CormacReid

Ben Lynch becomes Ireland’s first skier to qualify for any Winter Olympics final ☘️ Needing a top 12 for the final, this second round 75.75 was enough for 11th place 👏 Final is 18:25 today, live on RTÉ Player 🎥

This aired tonight to 1 billion people in China. A year ago these robots could barely wave a handkerchief, now they can do backflips and kung fu with nunchucks. Physical intelligence is the next frontier.

"If you are someone who is just starting a career, then AI is coming at multiple points. It will make people highly productive, but also will eliminate a large number of jobs." Dario Amodei, CEO of Anthropic

We've talked a lot about this on the Pod, but the Great SaaS Meltdown has started and there's no going back. What exactly is happening? In short, hi growth, low/no profitability SaaS is no longer a winning strategy because the big question mark is the durability of that growth in the short term and, because of AI, the lack of profits in the long term. Every SaaS company has sold the dream (to investors and employees) that they will growth quickly now, and harvest lots of cash later. With AI, this assumption may be completely out the window. Now the threshold question is whether their growth will be overtaken by a much cheaper AI-developed solution? If you are a venture supported SaaS startup and are a legacy Heuristics+APIs+CRUD product, it is likely that a new AI oriented workflow is coming for you. Investors in private markets can see this now and think that money to fund short term growth will not be rewarded. Investors in public markets no longer believe long term profitability is possible. They would rather pivot into something they think is more resilient. This is a change in the risk calculus that has existed for the past 15 years and why the chart below is the chart below. Good luck to all the players!

I am extremely excited to welcome Dylan Scandinaro to OpenAI as our Head of Preparedness. Things are about to move quite fast and we will be working with extremely powerful models soon. This will require commensurate safeguards to ensure we can continue to deliver tremendous benefits. Dylan will lead our efforts to prepare for and mitigate these severe risks. He is by far the best candidate I have met, anywhere, for this role. He has his work cut out for him for sure, but I will sleep better tonight. I am looking forward to working with him very closely to make the changes we will need across our entire company.