yeah and when you account for the amount of investment that has gone into the current generation of LLMs... it makes zero financial sense.

Some people dont want to hear that, but...

Lol this is so far from reality. Where have you actually seen this fella?

Im tired of reading all these claims with no primary evidence to support it.

The second point has some truth to it from what I've been hearing from talking to senior folks, taking on new grads within the finance sector.

Pretty much lol.

You have to somehow have the discipline to avoid getting caught up in the noise until the hype starts to fade away.

You cant deny his success rate though? Especially given the success of Pixar too.

The dude was a special fella with a rare mix of skills.

Yeah this exactly.

Simplicity is borne out of messy, complex stuff. That one then has to do the work of removing the stuff that doesnt matter / rethinking how stuff fits together.

Most people dont really have the mental energy or discipline to go through this process, so by on large, complexity exists in the world.

spot on

It would def get rejected in the EU.

Yep and lets not forget, those people are incredibly price sensitive.

Is there enough product differentiation between OAI and Gemini? Not that I can see. And even if it was a low price, thats not the point - people hate paying a penny for something they expect to be free.

By the time OAI has developed anything that enables them to acquire and exercise market power (profitably), they will have ran out of funding (at least on favourable terms). Which could cause key talent to leave to competitors and so on. Essentially a downward spiral to death.

Meta (FB, IG, WA) and Google Search arent really comparable... OAI and Google def are though.

V nice post. As a corporate finance and valuation enthusiast - I approve.