I feel obliged to comment on SpaceX IPO. Elon Musk 'sability to "will <things> into existence is just unparalleled". $2T market cap for SpaceX is just that.
Latest AI model review videos have truly gone into the territory of gadget review videos. They are nice to look at, but you know deep within you that they are neither useful to you nor affordable.
The one thing that I miss the most about my previous job was how there was a constant stream of fresh graduates joining the firm year after year, with every subsequent batch being better than the previous one. And, hence, much much better than me on almost every dimension
I just happened to watch 4 videos which had this theme running through them, the protagonists were
- Kimi Antonelli
- Vaibhav Sooryavanshi
- Sarthak Siddhant
- Rameshbabu Praggnanandhaa
Nothing brings alive the theory of micro and macro economy more than working on a marketplace business. E.g. Despite all the theoretical gyaan, I wouldn't have imagined that dropping prices by just a few cents will result in immediate increase in quantities sold
Organisations are focussed on increasing AI adoption by rolling out tool specific training.
What seems to be missing is that every employee can now be an engineer, so, there should be equal emphasis on Engineering 101 training.
ROI = EBITDA/Cost
AI isn't driving the numerator yet. It hasn't proven it can discover new consumer problems to unlock revenue.
But AI is the future, so companies will have to continue spending on AI.
Hence, they will have to aggressively attack the denominator.
Uber’s COO has said that it’s getting “harder to justify” its AI costs because there was no way to show a link between AI spend and any meaningful increase in useful features. This is the first time I’ve seen a company say this directly.
businessinsider.com/uber-coo…
Potential downstream effects:
1. More Offshoring: Work shifts from high-cost centers (US) to low-cost centers (India).
2. Flatter Orgs: Increased individual contributor (IC): manager ratio.
3. Decentralization: More remote work because ICs will be a unit of work in themselves
All of this will reduce cost
1. Offshoring cuts down headcount cost by ~50%?
2. Flattening org leads to middle management HC reduction by ~30%?
3. Shifting to remote work will save ~$10k per employee?