The AI hype cycle is damaging real innovation across tech. It is crazy FOMO having negative impact on the world as we move forward. "AI is artificially inflating valuation numbers across venture: The segment captured nearly 50% of all deal value in Q2. But flat and down rounds
ECONOMY
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Fortune 500 Companies View AI as Major Risk Post-ChatGPT
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In 2023, over half of Fortune 500 companies (56.2%) listed AI as a risk in annual reports, up from just 9% in 2022. Not surprising, considering ChatGPT came out end of 2022. What IS interesting is the breakdown of risk labeling by industry Media and entertainment – 91.7%
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App Store Commissions Impact on Startup Profitability
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Also amazing that they’d be breakeven by now, if it wouldn’t be for these way too high App Store Commissions.
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Circular economy benefits for ICT goods and sustainability
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Companies can benefit from the circular economy for ICT goods by designing products for circularity, promoting sharing, repair, and refurbishment to extend their lifespan, and recycling to recover resources. Source @UNCTAD Link https://
bit.ly/3A5kuSE via @antgrasso #ICT -
Technology’s negative impact on environment and labor practices
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Yes, a net negative, even before you account for the environmental costs and exploitative labor practices.
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US Drug Insurance and Distribution System Challenges
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Also the insurance and distribution of drugs in the US is a mess
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US Subsidizes Global Drug Research Development Costs
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What’s actually happening is that the US is subsidizing drug R&D for the rest of Earth
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Smaller Funds and SAFE Rounds Shape Exit Economics
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This is fascinating data and I’m sure part of it is exit economics. I’m curious if the rise of smaller and earlier funds also contributes to this (more SAFE rounds, longer til mark up/exit, etc.).
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True wealth measured by impact we leave behind
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La verdadera riqueza no se mide en billetes, sino en la huella que dejamos.