Michael Degnan

1K posts

Michael Degnan banner
Michael Degnan

Michael Degnan

@mdegnan

Head of Enterprise Innovation @PNCBank. Tweets are my own & what I read. Ex-Head of Digital Banking @ Santander. Co-Founder @movenenterprise & Angel Investor.

Pittsburgh, PA Katılım Mayıs 2008
411 Takip Edilen578 Takipçiler
Michael Degnan retweetledi
Ole Lehmann
Ole Lehmann@itsolelehmann·
Look at this chart. The Financial Times published this data recently and it's been stuck in my head since I first saw it. This is the inflection point. New websites, iOS apps, GitHub commits, all going parabolic. A teenager with Claude can ship what used to take a funded team and six months of runway. Solo developers are launching full SaaS products over a weekend. Designers who've never written a line of code are building functional apps. The barrier to creating software has, for all practical purposes, collapsed. Which leads to a question that I think is more important than most people realize: If everyone can build, what happens to the *value* of building? When the supply of something explodes, the thing itself gets cheaper. That's Markets 101. And software supply is going vertical right now. The logical next step is that the money and energy that used to flow toward production has to find a new home. It flows toward the only bottleneck that remains: getting people to actually pay attention. Human attention is, I think, the last genuinely scarce resource in an economy where production costs are collapsing toward zero. AI can generate a million apps. It still can't make anyone download one. It can write a million blog posts. It still can't make anyone read them. And this is why it's never been more important to learn how to engineer attention. If you understand both marketing and AI, you're now holding a combination that companies will pay 100x for. Most people are learning one or the other. The person who can do both, who can capture attention AND use AI as the lever to do it at scale, is probably the most valuable person in any room right now. There's an assumption floating around that AI will commoditize marketing the same way it's commoditizing code. People think "vibe marketing" will follow the same path as "vibe coding" And I get why that's the intuition. AI can write copy, generate ads, build landing pages. Same playbook, same compression. But I don't think it works that way, and the reason comes down to something I keep calling the taste problem. AI is already deeply embedded in marketing. The algorithms that decide what you see on every platform, the recommendation engines, the ad targeting, etc all of it runs on AI. That part is done. But knowing how to read those systems, how to work with them, how to craft something that the algorithm wants to push and that a human actually wants to engage with, that still requires taste. And "good enough" marketing simply doesn't cut it anymore. "There is no demand for average" - Naval The bar for what breaks through keeps rising precisely because AI is flooding every channel with competent, forgettable content. You can prompt AI to write a tweet. You *cannot* prompt it to write a tweet that 50,000 people share. That gap between "technically correct output" and "people actually care" is taste, and taste is built from years of understanding narrative, timing, cultural context, when to be funny, when to shut up. There's no shortcut. I've watched plenty of people look for one. What's sort of counterintuitive is that AI actually widens the gap between people who have taste and people who don't. If you have it, AI becomes a genuine force multiplier. You test 40 subject lines in the time it used to take to write 4. You draft a full campaign in an afternoon and spend your real energy on the 15% that makes it land instead of grinding through the 85% that's just scaffolding. But if you don't have taste, AI just helps you produce more mediocre work, faster (which is arguably worse than producing mediocre work slowly, because at least then you weren't flooding your own channels with it). Code has a finish line. It either works or it doesn't. You can write tests, benchmark it, measure performance. A model can evaluate whether code does what it's supposed to do. But attention, trust, brand, these are built from a thousand small decisions that compound over months and years. They're the residue of every interaction someone has with you, and none of it can be reverse-engineered by running inference on a competitor's marketing. This is why distribution specifically resists commoditization in a way that engineering doesn't. So the people who spent the last few years building audiences, developing their voice, earning trust one reader at a time, they're holding something that just got *radically* more valuable. The landscape shifted around them. Every other competitive advantage in tech got cheaper overnight, and theirs didn't. Human attention will forever be scarce. Therefore in an age of AI abundance, the art of capturing it is the last moat.
Ole Lehmann tweet media
English
41
75
489
115K
Michael Degnan
Michael Degnan@mdegnan·
Free to roam about the cabin…
English
1
0
3
111
Michael Degnan
Michael Degnan@mdegnan·
Tech = product. Risk = business. You need both to be in business. >> “The hard part about building a fintech is, how do you do risk? How do you do credit modeling?” he said. “While we own credit card offering, we own expanding software, we also want to power hundreds and thousands of other businesses which want to embed payments into their product.” bankingdive.com/news/brex-laun…
English
1
0
1
150
Zico Kolter
Zico Kolter@zicokolter·
I'm thrilled to share that I will become the next Director of the Machine Learning Department at Carnegie Mellon. MLD is a true gem, a department dedicated entirely to ML. Faculty and past directors have been personal role models in my career. cs.cmu.edu/news/2024/kolt…
English
120
79
1.5K
128.2K
Maxfield on Banks
Maxfield on Banks@MaxfieldOnBanks·
“There is much talk these days of the need to ‘innovate or die.’ But the opposite holds true over time, as the annals of banking history bulge with stories of banks that paid the ultimate price for innovation.” maxfieldonbanks.com/p/the-first-mo…
English
3
0
15
6.4K
Michael Degnan retweetledi
Walter Isaacson
Walter Isaacson@WalterIsaacson·
Maybe the greatest sentence ever written by human hands (Jefferson with edits from Franklin and Adams): We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain inalienable Rights, that among these are Life, Liberty and…
Walter Isaacson tweet media
United States 🇺🇸 English
652
3.2K
18.5K
3.5M
Michael Degnan
Michael Degnan@mdegnan·
"If you have the cultural aspect of being open to change - and you've invested in the things that make you productive, like better technology stacks - there's things that can really make us a much better place, because [being open to change] allows us to respond when opportunities arise." Like any top athlete will tell you, their gametime performance is built when they train. @PNCBank has been putting the time into the tools, tech and methods we need to be innovative for a while. I'm excited to see where we take it from here. Thank you @FintechNexus for hosting us, and @BankAutomation for helping us tell the story. bankautomationnews.com/allposts/core-… #teampnc #innovation #fintech #deisgnthinking #fintechnexus #nexus23
English
0
0
1
104
Ron Shevlin
Ron Shevlin@rshevlin·
@JimMarous That may all be true, but the question was "should metaverse solutions be a priority" and I'm sticking with no.
English
1
0
1
216
Michael Degnan retweetledi
Ravi Annaswamy
Ravi Annaswamy@bag_of_ideas·
Only speak truth. Be gentle. One day your words will be used to generate an answer.
English
0
1
4
147
Michael Degnan retweetledi
Zico Kolter
Zico Kolter@zicokolter·
Generative models and P vs. NP: A clickbaity thread 🧵 An important point that seems missing (as far as I've seen) in the debate over LLM "correctness" / "usefulness": generative models are most useful precisely in situations where creation is hard, but verification is easy. 1/N
English
19
154
927
265.3K
Simon Taylor
Simon Taylor@sytaylor·
Hands up if every time you discover a new Neobank or Fintech company you scroll to the bottom to see who the sponsor bank is? #fintechnerds where you at? ✋
English
59
18
340
58.5K
Michael Degnan
Michael Degnan@mdegnan·
DT is increasingly a part of core business strategy. “Design thinking is an essential tool for simplifying and humanizing. It can’t be extra; it needs to be a core competence.” >> Design Thinking Comes of Age hbr.org/2015/09/design…
English
0
0
0
52
Michael Degnan retweetledi
Bill Simmons
Bill Simmons@BillSimmons·
In hell your football team has Matt Patricia as its offensive coordinator.
English
435
721
10.6K
1.9M