1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.
What an amazing presentation! Loved how @ravidharamshi77 brilliantly started off with global macros & capital markets, and then gradually migrated to Indian equities, summing up his thesis for a bull market case!
@MadhusudanKela @VQIndia @sameervq
My key learnings: ⬇️⬇️⬇️
Bubble or Bull Market? Join us for a short presentation and candid one on one on 27th Jan, 4pm with Shri \u2066@MadhusudanKela\u2069. \u2066@VQIndia\u2069 \u2066@sameervq\u2069 #bubbleorbullmarket pic.twitter.com/LBvlBrz6mS
— Ravi Dharamshi (@ravidharamshi77) January 24, 2021
1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.
US market cap to GDP nearing 200%.
5. Global liquidity injection (~$10T) has been more than 10% of world's GPD (~$85-90T) so far, and counting.
9. Market cap to GDP of 100 presently, compared to 139 in 2007. Corporate profits to GDP at just 2.3%, at the cyclical bottom.
Peak economic cycle ✅
peak earnings growth ✅
Peak valuations ✅
Peak fund raising ✅
Peak leverage ✅
This does NOT seem to be the case now.
Economy is strong✅
Earnings beat expectations for many quarters✅
Media is full of good news✅
People are confident, optimistic & greedy✅
Few defaults✅
Low skepticism✅
Euphoria everywhere✅
Again, this does NOT seem to be the case now.
The economic/ market cycle doesn't turn in just 10 months and so we cannot be at the top of the cycle already.
At best, we are at the skepticism stage of this bull market and lot of wealth should be created in the next 3-5 years.
GOD BLESS INDIA!
More from Tech
BREAKING: @CommonsCMS @DamianCollins just released previously sealed #Six4Three @Facebook documents:
Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x
Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x
Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇
It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details): https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha
I've read it so you needn't!
Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.
The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.
Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details): https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha
I've read it so you needn't!
Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.
The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.
Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
THREAD: How is it possible to train a well-performing, advanced Computer Vision model 𝗼𝗻 𝘁𝗵𝗲 𝗖𝗣𝗨? 🤔
At the heart of this lies the most important technique in modern deep learning - transfer learning.
Let's analyze how it
2/ For starters, let's look at what a neural network (NN for short) does.
An NN is like a stack of pancakes, with computation flowing up when we make predictions.
How does it all work?
3/ We show an image to our model.
An image is a collection of pixels. Each pixel is just a bunch of numbers describing its color.
Here is what it might look like for a black and white image
4/ The picture goes into the layer at the bottom.
Each layer performs computation on the image, transforming it and passing it upwards.
5/ By the time the image reaches the uppermost layer, it has been transformed to the point that it now consists of two numbers only.
The outputs of a layer are called activations, and the outputs of the last layer have a special meaning... they are the predictions!
At the heart of this lies the most important technique in modern deep learning - transfer learning.
Let's analyze how it
THREAD: Can you start learning cutting-edge deep learning without specialized hardware? \U0001f916
— Radek Osmulski (@radekosmulski) February 11, 2021
In this thread, we will train an advanced Computer Vision model on a challenging dataset. \U0001f415\U0001f408 Training completes in 25 minutes on my 3yrs old Ryzen 5 CPU.
Let me show you how...
2/ For starters, let's look at what a neural network (NN for short) does.
An NN is like a stack of pancakes, with computation flowing up when we make predictions.
How does it all work?
3/ We show an image to our model.
An image is a collection of pixels. Each pixel is just a bunch of numbers describing its color.
Here is what it might look like for a black and white image
4/ The picture goes into the layer at the bottom.
Each layer performs computation on the image, transforming it and passing it upwards.
5/ By the time the image reaches the uppermost layer, it has been transformed to the point that it now consists of two numbers only.
The outputs of a layer are called activations, and the outputs of the last layer have a special meaning... they are the predictions!
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Independent and 100% owned by Joe, no networks, no middle men and a 100M+ people audience.
👏
https://t.co/RywAiBxA3s
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120 million plays per month source https://t.co/k7L1LfDdcM
https://t.co/aGcYnVDpMu
