Oh it is not about dangerous news but there are many great AI startups and builder, which will be the AI hub in few years.

All in conference

- 중국, 한국, 대만 등 생산 시설을 위탁한 게 지금의 미국 경제에겐 고민인 상황. 미국으로 돌아오라고 하기에도 기업들의 글로벌 경쟁력을 고민해야함. 그와중에 중국 기업들은 자국의 생산 능력을 바탕으로 미국 시장을 적극 타겟중(SHEIN, TEMU).

- 미국의 정치도 세대교체가 이루어지지 않고 있음. Social Media가 신입 정치인이 빠르게 성장할 수 있는 발판을 마련해줄 수 있기 때문에 Social Media x AI가 다음 대선에서 주요 전략으로 자리잡지 않을까? -> 나이 많은 사람들이 나라를 운영하는게 맞는거냐에 대한 고민은 미국도 동일하게 가지고 있음. Btw I think that leaders in politics should be on many front line not only for just media but also industry, scholars and many.

- Compounding interest for reputation. If you are incumbent president, you have huge advantage for being a new president as people know you.

- Being a president is as hard as making a great company.

https://youtu.be/rid9NMSeqXQ

1. Nixon Shock (1971):
- Effect on Dollar Exchange Rate: The Nixon Shock ended the gold standard, which meant the US dollar was no longer pegged to a fixed amount of gold. This allowed for a flexible exchange rate, which initially resulted in a devaluation of the dollar.
2. First Oil Shock (1973):
- Effect on Dollar Exchange Rate: The oil shock in 1973 caused upward pressure on the dollar because oil transactions were mainly denominated in US dollars. This increased the demand for the dollar.
- Effect on Inflation Rate: The oil shock contributed to a significant rise in the prices of oil and gas, a primary driver for increased inflation during this period as higher oil prices led to increased costs for manufacturing and transportation.
- Effect on GDP: The US GDP was negatively affected as the increased costs and inflation led to reduced consumer spending and business investments, slowing economic growth.
3. Rapid Stagflation in the US (1970s):
- Following the first oil shock, the US experienced a period of stagflation characterized by high inflation and slow economic growth. This was partly caused by oil price shocks and monetary policies that were not equipped to deal with simultaneous inflation and unemployment issues.
4. **Second Oil Shock (1979-1982):**
- Impact on Dollar Exchange Rate: This event saw a drastic increase in oil prices, leading to an increased demand for dollars (as oil was priced in dollars), thus appreciating its value.
- Impact on Economy: The shock significantly contributed to inflation and economic instability, leading to a period of stagflation in the U.S.
5. **Paul Volcker's Approach to Stagflation:(1979-1981)**
- Pros: The strategy curtailed inflation effectively.
- Cons: It led to a recession and high unemployment rates.
- Effectiveness: It was deemed effective as it managed to bring down inflation, setting the stage for economic growth in the later part of the 1980s.
- Impact on Carter and Reagan Administration: This policy initially had adverse effects on the Carter administration, contributing to Jimmy Carter losing the 1980 election. Under the Reagan administration, the policy eventually fostered a favorable economic environment, facilitating economic recovery and growth.
6. **U.S. Manufacturing Industry and Unemployment Crushed (early 1980s):**
1. Impact: The high interest rates contributed to the recession, impacting manufacturing industries significantly and causing a rise in unemployment.
7. **Japan Reaps the Rewards of a Stronger Dollar (early 1980s):**
1. Japan benefited from the strong dollar as it made Japanese exports cheaper, leading to a trade surplus and economic growth in Japan.
8. **U.S.-led Plaza Accords (1985):**
1. This agreement was aimed at depreciating the U.S. dollar relative to the Japanese yen and German mark to correct trade imbalances.
2. This led to a correction of trade imbalances, but also contributed to economic issues in Japan later on.
1. Germany and Japan were facing pressure due to their trade surpluses, particularly with the U.S., and sought to reduce these imbalances and ease international tensions.

2. The Plaza Accord was not solely advantageous to the U.S. compared to Germany and Japan. While it did help the U.S. in the short term, it did not fully resolve the trade deficit issue**[5](https://www.bakerinstitute.org/event/currency-policy-then-and-now-30th-anniversary-plaza-accord)**. Germany experienced a recovery and rapid growth after the Plaza Accord, thanks to various factors such as fiscal and monetary policies, government policies in the housing market, and investment in research**[4](https://www.nber.org/system/files/working_papers/w21813/w21813.pdf)**. Japan, however, faced an asset bubble and economic stagnation, known as the "Lost Decade," partly due to the Plaza Accord's impact on the yen's appreciation**[2](https://www.investopedia.com/terms/p/plaza-accord.asp)**. The agreement was not the sole cause of Japan's economic struggles, as other factors like misguided government policies and a credit crunch also played a role**[3](https://www.investopedia.com/articles/forex/09/plaza-accord.asp)**.
9. **Japanese Government Revitalized the Real Estate Market (late 1980s):**
1. In response to the economic slowdown, the Japanese government initiated policies to stimulate the real estate and stock markets, leading to a bubble economy.
10. **Japan's Economic Revival Centered on Real Estate and Stocks (late 1980s-early 1990s):**
1. This period witnessed an economic revival in Japan driven by a booming real estate and stock market, which however culminated in a severe economic downturn when the bubble burst in the early 1990s.

Insightful Takeaways from the All-In Summit with Ro Khanna
https://lnkd.in/g-4PZR6W

In an era of mounting global tensions and swift technological advances, understanding the nuances of the evolving global supply chain dynamics and the political landscape becomes a necessity. Congressman Ro Khanna, in the recent All-In Summit, underscored several pivotal points that merit deep consideration, especially in the realms of international relations and political reform.

1. Global Supply Chain Dynamics: A Shift Towards the New Normal
With the escalating tensions between the US and China, a significant paradigm shift is noticeable in the global supply chains. American companies are progressively relocating from China to other nations, a move that warrants a thorough revaluation of the existing supply chain models. As we stand at this juncture, the focus should not only be on adapting to the change but also on identifying and fulfilling the emergent unmet needs.

History stands as a testament to consumer's preference for affordability coupled with quality. The American market has demonstrated a significant inclination towards products offering value for money, a trend evidenced by the widespread preference for Japanese cars in the 1980s and the current fondness for affordable products from SHEIN and Temu. As we navigate this shift, it becomes imperative to explore innovative solutions that can strike a balance between quality and cost, fostering a symbiotic relationship between producers and consumers.

2.Political Landscape: A Call for Revitalization

The political landscape too is undergoing a radical transformation. Traditionally, incumbents enjoyed a distinct advantage, a phenomenon facilitated by the familiarity and trust associated with established figures. However, we are witnessing a shift, with social media platforms like TikTok and YouTube providing a fertile ground for newcomers to cultivate a robust following. This change comes with a hint of unpredictability, possibly acting as a curveball in the political arena.

It is worth noting that the younger demographic, particularly those aged between 18-29, has had a historically lower voter turnout (51.4%) compared to the older demographic (76% among those aged 65 and above, as per the last US presidential election data). This discrepancy presents an opportunity; an opportunity to galvanize the younger population, fostering a political landscape that is more representative and inclusive.

The upcoming US presidential campaigns promise to be a riveting display of strategic ingenuity, possibly resembling a fierce competition between tech giants. It beckons the aspirants to craft sharp, swift strategies characterized by impeccable execution. The goal should be to foster an environment where numerous trials can be conducted to identify strategies with a promising Product-Market Fit (PMF), facilitating the scaling of effective strategies nationwide.

Q: How do you drive change in company meetings?

Legendary VC
@bgurley
dropped this on a
@tferriss
podcast, talking about how Shopify's
@tobi
makes decisions:

"Whenever we're dealing with a problem and we call a meeting to talk about the problem, I always start with this structure: 'We are here to solve a problem. So the one option that we know we're not going to leave the room doing is the status quo. The status quo is off the table.'"

Bill thought it was genius.

I like it: it prioritises action and reduces inertia.

Often meetings come to an end on the hour, and nothing's resolved. Did we just waste an hour?

Instead of saying, "Let's take this offline," you go: "No, we don't come out of this until it's solved."

It's probably easier for more senior people to enforce this.

https://x.com/nurijanian/status/1699968607021863248?s=20

Among the new offerings will be a Solar API, which could be used by solar installers like SunRun and Tesla Energy and solar design companies like Aurora Solar, according to a list of example customers viewed by CNBC. Google also sees customer opportunities with real estate companies like Zillow, Redfin, hospitality companies like Marriott Bonvoy, and utilities like PG&E.
Some of the data from the Solar API will come from a consumer-focused pilot called Project Sunroof, a solar savings calculator that originally launched in 2015. The program allows users to enter their address and to receive estimated solar costs such as electric bill savings and the size of the solar installation they’ll need. It also offers 3D modeling of the roofs of buildings and nearby trees based on Google Maps data. 
Google plans to sell API access to individual building data, as well as aggregated data for all buildings in a particular city or county, one document states. The company says it has data for over 350 million buildings, according to documents, up significantly from the 60 million buildings it cited for Project Sunroof in 2017.
One internal document estimates the company’s solar APIs will generate revenue between $90 and $100 million in the first year after launch. There’s also a potential to connect with Google Cloud products down the line, documents state.

https://www.cnbc.com/2023/08/28/google-to-sell-maps-data-to-companies-building-solar-products.html

New York-based Intenseye uses artificial intelligence to analyze images and surveillance videos to identify safety issues in the workplace for major customers like Coca-Cola and British textile conglomerate Coats.GETTY
The workplace AI software company is expected to roughly triple its valuation in the Series B funding round, multiple sources told Forbes.

Buzzy AI startup Intenseye is raising new funding that is expected to triple the company’s valuation, Forbes has learned. Venture capital firm Lightspeed Venture Partners is leading the Series B, multiple sources tell Forbes, which will value the workplace safety AI company at approximately $300 million.

Five-year-old Intenseye, which uses artificial intelligence to analyze workplace images and videos to identify safety issues, drew so much interest amid an investor frenzy for AI companies that the deal came together in just a matter of days, a source with knowledge of the process said. Lightspeed ended up the preferred term sheet, five sources told Forbes. Intenseye is raising $65 million in the funding round, according to a source with knowledge of the negotiation.

Launched in Istanbul in 2018 by cofounders Sercan Esen and Serhat Cillidag, who previously worked together as AI engineers for Sony at its Turkey office, Intenseye’s software connects to a workplace’s existing surveillance cameras, then uses machine learning to scan the resulting images and videos for unsafe behavior or hazards. (Customers can run Intenseye’s tools on the cloud or on their own servers, according to its site.) Its technology can identify issues with worker body posture, danger zone violations and whether a worker is wearing appropriate protective gear.

Intenseye had previously announced a $25 million Series A funding round led by Insight Partners in 2021. That round, which included existing investors Air Street Capital and Point Nine, valued the company at just under $100 million at the time, according to PitchBook data. Insight and Air Street declined to comment. Point Nine didn’t respond to a comment request.

Intenseye said in an April press release that its AI models were trained on “a dataset of 22 billion images collected from 25 countries,” adding that it only tracked “actions” and “protects the identities of individuals” by blurring faces, among other measures. “We have assumed responsibility for designing AI ethically and deploying it responsibly to promote psychological safety in the workplaces,” Gökhan Yildiz, Intenseye's head of business development, said then.

Within AI, the firm’s deals have varied widely. Last month, Lightspeed announced a $50 million funding round into online gaming startup Inworld.AI, a few weeks after spearheading a much smaller $2 million AI-related investment into business process outsourcing firm Gushworks. Other notable AI investments include People.ai and Snorkel.ai.

https://www.forbes.com/sites/davidjeans/2023/08/28/lightspeed-intenseye-ai/

1923년 경남 의령에서 태어난 그는 마산고를 졸업한 뒤, 1944년 일본 메이지대 경상학과로 유학을 떠났다. 하지만 1945년 일본 측 학도병으로 끌려가 소련·만주 국경과 오키나와를 오가며 사선을 넘나들기도 했다.
이 회장은 해방 후 “두 번째 인생을 산다”며 부국강병에 기여하는 기업을 만들겠다고 나섰다. 1958년 플라스틱이 신문물로 인기를 끌던 당시, 플라스틱 사출기로 컵·바가지 등을 만들어 팔면서 큰돈을 벌었다. 이후 포장용 필름과 콘덴서용 필름을 국내에서 처음 개발해 수출에 기여했다. 1970년대 국내 유일 애자(전봇대 등에 설치하던 절연용 지지물) 생산업체인 고려애자공업을 키웠다. 이후 삼영중공업 등 16 개의 회사를 거느리는 삼영그룹까지 만들었다.
그는 2000년 설립한 관정이종환교육재단에 자신의 재산 대부분을 쏟아부었다. 목적은 ‘일류 인재 육성’이었다. 1980년대 미국 유학을 보냈던 둘째 아들이 난치병으로 꿈을 피우지 못하자, ‘일류 인재 육성’을 평생의 목표로 삼았다. 그는 “우리가 가진 건 사람밖에 없다. 사람을 키워야 한다. 노벨상 수상자를 키워내자”는 말을 자주 했다.

2015년엔 국내 최초 ‘1조원 장학재단’이 됐다. 이 명예회장은 최근까지도 남아 있던 자투리 재산인 부동산·현금 등 300억여원을 정리해 재단에 넣었다고 한다. 그가 기부한 금액은 그사이 부동산 가치 등이 오르면서 총 1조7000억원이 됐다. 개인이 설립한 재단으로는 아시아 최대 규모다.
그는 평소 “돈을 벌 때는 천사처럼 벌 순 없지만, 쓸 때는 천사처럼 쓰련다”는 말을 했다. ‘공수래(空手來), 만수유(滿手有), 공수거(空手去)’라는 말도 스스로 만들었다. “인생은 빈손으로 와서 그냥 빈손으로 가는 것이 아니라, 손에 가득 채운 뒤에 그것을 사회에 돌려주고 빈손으로 가는 것”이란 의미다. 평소 자장면이나 된장찌개를 주로 먹으면서 근검절약을 몸소 실천, ‘자장면 할아버지’로도 불렸다.

https://www.chosun.com/economy/industry-company/2023/09/14/GUQ3KD252BBWRLROKLMLNEBXRY/?fbclid=IwAR1LuGW3fY_kfpDyipSU2o2GsgY1BtWvZZnUSbPXwfOZgNpFZj0UB54pK14_aem_AbT1oi8pj3NqPhritTAbqAGK1ZkpLUoA0YhpJFcZsuZ5BYBSzGFLfdJZLF49-Blw2pM&mibextid=Zxz2cZ

Company Of One: Why Staying Small Is the Next Big Thing for Business

AI의 등장으로 인해 세상의 변화가 더 빨라졌다. 지금까지 스타트업의 발전이란 일단PMF(Product Market Fit)를 찾으면 빠른 성장을 목표로 투자를 받고 사람을 더 뽑는 루프를 계속 돌리는 형태로 가는 것이 일반적이었는데 그게 앞으로도 맞는 방식인지 의문이 든다.

보통 스타트업이 갖고 있는 장점은 의사결정 속도라고 한다. 하지만 내 경험상 이것도 인원이 어느 이상을 넘어가고 인재밀도가 낮아지는 순간 대기업보다는 빠를지 몰라도 눈에 띄게 느려지게 된다. 이유는 특정한 역할을 염두에 두고 사람을 뽑기 시작하기 때문에 새로운 역할로 새로 배치를 하기 힘들기도 하고, 매출이 나는 비지니스를 버리고 새로운 거를 한다는 것이 생각보다 큰 뚝심과 결정을 필요로 하기 때문이다. 여기에 AI가 너무나도 빠르게 발전하다보니 변화 방향성을 예측하기가 더 힘들어지고 있다.

가능하면 최대 40명 이상으로 인원을 늘리지 않고 점점 인재밀도를 높이는 방향으로 조직을 운영할 수 있다면 세상의 변화에 훨씬 더 빠르게 반응하면서 성장을 위한 성장이 아닌 건강하고 오래 갈 수 있는 성장을 할 수 있지 않을까? 몇 달전부터 이런 생각을 많이 했고 관련한 글이나 책을 찾기 시작했는데 그러다가 눈에 띈 책이 바로 이거다. "Company Of One: Why Staying Small Is the Next Big Thing for Business".

제목처럼 정말 1인 기업이 되어야한다기 보다는 작은 규모를 유지함으로써 성장을 위한 성장에서 발생하는 골칫거리를 피할 수 있다는 내용의 책이고 내가 생각하던 부분을 사례들을 중심으로 잘 설명하고 있다.

Gen AI 등으로 인해 한 사람이 할 수 있는 일의 양이 점점 커지는 상황에서 성장을 위해 위험하게 몸집을 불리는 것보다는 의사소통 비용이 크지 않고 플랫한 조직으로 운영할 수 있는 최대 40명 정도로만 팀을 유지할 수 있다면 변화를 훨씬 더 빠르게 따라가면서 팀이 커지면서 생기는 다양한 이슈를 피할 수 있다는 점에서 매력적인 옵션이 아닌가 싶다.

#1인기업 #staysmall #questionblindgrowth

1) 사람의 그릇은 안 변한다, 회사의 단게에 맞는 사람을 찾아라
2) 회사가 커질 수록 “할 줄 아는 사람”에서 “누가 잘 할지 아는 사람”으로 바꿔야 한다

https://n.news.naver.com/article/015/0004888998?sid=101

디즈니의 밥 아이거와 그의 후임 밥 차펙의 불화 이야기이자, 리더의 중요성에 대한 이야기이고, CEO가 후임을 잘 정하는 것이 얼마나 중요한지에 대한 이야기.

https://www.cnbc.com/2023/09/06/disney-succession-mess-iger-chapek.html?utm_source=substack&utm_medium=email