3/ PART 3 📺: On the speed+ magnitude of investment decision making —and of the resilience and adaptability...
...especially of kids.
4/ PART 4 📺: On how chips on shoulders put chips in pockets...how failure comes from a failure to imagine failure. And how we take for granted the abundance of tech around us.
1/ On Feb 21 I told my boss aka my wife @LTwolfe that I had my third conviction call not yet appreciated + to buy a basket
*In 2016 it was NVDA, pitched publicly at Invest For Kids in Chicago (80x+) when Lux portfolio company Zoox was using NVDA chips and I predicted the narrative would change from gaming consoles PS4/Xbox to simulation and AI…
3/ In the fall is 2024 I pitched SK Hynix, Micron, Samsung and we bought in our pa
Mostly because I had read a technical paper about LLMs and inference on device with local flash (again changing narrative from commodity memory players to coveted attach rates on HBM AND edge)
1/ New paper from @ylecun et al on alternative approach for AI to learn more biologically...
paper basically says AI is super smart but still can't learn like a toddler can...
the main critique
the main critique...
is that top models today dont learn once deployed.
and curating data + training pipelines + filtering out noise is all done by humans in loop instead of being an intrinsic skill of the AIs...
here's Claude explaining the paper simply
3/ not quite Kahneman style but they call it System A +B
System A = learning from observation
this is self-supervised learning like predicting next word or video frame. good at making representations but passive and struggles to understand cause + effect...