Don’t ever forget where you came from, but always be looking where you’re going.
Micky Malka (Capital Herder and Team Finder) on a recent conversation with Patrick O’Schaughnessy on Invest Like the Best podcast.
philosophy
On AI Agentic Workflows
Amazing conversation with Bret Taylor on agentic workflows leveraging AI in the enterprises. The whole conversation is worth listening to multiple times, but this specific segment where Bret speaks about the difference between traditional software engineering and AI driven solutions was thought provoking on how much change management organizations have to go through to adopt to these new solutions.
Now if you have parts of your system that are built on large language models, those parts are really different than most of the software that we’ve built on in the past. Number one is they’re relatively slow compared — to generate a page view on a website takes nanoseconds at this point, might be slightly exaggerating, down to milliseconds, even with the fastest models, it’s quite slow in the way tokens are emitted.
Number two is it can be relatively expensive. And again, it really varies based on the number of parameters in the model. But again, the marginal cost of that page view is almost zero at this point. You don’t think about it. Your cost as a software platform is almost exclusively in your head count. With AI, you can see the margin pressure that a lot of companies face, particularly of their training models or even doing inference with high-parameter-count models.
Number three is they’re nondeterministic fundamentally, and you can tune certain models to more reliably have the same output for the same input. But by and large, it’s hard to reproduce behaviors on these systems. What gives them creativity also leads to non-determinism.
And so this combination of it, we’ve gone from cheap, deterministic, reliable systems to relatively slow, relatively expensive but very creative systems. And I think it violates a lot of the conventions that software engineers think about — have grown to think about when producing software, and it becomes almost a statistical problem rather than just a methodological problem.
AI & Humans
AI will not replace humans but humans who use AI will replace humans that don’t – Dr. Fei-Fei Li
Overheard : On brilliance
Avoiding Stupidity is Easier than Seeking Brilliance
– Shane Parrish rewording Charlie Munger
Overheard : On wisdom
Wisdom is turning your future hindsight into your current foresight
– Shane Parrish
Overheard : On action and feeling
The way we act determines how we feel way more often than the way we feel determines how we act.
Seth Godin, in a chat with Tim Ferriss
Overheard : On cutting down “stuff”
We’re good as humans to committing to things that are positive. That’s very motivating for us. We’re bad at trying to avoid things that are negative
– Cal Newport in conversation with Tim Ferriss
Cal was speaking about how we are good at adding things that seem good to to us (facebook is good because we can communicate on the fly), but bad at avoiding negative things (being on facebook and doom scrolling is a bad thing). He instead suggests, just using technology for things you like (I will have facebook, but only follow and read messages from folks I want to).
Overheard : Tradeoffs
Everything that you take on is implicitly something that you’re not taking on
– Francis Davidson (CEO of Sonder) in conversation with Patrick O’Shaughnessy
Speaking about tradeoffs that organizations and individuals make when prioritizing work.
Overheard : Empathy
LibertyRPF on Empathy during a conversation with Jim O’Shaughnessy on his Infinite Loops podcast
Don’t just treat others how you would like to be treated. Take the extra step and figure out how they would like to treated and treat them like that.