China is a conglomerate willing to use its GDP and power to cross-subsidize any internal business that benefits from scale economies and network effects, until that business achieves a global supply monopoly.
@naval
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Knowledge as Economic Resource: Unique Information Drives Wealth Creation
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Knowledge lets you turn any resource (commodities, computers, labor, money) into products, services, investments. Obviously, unique knowledge is better than widely dispersed knowledge. But it’s knowledge that makes us wealthier than cavemen, who had as much time and physicality.
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Knowledge as Market Value: Building Unique Skills
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Knowledge is the biggest component. Without knowledge, we’re just monkeys scribbling in the dirt. Unique / specific knowledge with market value is worth even more.
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Wealth Definition Must Include Resources and Knowledge
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Any broad definition of wealth has to include all available resources plus knowledge.
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Real Money Makers Don’t Sell You Courses
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Nobody who’s actually good at making money needs to sell you a course on it.
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Four Platforms to Showcase Proof of Work and Intelligence
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Twitter, YouTube, SubStack (blogs), and podcasts are the four places where you can project proof of work and proof of intelligence.
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Price-Sensitive Students Driving AI App Adoption Patterns
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Typical user of these apps is more like a price-sensitive student using it for essays than a generic adult doing search-like tasks. Differentiated output, reasoning traces and *free* matter a lot.
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Technical Teams Confirm AI Cost Savings Techniques
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Smart technical teams are already starting to confirm that the techniques and resulting cost savings are real.