Amie Cangelosi posed an interesting question from Guy Raz: How much of your success do you credit to luck, and how much to hard work? Guy’s missing a key component, a bias many of us overlook. Imagine you’re a farmer and you want to grow some crops in your fields. You have three ingredients. You…
Is AI having an effect on jobs? Well, yes. In a new paper from Stanford, “Canaries in the Coal Mine? Six Facts about the Recent Employment Effects of Artificial Intelligence” by Brynjolfsson∗ et. al., researchers dug into AI effects on employment in a VERY well written paper. The highlights: AI hits youngest workers hardest. Workers…
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. Seriously, don’t take financial advice from me. Ever. I’m completely unqualified to be giving it, so I don’t. This is not advice. This is not even the putrid fading aroma of advice, like cheap cologne breaking down at a back alley night club. For those who remember, I pulled…
This is a very big deal. Bartz, Graeber, Johnson v. Anthropic PBC ruling in the US District Court, Northern California District has ruled that training an LLM on copyrighted works does NOT constitute infringement because it is “spectacularly transformative”. DISCLAIMER: I AM NOT A LAWYER. I CANNOT GIVE LEGAL ADVICE. CONSULT AN ATTORNEY IN YOUR…
Predictive analytics in marketing is broken. More specifically, predictive analytics at the macro level – like what consumers are going to purchase, how they plan, anticipating demand, etc. is badly broken. And it has been since March 2020. Here’s why. By its very nature, forecasting and predictive analytics rely on historical data. The more stable…
Things never vanish. They do go into a state of decline, and that decline can be non-viable economically. For example, I own a bread machine. Do I still buy bread? Yes, but not as much. Bakeries still exist, but their profit margins are more constrained than they would be if bakeries didn’t exist. Theater still…
Say goodbye to at least 30% of tasks. The World Economic Forum’s latest 290-page whopper, The Future of Jobs Report, had this rather stunning graphic. It shows: – Today, 47% of tasks are human only – 30% are human/machine hybrid – 22% are machine only By 2030, according to their survey: – 33% of tasks…
Summary In today's episode, I walk through the three levels of product market fit, done for you, done with you, and done by you, and why your business needs offerings at every level. Here's what this means for you. You gain a simple framework for matching customer budgets to services during economic uncertainty without resorting…
