WSJ: “Underpinning [the] steady expansion is the increasing sophistication of cellphone data and other location analytics, which allow companies and landlords to pinpoint spots for successful stores with greater accuracy than ever before. Pings and GPS signals from shoppers’ cellphones tell retailers not only how many people visit a mall or strip center a day, but also what time they go, how long they stay, where they shop and how many times a year they are likely to come back. Retailers layer in their own data, including customers’ addresses and shopping preferences gleaned from their online sales and loyalty-program apps. “There’s so much data at tenants’ and retailers’ fingertips now,” said Josh Suffin, president of real-estate services for the analytics company RetailStat. “Significantly more than there was 10, 20 years ago.””
Business Standard: “Global capability centres (GCCs) are increasingly looking to tap into revenue opportunities from the Indian market, which is already a critical talent hub. While capturing the potential of the Indian market has been in the works over the past few years, it’s only of late that companies are gaining momentum. India is home to more than 1,580 GCCs, with a total market size of $46 billion and growing at a compound annual growth rate (CAGR) of 11.4 per cent, according to a Nasscom-Zinnov report.”
Randall Holcombe: “Most people are not concerned about inflation per se, but rather high prices. Whether inflation is up or down is not something most people keep track of. People are looking at how much they have to pay for stuff. So, even if the Fed’s inflation goals are met by November, prices will still be higher than they were a few years ago, and people will still associate those few years with the Biden administration. For that reason, no matter how successful the Federal Reserve is in curbing inflation, inflation will weigh as a negative on the Biden administration’s reelection prospects. People will remember that the Biden administration claimed that inflation was a transitory phenomenon. However, prices are still higher than they were a few years ago.”
Brian Chau: “Artificial intelligence is a process, not an object. It is not oil, shovels, or images. It is more like mathematical equations, programming languages, or speech. Artificial intelligence is a set of statistical methods used to turn information and energy into output, like new images or emails. It is a wide research area that includes simple methods a single software engineer could manually write in one night and billion-dollar models such as OpenAI’s ChatGPT.” [via Arnold Kling]
Stephen MacMillan (Hologic CEO): ““The simple question we ask everyone is, ‘OK, you want to add someone, what’s the least productive person on your team doing, and what if you instead replace the least productive person with this new person?’ Then it becomes headcount-neutral.””
