MBI Deep Dives

MBI Deep Dives

A Month with Muse

On September 8 this year, Meta launched Muse. The very next day, I shared my first impressions of Muse, and in that piece, I promised I would share more thoughts in a month on how I’m actually using the product. Today’s piece delivers on that promise. Rather than

Room at the Top

I came across this astonishing chart from Michael Batnick yesterday showing that the combined market cap of the bottom 434 companies in the S&P 500 equals that of the top 5. It is the time series, though, that drives home just how unusually concentrated the index has become

Quantifying My AWS "Vibes"

I actually laughed out loud when I came across this meme yesterday. With (near to medium term) unfalsifiable bearish takes flying around for non-AI stocks, I sympathize a bit with the complaints about the rise of “vibes” based investing. However, on a personal level, the more I think about

ezCater and the Other Half of Uber's FCF

Barely a week after my Uber Deep Dive, Uber announced yesterday it is buying ezCater, the largest online catering marketplace in the US, for $2.3 Billion in cash. The deal is small for a company worth ~$145 Billion, but it adds yet another vector to a pattern I have

When the Ads Come to the Data

Last week, I wrote why Muse may never need ads. That piece traveled quite a bit, and interestingly, while I received glowing praise from some readers, I have also heard from people who vehemently disagreed with the word “never”. After pondering this a little more, I actually came to agree

The Thin Margin of Safety in Selling Compute

I came across this funny tweet last week that says “the best way to signal status in the Bay Area is to act noticeably stressed about lack of compute”. Every earnings season, all the hyperscalers and neoclouds remind us how demand for compute is outstripping supply. Given these contexts, one

The Ever-Widening Overton Window of AI Safety

AI alignment or safety used to be bit of a fringe issue primarily discussed in some corners in the Silicon Valley offline or in the pages of LessWrong online. Today, they are increasingly not only front page news in mainstream media but also a recurring topic in perhaps most group

Why Muse May Never Need Ads

It didn’t take too long for the app layer to start to respond to Muse. Amazon, of course, already blocked Muse. While it remains to be seen how such dispute gets resolved, we are starting to see app layers amping up their shipping speed. Just yesterday, DoorDash unveiled an

MBI at The Synopsis Podcast

I had a great chat with Drew Cohen on 'The Synopsis' podcast. We dove deep into how AI agents like Muse could impact consumer internet platforms such as Booking, Airbnb, DoorDash, and Amazon. You can listen to the conversation on Spotify, Apple, and YouTube. Here is a preview

The Case for Meta Enterprise Platform

Meta seems to be announcing something everyday these days. Yesterday, the company announced “Meta Enterprise Platform”. From the official blog post: Meta Enterprise Platform will use our strengths that few other companies have: advanced models, leading agents, large-scale infrastructure, and years of working closely with many businesses. Initially, we