Suraj Shaw
620 posts
BREAKING: Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that Anthropic's new Mythos model could pose a systemic risk, per Bloomberg.
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Tell me you never built a marketplace without telling me.
Alap Shah@alapshah1
To replicate marketplaces like $DASH or $AXP you need to replicate the demand and supply side. AI apps will do the demand side work for you, so to compete w DoorDash you just need to build the driver and restaurant network. The biggest competitor will likely be direct restaurant delivery vs using DoorDash. Alap here, coauthor of the piece w @Citrini7. Imagine in October you can just prompt ChatGPT to re-order your favorite tan-tan noodles from your local ramen joint. The AI can price shop across DoorDash, Uber Eats, Grubhub and Instacart and directly to the restaurants site, choosing which ever offers the lowest price. As AI companies start driving real volume to restaurants, they will start offering a demand auction that each restaurant and delivery app can tap into. Today DoorDash takes 25% of the total order, charging both the customer and restaurant. So instead the ChatGPT agent could transact with the restaurant's bid, with ChatGPT taking a 7% cut, restaurant only paying 7% (vs typical 15%) and the consumer saving 11% vs buying through DoorDash. ChatGPT could run a second auction with delivery drivers for fulfillment. This works when AI apps have sufficient volume of orders, which is likely a 2027 event. Though Joe I do think this also partially answers your second question. As AI apps scale these auctions, they will build network effects in the same way Google did with adwords. Perplexity's auctions will have a lot fewer restaurant participants compared to Gemini and ChatGPT.
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@mehrotra_saket @Sanjay__Bakshi At least, remove the em dashes.
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In 2011, Prof @Sanjay__Bakshi wrote one of the most legendary stock analyses in Indian investing history
(I re-read it once every year)
VST Industries
The thesis: Flawless.
Cash machine. Pricing power. Inelastic demand.
The stock: Went nowhere for 13 years.
Until now 🧵
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@robesposito @Nik_Quinn For a moment, I thought I was on ChatGPT not X.
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@Nik_Quinn Can you at least take out the fucking em dash before posting the slop?
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1/ The pullback in software is real.
Capital is rotating.
And it’s flowing to Consumer + AI.
After speaking with 20 public market investors this week, the message was consistent — and blunt.
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Suraj Shaw retweetledi
As a new parent, I spend a lot of time changing diapers and feeding the baby. 15 months ago I wasn't doing any of this. I felt busy then too, so where did all this childcare time come from? I analyzed the Census Bureau's American Time Use Survey to find out how most parents do it. The answer: less sleep and less screen time. The funny thing is, parents report being pretty happy about this tradeoff.
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this is literally the best time in human history to build a company, and so many people are still wasting their lives away drinking and partying
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Is it just my timeline, or is X far more disconnected from reality than normal?
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Tech hiring is moving away from hiring for high-potential and towards people that have already made an impact. You can’t rely on schools or bootcamps anymore, you have to shift your thinking to “How can I make an impact where I am, with what I have?”
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someone LOVING dubai is the easiest indicator they have no taste
tax benefits are great and I get it’s safe
but I have never been to a more depressing and dystopian feeling place
I don’t care if I get to ride around in rolls royces and eat caviar it’s still SOULLESS
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This guy apparently lives in 2022 and thinks it's LinkedIn.
Akshay Saini@akshaymarch7
The future doesn’t belong to coders. It belongs to problem solvers who can code.
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OpenAI will unveil its first AI earbuds, dubbed “Sweetpea”, in September this year and shipments are expected to reach 40-50 million units in 2027, media report, citing OpenAI chief global affairs officer Chris Lehane. Taiwan’s Foxconn will do assembly for the buds. #openai #sweetpea #foxconn money.udn.com/money/story/56…
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We got the inside scoop on what went down between Mira and Barret. A few details from our reporting:
-Mira found out about his relationship last summer
-Barret went on a break and came back to IC role with reduced managerial responsibilities
-during Monday meeting ... (cont.)
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@gbrl_dick We’re living in the times of stupidity multiplied by influence
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@aviralbhat @aviralbhat 2.5L makes you poor in the cities they operate in. Probably in rural areas 2.5L might be middle class. But I’m sure you knew this.
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India has around 1 Cr gig workers
Each on average earns about 20,000/mo or 2.5L/year, which makes them India's middle class
Companies pay 2.5L Cr to gig workers yearly providing gainful employment
Calling India's newest big employment machine "cheap" labour is tragic
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@NewsLambert Hard to point out any asset class which has not gone up, inflation adjusted. Housing is not an aberration.
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The hardest—and perhaps most important—question to ask housing economists remains:
Why have real (inflation-adjusted) U.S. home prices, albeit with cyclical ups and downs, trended higher for decades?
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@TheGeorgePu What do you mean?
8 months to $100M ARR they didn't have to build.
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Meta paid $2B for Manus.
A wrapper on Anthropic and Alibaba models.
Rebuildable in weeks.
- $20M/head for 100 employees.
- 8 months to $100M ARR they didn't have to build.
- Millions of users Google won't get.
The founders cashed out.
The product had no moat.
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