In 2012 Intel, TSMC, and Samsung all invested in ASML to help the company finish the EUV project that had started 11 years earlier: there were very real questions about whether or not ASML would ever ship, or die trying, while it was clear that immersion lithography was reaching the limits of what was possible. Microsoft has been pushing this new branding for years, after renaming Office 365 subscriptions to Microsoft 365two years ago, but the changes go far deeper now. It didnt make any sense, at least if you thought about the stock as representing a company. I personally find Sinocism essential, but what I have always hoped for were more of Bishops opinions on the news: Im excited that Sharp China will give him room for just that. Slack may have infused its chat client with love, but chatting is a means to an end, and Microsoft often seems like the only enterprise company that understands that. Teams, which started development in 2015, a year after Nadellas announcement, wouldnt simply be a chat app: it would be the new hub around which Office orbited. Technology's news site of record. Optimism developers launched Magic Mirror, an application that lets NFT holders mirror their NFTs to the Ethereum mainnet. This image, like the first two in this Article, was created by AI (Midjourney, specifically). Devices are but mere conduits to the cloud, which means that Microsoft is well-placed to navigate this new paradigm if it becomes a major platform and to not miss a beat if it is not.1 In other words, to say that Microsoft has come full circle may be selling Nadellas transformation short: the all-encompassing dominant Microsoft of old may be back, but in a version that is even stronger and more resilient than before. Discovery and the NBA, The Zaslav Doctrine, The AI Moat Debate, Continued; Twitters Regulatory Risks; Twitter and Advertisers, Continued, Musk tweets were the most likely place to encounter bots on the service, it is why Twitter will never be replicated, my interview with MidJourney founder and CEO David Holz, Stratechery Plus Adds Sharp China with Sinocisms Bill Bishop, an expectation of how much revenue could be generated, when return-on-advertising spend (ROAS)-focused advertisers bought up inventory abandoned by brands, admitted that ATT would reduce their revenue by $10 billion a year, Apple retreat from its most extreme positions, John Carmacks critique of Metas approach, explained in an interview with the Computer History Museum, an organizations greatest asset right up until it becomes a curse, Brookings Institutions description of the process, who foolishly canceled their chip orders when the pandemic hit, took out an ad in the New York Times welcoming Microsoft to the space, an interview with Meta CEO Mark Zuckerberg and Microsoft CEO Satya Nadella, this August Update about Horizon Workrooms, Microsoft was the best placed to succeed with virtual reality, DALL-E, the Metaverse, and Zero Marginal Cost Content, effectively competing with the New York Times, may be the apotheosis of AI-generated content, the iPhone X was priced at $300 more than the iPhone 8. A high-powered laser blasts each droplet twice. See, that was the turning point: I was really impressed, and that makes this Article much harder to write. You can get Dithering for Apple Podcasts, Overcast, or the podcast player of your choice by logging in at the Dithering website. Teams (and Outlook) development leader Brian MacDonald said at a press event in 2019: One of the really key things and drivers of what we wanted to do with Teams was have that be a hub for Office 365. Specifically, in terms of aggregate time spent on Instagram and Facebook, both are up year-over-year in both the U.S. and globally. It is also not a surprise: centralized companies deliver a better user experience, which encompasses everything from UI to security to at least knocking down the value of your stolen assets on your behalf; a better user experience leads to more users, which increases power over supply, further enhancing the user experience, in the virtuous cycle described byAggregation Theory. mine Ether. What was striking about Nvidias GTC keynote last week was the extent to which this allegory seems to fit Nvidias ambitions: the company is setting off on what appears to be a fairly solitary journey to define the future of gaming, and its not clear when or if the rest of the industry will come along. It is frustrating to not know exactly how big that new pie is, or what Metas share is relative to TikTok, but the company offered more evidence in line with my takeaway last quarter that Meta has contained the TikTok threat. In the interview last spring I asked Huang if Nvidia would ever build a cloud service; If we ever do services, we will run it all over the world on the GPUs that are in everybodys clouds, in addition to building something ourselves, if we have to. Of the three Articles I listed, this one seems to be the most correct, and I think the reason is obvious: that was the only Article written about an actual product OpenSea while the other ones were about theory and narrative. Heres the problem, though: all of that dedicated hardware comes at a cost. In this article we'll cover the best art easels to help with your art. Second, once these AI data centers are built out the cost to maintain and upgrade them should be significantly less than the initial cost of building them the first time. For example, when I think about the Metaverse, the first thing I think about is its not going to be born in isolation from everything else thats in our lives, which is youre going to have a Mac or a Windows PC, youre going to have an iOS or an Android phone, and maybe youll have a headset. But notice the word that is missing: Office. Its not just ASML, though: that mirror is made by Zeiss, and the laser is made by TRUMPF using carbon dioxide sources pioneered by Access Laser (a U.S. company later acquired by TRUMPF). What ATT did not do, though, was kill digital advertising. There is an easy to way to write this Article, and a hard way. Moreover, the company is pursuing a similarly audacious strategy in the data center and with its metaverse ambitions as well: in all three cases the company is pursuing heights even greater than those achieved over the last two years, but the path is surprisingly uncertain. Bernard Alexander, an executive at Animal Concerts the firm that helped onboard celebrities like Snoop Dogg and Billy Ray Cyrus to Web3 through NFTs spoke with Cointelegraph about the struggles of helping artists get into Web3. Microsoft 365 includes Teams plus the apps you always relied on Word, Excel, Powerpoint, and Outlook as well as new applications for creation and expression like Loop, Clipchamp, Stream, and Designer, and its all built on the Microsoft graph, which makes available to you the information about people, their relationships, all their work artifacts, meetings, events, documents, in one interconnected system. Tell your brands story while maximizing leads, with custom designed solutions that will out-perform your competition! It all comes down to how we can help you do this with the Microsoft cloud. An even bigger surprise was the release of Stable Diffusion, which is not only free, but also open source and the resultant models can be run on your own computer. Lens 3 was Facebooks advertising infrastructure, which I argued was very underrated, and which would provide a platform for dramatically scaling Instagram monetization in particular. Peter Thiel said in a 2018 debate with Reid Hoffman: One axis that I am struck by is the centralization versus decentralization axisfor example, two of the areas of tech that people are very excited about in Silicon Valley today are crypto on the one hand and AI on the other. This is probably the point where my statement in the beginning, that all of these myths have a bit of truth to them that makes them believable, is the most important: a good chunk of Metas drawdown is justified, and the reason is Apples App Tracking Transparency (ATT) policy. The Inner Triangle group coaching mastermind program will provide you with actionable tips to fuel your growth & creative mind and is for graphic designers & creatives. As much as newspapers may rue the Internet, their own business model and my paper delivery job were based on an invention that I believe is the only rival for the Internets ultimate impact: the printing press. It specifies that it can be either a business model or a distribution channel, depending on its strategy. Chinas share of >45 nanometer chips was 23% in 2019, and probably over 35% today; its share of 28-45 nanometer chips was 19% in 2019 and is probably approaching 30% today. Customers can save more than 60% compared to a patchwork of solutions. Sharp Tech includes both free and paid episodes. Rather, they are facilitating a transaction between a content creator and a consumer, and taking a 30% tax. Then press 'Enter' or Click 'Search', you'll see search results as red mini-pins or red dots where mini-pins show the top search results for you.. This weekend the easy way seemed within reach: I watched Metas Connect Keynote (I had early access in order to prepare for an interview with Meta CEO Mark Zuckerberg and Microsoft CEO Satya Nadella) and was, like apparently much of the Internet, extremely underwhelmed. China has unlimited money and infinite motivation to figure this out. First, a game determines what you actually see (i.e. Here the Celestial City is a world of 3D experiences used across industry and entertainment an Omniverse of metaverses, if you will, all connected to Nvidias cloud and its ambitious enough to make Mark Zuckerberg blush! At the same time, globalization also meant that China could buy high-precision capital-intensive goods abroad: it didnt need to build them itself to get the benefits immediately. Zuckerberg admitted the risks but argued the benefits outweighed them: I think the pros of the partnership way outweigh the risks. OpenSea launches on-chain tool to enforce NFT royalties, Bored Apes founders propose new model for NFT creator royalties, Uniswap's new privacy policy sees backlash from decentralization buffs, Genesis denies 'imminent' plans to file for bankruptcy, FTX crisis leads to record inflows into short-investment products, HashFlare founders arrested in 'astounding' $575M crypto fraud scheme, On the move: FTX hacker splits nearly $200M in ETH across 12 wallets. Apple, though, by de-emphasizing unit sales and focusing on the installed base, is making clear that the number that matters is average revenue per installed device; in other words, to the extent a company is what it measures or at least reports Apple is now a services company for real. What happened is exactly what Christensen would describe several years later: TSMC created the market by enabl[ing] independent, nonintegrated organizations to sell, buy, and assemble components and subsystems. Specifically, Chang made it possible for chip designers to start their own companies: When I was at TI and General Instrument, I saw a lot of IC [Integrated Circuit] designers wanting to leave and set up their own business, but the only thing, or the biggest thing that stopped them from leaving those companies was that they couldnt raise enough money to form their own company. We try to be very selective about the things that we do, were quite determined not to do things that other people do. For now, I am delighted to be doing my part to make Stratechery more valuable than ever. This is the course that all of the biggest companies will likely follow: they dont need an Nvidia system, they need a chip that works in their system for their needs. Now, however, there was one problem with the pure-play foundry model and it could be a fatal problem which was, Wheres the market?. The only possible strength that Taiwan had, and even that was a potential one, not an obvious one, was semiconductor manufacturing, wafer manufacturing. This, I would admit, was also a conclusion I was particularly susceptible to, given my focus on Aggregation Theory and its description of how the Internet, contrary to initial assumptions, leads to centralization. Those chips are only starting mass production this fall the same time period when TSMC is shipping new 3 nanometer chips. We would find out later that the iPhone 5C was a bit of a one-off: the iPhone 5 with its chamfered edges was simply too expensive to make (and the edges chipped horribly), making it unsuitable for Apples our cheaper phones are our older phones with a lower price strategy; Apple would one day come out with the iPhone SE to address the lower end, but the real expansion came when the iPhone X was priced at $300 more than the iPhone 8 up-market, not down. The royalty enforcement tool only applies to new NFT collections at this stage, with a decision to be made on existing collections at a later date. Intels partner in the lithography space the use of light to draw transistors on wafers was Nikon, and Nikons approach to 300-millimeter wafers was to scale up its 200-millimeter process. Indeed, this is the missing piece from that Update I wrote about Apples changing metrics. Develop a brand strategy to ensure the visuals, messaging, and user experience will work in unison. Now, in the era of LLMs, researchers tend to dump whole mountains of barely filtered, mostly unedited scrapes of the Internet into the eager maw of a hungry model. The problem with bots is self-explanatory, while those who actually need blue checks brands, celebrities, and reliable news breakers likely care about about them the least; the rest of us were happy to get our checkmark despite the fact there was no real risk of anyone impersonating us in any damaging way just because it made us feel special (speaking for myself anyway: I dont much care about it now, but I was pretty delighted when I got it back in 2014 or so). Some number of those employees will be interested in using virtual reality for non-work activities as well, increasing the market for non-work applications. Our goal is to provide you with the most comprehensive end-to-end data platforms so you dont have to wrestle with the complexities of building and operating cloud scale data infrastructure yourself. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. It seems obvious that removing the substantiation bottleneck from ideas will result in more good ones as well (along with, by definition, an even greater increase in not so good ones). Stating that Zuckerberg got it wrong would provide comfortable distance from not just an interview subject but also a company that I have defended in its ongoing dispute with Apple over privacy and advertising. The problem with this line of reasoning is that Metas capital expenditures are directly focused on both of the two main reasons for alarm: TikTok and ATT. I want to continue our collaboration with Jacob., Jacob isnt just anincredible brand designer and strategist, hes a great partner. I dont have much of a company, but I did buy Quest 2s for the Passport team, and we held one meeting a week in Workrooms. After hearing feedback from the community, NFT marketplace OpenSea announced that going forward, it will continue enforcing royalties across all collections within the platform. This goes back to my fifth lens: Facebook does connect people, and that connection is still meaningful enough for a whole lot of people to continue to use its services, and there is no sign of that desire for connection disappearing or shifting to other apps. There are a few different ways to interpret Sam Bankman-Frieds political activism:2. Meta expects to spend $32-$33 billion in capital expenditures in 2022, and $34-$39 billion in 2023; that wont hit the income statement right way (capital expenditures show up as depreciation in cost of revenue), but that just means that longer-term profitability may be increasingly impaired. Second, Reels usage is still growing: Zuckerberg said on the earnings call: Our AI discovery engine is playing an increasingly important role across our products especially as advances enable us to recommend more interesting content from across our networks in feeds that used to be primarily driven just by the people and accounts you follow. They are, it seems to me, right to worry: I opened this Article discussing the demise of newspapers which, once the connection between duplication and distribution was severed, quickly saw their business models fall apart. But then came this summers unveiling of the aforementioned Midjourney, which is free to anyone via its Discord bot. WebA.I. Huang once saw that 3D accelerators would be commoditized and took a leap with shaders; one gets the sense he has the same fear with chips and is thus leaping into systems. However, if theres something that makes sense for us to do and it doesnt make for them to do, we even approach them to do it, other people dont want to do it then we might decide to do it. This is so critical, and it all comes alive in the new Microsoft 365 application. The sense of place and presence was that compelling. Gamers were immediately up-in-arms after Nvidias keynote because of the 4000-series high prices, particularly when the fine print on Nvidias website revealed that one of the tier-two chips Nvidia announced was much more akin to a rebranded tier-3 chip, with the suspicion being that Nvidia was playing marketing games to obscure a major price increase. The tool also wont be rolled out for existing NFT collections for the moment due to implementation challenges. Building a cloud for a world that doesnt yet exist is to reach for heights still out of sight. This is, in a weird way, a relief: it has been disconcerting for people who think of Apple as a product company to see the company fight so fiercely for its App Store model, and to see the way it is willing to approach if not cross the line of anticompetitive behavior when it comes to App Tracking Transparency and its clear ambitions in the advertising space. Find the community best for your goals. After announcing an eight-figure exposure to FTX exchange, Deepak.eth, the pseudonymous founder of blockchain infrastructure firm Chain, has tweeted that they are selling their NFT collection either to the highest bidder or through a fractional decentralized autonomous organization (DAO) for 80% ownership. Such disclaimers do, though, have a whiff of communism just hasnt been done properly: I already made the case that centralization is an inevitability at scale, and in terms of utility, thats the entire problem. Because at that time, it was thought that every company needed manufacturing, needed wafer manufacturing, and that was the most capital intensive part of a semiconductor company, of an IC company. The first shapes the tiny tin, so the second can vaporize it into plasma. That was why this Article was going to be easy: writing that Metas metaverse wasnt very compelling would slot right in to most peoples mental models, prompting likes and retweets instead of skeptical emails; arguing that Meta should focus on its core business would appeal to shareholders concerned about the money and attention devoted to a vision they feared was unrealistic. Sharing your item directly to OpenSea means your item is more likely to get better exposure as a part of the Mediamodifier collection. Today, were going to talk about accelerated computing across the stack. Discover what the JUST Creative experience can do for you. I do think though that there is this alignment that we talked about before between the things that we primarily care about, which are the aspects of the platform around expression. This of course includes Reels, which continues to grow quickly across our apps both in production and consumption. I wrote earlier this fall in The AI Unbundling: This, by extension, hints at an even more surprising takeaway: the widespread assumption including by yours truly that AI is fundamentally centralizing may be mistaken. We are carefully evaluating the return we achieve from these investments, which will inform the scale of our AI investment beyond 2023. Myspace is, believe it or not, still around; however, it has been irrelevant for so long that I needed to look it up to remember if the name used camel case or not (it doesnt). punjabi store near me I didnt do it because it would be easy. Community members criticized the marketplace for having unclear messaging, urging the platform to clarify its stance on creator fees. Third, this massive investment is one no other company can make, except for Google (and, not coincidentally, Googles capital expenditures are set to rise as well). []The ray-traced shadows are softer and more realistic compared with the harsher rasterized versions. The code will also restrict NFT sales to only marketplaces that enforce creator fees. A team of more than 250 members with dedicated blockchain developers and analysts for each project. Theres been a lot of discussion over the past few months about business models for NFT creators & whether creator fees (royalties) are viable. Back on Nov. 7, the NFT platform launched a tool to allow creators to enforce royalties on new collections. the Cold War is a complete separation of trade and technology. Industry Finance > Other Finance. In Huangs view, simply having fast chips is no longer enough for the workloads of the future: that is why Nvidia is building out entire data centers using all of its own equipment. Here too AI models will be the key, and the equipment to build those models costs a lot of money. According to Finzer, this could include options such as continuing to enforce off-chain fees for some subsets of collections, allowing optional creator fees and collaborating on other on-chain enforcement options for creators. There is, as you might expect, a difference in quality; Dall-E, for example, had the most realistic newspaper delivery boy throwing a newspaper: Stable Diffusion was on the other end of the spectrum: The worse is easy to envision; Charlie Warzel issued a mea culpa for using an AI image as an illustration in a post about Alex Jones: I told Bors that what I felt worst about was how mindless my decision to use Midjourney ultimately had been. Contact a location near you for products or services. Meta is likely to be the catalyst for VR becoming a widely used technology but it is much more uncertain as to whether the company will capture sufficient value to justify its massive investment, thanks in part to its focus on social networking. Intel, by the way, is a customer for TSMCs 3nm process: the companys performance was falling too far behind AMD, which abandoned its own fabs in 2009 and has been riding TSMCs improvements (along with its own new designs) for the last five years. I illustrated these three truths in 2015s Popping the Publishing Bubble: Editorial and ads used to be a bundle; next, the Internet unbundled editorial and ads, and provided countless options for both; the final step was ads moving to platforms that gave direct access to users, leaving newspapers with massive reach and no way to monetize it. Newspapers liked to think that they made money because people relied on them for news, furnished by their fearless reporters and hard-working editors; not only did people pay newspapers directly, but advertisers were also delighted to pay for the privilege of having their products placed next to the journalists peerless prose. OpenSea. As Ive written innumerable times, services (horizontal) and hardware (vertical) companies have very different strategic priorities: the former ought to maximize their addressable market (by, say, making a cheaper iPhone), while the latter ought to maximize their differentiation. Certified Web 3.0 Professional (CW3P) - 101 Blockchains Global Foundries, the U.S.s other foundry, had the same model as Intel while it was the manufacturing arm of AMD; Global Foundries acquired trailing edge capacity with its acquisition of Chartered Semiconductor, but there is a reason why the U.S. >45 nanometer market share was only 9% in 2019 (and likely lower today), and 28-45 nanometer market share was a mere 6% (and again, likely lower today). What was interesting about his opening in yesterdays keynote, though, was that he has now moved up to a higher level of abstraction: devices. And, for my part, I should have noted that sooner. The investment amounts are interesting in retrospect: Intel, despite investing the most (and having contributed a big chunk of the underlying technology), was convinced it could stick with immersion lithography as it transitioned first to 10-nanometer and then 7-nanometer chips. It was the transition to todays 300-millimeter fabs in the early 2000s, though, that marked the rise of ASML. Many began to realize that data scale trumps most other priorities in the deep learning world; utilizing general methods that allow models to scale in tandem with the complexity of the data is a superior approach. The Internal Revenue Service has not specified any guidelines pertaining to margin trading, but we may deduce the likely approach based on prior guidelines. The announcement saw significant pushback from the community, urging OpenSea to clarify its stance, noting the messaging was unclear, while others took issue with its optional creator fee suggestion. I noted the big issues above: weight, battery life, and resolution. I explained the companys origin story in Chips and Geopolitics: A few years later, in 1987, Chang was invited home to Taiwan, and asked to put together a business plan for a new government initiative to create a semiconductor industry. First, there are the benefits to better targeting and better recommendations I just described, which should restart revenue growth. What I did write about was Technological Revolutions and the possibility that crypto was the birth of something new; why Aggregation Theory would apply to crypto not despite, but because, of its decentralization; and Internet 3.0 and the theory that political considerations would drive decentralization. That said, the country does have three big advantages: Money is not a panacea: you cant simply spend your way to faster chips, but instead must move down the learning curve on both the foundry and equipment level. 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