FT: “According to Pat Grady, a partner at Sequoia Capital, something significant has happened in AI in recent weeks. Generative systems — ones that automatically produce text and images from simple text prompts — have advanced to a level where they could have wide-ranging business uses. A partner at another leading Silicon Valley venture capital firm, who describes the recent history of AI as a graveyard for start-up investors, also reports that the race is on to find breakthrough applications for this new technology. Since the launch of OpenAI’s GPT3 text-writing system two years ago, generative models like this have been all the rage in AI. The ethical issues they raise are profound, ranging from any biases they could imbibe from the data they are trained on, to the risk that they could be used to spew out misinformation. But that hasn’t prevented the hunt for practical uses.”
Michael Ashcroft: “Your thoughts, feelings and behaviors are constantly being influenced by factors outside your conscious awareness. You’re blind to these factors right now, but if you learn to notice them, you’ll be able to see the bigger picture and make better choices…The various ‘domains of awareness’ that I introduce are by no means mutually exclusive nor collectively exhaustive, but they serve as a good starting point for exploration.”
Li Jin: “The web3 model takes the web2 creator playbook and inverts it. Instead of starting with creating free content in an effort to build a large fanbase that can later be monetized, web3 creators start by monetizing through the creation of a token (NFT or fungible). This attracts an initial audience of fan-owners interested in the potential upside that stems from ownership of an asset. The creator can then use the initial funding and stakeholders from the token sale to bootstrap their creative work. The fan-owners then have skin in the game to see that creator succeed and are incentivized to act as evangelists for the creator and their work. That helps to kickstart the virtuous cycle of content creation, audience growth, and monetization.”
Reading: The Titanium Economy
