Wasteland Capital
I was reading some research today and was blown away by the lack of ability by these analysts to identify what’s important.
Endless words and data. Zero insights.
Yet insight is all that matters.
And any insight can be expressed in a paragraph or two, a chart, or both.
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I was reading some research today and was blown away by the lack of ability by these analysts to identify what’s important.
Endless words and data. Zero insights.
Yet insight is all that matters.
And any insight can be expressed in a paragraph or two, a chart, or both.
tweet
Offshore
Video
memenodes
When she finds out you don’t panic about the dips, you just buy more https://t.co/WOt92fGpFv
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When she finds out you don’t panic about the dips, you just buy more https://t.co/WOt92fGpFv
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Offshore
Photo
AkhenOsiris
OpenAI $NVDA $GOOGL
https://t.co/N7fbQNh0UB
Ben Thompson:
It’s also worth pointing out, as Eric Seufert did in a recent Stratechery Interview, that Google started monetizing Search less than two years after its public launch; it is search revenue, far more than venture capital money, that has undergirded all of Google’s innovation over the years, and is what makes them a behemoth today. In that light OpenAI’s refusal to launch and iterate an ads product for ChatGPT — now three years old — is a dereliction of business duty, particularly as the company signs deals for over a trillion dollars of compute.
And, on the flip side, it means that Google has the resources to take on ChatGPT’s consumer lead with a World War I style war of attrition; OpenAI’s lead should be unassailable, but the company’s insistence on monetizing solely via subscriptions, with a degraded user experience for most users and price elasticity challenges in terms of revenue maximization, is very much opening up the door to a company that actually cares about making money.
To put it another way, the long-term threat to Nvidia from TPUs is margin dilution; the challenge of physical products is you do have to actually charge the people who buy them, which invites potentially unfavorable comparisons to cheaper alternatives, particularly as buyers get bigger and more price sensitive. The reason to be more optimistic about OpenAI is that an advertising model flips this on its head: because users don’t pay, there is no ceiling on how much you can make from them, which, by extension, means that the bigger you get the better your margins have the potential to be, and thus the total size of your investments. Again, however, the problem is that the advertising model doesn’t yet exist.
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OpenAI $NVDA $GOOGL
https://t.co/N7fbQNh0UB
Ben Thompson:
It’s also worth pointing out, as Eric Seufert did in a recent Stratechery Interview, that Google started monetizing Search less than two years after its public launch; it is search revenue, far more than venture capital money, that has undergirded all of Google’s innovation over the years, and is what makes them a behemoth today. In that light OpenAI’s refusal to launch and iterate an ads product for ChatGPT — now three years old — is a dereliction of business duty, particularly as the company signs deals for over a trillion dollars of compute.
And, on the flip side, it means that Google has the resources to take on ChatGPT’s consumer lead with a World War I style war of attrition; OpenAI’s lead should be unassailable, but the company’s insistence on monetizing solely via subscriptions, with a degraded user experience for most users and price elasticity challenges in terms of revenue maximization, is very much opening up the door to a company that actually cares about making money.
To put it another way, the long-term threat to Nvidia from TPUs is margin dilution; the challenge of physical products is you do have to actually charge the people who buy them, which invites potentially unfavorable comparisons to cheaper alternatives, particularly as buyers get bigger and more price sensitive. The reason to be more optimistic about OpenAI is that an advertising model flips this on its head: because users don’t pay, there is no ceiling on how much you can make from them, which, by extension, means that the bigger you get the better your margins have the potential to be, and thus the total size of your investments. Again, however, the problem is that the advertising model doesn’t yet exist.
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AkhenOsiris
$AMZN
Amazon’s AI chatbot, Rufus, saw a surge of adoption on Black Friday, according to new data published over the weekend by market intelligence firm Sensor Tower. In the U.S., Amazon sessions that resulted in a purchase surged 100% on Black Friday compared with the trailing 30 days, while sessions that resulted in a purchase and didn’t include Rufus increased by only 20%.
In addition, Amazon saw a 75% day-over-day increase for sessions that included Rufus and resulted in a purchase, compared with just a 35% day-over-day increase for sessions without Rufus that had resulted in a purchase.
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$AMZN
Amazon’s AI chatbot, Rufus, saw a surge of adoption on Black Friday, according to new data published over the weekend by market intelligence firm Sensor Tower. In the U.S., Amazon sessions that resulted in a purchase surged 100% on Black Friday compared with the trailing 30 days, while sessions that resulted in a purchase and didn’t include Rufus increased by only 20%.
In addition, Amazon saw a 75% day-over-day increase for sessions that included Rufus and resulted in a purchase, compared with just a 35% day-over-day increase for sessions without Rufus that had resulted in a purchase.
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AkhenOsiris
$AMZN
The firm also noted that Amazon sessions that involved the AI chatbot outpaced total website sessions.
On Black Friday, Amazon’s total website sessions increased by 20% day over day, while those that involved Rufus were up by 35%.
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$AMZN
The firm also noted that Amazon sessions that involved the AI chatbot outpaced total website sessions.
On Black Friday, Amazon’s total website sessions increased by 20% day over day, while those that involved Rufus were up by 35%.
$AMZN
Amazon’s AI chatbot, Rufus, saw a surge of adoption on Black Friday, according to new data published over the weekend by market intelligence firm Sensor Tower. In the U.S., Amazon sessions that resulted in a purchase surged 100% on Black Friday compared with the trailing 30 days, while sessions that resulted in a purchase and didn’t include Rufus increased by only 20%.
In addition, Amazon saw a 75% day-over-day increase for sessions that included Rufus and resulted in a purchase, compared with just a 35% day-over-day increase for sessions without Rufus that had resulted in a purchase. tweet
AkhenOsiris
No surprise but good to know that the guys poring over the books agree that CNN is indeed a 0
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No surprise but good to know that the guys poring over the books agree that CNN is indeed a 0
BREAKING: Bidders on @wbd say the board has really warmed to a @netflix offer (kudos to Steve Sunshine) for a lot of reasons including the chemistry between Zas and Sarandos but are worried about the regulatory hurdles, as I reported today in the @nypost, including a 2-year slog through Trump DOJ antitrust, EU exams even before this even gets to court. Other thing I picked up is that the value of the $WBD cable properties ie @CNN are considered pretty di minimis in the context of the entire transaction tweet