The high Healthcare costs in the US are caused mostly by high physician salaries though, and that's probably highly correlated with why they are able to make all these breakthroughs
That and acquisition of a direct competitor who has beat a larger company. If you lose a competition, you should fall behind. Losing a competition and then forking out cash to make the leader switch teams before he crosses the finish line is a complete perversion of the game
For browser bundling, Chrome has beaten Edge out handily, so there's no case there. For Office bundling, they charge separately for it, so there's no real case their either
Takes like this miss the forest for the trees. The overall point is that automated programming is now a target, just like automating assembly lines became a target back in the day. There will be kinks in the beginning, but once the target is set, there will be a huge incentive to work out the kinks to the point of near full automation
The way I see it, LLMs have taken one mode of thinking, which is educated guessing, and ramped it up to superhuman levels. Same way Deep Blue took rote memorization and ramped it up to superhuman levels. I think the true AI would come from digitizing all the different modes of thinking, then somehow bringing them all together into one superintelligence
If you bend over and pay in such circumstances, you are part of the problem. Twilio tried to pull this crap on me and I simply created another account with an email forwarder and left them holding the bag on the previous account
Bold-ish prediction: by 2040 it will only be individual influencers producing news. Most newsroom outlets are zombies at this point, being kept alive by something outside of their ad revenue
Once YouTube started monetizing videos that weren't in the partner program it was always going to be downhill from there. The supply of ad-eligible videos probably doubled overnight
In the last few days I've been asking myself what would drive the next big leap in advertising efficiency after big data and conversion pixels. I think I have my answer now. This is going to disrupt the ad agency side of the business big time.
You say this because you are not familiar with Wave (formerly known as Sendwave). It's one of the biggest startups in Africa. Working there is a big deal
What's insane to me is that from my experience, most legal immigrants had to either game the system, or depend on the pure luck of lottery systems. Then once they are citizens, they turn around and say that everyone must go through that same process, instead of advocating for a fairer process
It takes a super special set of conditions to be able to bootstrap a >10 billion dollar company like Valve. Most >10b companies need immense capital injections to work
For me the issue is that in a perfect scenario, you would be able to adjust your pricing to 30% more and see whether the market could bear it. But Apple ties developers to fixed pricing tiers which doesn't allow this. Maybe the battle should be for removal of these fixed tiers
On the other hand Munger said that diversification is for those who don't know what they're doing. So maybe Gates wanted to stock pick and Buffet talked him into diversifying safely
Is creating real money multiplayer versions of all these not a giant untapped opportunity? Cards and wagering are often a potent mix, yet only hold'em and rummy have gone in this direction for some reason