Building. Prev @global_founders, co-founder @zalora, Rocket Internet, @mckinsey. @unibo, @MITSloan, @stanford.
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This is a Singaporean answer, they deeply believe they can still be neutral after China invades Taiwan.
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Deutsche Mark stop appreciating against other currencies (joined Euro), no need to improve productivity to run large exports
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Explaining the success of Elon Musk as "just bought stuff at the right time" tells me more about your own (lack of) experience and understanding of building companies than Musk's achievements.
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Have been playing around with document embeddings on @pinecone and @langchain. Picking the right documents to feed into the LLM context is not quite solved by a vector store search for anything beyond a demo use case. Domain-specific metadata filtering engineering should help
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Telecronaca assolutamente inaccettabile e imbarazzante. La "brutta figura" è solo loro. Fanno finta di non sapere, clown totali.
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Taxi drivers are a surprisingly powerful lobby in Italy. Medallion quotas are same as 1990s and the avg taxi driver declares less than €20k/yr earnings to tax authorities.
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Unbelievable story.
Also, who would ever consider selling their business to Kingswood private equity in the future? Is this their last deal?
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I am surprised the president has the power to get all of this done. In most countries all these initiatives would get stuck in the swamp
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I am surprised they are not all French. I see two Italians, already quite a stretch for a French management.
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Il vero titolo dovrebbe essere "Le aziende non sono abbastanza produttive per permettersi di assumere laureati all'attuale prezzo di mercato"
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The Harvard vs Harvard Extension debate highlights that Ivy League education is an expensive exclusive club and its core value is a low acceptance rate.
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Repeal AI Act, DSA and even GDPR. Cookie popups are a constant reminder of EU's over-regulation.
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Obvious infrastructure investment that can easily add 10% to Sicily GDP (~€9B/yr) at the cost of ~€15B. Can also become a symbol of renewed energy and growth in the country. No-brainer, it's a shame we didn't build it 10 years ago.
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This is correct and applies to Italy and other EU countries as well.
Which is a simper explanation for lack of economic growth than any "cultural" explanation: at the margin, over 70% of extra comp goes to taxes. If you are a business and need to hire someone to drive an extra €130 in revenue, you can only afford to pay them €25 net in order to then pay €75 in income tax and social security and keep a €30 profit to cover business, credit risk, etc
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Very interesting thread. In my opinion urbanization despite remote work has quite some room to grow even further.
I think real estate pricing will experience extreme polarization. Beachfront properties and city center high-quality apartments in Manhattan, Paris, London, Singapore and global hubs will keep growing as fast as growth in top-one-percenters' financial wealth.
Everything else declines and possibly goes to zero where demographics are worse (see €1 houses in small towns in Italy, abandoned houses in Japan).
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Seems the AI missed this
Algeria‘s biological man Imane Khelif has beat Italy’s Angela Carini after only 45 sec in 66 kg boxing preliminaries at the #Olympics.
What a disgrace!
What about the rights of biological female athletes?
Where are all the feminists when you need them?
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Cat and mouse race is pretty fast. I also noticed that hitting "retry" sometimes it just overrules without further prompt.
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Piastrellista, elettricista, idraulico, etc €400 al giorno.
Supply and demand.
Low status vs high status jobs.
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"decarbonisation and competitiveness" i am afraid is an oxymoron unless they mean nuclear acceleration (they don't)
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Maybe because they don't have time/resources to figure out if they comply with the AI Act
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Surprisingly underdiscussed: no awareness globally, minimal discussion in Italy.
The incompetence and ignorance of the political leadership class is mindblowing and offensive.
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At times, the fact that rules are "flexible" and most people are allowed to use common sense, is a strength of the Mediterranean system
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The Mixtral 8x7B DPO model by @NousResearch addresses hallucinations, repetitiveness, adherence to system prompt very effectively
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Burger King at YUL airport ran out of burgers. Chicken it is. @BurgerKing you had one job!
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Seems accurate, EU burocracy apparatus can only deliver additional regulation and failed all strategic objectives of economic growth, energy independence, defense
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Excellent recap of the vibe shift in the past year.
I would say at least we are now talking about the gap and awareness of the issue is the first step towards solving it.
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All global trade imbalances (chinese manufacturing exports and petrodollars) need to go somewhere, and that's the US market
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Singapore is still enforcing extremely strict social distancing, contact tracing and quarantine measures that are difficult to execute or even imagine in the west.
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Sovereign Wealth Funds are typically created by net exporters as they accumulate foreign currency.
For it to make sense, the US needs to become an exporter and they need to trade kn currencies other than USD (or sell USD to buy something else).
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Smart observation. On Spotify a handful of artists make all of the money, same applies to dating apps. The "long tail" dilemma, more access counterintuitively translates into stronger power laws
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What's scary is that most EU bureaucrats are in good faith and enjoy the support of an important fraction if not majority of the population thanks to mainstream media.
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Micronesia got a better treatment
People often say that China is not very good in soft power but this is an example of something that they unarguably do much better that the West: treating all countries, no matter how small (we're talking Micronesia here, about 100k inhabitants), the same when their leaders visit China, with all the State's honors and personal reception by the President.
I don't think Micronesia - or any similarly small country - got the same type of welcome in Washington. In fact I checked and the President of Micronesia visited Washington in 2023 and was received by... the White House’s Indo Pacific coordinator.
This sends a clear message of respect, and of abiding by the principle inscribed in the UN Charter that all nations are the same.
As often with China, their messaging isn't so much in grand declarations but rather symbols that shows their commitment to certain principles. As such we often don't get the messaging ourselves because interpretating symbols is not soo much in our culture. But that doesn't mean it doesn't have an impact. If you're Micronesian for instance in this case, you understand the messaging extremely well.
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An incredible team questions their life choices when the main use case of their company is undistinguishable from OpenRouter's billboard
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US added about $10T of debt to grow nominal non inflation-adjusted GDP from 2019 to 2022 by $5T
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La buona notizia è che basterebbe giocare su vantaggi fiscali per nuovi residenti per invertire la tendenza molto velocemente. Si potrebbero portare in italia 2.5 milioni di persone qualificate all'anno da tutto il mondo e aggiungere almeno 2 punti di PIL di crescita.
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Breton had no authority to send that "preventative" veiled threat letter and his work is damaging Europe's reputation
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Real question is how much reach do these bots have. Paid blue checks is in the end a good solution as a simple but effective temporary shortcut for proof of humanity
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Sent an email to our German notary on Tuesday, no answer.
Follow up on Thursday morning , no answer.
Call the office on Friday, assistant says we have received your email, he will answer "in a few days".
It's shocking.
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I just listened to your conversation with marc andreessen, it was epic! Looking forward to listening to this episode next. You are a fantastic, deep, kind interviewer. Amazing job.
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E' positivo che l'inflazione si scesa sotto il 2%. La velocita' della discesa e la traiettoria fa pensare a una frenata estremamente violenta dell'economia piu' in generale.
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I spent 10 years in Singapore, back in Europe now for about a year.
The difference in ease of running a simple business, hiring, firing is beyond shocking. The time and money spent with accountants, notaries and tax advisors is such a waste.
Europe's GDP would double *easily* in 10 years if we embraced economic freedom and abandoned the regulatory burden and overreach by both EU and country level.
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Germany needing to bail out Spain is a direct consequence of Germany running mercantilistic policies and forcing huge surpluses to neighbouring countries within a currency union
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Shift towards Singapore for rich Chinese, starting in primary school, has been extremely visible since 2022. Singapore is in fact the perfect place for them.
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EU is a net exporter to the US, and therefore is in a stricturally weaker negotiating position
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Tra 40 anni se ne parlerà insieme alle baby pensioni come principali cause del collasso
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Greece can thank Germany and their cult-like belief in austerity (which benefited their own export-driven industrial complex)
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I have a small olive grove in Tuscany, we produce for friends and family as a hobby.
I can assure you that the production costs of a liter of proper extravirgin olive oil is a multiple of what you pay at the supermarket. Savings form scale or automation are limited, so something's gotta give.
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