Easter edition 🍫 - Regulating AI in China 🇨🇳- MJ #23 Fortune numbers 🏀- David Laroche @GDIY 🎧- Elon's other biggest Twitter news 💸- Lead with kindness 🥰
“Make sure you surround yourself with smart people who disagree with you.” Ray Dalio
Episode #58. Hey Sunday reader!
This week, we are covering some very varied topics in The Timestamp. I am sure you will find one that will align with your curiosity. Being curious helps me become a better person:
Do you know that China is ahead of us in regulating AI?
Michael Jordan #23 is a rich man but his wealth does not come from playing ball
David Laroche was last week’s guest at GDIY by Matt Stefani, so insightful
Elon Musk and Twitter. The show is going on.
Do you know the difference between kind and nice?
#1. Regulating AI in Chine 🇨🇳
TLDR From China is about to regulate AI - and the world is watching, an article published in Wired Magazine on February 22, 2022.
This may be the world's most ambitious effort to regulate AI so that they do not end discriminating against users to set prices on wealth or type of phone vs real availability of services (taxi hailing for example). Those new rules will affect major ride-hailing, e-commerce, streaming, and social media companies.
“The Cyberspace Administration of China, a powerful body that enforces cybersecurity, internet censorship, and e-commerce rules. Among other things, they prohibit fake accounts, manipulating traffic numbers, and promoting addictive content. They also provide protections for delivery workers, ride-hail drivers, and other gig workers.”
Chinese regulators have not hesitated to enforce rules by punishment. The Didi ride-hailing app was withdrawn from the Chinese app stores soon after its American IPO due to concerns about its data practices. Alibaba has also been fined to pay millions over antitrust violations.
The regulators are also pushing strict limits so that minors do not spend too much time online or playing video games. Bytedance, the Beijing-based social media known as TikTok, is showing five-second videos urging users to log off after they’ve watched for a long time.
In the end, China may become a reference in other regions of the world for setting precedence on testing new rules on AI regulations.
#2. MJ #23 Fortune numbers 🏀
TLDR From How Michael Jordan turned $94 million into $2.5 billion, an article published in Huddle Up on April 8, 2022.
MJ is still considered the best basketball player of all time. As an amateur with the University of North Carolina, he won the national championship as a sophomore and he was named national player of the year as a Junior. Even if he had never played one minute as a pro in the NBA, his amateur career was so dominant that he would already be seen as a legend.
He played 14 NBA seasons, 12 with the Chicago Bulls, and 2 more with the Washington Wizards. He won 6 MVP titles out of 6 NBA finals he played … and won. Interestingly, “Michael Jordan’s number 23 jersey was the first number that the Miami Heat ever retired, even though he never played for the franchise.” Just because Pat Riley (their coach) had so much respect for Jordan that he did not allow any other player to wear it.
Even though MJ was mostly underpaid during his career as 150 NBA players earned more than the $93m he made during his career, he became the wealthiest through legendary deals with Nike. “Michael Jordan gets a ~5% royalty on all Jordan Brand sales, and with the brand bringing in $4.7 billion in revenue last year, MJ took home more than $150 million in income from Nike in 2021 alone.” This is more than everything he earned as a player during his NBA career.
#3. David Laroche @GDIY 🎧
TLDL From David Laroche, Bousculer l’industrie du coaching, a podcast by Matt Stéfani published in Generation Do It Yourself on April 10, 2022.
David Laroche is a famous coaching face on Youtube also known for being 1 of the most viewed TEDx speaker on Youtube… while he admits he was shy and introverted as a kid.
Ray Dalio is a common reference he shares with Matt Stefani for this famous piece of advice: “Make sure you surround yourself with smart people who disagree with you.” This is an ode to diversity as a key factor in growing yourself.
David talks about a scientific view he discovered on changing behavior. It is not enough to visualize your goal. It is even better if you also think about what are the things that may prevent you from reaching your goal.
I summarized in a few lines a very long podcast I recommend you take the time to listen. I had the opportunity to meet with David and he is definitely worth your time.
#4. Elon Musk’s crazy Twitter ride 🐤
TLDR From Elon Musk leaves the Twitter board, an article written by Casey Newton and published in The Platformer on April 12, 2022.
Musk will finally NOT join Twitter’s board. No joke… Just 1 week after the rumor said that he would.
This is possibly due to a background check he refused to honor. Or because when he acquired 9% of Twitter, Elon is said not to have declared he owned the first 5% which would have given him an unfair discounted price buying the next 4%.
Will he resell his shares as Steve Ballmer did some years ago or is he planning to launch a hostile takeover?
A few days after this article, Elon Musk effectively made an offer to acquire Twitter.
#5. Lead with kindness 🥰
TLDR From Research explains the big difference between kind and nice. One has a bigger impact on success, an article published in Fast Company on December 9, 2021.
Being kind or nice may seem to be interchangeable but they are not. In the workplace, being kind means helping each other and giving a hand to a workmate. This culture gives permission for real success and failure. Being nice just means being polite with each other, not more.
A study just showed evidence that companies where the index of kindness is high prove to be more innovative. They are also in a better position to create a competitive advantage in their market.
The most innovative companies describe first their leadership style as one that "puts kindness before anything else" among other leadership styles, including leading with authority, empathy, courageousness, and risk-taking.
"Six out of 10 workers, especially in the millennial and Gen Z age groups, say they would rather have a management team that helped them find meaning in their work than receive a 5% pay increase. That sentiment increases among IT professionals, with 81% in agreement."
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Happy Easter and see you next Sunday!