Fragrances and AI

  • Consumers of all age groups are using around four different fragrances regularly, which is a significant change from a decade ago when they had one signature scent.
  • Some people talk about the ‘Deep Seek Syndrome,’ saying, ‘You’re overspending, you’re spending $500 billion, you’re overspending! You can save so much more by spending less.’ But I think they are looking at it the wrong way. How much percent of GDP will be replaced by a billion-dollar smart system? I would say at least 5% within 10 years. That 5% is $9 trillion—or if it’s 10%, it’s $18 trillion. So, somewhere between 5% to 10% of today’s GDP will be replaced by this superintelligence. Well, if that’s the amount of return, you shouldn’t be scared of spending a few trillion dollars. If the return is $9 to $18 trillion per year, why should you save? Why should you try to be efficient? For what? I don’t get it. Just a little difference makes a huge return on your market share.” – Softbank CEO Masayoshi Son
  • Source: A good smorgasbord of quotes from recent transcripts.

Snippet Finance Content Hub

  • I am excited to publish a curated list of the best blogs, tools, and webpages that form the heart of Snippet Finance.
  • The list is organized by category with other groupings like sector, geography, and type of content.
  • Use the controls at the top to filter, group, and search.
  • You can also rate content creators and leave a review.
  • You can submit ideas of good content creators here.
  • Note the list is best viewed on a desktop.

We live at 10 bits/second

  • Fascinating paper on how fast humans throughput information, 10 bits/second, and how this is in stark contrast to our sensory system which does 10^9 bits/second.
  • Why this is and how is still not well understood.
  • “Based on the research reviewed here regarding the rate of human cognition, we predict that Musk’s brain will communicate with the computer at about 10 bits/s. Instead of the bundle of Neuralink electrodes, Musk could just use a telephone, whose data rate has been designed to match human language, which in turn is matched to the speed of perception and cognition.”

Explaining PE Exit Drought

  • “The exit environment overall is governed by both cyclical and secular factors. Cyclical factors get a lot of airtime. Often mentioned are supportive macro, LP allocations right-sizing, and “animal spirits”. But the incentives facing sponsors get a vote. And sponsors today seeking to maximize their probability of survival face an environment that incentivizes retaining assets, lengthening their liabilities, and avoiding replacement/origination costs. This is the New Exit Game.”
  • Source.
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