Things we are reading today - September 26th, 2023

Sam Altman is the 38-year-old CEO of OpenAI, an AI safety non-profit. He sat down with Buddhist monk Jack Kornfield to discuss how to build values like compassion into AI systems. Altman seeks to ensure AI is beneficial to humanity but acknowledges the risks, drawing comparisons to Robert Oppenheimer, who helped develop the atomic bomb. Altman’s ambitious vision and intellect have led many to feel uneasy about one person controlling how advanced AI is developed. He strives to establish international regulations for AI before it achieves human-level intelligence. However, some criticize OpenAI for not providing enough transparency in its research and failing to address concerns about bias in its systems. Altman’s family relationships, particularly with his sister Annie, provide a more personal lens into his life beyond AI.

A recent study from Azim Premji University found that the recent rise in women’s labor force participation in India has been led primarily by self-employment rather than paid employment. This increase in self-employment is likely driven more by economic distress than growth, as self-employed earnings were down 15% from pre-pandemic levels. While participation rates have risen for women to just under 33%, India still has one of the lowest rates globally and a wide gender pay gap remains. The report also noted that India’s economic growth has not effectively translated into job creation at the same rate as other developing countries. Unemployment, particularly among young graduates, remains high with rates over 40% for those under 25 recently graduating. This suggests graduates do eventually find work but it is unclear if these jobs match their skills and aspirations.

Elon Musk shared that X users are posting 100-200 million posts per day, significantly less than the 500 million daily tweets reported by Twitter in 2013. This suggests people are posting much less publicly on X than they did on Twitter. Only the top 25% of Twitter users produced 97% of tweets, so engagement has always relied on a small subset of heavy posters. With far fewer posts on X now, the platform depends even more on its most active users posting frequently to drive engagement. While X’s daily user hours continue to rise, fewer posts could make the engagement metric misleading. The lower posting activity also helps explain why X Premium has struggled and points to an opportunity for competitors.

Content-led product development is an approach where companies use content to validate new markets and product ideas before development begins. By creating educational articles and pages, teams can gauge audience interest in a topic and see what problems people are searching to solve. This content acts as the leanest MVP to get early feedback. If articles attract readers and traffic, it indicates there is potential for a product in that space. Parabol used this method by publishing how-to guides on meeting types they wanted to explore, like post-mortems. They were able to collect early users and see search volumes. This helped inform them what they should focus on building next. Content is also faster and cheaper to validate ideas than prototypes. It can also grow an audience in advance of a launch. This article highlights how Parabol leveraged content to inform strategic product decisions.

Renewable energy sources like wind and solar have declining costs per megawatt-hour generated. However, their value is less than suggested by these levelized costs since they do not always generate power when demand is highest. In contrast, the costs of sources like nuclear are mostly fixed upfront so they are cheapest when operating continuously to meet baseload demand. By not reliably meeting demand, renewables make nuclear more expensive to incorporate into the energy mix. Their actual cost is better captured by comparing levelized costs to the average market price received, which is often lower for renewables. According to the EIA, most renewables have a higher cost than the market price they receive. Offshore wind, in particular appears uncompetitive based on this metric. Additionally, the location of renewable generation often does not match demand locations due to grid limitations, further reducing their economic value.

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They built it because they can but know the limitations. And capitalism takes the control out of the creators hands on how to use it