The podcast covers topics such as Apple Vision Pro, investing strategies of big tech companies, Milei's speech at Davos, the 30% tax on in-game purchases, C4 sponsorship, the decline of traditional media, and the potential of Apple sponsoring the podcast.
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Quick takeaways
The announcement by Facebook and Meta to create artificial general intelligence (AGI) highlights the significance of specialized chips like the H100 chips from Nvidia in pushing the boundaries of AI development.
The focus on building a network of AI chip factories by venture capitalist Sam Altman emphasizes the importance of a reliable supply chain and the potential value of having control over key components within the AI ecosystem.
The gradual decline of traditional media due to the internet has led to winner-takes-all dynamics, with dominant players overshadowing smaller publications, and the rise of independent creators on platforms like Substack posing additional challenges for middle-tier publications.
Deep dives
Zuck announces plans for open source artificial general intelligence
Facebook and Meta have announced their plans to create artificial general intelligence (AGI) and open source it. As part of this announcement, they emphasized the significance of H100 chips from Nvidia, which they purchased 150,000 of, totaling $10 billion. The importance of these chips in their AGI project was underscored, as they are a crucial component without which their AGI development would be hindered. This monumental move towards AGI and the reliance on specialized chips further highlights the importance of energy and computing power in pushing the boundaries of AI development.
Altman seeks to raise balance for network of AI chip factories
Sam Altman, well-known venture capitalist and entrepreneur, is seeking funding to establish a network of AI chip factories. This move aligns with the ongoing advancements in AI technology and the growing demand for specialized chips for AI applications. As the industry continues to expand, Altman's focus on building a robust infrastructure for AI chip manufacturing highlights the importance of a reliable supply chain and the potential value of having control over key components within the AI ecosystem.
Malay's speech and AI translation highlight key developments
The speech given by Malay, the president of Argentina, attracted attention as it was translated from Spanish to English using AI. Malay's efforts to revive Argentina's economy and address its challenges have been noteworthy. While Argentina has faced economic difficulties in the past, Malay's initiatives demonstrate a commitment to progress. Furthermore, this case highlights the increasing role that AI plays in language translation, offering opportunities for greater connectivity and understanding across different cultures and languages.
The Death of Traditional Media
Traditional media has been on a gradual decline for the past 20 years due to the impact of the internet. The internet disrupted the traditional media package, which often consisted of classified ads and international reporting. Newspaper revenue, which used to heavily rely on advertising, has shifted to subscription-based models. The New York Times, for example, is now 80% subscription-based. However, the media landscape has become winner-takes-all, with dominant players like the New York Times overshadowing smaller publications. Middle-tier publications, such as Sports Illustrated and Pitchfork, are struggling to survive as they face competition from both large media outlets and independent creators on platforms like Substack.
The Medium is the Message
Marshall McLuhan's concept of 'the medium is the message' proves relevant in the context of the evolving media landscape. As media becomes condensed and narratives are shaped by electronic platforms, certain voices and brands consolidate their power. The intense competition in the digital space often leaves middle-tier publications and brands vulnerable to extinction. This is compounded by the fact that even well-established brands with loyal followings struggle to adapt to the changing business models and the rise of independent creators who offer content at lower cost. In this highly competitive environment, there is no second bet for survival.
The NIA boys discuss Apple Vision Pro, Big Tech VCs, Milei at Davos & Slow Death of Media
Timestamps:
(00:00:00) - Intro
(00:04:28) - Apple Vision Pro
(00:37:28) - Big Tech VCs
(00:49:37) - Milei at Davos
(00:57:00) - Slow Death of Media
What Is Not Investment Advice?
Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.