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OH at @usv: a new experiment where we invite @thelibrarian to join our conversations and share some of the themes with the world. More and more we're letting the Librarian get a peak at our emails. Week of July 22nd, 2024:
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1/ The Wells Fargo Effect: Designing incentive systems for user-owned networks requires a delicate balance between rewarding participation and maintaining content quality to avoid the "clickhole crap" trap. This principle, long known in corporate sales, still needs emphasis in new media: explicit incentives work only when paired with strong quality measures.
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2/ That's A Lot of Chat: character.ai's staggering 20,000 queries per second, rivaling Google's search volume, signals a huge shift in how people seek interaction and information online. With users averaging 7 voice calls with their fictional characters, human-computer relationships are evolving at a startling rate.
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3/ Rise of the Mini Agent: AI friends aside, consumer agents struggle to gain adoption. It's possible our entire notion of an agent may be incorrect. Instead of a single monolith with a name that performs large tasks, we might be moving toward a future where thousands of agents constantly compete to perform microtasks as part of larger workflows.
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4/ Two-Step Value Creation in Infrastructure: Understanding the dual value creation process of infrastructure companies - through both revenue generation and project model validation - is crucial for investors to properly assess and support these ventures. Technical risk decreases as the process scales, while commercial risk is addressed once the first facility becomes operational.
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