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AI Transforming Media Forever, Revitalizing the Banking System, Big Tech Paupers, and Finding Growth in the Current Market Malaise

AI Transforming Media Forever, Revitalizing the Banking System, Big Tech Paupers, and Finding Growth in the Current Market Malaise

Social Leverage Letter | Issue #89

Pete Weishaupt
May 14, 2023

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READING

III. AI Is Transforming Media Forever, Here’s How

AI is expected to fundamentally change media in the next five years, with both risks and opportunities. De-risking content strategies will be easier to automate, and AI will unbundle research from narrative. AI will also help more people write, but it will not replace writers. The best approach is to intelligently blend what AI can do and what humans are great at.

AI Is Transforming Media Forever, Here's How

Dispatches from the frontier of technology and the written word

II. Outdated laws are denying banks access to a vast source of capital

Outdated regulations within the Bank Holding Company Act of 1956 are preventing nonbanks such as Apple and Google from investing in and revitalizing the banking sector. This is causing regional banks to struggle as digital banks and social media erode confidence. The solution is to modify regulations and allow nonbank entities to invest in and control banks, subject to the same safety-and-soundness standards. This would inject much-needed capital and engineering talent into aging financial institutions, leading to better financial products, improved risk management, and enhanced customer experiences. (by Ram Ahluwalia, Lumida — Social Leverage (Fund IV)

Outdated laws are denying banks access to a vast source of capital

Antiquated rules separating banking and commerce are preventing an infusion of capital that would revitalize the banking market.

I. Tech Workers Aren’t as Rich as They Used to Be

The decline in tech stocks has wiped out much of the wealth that tech workers had planned to use for big-ticket expenses such as houses and college tuition. Compensation for tech workers typically includes restricted stock units (RSUs), which have lost value due to the stock market downturn. The situation has also put startup employees in a tough spot, delaying their IPOs indefinitely and costing many their jobs. Many tech workers will likely have to take a pay cut in their next job due to the dreary market for tech talent.

Tech Workers Aren’t as Rich as They Used to Be

Stock declines have wiped out billions of dollars of paper gains meant for big-ticket expenses.

LISTENING

II. Panic with Friends - Jeff Richards of GGV Capital on Finding Growth in the Current Market Malaise

Jeff Richards of GGV Capital on Finding Growth in the Current Market Malaise (EP.253)

Listen to this episode from Panic with Friends - Howard Lindzon on Spotify.

I. Howard Lindzon on Business Ideas Before the Internet

‎Masters in Business: Howard Lindzon on Business Ideas Before the Internet on Apple Podcasts

Listen to this episode of Masters in Business on Apple Podcast.

WATCHING

I. Shopify President: How To Become A Millionaire For The Price Of A Starbucks Coffee

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Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.