WSJ: “Meloni’s government is on track to outlast all previous ones since the fall of the fascist regime in 1945.”
Ashu Garg: “The model is not the moat. It never was. Intelligence is not a winner-take-all market. Its frontier is also jagged: there is no single frontier but many, and a different lab will lead in each. Instead, the real value for most companies will come from the application layer, through their proprietary data and workflows—the specific knowledge that sits within companies and industries, the decision traces and context graphs that can’t be replicated. This is where the product comes in: the harness plus the model, wired into a specific customer’s environment that drives a business outcome. A product can turn a model into something durable: a workflow, a habit, a distribution channel, a customer relationship, a store of usage data. The model remains central, but it becomes the replaceable engine inside something that is much harder to replace.”
Naushad Forbes: “I have spent over 40 years studying how nations and firms become innovative. Building technical capability is a hard slog; it has to be learnt step by step. If I think of our own firm, we started investing significantly in R&D in 1991 to develop new products different from everyone else. We had a well-qualified team, but one primarily focused on indigenisation. It took us three years before we got our first moderately successful product out, five or six years before we learnt enough to count on a flow of innovative new products, year on year. The results show in success, in India and overseas. But we are still learning: Focused now on deepening technical capability with closer connection with academic research, in India and overseas.”
FT: “Economic growth isn’t everything for everyone, but it turns out it’s pretty close. It has delivered remarkable progress on exactly the benchmarks that its critics prioritise — recently even on environmental impact. The problem facing rich and poor alike today is that we don’t have enough of it, not that we’ve had too much.”
