Bloomberg Opinion Profile picture
May 8, 2021 11 tweets 6 min read Read on X
Elon Musk opined on a podcast last year that “too many smart people go into finance and law.”

But there’s some good news: For the young graduates going after a career in tech, there’s never been a better time in terms of the potential monetary reward trib.al/fY8tFiQ
Joining a young startup could be a ticket to the next:

❄️Snowflake
🎮Roblox
🏡Airbnb

There’s also a chance to realize that time-honored tech industry cliche: changing the world for the better trib.al/fY8tFiQ
We’ve been able to stay safe and (relatively) sane during the pandemic, thanks to tech companies providing:

📦E-commerce and food-delivery apps
💻Videoconferencing tools
🎮Streaming services and video games trib.al/fY8tFiQ
Most importantly, the rapid development of effective Covid-19 vaccines using new technology like mRNA saved lives and put us on the path to recovery.

All that’s laid the foundation for further progress trib.al/fY8tFiQ
The focus on building digital services to cope with Covid-19 has led to significant advances in key technologies such as:

☁️Cloud computing
🤖Artificial intelligence
📱Semiconductors

That will enable the next wave of innovation trib.al/fY8tFiQ
Investors are stepping up as well: Nearly $73 billion was invested in growth-stage North American startups during the March quarter, double the prior year.

There may never have been an easier or more fortuitous time to start a new technology company trib.al/fY8tFiQ
The tech industry is also going after thorny problems.

With its $20 billion purchase of Nuance, Microsoft is looking to apply the voice-recognition pioneer’s early success in using AI to unburden doctors from administrative paperwork to other industries trib.al/fY8tFiQ
Fortnite maker Epic Games raised $1 billion to help bring about something straight out of science fiction novels.

The funds will go toward its goal of building the “Metaverse,” where people can play and socialize with one another in virtual worlds trib.al/fY8tFiQ
Meanwhile, Apple said it plans to spend tens of billions of dollars on the development of advanced semiconductors and 5G wireless technologies over the next five years trib.al/fY8tFiQ
Technological progress can have downsides. There have been ethical hurdles with:

👤The use of facial recognition against minority groups
📢Algorithms that amplify polarizing content

Not all companies will succeed in their lofty aspirations, either trib.al/fY8tFiQ
But @firstadopter is optimistic there will be breakthroughs that benefit society.

With the increasing inflow of talent and large amounts of capital going after such exciting ideas, we may be on the brink of a golden age for innovation trib.al/fY8tFiQ

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More from @opinion

Apr 2
Could Trump’s tariffs raise $700 billion a year?

We did the math 🧵 Image
$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.

Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s Image
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now Image
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Mar 18
Today, Meta is starting to roll out its own version of @X’s @CommunityNotes for Instagram, Threads and Facebook.

Will it work? Analysis of 1.1 million examples of the crowdsourced fact-checking system show it’s not stopping the spread of misinformation.

Look at the data 🧵
One of Community Notes’ main achievements is its speed in addressing misinformation. The chart below shows that it is getting faster 📈

But even with these improvements, notes typically appear after a post’s most viral stage of diffusion (after the damage is already done) Image
It’s unclear how much misinformation is on X — if it could be counted, it could be deleted.

But from X’s data, you can see that most misleading posts go unaddressed: Image
Read 10 tweets
Mar 17, 2023
📉 VCs causing the downfall of SVB
💰 Credit Suisse’s pricey lifeline
🚐 RVs predicting the future

🧵 Catch up on the week in news with @ALampietti’s round up of our must-see videos
If venture capitalists had stayed calm, would #SVB be OK today?

🎥 @kylascan has all the answers
What’s next for Credit Suisse? 🇨🇭

@PaulJDavies explains bloomberg.com/opinion/articl…
Read 6 tweets
Mar 15, 2023
Credit Suisse is in crisis.

What went wrong? So, so much.

🧵 Let’s take a look
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.

So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I Image
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8 Image
Read 10 tweets
Mar 2, 2023
If health is wealth, America is dirt-poor.

The health-care crisis in the US isn’t just a tragedy for individuals. It makes it harder for the country to be productive and secure.

🧵 Let’s look at the data
The most vivid sign of the health crisis is falling life expectancy, says @adwooldridge bloomberg.com/opinion/articl…
There’s perhaps no greater metaphor for this crisis than the unhealthy discourse around Ozempic, writes @JKarl26.

A culture built on dieting is not a proper remedy for what ails us bloomberg.com/opinion/articl…
Read 8 tweets
Feb 28, 2023
📊 3 charts you need to see 📊

💰 Elon Musk is back on top
🇨🇳 Don’t panic over China’s “farm invasion”
⚡️ Putin’s invasion of Ukraine has dramatically redrawn the world’s energy map

Subscribe to Bloomberg Opinion Today for more trib.al/BNqIxPf
💰 Elon Musk is the world’s richest person again.

The billionaire has turned Tesla’s failing into winning bloomberg.com/opinion/articl…
🇨🇳 No need to panic over a “farm invasion”.

China doesn’t own nearly enough land to cause a food crisis bloomberg.com/opinion/articl…
Read 4 tweets

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