At what point do we in the West wake up from our childish stupor and acknowledge the reality of the world we live in? Annual CO2 emissions.

Amazing to see Tim Sweeney and Epic Games have defeated Google over the Play Store monopoly. Now they move on to Apple and the App Store. It also seems significant that the California court has declared “monopoly”. Really changes in the landscape are coming, with AI and now the demonetisation of hosting stores. Things are really going to get a lot more fluid again.

I’m sure nobody here remembers, but 6 months ago I said I was starting a home biz with my two kids (13, 14) to give them a taste of capitalism and entrepreneurialism. We have a mini board meeting every Sunday night and the only rule is that our biz is a zero labour biz (we don’t want chores). We probably had 15 meetings so far and the boardroom dynamics are interesting considering everyone has an equal vote. 🤣 We started out with registering a limited company in UK (£12), opening a commercial bank account (£0), and depositing £1,000, bought web domain (£10), bunch of service fees (~£100). My plan was: Day 1… £1,000 Year 1 profit… £10,000 Year 2 profit… £50,000 Year 3 profit… £100,000 No dividend / salaries Well today we shipped our first £10,000 of product and next week we ship another £10,000 But our margin is ~50% so things are looking really positive at the six month mark. Kids are loving it. Crucially it was important to start from essentially nothing. That’s the entire life lesson here… From nothing, at any time, just know you can do this. Blah blah something something about giving a fish or a net, blah blah.

Lots of people are losing their shit because the EU has enacted their AI Act. But obviously nobody has actually read it. They haven’t blocked any AI developments, they have banned governments from building mass surveillance social credit systems based on AI of the type in use in China. eg in the EU it’s now illegal to walk around public places outting gay children with your smartphone. Nor can you create / operate facial recognition databases via CCTV. (I don’t live in the EU btw)

Seen this? Open Source AI is pulling ahead. Might order a TinyBox for Christmas? magnet:?xt=urn:btih:5546272da9065eddeb6fcd7ffddeef5b75be79a7&dn=mixtral-8x7b-32kseqlen&tr=udp%3A%2F%2Fopentracker.i2p.rocks%3A6969%2Fannounce&tr=http%3A%2F%2Ftracker.openbittorrent.com%3A80%2Fannounce RELEASE a6bbd9affe0c2725c1b7410d66833e24

In 2023 the US deficit is 7.5% of GDP. If you genuinely know what the deficit actually is, this is just an incredible figure.

OK, this is the most profound forward looking thing that’s occurred to me in the past 6 months. For 30 years big tech is built on B2C models that leverage the enormous surface of the internet. Build 1 good monetisation channel and just scale it to 10^9 people. But AI is not like this. Not at all. AI is a solution to the sprawling complexity of discrete connections that network throughout the entire economy. It is 10^6 monetisation channels each occurring 10^3 instances. To win this space you need a B2B biz model and you need legendary workflow management. This makes it much easier to filter out winners and losers over the next 10 years. I actually think ChatGPT will disappear as it’s a loss leader product and only the OpenAI API will survive, but it will have to compete with a bunch of other API’s and local models. I think it’s obvious that the end state is local AI. There will be a day when training peaks and then terminally declines as economics is the real law of the jungle. Chasing diminishing returns is simply not worth the cost. There is no free lunch here.

Something like this… MSFT -> OpenAI: Attached, letter signed by shareholder quorum for an emergency AGM at 0800 Monday. Agenda below: Vote of Confidence, Ilya Sutskever Vote of Confidence, Adam D’Angelo Vote of Confidence, Tasha McCauley Vote of Confidence, Helen Toner Have a great weekend, Satya

MSFT 8,617 - 0 Startups OpenAI in talks with Altman to return as CEO.

The Verge

OpenAI board in discussions with Sam Altman to return as CEO

Altman is “ambivalent” and wants governance changes.

Watching Science and Technology journalist fumble their way through the past 24 hours is actually pure comedy. “The inventor of AI has been fired” 😲 “The rocket broke in two and exploded” 🥹 Embarrassing. News orgs should hire 1 engineer to cover this stuff instead of a brain dead nepobaby. Joke products.

Has anyone created a text file of all the NIP’s yet, so that I can very quickly / easily pass them to GPT?

$10,000 says whoever the permanent CEO of OpenAI they select is, it is someone who is an active participant / member of WEF.