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🇨🇳 | En el año 2011, el entonces emprendedor, Lei Jun, se dedicaba a vender en la calle y nadie le hacía caso, hoy, Lei es dueño de Xiaomi, y formó parte de la reunión mas importante del año, junto con Donald Trump, Xi Jinping y tomándose selfies con Elon Musk. Absoluto Cine 🚬

How the Hall of Prayer for Good Harvests in the Temple of Heaven Was Built On May 14, President Xi Jinping and U.S. President Donald J. Trump, who is on a state visit to China, visited the Temple of Heaven.The Hall of Prayer for Good Harvests is the main building of the Temple of Heaven in Beijing, where emperors prayed for abundant harvests. Its structure masterfully combines philosophy and engineering.

Xi Jinping dejó al planeta con la boca abierta. En un banquete con solo 47 invitados, el presidente chino miró a Trump y soltó sin filtro: “Trump está haciendo a América grande de nuevo.” Sí, leíste bien. El líder del Partido Comunista Chino recitó el eslogan MAGA en público. Trump convirtió a Xi al MAGA. Xi continuó con un discurso épico: “En el 250 aniversario de la independencia de Estados Unidos, los más de 300 millones de estadounidenses están revitalizando el espíritu de patriotismo, innovación y emprendimiento, e inaugurando un nuevo capítulo en la historia de la nación.” Y remató: “Los pueblos de China y Estados Unidos son dos grandes pueblos. La gran revitalización de la nación china y hacer a América grande de nuevo pueden ir de la mano. Podemos ayudarnos mutuamente a triunfar y llevar prosperidad a todo el mundo.”

🚨 UPDATE: President Trump is about to become the first US president in 51 YEARS to visit China's Temple of Heaven 47 getting the full grand welcome! 🇺🇸🇨🇳 "It is a place of sacred ground where emperors used to pray for the prosperity of the nation. The only other president to visit there was President Gerald Ford in 1975." "Built in 1420, this UNESCO World Heritage Site is nearly four times the size of the Forbidden City." "Imperial families held ceremonies here to offer sacrifices to heaven and to pray for good harvests."

@UnlimitedUser12 @mustafap0ly @SteinbergDavid7 blue badge = employee traders badge = $100k PnL (or otherwise high volume trader / well known community contributor) builders badge = projects building on top of Polymarket

There will be no AI jobpocalypse. The story that AI will lead to massive unemployment is stoking unnecessary fear. AI — like any other technology — does affect jobs, but telling overblown stories of large-scale unemployment is irresponsible and damaging. Let’s put a stop to it. I’ve expressed skepticism about the jobpocalypse in previous posts. I’m glad to see that the popular press is now pushing back on this narrative. The image below features some recent headlines. Software engineering is the sector most affected by AI tools, as coding agents race ahead. Yet hiring of software engineers remains strong! So while there are examples of AI taking away jobs, the trends strongly suggest the net job creation is vastly greater than the job destruction — just like earlier waves of technology. Further, despite all the exciting progress in AI, the U.S. unemployment rate remains a healthy 4.3%. Why is the AI jobpocalypse narrative so popular? For one thing, frontier AI labs have a strong incentive to tell stories that make AI technology sound more powerful. At their most extreme, they promote science-fiction scenarios of AI “taking over” and causing human extinction. If a technology can replace many employees, surely that technology must be very valuable! Also, a lot of SaaS software companies charge around $100-$1000 per user/year. But if an AI company can replace an employee who makes $100,000 — or make them 50% more productive — then charging even $10,000 starts to look reasonable. By anchoring not to typical SaaS prices but to salaries of employees, AI companies can charge a lot more. Additionally, businesses have a strong incentive to talk about layoffs as if they were caused by AI. After all, talking about how they’re using AI to be far more productive with fewer staff makes them look smart. This is a better message than admitting they overhired during the pandemic when capital was abundant due to low interest rates and a massive government financial stimulus. To be clear, I recognize that AI is causing a lot of people’s work to change. This is hard. This is stressful. (And to some, it can be fun.) I empathize with everyone affected. At the same time, this is very different from predicting a collapse of the job market. Societies are capable of telling themselves stories for years that have little basis in reality and lead to poor society-wide decision making. For example, fears over nuclear plant safety led to under-investment in nuclear power. Fears of the “population bomb” in the 1960s led countries to implement harsh policies to reduce their populations. And worries about dietary fat led governments to promote unhealthy high-sugar diets for decades. Now that mainstream media is openly skeptical about the jobpocalypse, I hope these stories will start to lose their teeth (much like fears of AI-driven human extinction have). Contrary to the predictions of an AI jobpocalypse, I predict the opposite: There will be an AI jobapalooza! AI will lead to a lot more good AI engineering jobs, and I’m also optimistic about the future of the overall job market. What AI engineers do will be different from traditional software engineering, and many of these jobs will be in businesses other than traditional large employers of developers. In non-AI roles, too, the skills needed will change because of AI. That makes this a good time to encourage more people to become proficient in AI, and make sure they’re ready for the different but plentiful jobs of the future! [Original text in The Batch newsletter.]

Suffering is inherent to our world. Yet it must remain within reasonable limits and for reasonable causes — and what counts as “reasonable” is for us to decide. : The author acknowledges that suffering is an inherent part of our world, woven into the fabric of existence through natural processes, limitations, and the very conditions that make life possible. However, he insists that suffering must not be unlimited or arbitrary. It should be kept within reasonable bounds and arise only for reasonable causes. Crucially, what counts as “reasonable” is not dictated by nature or fate, but something humanity must consciously define. This places profound moral responsibility on us. We are not powerless victims of suffering, nor are we obligated to accept it without question. Through reason, ethics, and collective will, we can reduce unnecessary pain, alleviate avoidable hardship, and set boundaries on what suffering we tolerate in our societies and in our own lives. The statement is both realistic and empowering. Suffering may be inevitable, but its scale and character are not. Defining and enforcing reasonable limits on suffering is one of the central tasks of a mature civilization.

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian