modest proposal
@modestproposal1
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I shall now therefore humbly propose my own thoughts, which I hope will not be liable to the least objection. https://t.co/NuC25VaSff
Joined August 2011
Channeling a Tyler Cowen podcast, I think as highly rated as this essay is, it's probably still underrated
Increasing advantages of scale has knocked out diminishing returns. 🧐📈
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The question for every marketplace, just like the question no one really asks for Google search, is whether there is "overspend" now in the advertising monetization model. In a perfectly efficient transaction auction model I describe, overspend will go away because math is clear.
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I think there is possibly an interesting answer for scaled 3P marketplaces. Today, suppliers in marketplaces buy ads in order to be the chosen seller. Tomorrow, when a 3P marketplace engages with a buying agent/LLM, it may instead force an auction to be the seller to the agent.
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This is a much longer topic, but taken to an extreme, an intelligent personalized agent effectively minimizes search costs and renders much of supply aggregation and onsite advertising useless. On a long enough timeline, everyone sells ads, but what if there's no one to sell to?
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There are actually two different concerns for Amazon and all the ecomm sites with ChatGPT becoming the dominant top of funnel: The first is articulated above - is ChatGPT able to force an auction for the right to fulfill consumer demand. The second is what happens to the ad biz.
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Ben Thompson writing on WMT/OAI: "That naturally leads to the most interesting question this news raises: what about Amazon" He concludes AMZN should participate in ChatGPT even if OAI is able to make them bid to win. I'm reminded of scene when AMZN tried to turn off Google ads.
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Amateurs talk logistics, Professionals talk artificial intelligence
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This is an obvious one-click buy. If you haven't ever watched the original talk, it's awesome. https://t.co/n8pN9ly7BV
I have written my first book! A passion project of almost 10 years, Runnin' Down a Dream aims to give people both the motivation & the methods for thriving in a career they actually love. Put a lot of heart and soul into this - hope you ❤️ it. Pre-order:
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Bessent tells CNBC that Trump wont just negotiate with China because stock market is tumbling over trade war.
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I'd argue 5 or 6 of the 9 policy suggestions here are standard recommendations from a certain set of economists that are independent of AI (VAT reform, corporate tax reform, permitting, etc). Nationalizing the labs is def outside the box thinking. https://t.co/MaAqZxF8WU
anthropic.com
We’ve asked economists and researchers to explore policy responses to the potential economic effects of powerful AI. We share some of the initial ideas and feedback we’ve received.
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“Bird was showing me it was all business, and I was beneath him. I didn’t forget”
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“It needs to be affirmed to the unit commanders to undertake these actions intentionally, film them and broadcast images of them as fast as possible,” the memo said. https://t.co/72MCXAxF9f
nytimes.com
A directive, which Israeli officials believe was written by Yahya Sinwar, the powerful leader of Hamas in Gaza, and recordings called for fighters to target soldiers and civilian communities — and to...
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“Document the scenes of horror, now, and broadcast them on TV channels to the whole world,” a commander from Gaza City called Abu al-Baraa told operatives in the area of Kibbutz Sa’ad. “Slaughter them. End the children of Israel.”
“It needs to be affirmed to the unit commanders to undertake these actions intentionally, film them and broadcast images of them as fast as possible,” the memo said.
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“It needs to be affirmed to the unit commanders to undertake these actions intentionally, film them and broadcast images of them as fast as possible,” the memo said.
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“Kill everyone on the road,” he said. “Kill everyone you encounter.” “Now we are at the beginning of the kibbutz,” said one combatant. “We have wiped out those in it. There are settlers whom we killed.”
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“Although the memo does not explicitly mention plans to kidnap or kill civilians, it lays out orders for fighters to enter residential neighborhoods and set them on fire “with gasoline or diesel from a tanker.” Not explicitly, just burn down a neighborhood
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The NYT reviewed a memo Sinwar wrote ahead of the October 7 massacre
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