Category: Laptops

  • SBF Says He Tried to Survive on a Jar of Peanut Butter in Prison

    SBF Says He Tried to Survive on a Jar of Peanut Butter in Prison

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    • Ex-FTX CEO Sam Bankman-Fried said he tried to survive on a jar of peanut butter while locked up. 
    • Bankman-Fried, a vegan, had limited food options at the Fox Hill jail in the Bahamas.
    • He told Puck News he would skip a meal and eat a peanut-butter sandwich instead.

    Disgraced ex-FTX CEO Sam Bankman-Fried says he tried to survive on a jar of peanut butter when being held at the Fox Hill prison in the Bahamas.

    Bankman-Fried, who is currently under house arrest, spoke about his short incarceration in the Bahamas during an interview with Puck News, published on Tuesday. 

    “I spent a while trying to see how far a jar of peanut butter could get me,” Bankman-Fried told Puck News.

    “It was a little touch and go for a while,” Bankman-Fried said, speaking of his health during his imprisonment at Fox Hill.

    According to a December report from the New York Times, the jail Bankman-Fried was held in was called “Fox Hell” by Bahamian locals, and was known for its bad living conditions and rampant violence. The Times reported that Bankman-Fried was given toast and jam for breakfast because he was vegan, and served vegetables for lunch and dinner. 

    At his peak, Bankman-Fried was worth $26 billion. However, he saw nearly all of his net worth wiped out overnight when his crypto-exchange platform, FTX, collapsed.

    Bankman-Fried told Axios in November that he only has $100,000 in his bank account. Bankman-Fried’s parents are both Stanford Law School professors, who used their California home to help secure his $250 million bond

    On January 3, Bankman-Fried pleaded not guilty to fraud and conspiracy charges in the Justice Department’s criminal case against him. He is currently out on bail and is living in his parents’ home in Palo Alto, California.

    During his interview with Puck News, Bankman-Fried also said he has “nothing left” where relationships and support is concerned, because most of his friends aren’t talking to him anymore. 

    “I don’t blame people for wanting to try and avoid getting drawn into the shitshow as best they can,” Bankman-Fried said.

    A spokesperson and a lawyer for Bankman-Fried did not immediately respond to Insider’s requests for comment.

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  • Pension Fund Asks Southwest About Plans to Avoid Future Chaos: WSJ

    Pension Fund Asks Southwest About Plans to Avoid Future Chaos: WSJ

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    • The New York State comptroller pressed Southwest Airlines to explain how it plans to avoid another operational meltdown.
    • The carrier canceled more than 16,700 flights between December 21 and 31, amid the holiday travel season.
    • Southwest estimated the meltdown in December will cost the airline $825 million.

    The overseer of one of the largest public pension funds in the US is demanding an explanation from crisis-hit Southwest Airlines — New York State Comptroller Thomas DiNapoli wants to know how the carrier plans to prevent another operational meltdown that caused the recent holiday travel chaos.

    “Clearly this crisis has resulted in profound customer dissatisfaction and is expected to generate significant costs to the company,” DiNapoli wrote in a letter to Bob Jordan, the CEO of Southwest Airlines, the Wall Street Journal reported Monday.

    In the letter, DiNapoli also asked the carrier how it plans to “correct these failures – not just in the immediate term, but for the coming years,” per Reuters.

    The New York state pension fund is one of the top-100 largest investors in Southwest. As of September 30, it held $17.6 million worth of Southwest stock, or about 0.1% of outstanding shares, according to Refinitiv data. The comptroller’s office oversees the fund. 

    Southwest canceled more than 16,700 flights between December 21 and 31 as the busy holiday travel season collided with a major winter storm, an outdated scheduling system, and an unconventional flight structure. 

    Last Friday, Southwest estimated the meltdown in December will cost the airline up to $825 million, including lost revenue and passenger reimbursements. The carrier expects to post a net loss for the fourth quarter.

    A spokesperson for the comptroller’s office told WSJ it’s waiting for a response from Southwest, but had no immediate plans for action. A Southwest spokesperson told the media outlet it has received the letter and is working on a response.

    The New York State Comptroller office and Southwest Airlines did not immediately respond to Insider’s requests for comment sent outside regular business hours.

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  • Alibaba Shares Hit 6-Month High After Jack Ma Cedes Ant Group Control

    Alibaba Shares Hit 6-Month High After Jack Ma Cedes Ant Group Control

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    • Alibaba shares rose 9% after news emerged founder Jack Ma was ceding control of affiliate fintech firm Ant Group.
    • The gains also come on the back of a broader market rally in Asian shares, thanks to China’s reopening.

    Shares of Alibaba surged to a six-month high on Monday, joining a broad-based rally in Asia after China reopened its international borders, signaling the country’s back in business.

    Shares of tech giant Alibaba led the gains — leaping 9% to a six-month high, before closing 8.7% higher, after news emerged over the weekend that founder Jack Ma was ceding control of Alibaba affiliate Ant Group, following China’s crackdown on tech companies since 2020. The stock had fallen 27% in 2022. 

    Ma, an outspoken teacher turned tech titan, was once a high-profile jet-setter, and the face of China’s Big Tech. But he has been lying low since October 2020, after giving a speech criticizing China’s financial regulatory system. His words angered the Chinese authorities, prompting intense regulatory scrutiny of his businesses and a wider crackdown on tech firms in the country.

    The Financial Times reported in November Ma had been living in Tokyo for six months, and he was spotted last week in Bangkok, Thailand.

    However, on December 29, China’s Banking and Insurance Regulatory Commission approved Ant to more than double its registered capital in its consumer finance arm to 18.5 billion Chinese yuan ($2.7 billion). This led to an 18% gain in Alibaba’s stock price last week, as “the market believes the governmental investment means that the conflict between Jack Ma and the authorities has come to an end,” Ming Lu, the China head at Singapore-based Aequitas Research wrote in a note on Monday.

    Furthermore, a top Chinese central banker’s suggested over the weekend that Beijing’s tech crackdown is coming to a close, fuelling positive sentiment in the country’s tech sector.

    The Hang Seng Tech Index — an index that tracks the 30 largest tech companies listed in Hong Kong — closed 3.2% higher. Shares of Hong Kong-listed Chinese tech giants Tencent and NetEase closed 3.6% and 2.6% higher respectively.

    Overall, Asian shares also rallied on Monday. China’s reopening boosted market sentiment after the country reopened international borders on Sunday, allowing incoming travelers to enter without quarantine — a major reversal after three years of strict zero-COVID policies.

    Hong Kong’s Hang Seng Index closed 1.9% higher, the Shanghai Composite Index gained 0.6%, and the Shenzhen Composite Index rose 0.7%.

    Outside China, South Korea’s Kospi closed 2.6% higher, while Nikkei futures were up 0.9%. Japanese markets were closed for a public holiday on Monday.

    Markets are bouncing back, thanks to China’s reopening

    There could be further upside ahead, Nomura analysts wrote in a note on Monday.

    “China’s reopening momentum has been faster-than-market, and our own, expectations – though it has resulted in a temporary surge in new cases and depressed mobility, we think investors should or will ‘look through’ and focus on an eventual economic and earnings recovery later in 2023,” Nomura analysts in a note on Monday morning.

    While sentiment is high amid China’s economic reopening, some analysts caution the ride may be bumpy as the country battles a massive surge in COVID-19 infections, after reversing pandemic policies abruptly last month.

    “While that is a positive step towards a longer-term growth recovery, the near-term risk of virus waves are put into question, which could be catalysts for jitters over the coming weeks,” Yeap Jun Rong, a market strategist at IG, an online trading platform, wrote on Monday.

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  • This Boeing 737 Is Being Converted Into a Luxury Villa in Bali

    This Boeing 737 Is Being Converted Into a Luxury Villa in Bali

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    The property, called Private Jet Villa by Hanging Gardens, is located on a clifftop near Nyang Nyang beach in Bali, Indonesia.

    Rendering of Private Jet Villa by Hanging Gardens



    Felix Demin


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  • 12 ‘Nepo Babies’ of Big Business Helped by Family Connections

    12 ‘Nepo Babies’ of Big Business Helped by Family Connections

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    • A “nepo baby,” or nepotism baby, is someone whose career has benefited from family connections.
    • The term entered popular use after New York magazine used it in a list of people in Hollywood.
    • Now Insider presents a list of 12 nepo babies of big business.

    As the saying goes, it’s not what you know, but who you know. That’s all the more true for “nepo baby” executives who have bagged high-powered jobs at their family businesses.

    The term nepo baby — short for nepotism baby — entered popular use last month after New York magazine took a deep dive into the world of Hollywood nepotism. The front cover of the magazine’s December issue used the term while featuring eight Hollywood celebrities in romper suits with the headline “She has her mother’s eyes. And her agent.”

    Now it’s Insider’s turn. Here’s our list of 12 nepo babies from the world of big business: high-flying executives whose family ties have given them a leg up the corporate ladder. Not all of them had even always wanted to work in the family business, but most gained a wealth of experience from relatively early ages in their parents’ companies and industries.



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  • Matt Gaetz Says He’ll Resign If Democrats Elect a Moderate Republican

    Matt Gaetz Says He’ll Resign If Democrats Elect a Moderate Republican

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    • Matt Gaetz is sure House Democrats will not break ranks and vote for a moderate Republican for speaker.
    • Gaetz told Fox News host Laura Ingraham that he will “resign” if that scenario occurs.
    • “That is how certain I am, I can assure your viewers — that won’t happen,” Gaetz said.

    Florida Rep. Matt Gaetz says he is certain that House Democrats will not change tack and elect a moderate Republican for speaker — and if they do, he’ll resign. 

    Gaetz was speaking to Fox News host Laura Ingraham on Thursday, where he was asked about the possibility of Democratic representatives breaking ranks. Ingraham earlier on Thursday night suggested on her show that there may be a scenario where the Democratic Party helps elect McCarthy or another Republican, so that “both parties share power on the committees.”

    Gaetz disagreed with Ingraham’s hypothesis. 

    “I’m on the floor, Laura. These 212 Democrats are going to vote for Hakeem Jeffries every single time,” Gaetz told Ingraham. “He is a historic candidate for them. They are not going to cleave off under any circumstance.” 

    “I assure you — that if Democrats joined up to elect a moderate Republican, I will resign from the House of Representatives. That is how certain I am. I can assure your viewers: that won’t happen,” Gaetz added. 

     

    The Florida congressman was referring to House Democratic Leader Hakeem Jeffries, who will become the first ever Black congressional party leader when he is sworn in. Jeffries secured all 212 votes from his party for the 11 speakership ballots held as of Thursday. 

    Rep. Kevin McCarthy is currently vying for the speakership but has failed 11 consecutive times to secure the 218 votes needed. McCarthy now needs to convince the 20 hardline GOP members who are “Never Kevins” — a crew of congresspeople blocking his speakership bid — that he is the man for the job. 

    Gaetz might have some cause for confidence. On Tuesday, New York Rep. Alexandria Ocasio-Cortez was spotted speaking to Gaetz on the House floor. The Democratic congresswoman told The Intercept that during that conversation, she assured Gaetz that her party will not help McCarthy get the votes he needs. 

    “McCarthy was suggesting he could get Dems to walk away to lower his threshold,” Ocasio-Cortez told The Intercept of her conversation with Gaetz. “And I fact-checked and said absolutely not.”

    Gaetz is a prominent figure in the “Never Kevin” movement. Before the first speakership vote on Tuesday, he delivered a scathing rebuke of the California congressman

    “If you want to drain the swamp, you cannot put the biggest alligator in charge of the exercise,” Gaetz said on Tuesday. “I’m a Florida man and I know of what I speak.”

    The Florida congressman has also been trolling McCarthy and mocking him for his consistent failures. On Tuesday, Gaetz penned a letter to J. Brett Blanton, the Architect of the Capitol, asking for an explanation as to why McCarthy was allowed to work from the speaker’s suite despite not yet landing the job.

    “What is the basis in law, House rule, or precedent to allow someone who has placed second in three successive speaker elections to occupy the Speaker of the House Office?” Gaetz wrote in his letter on Tuesday. “How long will he remain there before he is considered a squatter?” 

    Gaetz has over the last three days consistently voted to block McCarthy from securing the speakership. On Thursday, Gaetz voted for former President Donald Trump to be speaker even after McCarthy made significant concessions to the “Never Kevin” camp. 

    Representatives for Gaetz and McCarthy did not immediately respond to Insider’s requests for comment.



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  • Tech Sector Announces Over 25,000 Job Cuts Just Days Into 2023

    Tech Sector Announces Over 25,000 Job Cuts Just Days Into 2023

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    • Amazon will be cutting over 18,000 jobs, CEO Andy Jassy confirmed Thursday.
    • Salesforce said on Wednesday it will cut about 10% of its 73,541-strong workforce, and close some offices.
    • Media company Vimeo also said on Wednesday it will lay off 11% of staff.

    It’s just five days into 2023, but the tech winter has already begun dampening the new year’s spirit — Amazon, Salesforce, and Vimeo have just announced over 25,000 job cuts amid fears of an upcoming recession. 

    Amazon CEO Andy Jassy confirmed Thursday the ecommerce giant’s latest round of layoffs — which started back in November — will see 18,000 jobs impacted. The massive job cuts — which was first reported by the Wall Street Journal on Wednesday — were far higher than Amazon’s initial plans of 10,000 job cuts.

    “This year’s review has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years,” Jassy wrote in a note to staff on Thursday. Amazon employs 1.5 million workers and this round of job cuts is the largest in the company’s history. 

    “Companies that last a long time go through different phases. They’re not in heavy people expansion mode every year,” said Jassy in his note.

    On Wednesday, Salesforce said it will cut about 10%, or over 7,000, of its 73,541-strong workforce, and close some offices in a bid to slash costs.

    “The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions,” co-CEO Marc Benioff said in an email to staff.

    Media company Vimeo also said on Wednesday it will lay off 11% of its total staff. The staff cuts will help Vimeo address economic concerns, a company spokesperson told Insider’s Grace Kay. The company employed about 1,200 staffers as of December 2021, according to its annual regulatory filing. 

    The rash of layoffs came after tech companies hired and expanded aggressively during the pandemic. As Salesforce’s Benioff put it in his memo to staff, “as our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that.”

    Now, tech companies are shifting their strategies amid fears of an impending recession. More than 1,000 tech companies globally have collectively cut more than 150,000 jobs in 2022, according to tracking site Layoffs.fyi.

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  • Why Fed Minutes and Jobs Data Might Drive First Market Moves of 2023

    Why Fed Minutes and Jobs Data Might Drive First Market Moves of 2023

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    • Two key economic releases could influence investors’ outlook this week.
    • Federal Reserve minutes and US jobs data could fuel the first major market moves of 2023.
    • Here’s how they could spark a much-needed rally – or lead to further declines for stocks.

    As 2023 gets going, investors are keenly searching for clues that could offer some insight into how stocks could perform over the first few months.

    Red-hot inflation and rising interest rates hammered equities last year, with the benchmark S&P 500 index tumbling 19% and the tech-heavy Nasdaq plummeting 33%.

    This week, two events could set the tone for January by showing whether the Federal Reserve wants – and will be able to – press ahead with its monetary tightening campaign without crushing the US economy.

    Here’s why the release of December’s Fed minutes Wednesday and the latest US jobs report Friday could fuel the first major market moves of the year.

    Fed minutes

    The US central bank raised interest rates aggressively last year in a bid to bring soaring inflation under control, boosting its benchmark rate to between 4.25% and 4.5% from nearly zero in March. The institution lifted its benchmark rate by 50 basis points in December, slowing its pace after four previous increases of 75 basis points each.

    The steep rise in borrowing costs over the past year has weighed heavily on stocks, because they make holding cash in a bank account more attractive and erode companies’ future cash flows, lowering their valuations.

    The Fed is set to release the minutes from its December meeting at 2PM Eastern Time Wednesday, which could offer investors some insight into whether it’ll look to press ahead with its rate hikes – or ease up on monetary tightening as inflation starts to cool toward its 2% target.

    Traders shouldn’t expect any major policy shifts just yet, according to Wedbush Securities – with US inflation coming in at 7.1% in November  and a strong labor market giving the central bank scope for further rate hikes.

    “The inflation genie is out of the bottle and the Fed is scrambling to get it back in by continuing its rate-hiking crusade,” strategists David Chiaverini and Henry Coffey said in a research note published Tuesday. 

    “While we’ve seen a slowdown in the pace of rate hikes, it does not appear a rate cut will be on the table until we start to see a significant rise in unemployment,” they added.

    US jobs data

    In 2022, the US’s white-hot labor market tended to be bad news for investors.

    To recap: the Fed has a “dual mandate” to keep inflation close to 2% while also maximizing employment, and the labor market’s continued strength has given it a license to raise interest rates aggressively without having to worry about the latter objective.

    The release of non-farm payrolls data at 9AM Eastern Time Friday will show how many jobs the economy gained in December – and could set the direction of travel for financial markets for the next few weeks.

    Should there be any weakening of jobs data in the coming months, it could become one of the defining stories for investors in 2023 – potentially increasing the likelihood that the Fed will have to pivot from its current policy bias to support the labor market.

    “Despite remaining strong in 2022, the labor market is poised to weaken in 2023, as it’s a lagging indicator of which medicine takes the longest to cure,” Interactive Brokers senior economist José Torres said Monday.

    Economists expect Friday’s labor report to show that the US economy gained around 200,000 jobs last month, according to Refinitiv. That’d represent a decline from November’s 263,000 figure – but suggest that the Fed still has some scope to carry on tightening without crushing the jobs market.

    Read more: The market chaos sparked by Russia’s invasion of Ukraine may finally be over, according to these 5 charts

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  • Tech Trends for 2023 From Adobe’s Chief Product Officer

    Tech Trends for 2023 From Adobe’s Chief Product Officer

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    • Scott Belsky is the founder of Behance and the chief product officer at Adobe.
    • He predicts that our healthcare will be increasingly AI-based.
    • Belsky also believes we’ll be able to see daily or weekly “super cuts” of our lives. 

    Every year I ask myself, “How will work and life change in a material way over the next three to five years?”

    As a founder myself (Behance), Adobe’s Chief Product Officer, and an early investor in over 80 startups — these trends inform my work and are a fun annual exercise. 

    2022 was a pivotal year for: 

    1. Collaborative web apps disrupting every function of the enterprise.
    2. Artificial intelligence reaching key milestones. 
    3. Market shifts resetting companies, and more. 

    Now, what are the forecasts and implications for the years ahead? 

    1. Internet browsers will shift from generalized to specialized 

    As web apps, communal browsing, and decentralized technology continue to grow, browsers have become too generalized and antiquated for the future of web apps. 

    This new age of web apps will increase collaboration, help create more productive workflows, and will tap into the power of the cloud for AI features and heavy computation. Web apps offer virality and infinite possibilities for product-led growth, and are finally powerful enough for sophisticated apps like Photoshop. But the full potential of these apps is constrained by the browser, a general purpose and increasingly outdated piece of software.

    Thus, a new generation of specialized browsers will emerge. 

    Browsers will be reimagined for collaboration and higher performance web apps — like Arc from The Browser Company. Some browsers, like one being developed by Triangle Labs, will specialize in decentralized applications with less friction and far more security and confidence. As the ultimate interface on top of the web, browsers will begin to compete with the apps themselves. And the growing ecosystem of third-party plug-ins will compete directly with the next generation of these purpose-built browsers.

    2. Generative AI will have unexpected implications for content marketing, education, and the war to control the interface

    AI will commoditize decades of content marketing and SEO tactics, and usher in a new era of brand and influencer marketing. 

    Content marketing: 

    With models like ChatGPT driving the cost and time required to write effective SEO content down to zero, every brand will “flood the zone” of search engines, completely commoditizing content marketing.

    Education: 

    ChatGPT has done to writing what the calculator did to arithmetic. You can now ask AI to write an essay on dinosaurs in the style of a 6th grader… or a 9th grader. After a few seconds, you’ll get an entirely original output every time.

    Education curriculum’s should focus on things humans must do as opposed to things computers can now do for us. While most writing — from content marketing to product specs — will be assisted by AI going forward, crafting presentations and oral rhetoric using counterintuitive arguments and creativity will be skills that bring a premium. Education curriculums must adjust accordingly. Math should be taught in Excel or Airtable, and writing should be taught alongside the art of prompt engineering.

    The war for interface:  

    Leading knowledge and workflow management products will pivot to launch their own interface for queries. 

    In just the last few months, some of the internet’s greatest repositories of content like Quora, Notion, GitHub, Stack Overflow, and other legendary sources of user-generated content have announced their own AI-powered chat experiences.

    This all leads to the uncomfortable realization that, in the age of AI, if you don’t own the query interface, you’re just assembling training data for those who do. We know “interface layers” commoditize the technology underneath, but I didn’t realize interface layers would also commoditize content. Today, AI is the ultimate interface layer, as it not only disrupts underlying services, data, and content, but also synthesizes and presents it all in transformative ways.

     AI-powered, in-product assistants will make a major comeback (Microsoft’s infamous “Clippy” was just ahead of its time!). Q&A interfaces on top of AI are the biggest threat to Google and other information sources that monetize via traffic.

    3. A highly personalized AI-powered medical assistant will complement (and eventually replace) our General Practitioner

    If you ask ChatGPT about a medical condition, you get a comprehensive, often bullet-pointed answer that rivals anything you could construct from dozens of Google searches. 

    Now, imagine if a more health-specific AI model were personalized for you, with a private database of every health result, every trend from your Whoop band or Apple Watch, your family health history, and every ailment you’ve ever had. Conversing with such a deeply informed resource would be 10 times better than our first line of defense today (Google) and could connect dots far better than we do on our own. 

    I anticipate that the first line of healthcare will increasingly be AI-based, and we’ll start seeing this in the next 24 months.

    4. Social media will evolve to offer “supercuts” of our lives 

    Much like Netflix, we’ll tune in to see the supercut of our lives presented as short and highly engaging AI-edited daily or weekly episodes. The vanity metric and competitive component of this new era of social apps will simply be your contributions “making the cut” among all of the stuff you and your friends record throughout the day. 

    The AI editor/curator will decide what everyone in your group will find interesting (measured by previous allocations of attention) to determine what content makes the final cut. One team exploring this space is Studio, a “group camcorder” taking off amongst teenagers. More generally across the next generation of social apps, the traditional social graph will continue to become less relevant as TikTok-like AI-powered algorithmic feeds determine what we see based on what we like. However, I am on the lookout for hybrid solutions that leverage both social graphs alongside AI-powered editing and curation.

    5. New tools and AI capabilities will make us all more expressive and creatively confident

    We are more creatively confident in kindergarten than we are as adults. Our confidence deteriorates as we become discouraged by comparing ourselves to others and the difficulty of learning how to use creative tools.

    But now free web-based tools with templates have helped us conquer the fear of the blank screen. Plus, powerful generative artificial intelligence enables anyone to express themselves creatively without a notoriously steep learning curve.

    As a result, the value of creative work will shift from outcomes to process and ingenuity. The original idea, the judgment, the innovations in process, and the story become more important than ever. 

    Compensation models will shift from time-based to value-based. Do creative people get paid for their judgment and ideas, or their time? Historically, time has been the easiest measure of work and the most popular factor for charging for work completed. But, in an era in which much of our mundane and repetitive work is accomplished by AI-powered assistants, the time required for creative work has materially reduced.

    So, how do creators  start charging for value added, as opposed to time spent? Perhaps there will be some mutually agreed upon pricing model that takes experience into account? Perhaps more creative teams will get compensated based on the performance of their work?

    One of the most exciting and under-discussed opportunities is new compensation models for creators to monetize the use of their style or likeness to generate original art or music. Compensation is ripe for re-imagination in the era of AI.

    6. Content creators will own their audience and some will become “platform-less”  

    Content creators with mass audiences are seeking novel ways to own the relationship. 

    Remarkable minds like Sahil Bloom, who shares curiosity and lessons learned in viral social threads, or Becky Kennedy, who (alongside my wife Erica) created Good Inside as an indispensable resource for parenting with over 1.6 million followers on Instagram, are increasingly unwilling to rely on a single platform. I have watched Sahil build a fast-growing Substack that has become a business in itself. And the Good Inside founders have launched a subscription-based community that is off to a wildly successful start. In both cases, these subscriptions go way beyond lead generation; they are alternatives (or complements) to books and social profiles.

    As social platforms get insecure about losing their creator’s content, they will respond in ways that spawn the era of “platform-less creators.” 

    We’ve seen Twitter’s short-lived policy outlawing links to competing platforms, but they will surely continue to down rank tweets with outbound links. These behaviors to keep people onsite are anti-Creator. 

    My friend Li Jin wrote a great playbook for this new world in which creators can leverage new tech to own their audiences. Ultimately, I believe all creators-turned-businesses will own their audiences through newsletters and personalized, subscription-based communities.

    Flawed censorship and moderation policies will cause operators of social platforms to act more as stewards than owners. 

    Social platforms have been struggling more lately with the lines of censorship, policy, and active policing of content. The problem here is that the management teams of these social platforms are acting as owners (decide right and wrong) vs. stewards (we are here to serve the community, we will engage you in decisions, seek not to pass judgment, and strive for transparency whenever possible). 

    One lesson learned building Behance to a community of 35 miilion highly opinionated creative people: you don’t own a network, you are the steward of a network.

    7. We won’t be able to trust our senses thanks to AI advancements 

    Some of you may have seen this uncanny deep fake of Morgan Freeman circling the internet. Clearly, we can no longer rely on our senses to determine truth. 

    If you’ve been playing with any of the latest AI-powered video and editing features, you’ve likely realized: we’re entering an age where we can no longer believe our eyes. The same tools that speed up workflows and empower creative professionals to create wondrous media are becoming easier to use and more powerful. We’re just years away from anyone being able to render a conversation with the unmistakable voice and likeness of somebody else without their permission. Our human senses and judgment will be hackable by anyone.

    “Verify, then trust” is the new “trust, but verify.” 

    It’s an era of both wondrous creativity and new genres of risk. We must be imaginative not just about what can go right, but also about what can go wrong. Humans must develop new instincts to verify before we trust and become less prone to manipulation. We must usher in an era of attribution, where content shows WHO made it and HOW it was made (and unsigned content is assumed to be fake or AI-made). When humans see anonymous content without any verifiable “content credentials” about its origins (from open source efforts like the Content Authenticity Initiative), we must stop believing it by default.

    At Adobe, we are full steam ahead embracing this open source solution to enable creators to add content credentials but we need more engagement from both the content creation and social platforms of the world.

    8. Hyper-personalized experiences will enable an immersive era that is tailored to you.

    As people gain creative confidence, culture will change as fashion and life design (your furniture, wallpaper, etc.) becomes hyper-personalized. 

    Today, the designs in your life are created by small teams and generalized for the masses. The clothes you wear, the media you consume, the digital dashboard in your car, the items in your home — they are all made by a few and generalized for as many as possible. But with widespread creative confidence will come a desire to culturally flex yourself through personalization. I anticipate a world in which you customize your shoes or clothing before checking out.

    I anticipate that our experiences in cars will be personalized by us using templates for the dashboard design and customization kits for interiors. And when we start wearing AR glasses around, every person’s world will look remarkably different, by design, just because we can!

    And new technology will emerge that enables user personalization without compromising user privacy. Yes, sounds like a total contradiction, but I am aware of one early-stage team assembling around this opportunity without creative solutions, the great “opt out” of data. 

    9. Companies will perform rapid resets to focus, economize, and build resiliency

    Current market conditions shift companies from the “carbs era” to the “muscle era” of building great organizations. Coming off a decade of excess, in which the easiest way to acquire customers and scale organizations was to throw more money and people at the problem, the world is left with countless bloated organizations, redundant teams, and extraneous processes. But today’s economic woes are a much-needed forcing function. We’re entering the “muscle era,” where we must solve problems by changing how we work and building a more resilient and capable team. Resourcefulness outperforms resources.

    We can look at Twitter as a case-study for rapid resets. 

    What happens when you remove multiple levels of managers and bring everyone doing the work closer together? Do you regain the agility of startups? Do you instantly shed years of “organizational debt” that restrains a product’s potential? I suspect we’ll see more bold resets of companies around the world, reimagined for a world in which most functions can be automated. 

    Scott actively invests based on these observations, and is an investor in The Browser Company, Circle, Triangle Labs, Airtable, Notion, Whoop, and Studio. 

    Scott Belsky is an entrepreneur (Behance, 99U), executive (Adobe), author (The Messy Middle and Making Ideas Happen), an early-stage investor, and is an all-around product obsessive. Continue the conversation and find Scott on Twitter, check out other recent posts, or sign up for “Implications,” a newsletter about the unexpected implications of new products, design, and technology.



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  • Chief Justice Compares Supreme Court’s Year to Brown V Board Aftermath

    Chief Justice Compares Supreme Court’s Year to Brown V Board Aftermath

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    • Chief Justice John Roberts dedicated his 2022 year-end report to calling out threats against judges. 
    • He said that the courts cannot do their job if they do not feel safe. 
    • This comes after a tumultuous year for the court after it overturned Roe v. Wade this summer. 

    In his annual year-end report, Chief Justice John Roberts said that the threats of violence that judges faced in the aftermath of Brown vs. Board of Education should be a lesson in the “importance of rule by law instead of by mob.” 

    This comes amid threats of violence to Supreme Court justices throughout the year, including a threat to Justice Brett Kavanaugh, and public dismay over several decisions made by the courts.

    It also comes as many Americans are reeling from the aftermath of one of those decisions, Dobbs v. Jackson, which overturned Roe v. Wade, a 1973 ruling that protected the right to abortion for half a century. The ripple effects included a 10-year-old girl having to go out of state for an abortion after she was denied one in her home state, and for women seeking life-saving medical care in the case of ectopic pregnancies. 

    Most of Robert’s written statement in the report this year recounted the 1957 case in which the Supreme Court overturned Plessy v. Ferguson — a case enshrining states’ rights to implement segregation based on race — and desegregated schools.

    Robert Davies — an Arkansas Judge who ruled against the Governor of Arkansas’s decision to order the Arkansas National Guard to block the entry of nine Black children into a Little Rock school — faced threats of physical violence, according to Roberts, but there were many people that stood by him. 

    “The law requires every judge to swear an oath to perform his or her work without fear or favor, but we must support judges by ensuring their safety,” he said in the report. “A judicial system cannot and should not live in fear.” 

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