What I Am Reading:
AI stocks aren't like the dot-com bubble. Here’s why
Today’s craze over generative artificial intelligence is different, Godes said. He now teaches at Johns Hopkins, and his students aren’t leaving for Silicon Valley any time soon. They’ve got a healthy skepticism of the emerging technology, he said. That’s just one reason why he sees excitement about AI as entirely unlike the early internet era.
There's a huge difference between a team that asks, "What went wrong with the failed trials?" and a team that only asks, "How can we repeat this success case?" Failed trials reveal what we lack and what we need to fix. Successful ones show a few of many ways things can work well.
Family offices now rival hedge funds as a way for the ultra-rich to hoard their wealth
The richest families in the world are projected to see their wealth grow even more – ultimately reaching $9.5 trillion by 2030 – as single-family offices continue to grow and expand their assets, according to a new report from Deloitte.
Google SEO—Sundar Pichai—revealed, during its third-quarter earnings call, that “More than a quarter of all new code at Google is generated by AI,” although human developers are still required to review and approve the code.
What I am Watching:
Philosophers from Spinoza and Hegel to Bertrand Russell argued that logic and reason are the key to understanding the world. But is this a fundamental error? After all, recent studies show that reason does not lead to more successful outcomes in business or personal relationships. Should we abandon the idea that reason is the key either to truth or successful action? Or should we see reason as vital to follow through the consequences of our beliefs? In an increasingly chaotic intellectual age, do we need reason more than ever to contain conflict, or is reason no more than a justification of prejudice?
How you could see inside your body with a micro-robot
Would you swallow a micro-robot? In a gutsy demo, physician Vivek Kumbhari navigates Pillbot, a wireless, disposable robot swallowed onstage by engineer Alex Luebke, modeling how this technology can swiftly provide direct visualization of internal organs. Learn more about how micro-robots could move us past the age of invasive endoscopies and open up doors to more comfortable, affordable medical imaging.
The war that Iran has outsourced to its proxies for the last year finally became a war being waged by Iran itself, as it launched over 100 ballistic missiles towards Israel. Israel’s 9 million citizens huddled into bomb shelters, while missiles rained down on their homes, with a handful making direct impact. Douglas Murray isn’t Jewish. He has no Israeli family members. And yet it is Douglas Murray who understands the stakes of this war and the moral clarity that it requires.
What I am Listening To:
Blackstone’s Jon Gray on real estate, rates, and building a winning company culture
Blackstone is the world’s largest alternative asset manager, with more than $1.1 trillion in assets under management. Blackstone President & COO Jonathan Gray says recognizing patterns and having a contrarian view are key to excess returns, and the reason why Blackstone has been able to grow so rapidly. In this Goldman Sachs Talks, Gray sat down with John Waldron, President & COO of Goldman Sachs, to discuss positive signs in the real estate market, why company culture is important, and lessons from his over 30 years at Blackstone.
