None of These

You cannot open Instagram these days without someone offering you the best prompt in the world, ever, guaranteed, for a product they built over the weekend using AI and a feeling. There is something genuinely comic about the collision between that energy and the threshold theorem in quantum error correction. This is not a piece about AI being overhyped. It is however, a convenient hook upon which to hype up this news. This hype, for once, is roughly in the right postcode. Joh

John Nash proved something counterintuitive in 1950 that took business about seventy years to not understand: rational players in a competitive game will reach a stable equilibrium, but stable and optimal are not synonyms. The equilibrium they reach depends entirely on what game they think they're playing. This matters for ecommerce in ways most operators haven't quite articulated yet. What Nash Actually Said The Nash Equilibrium is a state where no player can improve their o

Information asymmetry, coordination failure, and what ecommerce has in common with sovereign debt crises