CMA have published an in-depth report on competition in online platforms and digital advertising in the UK.
The dominance of these platforms is clear – as the chart shows Google has market power in the entire vertical chain which takes 35p for every £1 of advertising spend.
Lots of interesting charts inside – some to come in future snippets.
Since 1958, it has been a driving force in the creation of weather satellites, GPS, personal computers, modern robotics, the Internet, autonomous cars, and voice interfaces, to name a few.
This fascinating and thorough article, or more precisely a self describe “collection of atomic notes”, attempts to explain why DARPA works in search of creating a private sector funded “ARPA”.
The section on program managers is worth a look as the characteristics described there are also those that make good investment analysts.
A chart that is one possible explanation for Tesla’s dominance.
When compared to direct competitors like Jaguar, Mercedes, Audi and Porsche, Tesla models 3 and S have almost 2x the efficiency which translates directly into savings.
Comprehensive report with loads of stats on “whatpeople in the UK are doing online, how they are served by online content providers and platforms, and their experiences of using the internet, alongside business models and industry trends.“
71% of all online time is spent on mobiles now, yet half of over 75 year olds don’t use the internet at all.
39% of online time by adults was spent on Google or Facebook owned sites, and these two control 79% of UK online ad revenue.
This dataset tracks the flow of talent in AI around the world.
The chart shows the top 25 institutions for AI research.
“The United States has a large lead over all other countries in top-tier AI research, with nearly 60% of top-tier researchers working for American universities and companies. The US lead is built on attracting international talent, with more than two-thirds of the top-tier AI researchers working in the United States having received undergraduate degrees in other countries.”
An insightful post about how the passion economy will disrupt traditional competitors.
Passion economy is the ability of “new digital platforms enable people to earn a livelihood in a way that highlights their individuality.“
Disruption happens as “these workers can develop new products/services that serve previous non-consumers and over-served consumers. This means that across different industries, new Passion Economy platforms have the potential to disrupt incumbents.“
“Wherever there’s a major shift in the American landscape in the past half-decade—be it political or cultural—there, somewhere on the donor list of the political campaign, or among the investors in the controversial technology, is Peter Thiel.“
One of the better investment books around is exactly about that.
A personal favourite was when Stanley Druckenmiller got himself involved in Tech stocks at the top of the dot-com bubble.
“Druckenmiller knew exactly what he was doing – he just couldn’t stop himself. ‘I bought $6 billion worth of tech stocks, and in six weeks I had lost $3 billion in that one play. You asked me what I learned. I didn’t learn anything. I already knew that I wasn’t supposed to do that. I was just an emotional basketcase and couldn’t help myself. So maybe I learned not to do it again, but I already knew that.‘”
This is an inspiring post on how some of the biggest consumer apps acquired their earliest users.
Pinterest’s strategy was eye catching and shows real hustle – “We did all kinds of pretty desperate things, honestly. I used to walk by the Apple store on the way home. I’d go in and change all the computers to say Pinterest. Then just kind of stand in the back and be like, “Wow, this Pinterest thing, it’s really blowing up.”
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