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- 💼 Hollywood's AI Hiring Boom
Happy Friday!
Welcome to Friday - where our bank accounts wish they were as 'stable' as stablecoins after a week of impulse purchases.
In today’s Morning Mashup:
🎬 Hollywood's AI Hiring Boom: The New Blockbuster
🎮 Zuckerberg's Metaverse Gamble
💵 Stablecoins: Safer than Banks
🧰 5 Secret Weapons for your Productivity Arsenal
Read time: 4 minutes
It seems major film studios are throwing some serious tech parties, and guess who's the guest of honor?
That's right Artificial Intelligence (AI).
With the writers' strike slowing down the production line, the big guns like Netflix, Disney, and Sony are diverting their attention to a new talent pool. I'm talking about AI hotshots who are set to redefine the industry.
Netflix, for instance, is luring an AI Product Manager with a whopping $900K annual paycheck. Not far behind, Disney is scouting for generative AI wizards, while Sony seems to be eyeing those special souls versed in AI ethics. And trust me when I say, this is just the tip of the Silicon Valley-sized iceberg.
Of course, these lucrative roles aren't a walk in the park. Most of them call for a bachelor's degree or higher in computer science, mathematics, or a similar field.
Although there might be an occasional associate degree position or one with no degree requirement, let's face it, those are about as common as a unicorn in the middle of Times Square.
What does this signal?
Simple: the AI revolution isn't coming, it's here. The studios are not only seeing AI as a golden ticket to optimize their processes but also as a magic wand to create ground-breaking content. With this shift, the demand for AI maestros is going to skyrocket.
So, if you've been mulling over a career in AI, it's time to get that degree, hit those networking events, and stay updated with the latest in the field.
The future is now, and it's programmed in Python.
Let's dive into a topic that's been making waves in the tech world.
Mark Zuckerberg, Meta's CEO, isn't letting a few financial hiccups deter his dream of molding the future of social connection. Yep, we're talking about that infamous buzzword—the "metaverse".
On the latest earnings call, Zuck didn't mince words. Despite Meta's recent struggles, like the Reality Labs division posting a whopping $9.4 billion loss in the first nine months of 2022 and their stock price taking a nosedive by over 50% in the past year, he's standing firm.
Why?
Because he sees the metaverse as the "next frontier" and a "multi-trillion dollar opportunity." He's gone all-in with Meta's investment into the metaverse—despite critics who argue that this focus could be taking away from their core social media operations.
We're looking at a company here that's placed some hefty bets on the likes of VR and AR tech, launching some cool metaverse-centric projects like Horizon Worlds and Horizon Venues. It's clear that Zuckerberg is sold on this idea, and he's betting big on it, believing in its potential to reshape the way we connect socially.
While the jury's still out on whether this gargantuan investment will yield the desired results, one thing is clear—Zuckerberg's commitment to the metaverse is as strong as ever. As with any pioneering venture, the road to the metaverse is sure to be marked with challenges and setbacks.
But who knows?
With a little bit of that Zuck perseverance, Meta just might be leading the way in the next digital era.
Here we love to dig into the financial world well, we're turning our spotlight to the topic of stablecoins. Fresh off the presses, we've got some insights from David Andolfatto, a former policy analyst with the Federal Reserve.
He's come forward with an interesting claim that might just flip your worldview: Stablecoins might just be lower risk than your traditional bank deposits.
Stablecoins are usually backed by cold, hard cash or other safe assets.
On the other hand, your bank deposits?
They're only insured up to $250,000. That's one point for stablecoins. And there's more:
Stablecoins offer better liquidity, meaning you can convert them into cash more easily than bank deposits.
They're not tied to a single institution, making them less prone to bank runs.
That doesn't mean they're without risks though. Let's be clear, there's always the chance that the issuer could default on its obligations or the underlying assets could tank in value. Not to mention, they aren't regulated in most places, so there's that extra layer of risk to think about.
Stablecoins have their own set of challenges:
Counterparty risk (the third party backing the assets might default), market risk (if the value of the underlying assets drops, your stablecoin drops too), and operational risk (it's new tech, which means there's room for things like hacks or fraud).
And let's be honest, there could be other risks we don't even know about yet. So, as with any investment, do your due diligence before you jump on the stablecoin bandwagon.
🧰 Productivity Arsenal
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🐦 Tweet of the day
Communication is an art.
Communication is an art.
It's not just about what you say, but how you say it.
Impact phrases can create a lasting impression, but don't just put words together, paint a vivid picture.
Let every word count.
Your message is only as good as its delivery.
— Derik (@DerikVCC)
1:55 PM • Jul 27, 2023
That’s all for now!
If you have any interesting projects or ideas please reach out to us by responding to this email or by sending us a DM on Twitter: @DerikVasquez & @MorningMillionaire
As always, thank you for your time, and see you soon.
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