Anyone who needs 6 months for an AI project today has already lost โ not because of the competition, but because of the learning curve. In the last 18 months, I've built more working products than in the 10 years before.
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โก "We let the AI figure out how to make money" ๐คฏWhen asked how chatGPT will ever make money, Sam Altman, the CEO, said:"Honestly, we have no idea."But the next sentence is what really cracked me up:"We focus on making the AI a general intelligence first and then we will ask it how it can make money for us."๐คฏDo you understand the profound impact of this?This is Silicon Valley business building spirit taken to the EXTREMES.It has been normal the past 2 decades to focus on product first, get to l
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If This Doesn T Stop People From Ridiculing Evs And Battery Production I Don T Know What Will 1
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๐ฅต If this doesn't stop people from ridiculing EVs and battery production I don't know what will.Ever since I'm driving an EV I can't wrap my head around fossils burning for energy. This stuff has taken millions of years to produce. It has been in the ground for millions of years. And then it gets pumped up, refined, transported around half the world only to be burned in a matter of seconds. Once.This can't be the future.Source: https://lnkd.in/eHjJbUbU
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Lots of great innovations in that 1950s refrigerator, especially...... those pull-out trays.Where did all those ideas go?I'm sure there are high-end refrigerators out there that somehow incorporate these features - but:in all the low-end or mid-range devices I know these innovations are surely not a part of it.The point I want to make: this is a good example of a product where customer-centricity was sacrificed on the altar of higher profits very early on.#innovation #customercentricity #product
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โก This robotic, remote-controlled rescue ring operates for 30 minutes under any conditionTime and time again Iโm amazed when someone introduces innovation in products that seemed fully done.I mean, a rescue ring has literally barely changed for hundreds of years.Now add some autonomy and AI to it and so it is able to detect someone at danger, launch itself into the see and drive to the person.Et voilร : itโs possible to augment life guards or add a layer of security to formerly unguarded beaches.
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โก The type of tech where I always wonder: is there a market demand for that?But that's the wrong question to ask, because this is foundational research.The right question is: are there entrepreneurs who will take this and make a product that people will want?#innovation #futurepositive #creativity #startups #technology
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โก The easiest, most rewarding and enjoyable repeat sales is with happy customers.The product strategy learning here is simple: just build a fantastic product or service ๐ How? Well, that's the difficult part.#innovation #futurepositive #creativity #strategy #entrepreneurship #startups
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โก "Google & Microsoft have had huge teams working on AI for a decade or more with essentially unlimited resources.Yet they have deliveredโฆ no major breakthroughs.Meanwhile, two startupsโOpenAI & Midjourneyโcreated products so mind-bending that it feels like the beginning of a new era.Itโs proof that innovation doesnโt correlate with resources. If anything, itโs an inverse relationship." (- https://lnkd.in/exXQCHzp)That's why we're trying to operate as resource-constricted as possible when doing
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โก Ever wondered about those weird labels? There's an entrepreneurship lesson in there:The founders were entering their recipe into a contest about a 100 years ago.One worked on the actual drink, the other designed the label.At the day of the contest they realized that the label was too big for the bottle.Due to a lack of time they slapped it on anyway.They lost the contest, but one of the judges told them to keep the product design because it made their product stand out.The lessons?๐ญ. ๐ ๐ฉ๐ฃ >
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โก A 36.000.000% increase in productivity and efficiency?Yes: 2.500 BC it took humans 50 hours of work to have 1 hour of light from an ancient oil lamp. Today, it takes just 0.5 seconds of work.Presumably this is not only because humans have become way more productive, but also because we generate energy far more efficiently.(For example by carelessly burning fossil fuels that are cheaper by the liter than Coca Cola.)Still an impressive increase - would you agree?
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In case you didn't believe that air follows the same principles as water:But: how do I turn that into an innovation post?There are only a few fundamental principles and truths in this world. Some call them first principles.Those apply everywhere: for example that air might move in waves the same way water does.Some innovation first principles might be:- customers only buy when the pain solved is big enough- the unit economics have to be profitable- product has to have measurably positive impactA
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๐ก ๐ฏ ๐ฟ๐ฒ๐ฎ๐๐ผ๐ป๐ ๐๐ต๐ "๐ฏ๐ฎ๐ฐ๐ธ ๐๐ผ ๐๐ต๐ฒ ๐ฏ๐ฎ๐๐ถ๐ฐ๐" ๐บ๐ถ๐ด๐ต๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐ฏ๐ฒ ๐ฎ ๐ด๐ผ๐ผ๐ฑ ๐ถ๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐ผ๐ป ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐Innovation in agriculture in the last few hundred years has led to unprecedented productivity increases.An example: an acre (less than one football field) was the size of land one farmer could plough with an ox during one morning.Just imagine how many football fields one farmer is able to plough during one morning nowadays.But as in every system there
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๐ก ๐ฏ ๐ฟ๐ฒ๐ฎ๐๐ผ๐ป๐ ๐๐ต๐ "๐ฏ๐ฎ๐ฐ๐ธ ๐๐ผ ๐๐ต๐ฒ ๐ฏ๐ฎ๐๐ถ๐ฐ๐" ๐บ๐ถ๐ด๐ต๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐ฏ๐ฒ ๐ฎ ๐ด๐ผ๐ผ๐ฑ ๐ถ๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐ผ๐ป ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐Innovation in agriculture in the last few hundred years has led to unprecedented productivity increases.An example: an acre (less than one football field) was the size of land one farmer could plough with an ox during one morning.Just imagine how many football fields one farmer is able to plough during one morning nowadays.But as in every system there
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... it would be the third biggest company in the world.That's the power of non-incremental innovation.Putting out a product that kills an old product line but becomes way more valuable in the process.And Apple didn't just do it only once - remember the iPod?#innovation#apple#airpods
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