ChatGPT recently overtook Netflix in web visitors. All in a year. Just an absolutely insane growth curve.
INVESTMENT
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OpenAI’s Non-Profit to For-Profit Transition Explained
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OpenAI was a non-profit that now owns a for-profit entity also called OpenAI.
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GPT Store Platform Economics: Network Effects Strategy
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I think the GPT Store is conceptually the right move: when you think about massive software companies (Shopify, Valve, Apple, Roblox) a lot of that comes from revenues driven through their platform and its network effects. GPTs and the GPT Store are a great analogue because
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Software Companies Face Tax Rule Changes on Engineer Salaries
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Fun fact which is in no way fun: software businesses are currently sweating related issue. A change in rules lead to engineer salaries moving to presumptively capitalized versus presumptively deductible, which has effect of ballooning current-year taxable income of cos.
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IP Investment Tax Treatment: Capitalization vs. Immediate Deduction
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I'm not in the movie business, but hypothetically if one were to invest to develop an IP, typically one would be forced to capitalize those (deduct ratably over useful economic life of the IP). Total failure of the investment, OTOH, lets you realize/deduct immediately.
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Google Opens Research Scholar Program for Early-Career Professors
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Applications are open for the Research Scholar Program, an effort that aims to strengthen long-term collaboration w/ the academic community by supporting early-career professors pursuing research in fields relevant to Google. Learn more & apply by Nov 30 ↓
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Digital Asset Management Platforms: Security and Trust in Banking
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Banking today requires accessible platforms for digital asset management. Investors seek tools to handle digital and traditional assets, focusing on security, transparency, and low fees. Trust is vital in this evolving digital finance landscape. Microblog @antgrasso #finserv
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Tether connections to crypto fraud schemes examined
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(And of course he’s also deeply up-to-the-neck involved in Tether because can you imagine someone with that profile not being in bed with Tether? Which, ahem, another point of commonality with the FTX crew.)
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Justin Sun’s Crypto Empire: Misappropriation and Leverage Schemes
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(If you have not followed this saga, Justin Sun is a crypto magnate who has a complicated and extremely leveraged business empire which does effectively openly the thing which FTX et al did by stealth: issue tokens, buy businesses with customer assets, misappropriate, repeat.)
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Insolvent crypto exchange faces deeper troubles amid fraud allegations
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Widely-understood-to-be-insolvent exchange owned by widely-understood-to-be-fraudster may now be widely-understood-to-be-even-more-%]*}^]^}*]ed.
