Azeem's Exponential View - Schumpeter's delight, AI for profit & loss, brain hacking, super spiders
Schumpeter would be happy - new classes of great opportunities for entrepeneurs; real brains and improving them (or not); AI bots in trading and poker; super-spiders, deep-learning for dummies, Tinder man-sluts, and new politics.
This week’s subscriber growth challenge: Please recommend this newsletter to one friend with whom you work.
Department of Schumpeter's delight
Either you need enormous scale (in people, users, etc.) or you need to be nimble and make something valuable. The folks in the middle are the ones who falter.
Andrew Weissman of BetaWorks spots a new class of entrepreneurs who heavily rely on other companies stacks (and platforms) – allowing them to seize specific opportunities.
Nice presentation of the startup ecosystem from Mattermark, the analysts.
And just five (highly-acquisitive) companies are sitting on $500bn in cash. Catnip for founders.
Department of grey matter
There is a dramatic rise in the number of technology patents filed that relate to reading brainwaves which may help avoid the problem below.
Hacker brain stimulation kits can make you dumber. Or don’t get high on your own supply.
Which subject matters more? Expect this debate to widen with Fareed Zakaria’s new book on Liberal Education out soon.
Department of artificial intelligence (poker edition)
Nice feature digging into a new class of AI-driven hedge funds.
Dr Karthik Tadinada shows us how to leverage Twitter to create a Twitter-driven trading bot.
The world’s top poker players are whooping the ass of the world’s top poker bot. #humansrulefornow
Amazon’s AI system is accessible via AWS joining an increasing number of simple to use AI/prediction platforms (check out Ersatz Labs and BigML too).
Short links (good for dinner parties)
Researchers speculate that the spiders incorporated the solution into their silk as they spun their webs.
This is a great 1 hr lecture on deep learning. Surprisingly accessible, if you are comfortable with a decent level of probability (A'Level level).
People in relationships have, once again, ruined something for the singles.
Very simple overview for The Economist. Not a lot new in there, but a handy simplistic survey.
This prediction is clearly wrong. It’ll be vastly higher than that.
What I wrote
We need a new politics. One that is optimistic, positive, logically coherent and compassionate. (To be published midnight tonight)