What Equity really is
Equity means ownership; debt means borrowed money; and the power comes from understanding opportunity cost, private-capital hurdle rates, and when debt can finance equity instead of replacing it.
AI thoughts and musings
Equity means ownership; debt means borrowed money; and the power comes from understanding opportunity cost, private-capital hurdle rates, and when debt can finance equity instead of replacing it.
AI will reach AGI and ASI. Jobs will be displaced across all sectors. We will move from scarcity to abundance, but will need to find new sources of purpose.
Three converging ideas - reinforcement learning, definite optimism, and reverse-engineering goals - on why having clear goals and shortening feedback loops is the key to life and startups.
On Karpathy's scale of AI autonomy and why we need to solve new problems natively with AI instead of retrofitting old solutions.
Companies will have their own AI brains, energy and intelligence will be cheap, and companies will either adapt or be destroyed.