The Great Firechat

#19 - Movie and games studios undervalued IP, spicy gluten snacks, and our AI future


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This week your co-hosts dive into Alibaba's first operating loss since becoming a public company, but they're not too worried. They talk about Tencent's potential partnership with Xbox and the increasing value of IP (content). Kevin talks about how a beef-jerky company copies Apple, and Adeh tries to explain the implications of our AI future. Listen now and join the conversation!


This week's Chinese proverb: 当局者迷,旁观者清 - "The player is muddled, while the onlooker sees clearly"


Alibaba posts it's first operating loss, but it doesn't look all that bad

  • https://www.cnbc.com/2021/05/13/alibaba-earnings-q4-net-loss-after-2point8-billion-antitrust-fine.html


Tencent Games is in talks with XBox, we're both excited

  • https://techcrunch.com/2021/05/13/tencent-timi-xbox/


Beijing punishes apps that gather too much data, when will this happen to Facebook?

  • https://www.scmp.com/tech/policy/article/3133493/beijing-removes-90-apps-crackdown-information-collection-flexing-new


Kevin's favorite "spicy gluten stick" maker has filed for and IPO

  • https://www.dealstreetasia.com/stories/weilong-hong-kong-ipo-240563/
  • And highlighting their incredible Apple-spoof design: https://lyceum18.wordpress.com/2016/11/17/cheap-chinese-snack-brand-spoofs-apples-design-the-people-love-it/


Chinese AI researchers release a competitor to GPT-3, sealing our future as batteries for the machines

  • https://arxiv.org/abs/2104.12369


Zhang Yiming takes a bow, following in the footsteps of Colin Huang ($PDD) and Jack Ma ($BABA) - but is it the right time?

  • ByteDance co-founder Zhang Yiming to step down as CEO


BONUS#1 - A well crafted look into what GPT-3 offes, which informs how Pangu might be utilized

  • https://pudding.cool/2021/03/love-and-ai/


BONUS#2 - A look at the Chinese term 内卷 neijuan, or involution, and how the pressure of grades, work, and the economy shapes the outlook of China's working middle class.

  • https://www.sixthtone.com/news/1006391/how-one-obscure-word-captures-urban-chinas-unhappiness


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The Great FirechatBy Kevin and Adeh