There was only one man who could turn Intel around. This week, Intel fired him.

This is the story of Pat Gelsinger:

By 2021, Intel was fugged.

The company’s amazing lead in manufacturing was gone. They had fallen years behind TSMC.

(continued👇👇) AMD was stealing Intel’s market share in servers. And they had completely missed AI.

Enter Pat Gelsinger.

He had joined Intel when he was 18 years old. He remained at the company for 30 years, becoming its first CTO. He left in 2009 to become the CEO of VMWare.

Paramount, the famous movie company, is for sale.

Sony has offered $26 billion. Skydance’s offer: $2 billion.

Easy, right? Say yes to Sony and fugg Skydance.

But surprisingly, Paramount loves the Skydance offer.

(contd👇👇) In fact, they love it so much that Paramount started exclusive talks with Skydance for 30 days.

(Exclusive means in that 30 days, they can’t talk to Sony or anyone else)

Why?

Because if you want Paramount, you don’t need to buy the entire company.

How?

In July 2002, Google did something crazy:

They hired a 22 year old computer science student and made him the product manager for Gmail.

Gmail engineers were shocked.

Gmail was the most important new project at Google. Its target was 10M users.

(contd👇👇) And this guy, who was just out of college, would be the PM?

But they were overruled, because Google had a bigger problem:

Product managers.

Google couldn’t find good PMs.

Co-founder Larry Page rejected all the super-experienced PMs from Microsoft, McKinsey, etc.

No fees. No loans. Students will have to pay fees only when the school gets them a good placement.

Sounds amazing, right?

This was the pitch of an edtech coding startup in America called Lambda School.

(contd👇👇) The college system is broken. College takes the fees first and doesn’t care if you learn coding or not, if you get placed or not.

Lambda School fixed this problem.

The fees for a Lambda course was $20,000. But students didn’t have to pay at the start.

In 2006, Netflix offered one million dollars to anyone who beat their movie recommendation system.

This is the story of The Netflix Prize👇👇 In the year 2000, a small movie renting company called Netflix introduced a system to recommend movies to subscribers.

They called it: Cinematch.

Cinematch was very important to Netflix because better movie recommendations got subscribers to keep using Netflix.

In 2008, a TV series was launched, about a chemistry teacher who makes drugs.

It was called Breaking Bad.

The first season didn’t go well. It barely had a million viewers.

Same for 2nd, 3rd. season. The show was about to be cancelled.

(contd👇) But then they signed a deal with Netflix.

They put all 3 seasons on Netflix, just before the 4th season.

Then something happened.

Because when the 4th season came on TV, there were 2.9 million viewers.

And when the 5th season came out, there were 10.3 million viewers.

Google was trying to build ChatGPT in 2012.

More specifically, a team inside Google was trying to build an AI for Google Search so that when people typed a question in the search box, the AI would directly give the answer instead of showing ten blue links to the user.

(contd👇) To do this, the team was using a type of AI called RNN.

The problem with RNN? It looked at a sentence word by word.

By the time it got to the last word, it forgot the first one.

Basically, RNN kept forgetting the user’s question. Answering it was far away.

OpenAI has fired its founder and CEO Sam Altman, saying that he lied to the board. OpenAI did not inform Microsoft about the firing. OpenAI did not wait for the stock markets to close to announce. Here’s everything you need to know👇 What’s surprising is how Sam was fired. When companies want to fire a CEO, they do it in gentle language(”Sam wants to spend more time with his family”, “Sam is taking time to reflect”, etc). They never publicly accuse the CEO.

How ChatGPT works behind the scenes, explained in plain English👇👇 ChatGPT is an advanced version of GPT 3, an AI model that OpenAI released 2 years ago.

GPT 3 was awesome. It could predict the next word in a sequence very accurately. But its answers were not relevant to the user.

"ChatGPT will kill Google. Google missed the AI wave. RIP Google."

This point of view is wrong. Here's why👇👇 ChatGPT won't be able to kill Google Search because:

1. it isn't connected to the internet. ChatGPT doesn't know that Argentina won FIFA or Russia attacked Ukraine.

2. it often gives wrong answers

Aditya Birla Group already has big names like Louis Philippe, Van Heusen, Allen Solly and Peter England.

So why do they want to buy Bewakoof for 100 crores? Let's find out: Suppose I run a perfume brand. I manufacture perfumes in my factory and sell them on Amazon and Flipkart.

It’s a good business. I have taken it from 0 to 100 crores.

But scaling my brand from 100 to 1000 crores is proving difficult.

Elon Musk’s Twitter deal has crashed a massive $146 billion market🤯 Here’s how👇👇 Suppose I run a bank. One day, Elon Musk calls me. He wants to buy Twitter and he wants a $13B loan from me.

I think: The guy makes electric cars and sends rockets into space.

Twitter will be a cakewalk for him. Plus he’s the richest man.

Boat cancelled their 2000 crore IPO and instead raised 500 crore funding. Why?👇👇 Suppose I run a late-stage startup. My startup is happily burning money. I need funding.

I call investors and ask for funding. They want equity in return. But I don't have it.

I have given lots of equity to investors in the past funding rounds. Now I'm out of stock on equity.

Robinhood started as a stock trading company, but now it is tired of stock trading.

Why? Let's find out👇👇 After the gamestop mania, Robinhood learnt 2 important lessons:

1. Online brokerage is a good business

2. genz are good customers

Then 2022 happened, and Robinhood learnt 2 important lessons:

3. Online brokerage is not a good business

4. genz are not good customers

Last year, Byjus acquired Aakash for $1B. Now, they are going for Aakash's IPO at $4B.

Why? Let's find out👇👇 Last year, when Byjus signed the papers to acquire Aakash, everything was good and sunny:

📌 Covid had supercharged edtech, and thus, Byjus.

📌 Just one week ago, Byjus had raised half a billion dollars in funding.

📌 They were planning a massive $40 billion IPO in 2022.

Govt is making a new law that will remove all privacy from WhatsApp. They’ll be able to read all our messages!

Let's see how👇👇 Till now, all telecom stuff in India was according to a law made in 1885 called Indian Telegraph Act.

Maybe in 1885 criminals spread fake news through telegraph. But nowadays, criminals use WhatsApp.

So govt thought, we should keep up with the criminals. Let’s make a new law.

2 ex-Google engineers have made an AI chatbot called Character AI that lets you talk to Donald Trump, Elon Musk, Einstein, Sherlock Holmes, Xi Jinping, etc.

Character AI is co-founded by Noam Shazeer and Daniel De Freitas. Previously, both these guys were working on...

contd👇🏻 ...LaMDA, Google’s secret AI project.

The way Character AI works is pretty simple: you select a famous person, suppose Elon, and then you can start chatting with the AI version of Elon.

Pretty cool, right?

When govt said they will make a digital currency, I thought cool, it will probably launch by the time I have kids.

But today I saw the news that RBI has started pilot testing of the eRupee(e₹). Damn!

RBI's goal for the e₹ is clear👇👇 NO DISRUPTION.

No matter what, e₹ shouldn't disrupt the current financial system.

Why?

Because a central bank digital currency is dangerous.

Earlier, Byjus said revenue was 4400 crore.

But now they’re saying, lol sorry guys it’s actually 2280 crore.

What happened to the remaining 2000 crore? Let’s find out👇👇 When you are a small startup, life is simple.

Whatever money comes from customers, you count it as revenue.

But when you become a big startup, life is complicated. You have to follow “revenue recognition”.

SEBI is mad at Paytm and Zomato for doing flop IPOs. Now, it wants to punish the entire startup ecosystem.

Let’s see how👇👇 The problem started with Paytm and Zomato.

These guys came to the stock market with huge valuations and then tanked

People lost their investment and blamed SEBI

SEBI is supposed to be the stock market police, why did it allow such overvalued startups to enter the stock market?

This is the behind-the-scenes story of how a $3.5 billion crypto company went bankrupt👇👇 Celsius was founded in 2017. Their concept was: a crypto bank.

Users could deposit, withdraw and trade their crypto using Celsius. They offered a monster 17% returns on crypto deposits!!

At its peak, they had 1.7M users, $11.7B AUM, and it had given out $8B worth of loans.