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  1. Andreas Thiel

    The SVB (Silicon Valley Bank) Failure, Nothingburger? Or More?

    HOT! INVESTING 
    The best argument for a nothingburger scenario so far has been that the SVB really might be different. If cryptocurrency exposure of startups was the main reason that led to problematic levels of withdrawals, then the same thing might not be happening at that many other banks!? That is not my...
  2. Andreas Thiel

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Has anybody looked into (and thought about) the Bank Term Funding Program: Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors? Do I understand this...
  3. Andreas Thiel

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Many points to wrap my head around, thanks. The things that I have previously heard before are from Warren Buffetts letters to the shareholders. So what banks did with the float is not even the issue here? It is not about leverage and more about balance? How is this game winnable for banks? They...
  4. Andreas Thiel

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    I am not sure I get what is happening. The inverted yield curve has led customers to move money directly into short term bonds (or what are the "TARA" reasonable alternatives?) and the banks have to realize paper losses when customers withdraw money? Is there some kind of leverage going on? How...
  5. Andreas Thiel

    ChatGPT AI is a huge breakthrough, a Google killer

    - AI - 
    Hasn't this been debunked? Sounded great based on articles about how model size adds emergent features, but I think the OpenAI founder has complained that these kinds of crazy expectations have been put out into the world and are completely baseless.
  6. Andreas Thiel

    ChatGPT AI is a huge breakthrough, a Google killer

    - AI - 
    View: https://twitter.com/denny_zhou/status/1624526445669396480?t=DIXhgcqjLMPM28PIMgi1GA&s=19 Interesting take on the Microsoft enthusiasm. I went for the 20€ subscription as soon as it was available in Germany. It won't teach beginners proper programming skills, but for advanced programmers...
  7. Andreas Thiel

    I've finally found the niche I want to do business in. But I don't have any ideas.

    IDEA 
    Enterprise software is not a niche. All the common problems have cloud solutions with whole markets built around them (CRM, ERP, BI, Sales, Marketing ...). If you want to automate more customer specific solutions, you compete with big companies that sell custom software and consultants. Many...
  8. Andreas Thiel

    My blog is going nowhere and I want traffic!

    MARKETING 
    The reason that there is conflicting information out there is probably that it depends. The SEO advice is great for highly commoditized products, if you have a unique selling proposition and know how you can target your audience. It might help to know more about the kinds of courses you offer...
  9. Andreas Thiel

    SEO & ChatGPT

    MARKETING 
    Why would there only be a single result?
  10. Andreas Thiel

    SEO & ChatGPT

    MARKETING 
    I too think the technology is overhyped and poorly understood. There has to be a lot of compression and loss, given the amount of parameters and how many petabytes of information llms are trained on. Still, I think there are preprocessing ways (ChatGPT backend does a classic search, aggregates...
  11. Andreas Thiel

    What are good books to learn and implement AI?

    BOOKS 
    View: https://youtu.be/VMj-3S1tku0 Andrej Karpathy has great introduction videos. They should give an idea of the kind of math that is involved and what the code of basic projects looks like.
  12. Andreas Thiel

    How to know if there is demand for my service

    IDEA 
    My guts say that it is a concern. Try to walk a few steps in their shoes and you'll understand the sentiment behind the worry. How do you feel when somebody shows you your flaws, tells you that the way you have been talking in countless previous meetings before made you come across as...
  13. Andreas Thiel

    What are good books to learn and implement AI?

    BOOKS 
    There is a Twitter thread where people post links to resources in the comments: View: https://twitter.com/PeterDiamandis/status/1614063428649340930
  14. Andreas Thiel

    How to know if there is demand for my service

    IDEA 
    I am not sure this is correct. Ramit Sethi usually says you want to figure out where the fish are. Just assuming Google, Facebook and Youtube are always the answer might be wrong. He also says you should find a channel where your target audience is already buying things. Otherwise you might...
  15. Andreas Thiel

    Would now be the time to create new entertainment media for the western market?

    QUESTION 
    There might be a huge opportunity, but I am not so sure it is because content is that bad right now. The opportunity might lie more in the fact that streaming platforms are trying to become king of the hill and are on a timer, that a "Squid Game" can be a needle mover and there is huge demand...
  16. Andreas Thiel

    Starting IMMEDIATELY with AI

    EXECUTION 
    If you reach that stage, what I would love to know more about is what reasonable back of the envelope calculations can look like with GPT-3. When I looked at OpenAIs pricing - based on tokens - I found it confusing. My take on it right now (not sure that it is a helpful way to think about...
  17. Andreas Thiel

    ChatGPT AI is a huge breakthrough, a Google killer

    - AI - 
    Interesting. Have you played around with that? Given that GPT-3 is not a database I'd intuitively expect that to deliver mixed or subpar results.
  18. Andreas Thiel

    Why does my mind go blank when its actually time to do the hard work?

    MINDSET 
    I noticed that my inner dialogue has degraded. Might be a related aspect. There is a similar common complaint. People wonder why they have these clear pictures in their head and can't put (draw / paint) them on paper. I think it is an illusion. You don't actually have that clear picture in...
  19. Andreas Thiel

    ChatGPT / AI / MidJourney Creation Repository: Share Your Useful Creations

    - AI - 
    Actually subscribed to Midjourney. One tip: if you subscribe you get 3+ of fast hours each month. Spent hours playing around and still not close to running out, but: right now they incentivize rating images. If you make it into the top 1000 on any day you get an additional hour. Worked twice...
  20. Andreas Thiel

    Selling Information Products still viable today?

    QUESTION 
    What has been commoditized will get more commoditized. The ideal with infoproducts has been taking the less travelled road and aiming for excellence. I don't have much experience myself, but I bought and went through the "Zero to Launch" course by Ramit Sethi. Some of the most important points...

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