Dror Poleg 🎗
@drorpolegEconomic Historian. Bylines @NYTimes, @TheAtlantic, etc.
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In 1930, the union of American singers spent the equivalent of $10m on a campaign to stop people from listening to recorded music and watching movies with sound. 1/
Have a kid
What would you do if you woke up tomorrow & the year was 2010?
BREAKING: Nvidia, $NVDA, picks SoftBank as its first customer to build an AI supercomputer with new Blackwell chips
The punishment was more about the gaslighting (“you’re better off now but too dumb to know it”) than the actual inflation.
ok fine, this election was about inflation but what's our leading theory for why democrats were punished for it in 2024 rather than 2022 when it peaked?
"The office market’s severe downturn is forcing some of NYC'a multigenerational family owners to do something they managed to avoid during world wars, financial meltdowns and a global pandemic: sell their core properties."
Al is good at two things: 1. Converting structured data into structured data. 2. Converting structured data into unstructured action. And on a different dimension: converting labor into capital.
It’s not just to help delivery drivers; it’s to generate training data for delivery robots.
Amazon $AMZN is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings If successful, the glasses would provide drivers with turn-by-turn navigation on a small embedded screen, along their routes and at each stop - Reuters
Amazon: 1. Cutting headcount and tightening “culture” 2. Hiring AI researches aggressively This seems to be a recurring pattern.
Looking at job posts over the last year, it looks like Amazon is making the broadest AI investment. 228 teams across the company posted jobs with GenAI projects over the past year, considerably more than any other company. blog.sumble.com/companies-with… Most interest is the breadth of…
I wrote this 13 months ago. It is more likely and more relevant than ever. @elonmusk, if you’re serious, here’s the play.
“someone wrote a three-and-a-half-minute pop song in 1987, and my life completely changed as a result of that. It’s ridiculous, really.”
The author left out their luck in having a financial cushion enabling them to scratch out time to write when writers’ earnings are more precarious than ever. That’s not to discount their writing talent but to place it alongside their great fortune. on.ft.com/3AvlAYD
Putting together slides for my next class. How would you answer this question?
Your headcount is my opportunity.
"Your margin is my opportunity” (Bezos) defined the internet era. "Your OPEX is my opportunity" will shape the AI era.
“Television is not a gimmick, and if you think that you'll lose again” — Roger Ailes to Richard Nixon after his 1960 loss “The biggest mistake in my political life was not to learn how to use television.” — Hubert Humphrey after losing to Richard Nixon in 1968
“start from a fact that you want to know, and then deliberately design a market to optimally elicit that information from market participants.”
Rethinking real estate
I hope President Trump pursues in his second term the best idea from his first: buying Greenland.
Too many people are missing the point about AI and productivity.
AI doesn’t need to make everyone in an industry more productive to be disruptive. It only needs to make some people radically more productive to reshape the trajectory for everyone else.
Cough cough.
Over time, crypto will not become as normal as the rest of the economy. Instead, the rest of the economy will become as crazy as crypto.
Ravi is probably the most reasonable, well-meaning, and honest political commentator out there. Essential listening if you’re interested in domestic policy and politics.
Took an initial pass at what Dems can learn from this and where to go from here: youtube.com/watch?v=i0wLvX…
Money talks
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