Just back from Seoul. Some thoughts on the joint UK-Korean AI Summit where I was co “sherpa” with the brilliant Imran Shafi, along with some general reflections on Government and AI over the last 12 months as a civil servant in Number 10…
Starting 2022 with a bang! 💥
Delighted to be joining the awesome
@hornby
as a NED.
So many great brands like
@Scalextric
@corgi
@Airfix
@Humbrol
to name just a few.
Incredible history. Hugely exciting future! Toot toot 🚂
“Questioning or contradicting the orthodoxy of a field or institution can be very necessary, and unlock new insights. But self-identifying as a contrarian is unwise, since maintaining and validating your self-image starts to take precedence over seeking truth.”🔥 by
@mrianleslie
Any spads who are interested in doing a start up or working for a start up feel free to DM me. Happy to help if I can. I’m biased but I think spads make great founders. Spad life is pretty similar to start up life. Massively stretched and constantly putting out fires!
Tomorrow, a lot of No.10 Special Advisers and campaign staff will lose their jobs.
Even those on the winning side will not be guaranteed a job afterwards!
I have spoken to 150 former SpAds over the years and this is what they can go onto do next 👇👇 /1
“CoreWeave, an American AI infrastructure group, is investing an initial £1 billion in Britain, in the third significant boost to the UK’s fast-growing AI sector this week.”
Hinton is as close to a real genius as we get.
He’s leaving millions on the table & publicly refuting his entire life’s work, just to try to warn humanity of the dangers of AI.
How many people would do that?
How concerned must he be?
I never tweet about companies for poor service but now I have to. I’ve been blocked from my Coinbase account for 6 weeks.
@CoinbaseSupport
last replied to me on 14 Feb & nothing since despite my 10 DMs. Please help
@brian_armstrong
this is farcical. I’m a
#COIN
shareholder too!
Big milestone for Look After My Bills - 200,000 members! Doubled in 7 months. Saved our members over £34 million in total. Big thank you to the brilliant and hard working
@LAMB_GB
team!
@racheljanetwolf
Great piece. And agree. But the problem also lies with a civil service where everyone changes jobs every 18 months to 2 years. The one advantage a permanent bureaucracy should have is experience and knowledge. But nope! The incentives are to encourage job hopping… 🤦♂️
@GergelyOrosz
Don’t think this is just tech but happening across a heap of sectors. Covid caused people to reassess and decide if what they are doing is really what they want
Countries (inc. U.S. & China), companies, academia & civil society all round one table discussing AI governance is a win.
China taking part isn’t always popular but it’s important.
You can’t have a serious discussion about AI governance without the second biggest AI power.
P.S. A thank you.
There have been long nights, early mornings and ruined weekends.
A crew of people working incredibly hard on this agenda. Going above and beyond.
I won’t name names. You know who you are. Thank you. You are all ninjas.
Next stop Paris!
TTE
IYKYK
@GergelyOrosz
Yes
@thursdaydating
are pioneering a new way. Focusing on real life meetings not swiping and texting. Less time on apps, more time with people. And massively boosting the nightlife sector too. Exciting times! (Full declaration - I’m a tiny angel investor)
- $1bn investment in UK autonomous vehicle start up
@wayve_ai
- $1bn investment into the U.K. by
@CoreWeave
.
-
@alexandr_wang
announces Scale’s first office outside of the U.S. here.
The UK punches about its weight in AI. And it must remain so.
A striking graph of the percentage of New York Times headlines containing each president's name, by
@brgrbrglr
. Trump and the Times had a symbiotic relationship: he used them to get attention, and they used him to get subscribers.
If anyone asks you if your start up is for sale, the answer is always no even if you would sell.
Weeds out the people fishing and anyone serious will come back.
Learnt that the hard way.
I sold my first startup in 2020 for a life changing amount
Since then, I've talked to countless other founders who have gone down the same path
Here is a thread of my best advice for startup founders on how to navigate the process of selling your company:
🚨MEGA MILESTONE KLAXON🚨Look After My Bills
@LAMB_GB
hits HALF A MILLION customers! £110 million put back in people’s pockets! Big love and shout out to all the amazing team who made this happen thanks to their hard work 👍👊💥🔥🚀
Look After My Bills founders Henry De Zoete & Will Hodson are joining Elliot to discuss their famously successful Dragon’s Den pitch and their next steps after selling up
Jazz Shapers with Elliott Moss and Mishcon De Reya, Saturdays from 9am 📻
|
@elliot_moss
@Mishcon_de_Reya
|
In a massive at least an hour queue to pick up a rental car thinking there must be a better way. Just like every start up founder on holiday. And will forget about it in 24 hours obvs
Following our UK appeal,Match Group who tried to buy us,have an estimated 50% mkt share of the global online dating mkt just sued us (Muzz) for the THIRD time.
It is time for the Federal Trade Commission to look into this aggressive litigious behaviour.
1/10
@FTC
@MetOnMuzz
This is the best piece of direct mail I’ve seen in ages.
Localised, social proof and a killer PS (the PS is always read first and the most important bit of any comms). Hats off to
@Nextdoor
Bet this has higher conversion & ROI than their digital ads.
Thoughts on improving ⬇️
It’s genuinely incredible what
@soundboy
@michelledonelan
and the whole team at
@SciTechgovuk
have achieved with the Frontier AI Taskforce in just a few weeks. Plenty more to come! IYKYK
1/ 11 weeks ago I agreed to Chair the UK's efforts to accelerate state capacity in AI Safety - measuring and mitigating the risks of frontier models so we can safety capture their opportunities. Here is our first progress report:
And I’m grateful to our French colleagues for taking on the baton and hosting the next summit in February.
As a former
@ycombinator
founder it should come as no surprise to anyone that I love AI.
It’s great to see some big recent wins for the UK and AI:
I’m normally a huge fan of
@RevolutApp
but having a nightmare. Asked to do an ID check I’ve had no access to my account for nearly 2 weeks! I’ve had payments to me rejected and yet Revolut have still taken their monthly payment! Can anyone help speed this up please
@RevolutApp
?
Meet the TX man who’s making customized caskets for each of the 19 young victims and two teachers from the school shooting in
#Uvalde
. Trey Ganem visited with the families last week so each casket is personalized to include each child's interests.
📷: SoulShine Industries
This tech is the most important in history.
It’s also moving faster than any in history.
Maybe the scaling laws bend.
Maybe they don’t.
But it’s the duty of Govts to assess the full range of scenarios.
And prepare a range of plans accordingly.
Speed is of the essence.
Strong agree with this. Uncomfortable but worth it. I’d add a fourth reason - it’s much harder for someone to do you over if they have met you personally. Works both ways obviously but a net positive. Make friends!
CEOs: It’s important to have a cordial relationship with the CEOs of your competitors and to meet with them on a regular basis. Why? Three reasons, which ultimately all boil down to humanizing your competitors and not having them feel like a black box.
@wes_kao
Great thread. Do you think this also depends on the age of the business? A brand new start up needs to focus on performance. As it grows it can move towards brand. I see too many very early start ups who stress about their brand when they just need customers… what do think?
2. Two summits building international consensus on AI risks and safety.
Seoul would not have been possible without Bletchley and the amazing work of the DSIT team and negotiators
@matthewclifford
and
@JonathanBlackUK
3. First ever IPCC style report into the state of the science of AI with support from 30 countries across the globe.
Hats off to Yoshua and the team behind it.
Can’t wait for the next one for the French summit.
Rishi Bommasani summed it up well here
What I appreciate about this report is that it identified bonafide experts in AI, who do not agree on everything but share a constructive lens, and had them write a serious piece characterizing the state of science.
This piece should and will inform policymaking.
Big shout out to my amazing Look After My Bills co-founder
@hodsonwill
who is doing
@ycombinator
alumni demo day today!!! We are one of the 35% international teams in YC W18!!! Boom!!!
⚡️⚡️The biggest deal ever on
@dragonsden
was by
@HZoete
+
@hodsonwill
💵💵 Asking for £90k for 1% of their business
📺📺 They left with the best deal in the history of the show
This is their story, what it feels like to be in the Den and what happened next 👇👇
AI doesn’t know borders. If we’re to get the best out of this incredible technology then countries have to work together.
That’s why I’m so grateful to Korea for co-hosting.
This is the team with the legendary Hokwon from President Yoon’s office after it was all over.
@LDHMarketing
@racheljanetwolf
But I’m afraid it’s not just ministers who churn. Civil servants tend to move every two years. I don’t blame them - that’s how they get ahead and get pay rises. But those incentives mean no institutional knowledge even in the civil service
“The U.K. Safety Institute has released a toolset designed to “strengthen AI safety” by making it easier for industry, research organizations and academia to develop AI evaluations … the toolset is available under an open source license.”
How do people feel about a fund that offers a decent cheque size - several hundred grand - and then says 10% of it is cash and 90% operational support?
But to get the incredible upside of this technology we must ensure it’s safe.
In the last year we have built:
1. The best technical team in any government doing evaluations of models including people leaving OpenAI & DeepMind to join us.
A friend and I constantly send each other screenshots of footballers’ careers from Wikipedia. So we decided to set this account up. Who is this legend???
Important for people to understand what is going on in AI at the moment.
As
@matthewclifford
says, tech companies are building
“PROBABLY THE MOST POWERFUL TECHNOLOGY IN THE HISTORY OF OUR SPECIES …
“TECHNOLOGY THAT WILL BE BETTER THAN HUMANS AT EVERYTHING HUMANS DO.”
"We are advancing the capabilities of these [AI] systems faster than... our ability to control them"
Government tech adviser Matt Clifford says it is vital to invest in technology needed to "make AI safe"
#BBCLauraK
All the leaders of the companies building AI are on the record saying what they are building could lead to the end of humanity.
This fact should be much more widely known.
Governments across the world need to start taking this seriously and quickly.
Curious: what are the strongest public expressions of concern about catastrophic or x-risk made by senior leaders of major AI labs?
Both Sam Altman & Shane Legg have made unambiguous statements. I don't know of similar statements from Dario Amodei or Demis Hassabis
Sixteen frontier AI companies from across the globe inc the US, China and the UAE signing the same commitments is a win.
And maybe the start of the first truly global standards on AI.
Seriously impressive that
@pickmypostcode
have now given away £1 million!!! Don’t pay for lotteries - sign up to these guys! Way more fun and free! 😀👍🤞👊
All marketeers / founders out there need to use
@trytriplewhale
. What
@AY_Orbach
&
@aryehMaxx
have built will save you hours & hours and help you really understand all your digital channels. And this is just the start. Their vision is 🤯🔥💥🚀
Speed. That’s your number one advantage if you’re a small organisation whether start up, campaign or whatever. If you’re a large organisation optimise for fast decision making. ⚡️Speed kills⚡️
Tomorrow, a lot of No.10 Special Advisers and campaign staff will lose their jobs.
Even those on the winning side will not be guaranteed a job afterwards!
I have spoken to 150 former SpAds over the years and this is what they can go onto do next 👇👇 /1
Shout out to
@HZoete
who managed to keep cool during live radio interview today while cat scratched door down, then after hurriedly letting her in to stop noise, she did a dirty protest right in front of him 😱. He kept going without a word...until off air, then many words!
Nick Telson is a rockstar of the UK angel investing scene so I was very lucky to join him on his
@pitchdeckpod
podcast. We talked all things angel investing and what I look for in start ups when I invest. Check out
Having done focus groups in various forms for 15 years I love
@SarahLongwell25
podcast The Focus Group Discussion that is grounded in what Americans actually think rather than hacks wanging on about what they think people think! We need a UK version
Great fun chatting just now with
@PetrieHosken
on
@BBCRadioLondon
about energy price caps and
@LAMB_GB
! Great curveball question at the end - am certain we did meet before Petrie! Hopefully there wasn’t too much gibberish nonsense coming out of my mouth this early in the morning!
At YC, we work with founders throughout the life of their startup and beyond, to build the world-changing companies of the future.
And we'd love to work with you.
The deadline to apply for YC Summer 2024 is Monday, April 22 at 8pm PDT — apply today at .
Day in the Life of a Hedge Fund Analyst
Few live to tell the tale.
"Was it like Billions?"
"Describe ur investment process?"
"What did u learn?"
I get these questions all the time, but for a while I was afraid of answering publicly. No more!
Hedge fund story time.
👇
🧵/
The one piece of advice I give to founders that is consistently against my own interests as their investor:
If an opportunity to exit presents itself where you would make enough to own a home, take it—even if it’s earlier than the expectations you set.
Life is a ladder: you
Tune in to
@LBC
in about 10 or so mins to hear me talking surging energy prices with
@iaindale
. Is the price cap backfiring? Of course you never need to worry about rising prices if you are with
@LAMB_GB
😉
This week we hit 130,000 customers on
@LAMB_GB
! Boom! And yes, that’s 130,000 people fully signed up giving us permission to switch on their behalf. We are saving people serious time and money!
#autoswitchingisthefuture
@impcapital
Look After My Bills
@LAMB_GB
- optimises how much you pay for gas / heating / electricity without you having to do a thing. YC W18. UK based. 200,000+ members saved them over £31 million. Moving to cellphones, insurance, broadband
The depressing reality for not just car insurance but broadband, energy, mobiles, savings accounts etc. If you aren’t on top of all of it every single year then you get hit. No one has the time or energy. Look After My Bills
@LAMB_GB
does it for you
Renewing car insurance is such a rip-off.
Me: "Here are my details, what would it cost?"
Them: "We can do that for £447 a year."
Me: "But I've got a quote for £253 via a comparison site for the exact same cover FROM YOU."
Them: "Oh, er yes, we can match that."
Me: "You do that."
@hkarthik
Not just a growth issue. More a size issue. Whether growing or not a start up gets to a certain size and people act more in their own interests than the company’s. Empire building is a classic example