Signal: Stock Performance Remedies 📧
Well, so much for Google being undervalued. The stock rose over 9% yesterday on the news that they basically won (from a remedy perspective) the antitrust trial they lost. Over $200B in market cap added means they too are closing in on the $3T mark. When I wrote my post on June 4, the stock was trading at $168/share. It closed yesterday at $231/share.
To be clear, I don't own shares in Google – despite having worked there for over a decade – but I probably should have bought some that day. I can do that now! I do own shares in Apple, and they were up a "mere" 4% on what was arguably just as big of a win for them yesterday. At $3.5T, they're back in the race with Microsoft in terms of market cap now ($3.75). Still a ways behind NVIDIA ($4.15T) though... But no longer a trillion behind!
I Wrote...
M.G. Siegler
Others Wrote...
🧠 What If We’re Doing AI All Wrong?
Ostensibly a profile of Ashish Vaswani – one of the eight contributors to the seminal 'Attention Is All You Need' paper that launched the transformer and thus, our current Age of AI – this piece by Julia Love also explores the broader concept of what if there's life beyond said transformers in AI? And what if all the current success in AI from ChatGPT on down is blinding everyone to that obvious truth? Well, not everyone, Vaswani, for one, who has pivoted his Essential AI company from being focused on productizing the current models to trying to discover new techniques in the pre-training of models. [Bloomberg 🔒]
🎞️ Is ‘The Wizard of Oz’ at Sphere the Future of Cinema?
More of a meta review than an actual review by Alissa Wilkinson, she hits on a number of interesting points and ideas. First and foremost, this experience isn't really a movie, it's more like a performance or show adapted from a movie – right down to the fact that they cut out nearly 30 minutes of the original. And yes, all the AI work done to expand and enhance the visuals to fit the new screen – but that too makes it less a movie, which has been an art form about framing; this removes that element almost entirely because the visuals are wrapped around you. In that way, it's more like VR or what Apple has been starting to do with "Spatial" movies and "Immersive Video". It's interesting, but different. But there are a lot of questions about altering old art into such formats that people will assume is just a "port" of the original. While they're both big screens, this is not IMAX. [NYT]
Below, members of The Inner Ring will find thoughts on:
• Google TPUs Taking on NVIDIA
• ReMarkable's New Note Taking Device
• Atlassian Buys The Browser Company
• The Sexy Celeb AI Bot Epidemic
• Bond, Young Bond
• and more...