In today’s “Truth is Stranger than Fiction” episode, Elon Musk and Mark Zuckerberg seem to be discussing a "cage match." But, for those of us who have been around awhile, we remember the first real billionaire fight when Herb Kelleher, co-founder of Southwest Airlines, settled a business dispute with a rival by arm wrestling in front of an audience at an arena, in an event dubbed “Malice in Dallas.”
This supposed cage fight started because Elon responded to someone on Twitter saying, “I’m up for a cage match if he is lol” to which Zuckerberg posted an Instagram story saying, “Send Me Location.”
Now, their beef isn’t new. Back in 2016, Musk’s SpaceX was contracted to shuttle a satellite into orbit for Facebook. During a routine test, an explosion on the ground caused the satellite to be destroyed, and Zuck to say, “I’m deeply disappointed to hear that SpaceX’s launch failure destroyed our satellite that would have provided connectivity to so many entrepreneurs and everyone else across the continent.”
Ever since, they’ve been going at it. They take different stances on AI. They’ve gotten off each other’s platforms, etc.
This year, Father's Day was smaller than usual. My wife, Jennifer, is in Indonesia, and my older son is on the west coast.
Meanwhile, my younger son, Zach, took me to one of our favorite Asian restaurants with his new Fiancée, Sloane.
I've been calling her my daughter-in-law since he brought her home (because some things are inevitable and easy to recognize).
Reflecting on the past year, I'm grateful for my granddaughter (from my married son, Ben, and his wife). And, I'm also grateful that Zach and Sloane got engaged and started to plan the rest of their lives together (and hopefully more grandchildren for me).
As a father, having great kids is a double blessing. On one hand, it's nice to be proud of who your kids are and the things they do. On the other hand, it's also nice to feel proud of the small part you played in helping them become who they are.
Of course, I also look back … and spent some time thinking about my father and his terrific influence on so many lives.
My Dad believed in setting high standards. He explained that most people's lives are defined by their minimum standards. Why? Because once those standards are met, it is easy to get distracted by other things (and figuring out how to meet the minimum standards for them as well).
He was also my best friend.
I see so much of him in myself, and in my children, and many of the aphorisms I teach come from him. I'm grateful that I can still see his impact on the world.
There is nothing wrong with your television. We will control all that you see and hear. We can deluge you with a thousand channels or expand one single image to crystal clarity and beyond. We can shape your vision to anything our imagination can conceive. Enjoy ….
There is nothing wrong with your television set. Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image; make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next hour, sit quietly and we will control all that you see and hear. We repeat: there is nothing wrong with your television set. You are about to participate in a great adventure. You are about to experience the awe and mystery which reaches from the inner mind to the outer limits.
We believe what we want to believe, so it can be very hard to change a belief, even in the face of contrary evidence.
Since the past election cycle, we've seen a massive uptick in distrust toward news agencies, big companies, the government, and basically anyone with a particularly large reach.
To a certain degree, this is understandable and justified. Here is an example of the power of the media focused on a message. Click to watch.
Propaganda has always been an issue, and almost everyone does it; governments, companies, etc. Luckily, it's easier to see today than in the past, but unluckily it's also more pervasive and insidious than before.
It's to the point where if you watch the news you're misinformed, and if you don't watch the news you're uninformed.
The above segment portrays a rosy picture of Amazon's efforts to protect its workers while delivering essentials to the struggling homebound masses. This comes while Amazon has come under massive fire for removing some of its protections.
Honestly, I use Amazon and, in my opinion, this isn't a massive breach of trust. News stations have a lot of time to fill, they often have sponsored content.
That being said, it's something to be cognizant of – not necessarily offended by.
Personally, I believe I am reasonably aware and somewhat immune from propaganda. That probably isn't as true as I'd like to believe.
It used to be true that winners wrote history (think empires, wars, etc.). Now, the one that delivers the most broadcast narratives shapes the emotional and seemingly logical responses to what we perceive to be happening around us.
The result impacts elections, financial markets, buying choices, and countless other areas of our life.
It's a great reminder that what you're seeing and hearing is carefully manufactured, and hopefully, it encourages you to get outside your bubble.
I think one of the worst consequences of the past few years is the unwillingness of mass swaths of Americans to listen to voices they disagree with. The internet has already created echo chambers, but it's being exacerbated by vitriol. As a result, I think we're seeing the fringe of both parties move further away from the middle.
It's unsurprising that Google and social media top the list, but it is interesting to see OpenAI becoming the 17th most visited site last month – with 1.8 billion visits – despite being very new to the scene in comparison to its competitors.
Easy to forget, but also unsurprising is the prevalence of adult websites on this list. One of my most popular articles ever was titled "How Long Does It Take To Get To 50 Million Users?" in it, the takeaway was that Pornhub did it 19 days – faster than anyone else … up until ChatGPT. Part of the popularity of that article is because Pornhub has very in-depth statistics about its yearly use.
It gets a little old talking about ChatGPT so often … but it's rightfully taking the world by storm, and the innovations, improvements, and use cases keep coming.
This week, I'm keeping it simple.
VisualCapitalist put together a chart that helps contextualize how well ChatGPT tests on several popular placement tests.
It also shows the comparison between versions 3.5 and 4.
ChatGPT 4 improvements include plugins, access to the internet, and the ability to analyze visual inputs.
Interestingly, there were a couple of places where version 4 didn't improve … Regardless, it is already outperforming the average human in these scenarios.
Obviously, the ability to perform well on a test isn't a direct analog to intelligence – especially general intelligence. However, it's a sign that these tools can become important partners and assets in your business. Expect that it will take developing custom systems to truly transform your business, but there are a lot of easy wins you can stack by exploring what's out there already.
The takeaway is that you're missing out if you aren't experimenting.
As I experiment with social media in preparation for the launch of my book "Compounding Insights: Turning Thoughts Into Things in the Age of AI," we've started producing short videos where employees ask me questions … some dumb and some smart.
One we just released asked the question, "Does astrology work?" Here is my response.
The first answer is … at least not the way many believers wish it would. Nonetheless, many get value from astrology because it helps them think about themselves and others from a different perspective while providing comfort and structure.
It's like a nightlight in the dark. It doesn't make you any safer, but it feels like it.
Unfortunately, like many things … some people take it too far.
Trading is more accessible than ever before. We've gone from scrums of traders in trading pits to armchair experts investing in real estate, cryptocurrencies, options, and more from the comfort of their couches in their underwear.
With accessibility often comes misuse. And, in this specific case … astrology.
"Mercury Is In Retrograde … Should I Sell My Stocks?"
A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts. – Burt Malkiel, “A Random Walk Down Wall Street”
My son brought to my attention an iPhone app – Bull and Moon; "Find stocks whose stars align with yours."
After you create your "astrological investor profile," their "proprietary financial astrology algorithm recommends an optimal portfolio of six stocks and shows your compatibility score with thousands more."
The picks were pedestrian: Oracle, Hasbro, American International Group, Microsoft, Yum! Brands, and FedEx.
The logic and commentary were entertaining. The choices were based on "similarities in business decisions," "shared outlooks on humanity," and "strong mutual success metrics."
Here is an excerpt:
Zach can usually let strong FedEx Corporation lead the relationship, but at the same time, Zach will invest many times over. This relationship will be full of success, understanding on many levels, and a lot of fun.
Since my last name is Getson, I often get "Jetson" at restaurants. As the CEO of a tech company focused on innovative technologies, it somehow feels fitting.
Despite only airing for one season (from 1962-1963), The Jetsons remains a cultural phenomenon. It supposedly takes place in 2062, but in the story, the family's patriarch (George Jetson) was born on July 31, 2022. Not too long ago.
Obviously, this is a whimsical representation of the future – spurred on by fears of the Soviet Union and the space race. But it captured the imagination of multiple generations of kids. Flying cars, talking dogs, robot maids, and food printing … what's not to love?
I don't intend to dissect the show about what they got right or wrong, but I do want to briefly examine what they imagined based on where we are today.
For example, while flying cars aren't ubiquitous yet (like in the Jetsons), we already have driverless cars. It's likely that by 2062, driverless cars will be pervasive, even if flying cars aren't. But, frankly, who knows? That is still possible.
Meanwhile, both George and Jane work very few hours a week due to the increase in technology. While that's a future we can still envision, despite massive technological improvements, we've chosen to increase productivity (instead of working less and keeping output at 1960 levels). Even with the expected growth of AI, I still believe that humans will choose to pursue purposeful work.
The Jetsons also underemphasize the wireless nature of today's world. George still has to go into the office, and while they have video phones, it's still a piece of hardware connected to a wall, instead of mobile and wireless. 2062 is far enough away that holographic displays are still a very real possibility.
Likewise, while we don't yet have complex robot maids (like Rosie), we already have Roombas… and both AI and Robotics are improving exponentially.
Meanwhile, we are in the process of creating cheap and sustainable food printing and drone delivery services … which makes the Jetsons look oddly prescient.
And, remember, there are still 40 years for us to continue to make progress. So, while I think it's doubtful cities will look like the spaceports portrayed in the cartoon … I suspect that you'll be impressed by how much further we are along than even the Jetsons imagined.
Not only is the rate of innovation increasing, but so is the rate at which that rate increases. It's exponential.
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