Long read: Just how rich are businesses getting in the AI gold rush?
A couple of weeks ago, we featured a piece on what use cases for Generative AI enterprises are adopting since the emergence of ChatGPT. This piece in the Economist looks at which companies are making money by selling AI related hardware, software or services. It begins by helping us understand the four layers in the AI stack: […]
Long read: The new science of death: ‘There’s something happening in the brain that makes no sense’
One of the wonders of being alive in the modern world is that your personal mental model of the world around you is constantly being challenged as new insights & information emerges. This long read in The Guardian tells us that the line between life and death is not as binary as we thought it […]
How Will Tight System Liquidity Impact KCP?
Given consistently strong credit demand and weak deposit growth, we are now staring at a tough funding environment with banking sector credit to deposit ratio at an all-time high of ~80%. This funding environment along with consistent regulatory action will separate the men from the boys in the upcoming quarters leading to divergent growth outcomes […]
Short read: Could weight-loss drugs eat the world
Europe’s most valued company today is a pharmaceutical company – Denmark’s Novo Nordisk, valued at more than half a trillion dollars, having tripled in the last three years. All thanks to its wonder drug for weight loss, Wegovy, sales of which touched $4.5bn in 2023 up 5x over 2022. It’s closest competitor, Zepbound sold $2.9bn […]
Short read: The Psychologist Who Turned the Investing World on Its Head
Daniel Kahneman, the Princeton professor of psychology, who won the Nobel Prize in economics for his pioneering work in behavioral finance passed away last week. Here’s an obituary by Jason Zweig, the noted financial journalist who had a chance to observe Kahneman from close quarters when he worked on the initial drafts of Kahneman’s best […]
Short read: Indian Prisons Saw A Surge In Undertrial Prisoners Over A Decade
People like us who earn a living in India’s financial markets often rely on cliches like “India has an independent judicial system which delivers a modicum of law & order in this vast country” to convince foreign investors to direct their monies towards India. This data oriented article in IndiaSpend should give all of us […]
Long read: Parallel Tracks: observations from the Jade Empire (Part 1)
Whilst India might have replaced China as the fastest growing large economy in the world, China is in a totally different race altogether – the technology race with the world’s super-power, the US. Here’s a blog by a venture capitalist, taking stock of where the US and China stand on three key aspects of the […]
Long read: The Indian Giant Has Arrived
The star duo – one a famous investment strategist, the other a Nobel Prize winning economist – highlight three critical risks facing the Indian economy, risks which we believe are poorly appreciated in the broader investment fraternity. Firstly, India’s economic muscle in IT Services and its massive diaspora remitting money back home brings $350bn+ of […]
Long read: Why Do Rich People Love Quiet?
We came across two essays on the same subject with the same title over the course of a week. The authors of these essays could not be more different. Dr Chakraborty is a professor of marketing at Shoolini University in the picturesque hill station of Solan in India. Ms Gonzalez is a bestselling author in […]
The Underdog Ascends: The Rise of a New Indian Elite
The joining up of India, digitally and physically, has democratized access to economic opportunities. This has helped new groups of people rise in the Indian economy. These newly ascendant people are neither based in India’s megacities, nor did they study in elite universities and nor do they belong to the socially privileged castes. From […]
Short read: CATL, the little-known Chinese battery maker that has the US worried
As the west, particularly the US, tries to wean away from its reliance on Chinese manufacturing, it finds that in certain areas there is no way out. One of them is electric batteries. CATL, the Chinese electric battery maker used for electric vehicles as well as power grids is not just the world’s largest but […]
Short read: Formula 1 chief appalled to find team using Excel to manage 20,000 car parts
We know Formula 1 teams build the most advanced cars on this planet. Each of these cars – we are informed by this article – cost $12-16mn. Apparently, these teams operate with a budget cap of $145 million. And yet, these teams use Excel software to track all their wonderful high tech gadgets and cutting […]
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