Business

  • The Bizarre and Surreal Works of Deep Learning AI

    One thing that Deep Learning excels in is analyzing pictures & videos, and creating facsimiles or combining styles. If you want to create art with deep learning look no further than the Deep Dream Generator or deepart.io which use Convolutional Neural Networks to combine your photo with an art style (if you want to do it on your phone another cool tool to check out is Prisma). 

    Downloadvia SubSubRoutine

    Deepfake is it's exactly what it sounds like … the use "Deep Learning" to "Fake" a recording.  For example, a machine learning technique called a Generative Adversarial Network can be used to superimpose images onto a source video.  That is how they made this fun (and disturbing) Deepfake of Jennifer Lawrence and Steve Buscemi.

     

    via YouTube

    While this is a fun example, Deepfakes create very real concerns. They're often used for more "nefarious" purposes (e.g., to create fake celebrity or revenge porn and to otherwise make important figures say things they never said).  It's likely you've seen videos of Trump or Obama created with this technology.   But it is easy to imagine someone faking evidence used at trial, trying to influence business transactions, or using this to support or slander causes in the media.

    As fakes get better and easier to produce, they will likely be used more often.  So, as a reminder, don't trust everything you see on the internet

    But also … Technology is pretty freaking cool. Right?

     

  • The Blind Leading the Blind: The Super Bowl Indicator

    Trying to get rich quick? Want to know if the markets going to be bull or bear this year?

    Look no further than the "Super Bowl Indicator".

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    The theory is a Super Bowl win for a team from the AFC foretells a decline in the stock market and a win for the NFC means the stock market will rise in the coming year. 

    There is one big caveat … it counts the Pittsburgh Steelers as NFC because that's where they got their start. 

    If you accept that caveat, it has been on the money 33 years out of 41 – an 80% success rate. Sounds good, right?

    Come on … you know better.

    Here are some other "fun" stock market fallacies:

    Back to Reality

    Rationally, we understand that football and the stock market have nothing in common.  And we probably intuitively understand that correlation ≠ causation. Yet, we crave order, and look for signs that make markets seem a little bit more predictable.

    The problem with randomness is that it can appear meaningful. 

    Wall Street is, unfortunately, inundated with theories that attempt to predict the performance of the stock market and the economy. The only difference between this and other theories is that we openly recognize the ridiculousness of this indicator.

    More people than you would hope, or guess,  attempt to forecast the market based on gut, ancient wisdom, and prayers.

    While hope and prayer are good things … they aren’t good trading strategies..

    As goofy as it sounds, some of these "far-fetched" theories perform better than professional money managers with immense capital, research teams, and decades of experience.

    I have a thought experiment I often ask people that come into my office. 

    What percentage of active managers beat the S&P 500 any given year?

    … Now, what percentage beat the S&P 500 over 15 years?

    The answer is about 5% (and that's in a predominantly bull market).  That's significantly worse than chance. That means something they're doing is hurting, not helping. 

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    via Gaping Void

    There's simply too much information out there for us to digest, process, rank, and use appropriately.

    Every second you spend looking at a market is a second wasted.

    There are people beating the markets — not by using the Super Bowl Indicator … they're doing it with more algorithms and better technology. 

    There will never be less data or slower markets.

    Onwards.

  • The Pale Blue Dot: Life, Mankind, and the Universe

    In 1977, the Voyager 1 launched into space.   Just over a dozen years later, the Voyager 1 spacecraft had traveled farther than any spacecraft/probe/human-made anything had gone before.  It was approximately 6 billion kilometers away from earth.  At that point, the Voyager 1 was "told" by Carl Sagan to turn around and take one last photo of the Earth … a pale blue dot. 

    The resulting photo is impressive precisely because it shows so little in so much.

     

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    "Every saint and sinner in the history of our species lived there–on a mote of dust suspended in a sunbeam."  – Carl Sagan

    Earth is in the far right sunbeam –  a little below halfway down the image. This image (and the ability to send it back to earth) was the culmination of years of effort, the advancement of technology, and the dreams of mankind.

    The resulting speech from Carl Sagan is still profound, moving, and worth a listen. 

     

    Carl Sagan via YouTube
     

    Here's the transcript:

     

    Look again at that dot. That's here. That's home. That's us. On it everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives. The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every "superstar," every "supreme leader," every saint and sinner in the history of our species lived there–on a mote of dust suspended in a sunbeam.

    The Earth is a very small stage in a vast cosmic arena. Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become the momentary masters of a fraction of a dot. Think of the endless cruelties visited by the inhabitants of one corner of this pixel on the scarcely distinguishable inhabitants of some other corner, how frequent their misunderstandings, how eager they are to kill one another, how fervent their hatreds.

    Our posturings, our imagined self-importance, the delusion that we have some privileged position in the Universe, are challenged by this point of pale light. Our planet is a lonely speck in the great enveloping cosmic dark. In our obscurity, in all this vastness, there is no hint that help will come from elsewhere to save us from ourselves.

    The Earth is the only world known so far to harbor life. There is nowhere else, at least in the near future, to which our species could migrate. Visit, yes. Settle, not yet. Like it or not, for the moment the Earth is where we make our stand.

    It has been said that astronomy is a humbling and character-building experience. There is perhaps no better demonstration of the folly of human conceits than this distant image of our tiny world. To me, it underscores our responsibility to deal more kindly with one another, and to preserve and cherish the pale blue dot, the only home we've ever known.

     

    Today, we have people living in space, posting videos from the ISS, and high-resolution images of space and galaxies near and far. 

    We take for granted the immense phase shift in technology. You have more computing power in your pocket than we first used to go to the moon. 

    As humans, we're wired to think locally and linearly. We evolved to live our lives in small groups, to fear outsiders, and to stay in a general region until we die. We're not wired to think about the billions and billions of individuals on our planet, or the rate of technological growth – or the minuteness of that all in regard to the expanse of space.  

    However, today's reality necessitates we think about the world, our impact, and what's now possible for us.

    We created better and faster ways to travel, we've created instantaneous communication networks across vast distances, and we've created megacities. Our tribes have gotten much bigger – and with that, our ability to enact massive change has grown as well. 

    Space was the first bastion of today's innovation, but today we can look toward A.I., medicine, epigenetics, and more. 

    It's hard to comprehend the scale of the universe and the scale of our potential … but that's what makes it worth exploring!

    Onwards!

  • A Look Back at “The Crazy Ones”

    I remember being mesmerized the first time I saw Apple Computers iconic "Crazy Ones" video as part of their Think Different campaign.

    Steve Jobs originally recorded a version of "The Crazy Ones" himself, but chose to release the Richard Dreyfuss narrated version

     

    via YouTube

    Here is the text version of the script.

     

    Here's to the crazy ones.
    The misfits.
    The rebels.
    The troublemakers.
    The round pegs in the square holes.

    The ones who see things differently.

    They're not fond of rules.
    And they have no respect for the status quo.

    You can quote them, disagree with them,
    glorify or vilify them.
    About the only thing you can't do is ignore them.

    Because they change things.

    They push the human race forward.

    While some may see them as the crazy ones,
    we see genius.

    Because the people who are crazy enough to think
    they can change the world, are the ones who do.

        –     © 1997 Apple Computer, Inc.

    Click here for extra material about the video and campaign

    I think it has held up pretty well, and I had this piece of art commissioned for my office. 

    Crazy Genius_GapingVoid

    There's a lot to be said for carving your own path, for pushing past perceived limits and accomplishing something hard to ignore.  

     

  • A Quick Visit to Cuba

    I went to Havana with a diverse group of business people, financial professionals and representatives from the US Fed. 

    Here is a photo taken with some of the classic cars that proudly dominate the roads despite cheaper Russian and  Chinese alternatives.

     

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    The city was beautiful … dirty and broken, for sure … but still beautiful.  Here is a view from my hotel room.

      

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    I commented that it was almost like seeing a severely wounded elephant. You can tell that it's hurt (and barely a shadow of its old self). Nevertheless, you can see the amazing bone structure. It is easy to imagine what it once was.

    In Cuba, the geography and the architecture are amazing. However, money hasn't been spent on the upkeep. Even though people live there, it seems surreal (almost like a post-apocalyptic wasteland).

     

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    In the story of Exodus, the Jews spent 40 years wandering the desert after escaping from Egypt. That means two generations of people, who didn't remember life as slaves, were ultimately the ones who entered the “Promised Land”.

    On some level, that's how Cuba is now. Most inhabitants weren’t born (or can’t remember) the 1960s. They have known nothing but this.

    Cuba is an interesting place … and I’d bet that it has an interesting future.

    The “lack” had a side effect. It produced a mutation. A portion of society grew more resourceful and resilient.

     

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    Like natural selection … nature finds a way.

    The rules change, the players change, even the game itself changes … That is how new ideas and new leaders emerge.

    Sometimes, almost no one notices. Sometimes they do. 

    Ultimately, change remains the only constant.

    Onwards!

  • How Long Does It Take To Get 50 Million Users?

    Cool tech often gets adopted by porn and gambling before more mainstream uses.

    Porn was the launchpad for video streaming, mobile-enabled sites, VR, and (unfortunately) pop-up ad technologies. 

    With that said, the next chart surprised me.  It shows the number of years it took for various products to gain 50 million users.

     

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    Pornhub tracks data like its business depends on it.  Well, it is the number one site for pornography.  What does that mean? In 2018, over 5,517,700,000 hours of porn was watched on their site. That’s approximately 6,298 centuries of video.

    Moreover, last year, it got  33.5 BILLION visits. That’s 1,064 people a second, or 92 million a day.  To put that in perspective, that's more people than live in the entire country of Germany.

    Here are some additional factoids about its use.

    • 4403 Petabytes of data transferred (574 MB of data for every person on earth)
    • Consumed more bandwidth than the entire internet in 2002
    • Stormy Daniels was the number 1 "trend" search in 2018  (followed by Fortnite …)
    • 4k ultra-hd overtook 1080p in search trends

     

    via Pornhub

    For the full list of stats click here

    They are so popular, it is almost obscene.

  • A.I. in Film: A Retrospective

    AI has been around in science fiction for over 1oo years. As it becomes reality, it's amusing to look at different depictions and attempt to connect the dots. 

    AI first broke onto the film scene with Metropolis in 1927. "Maria" the evil robot disguising herself as a human played on many human fears; deception, lack of control, and perhaps most importantly being replaced.

    Maria represented a future that was bleak and set the foundation for AI in cinema. Since then, there have been approximately 100 movies starring AI.

    According to Enlighten Digital,  52% of movies portray AI positively, which means it's about 50/50, and there has been a 144% increase in AI movies since 2010 – so we're becoming more saturated with AI.

    According to a study by Cambridge, seeing more films portraying robots (whether positive or negative) is associated with more positive attitudes toward robots. This is in line with the theory that the more exposure one has with "out-group" members (i.e. robots, or people of other races) the more positive one's attitude toward them. 

     

    Robots-Agglomeration-Infographic_Edit(Click to view Full Size) via NovaStor 

    The depiction of AI has always been a reflection of its time … as our values, ambitions, and technology has changed, so has on-screen AI. 

    So what does today's AI look like?

    On HBO, we have Westworld. In movies, iRobot, Chappie, and Blade Runner 2049 … it's clear the promise and the peril of AI has continued to evolve.

    These movies all have different tones but there's a trope that remains common from that initial film in 1927 to films in 2018. 

    We're always imagining that next step. What's going to happen as AI becomes (in some ways) smarter than us? What's going to happen when our creations surpass our control? What's going to happen if the line between human and robot blurs?

    There are a lot of advancements in real-life, in respect to AI. As such, there is a lot of movement on AI ethics, and how to best limit or best enable AI. 

    In film, we gravitate toward two extremes – utopias and dystopias. In real life, we can recognize those extremes are unlikely … but the effect of AI is still profound. 

    We're expanding a technology with the ability to radically change our world – for better or worse – so it's important to keep a purpose-driven approach. We can't lose track of humanity in the pursuit of AI. 

    Metropolis's final title card (that first AI movie from 1927)  still rings true … "The Mediator Between the Head and the Hands Must Be the Heart"

     

    The Heartbeat of AI is Still Human_GapingVoid

    Onwards!

  • Gil Brandt and the Innovation of Modern Football

    I'm regularly surprised by the levels of innovation and strategic thinking that I see in football.

    I've written posts about how much regular businesses could learn from watching football teams. That post talks about how even high school teams have a position-by-position depth chart. They have a game plan for their next opponent. They practice plays on both offense and defense. They watch game film of their past games and future opponents. And, they coach the team as a team, and the players individually. 

    Often, simple ideas, applied consistently, are enough to win.

    Last night I was at a Dallas Cowboys playoff game (note that is not an oxymoron) … and I took a picture with this guy.

     

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    I see him at every game … and every game he wears a different creative and well-thought-out costume. He sits on the 50-yard line, He wears Ferragamo shoes and a nice watch. Yet, something about this game captures his imagination.

    Yesterday, I also had the honor of meeting Gil Brandt at the game. For those of you not familiar with him, he was the vice president of player personnel (or Chief Scout) of the Dallas from 1960 to 1989.  He helped Dallas grow into one of the most powerful and popular sports franchises in America. His innovative management and personnel systems are standard operating procedure today for many teams at the professional and collegiate levels nationwide. 

      

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    Many consider him the architect of the Dallas Cowboys. I'm not talking about the stadium or headquarters, I'm talking about their teams and ideas that were the catalyst to "America's Team".  I took this from his Wikipedia page.

    He helped pioneer many of the scouting techniques used by NFL clubs today,[2] such as:

     

    Gil Brandt is one step closer to joining the NFL's ultimate pantheon – The Pro Football Hall of Fame.  He has been nominated as a contributor finalist for the Class of 2019. The contributor category recognizes "individuals who made outstanding contributions to professional football in capacities other than playing or coaching."

    He's an inspiration. Not only did he innovate how teams draft and measure talent … he's the guy who figured out how to make cheerleaders an iconic symbol of a team and the game itself.