A summary of this week’s best articles. Follow us on Twitter (@INTRINSICINV) for similar ongoing posts and shares.
Tech Giants Are Paying Huge Salaries for Scarce A.I. Talent (Cade Metz, @CadeMetz, NYT)
The next frontier, Artificial Intelligence (AI), has businesses clamoring for experts, but the workforce can’t meet the demand. Attracting talent has started to spiral out of control, causing some to “joke the tech industry needs a National Football League-style salary cap on A.I. specialists.” This disequilibrium doesn’t appear to be slowing down any time soon. Its caused many academics familiar with AI to leave the industry, which is causing a shortage of professors and therefore less students learning AI.
Where Retail Has One Edge on Tech: Mobile Payment (Sarah Halzack, @sarahhalzack, BloombergGadfly)
The race is on for someone to step in as the mobile wallet provider for US consumers. Tencent’s WeChat dominates the Chinese market. People use WeChat for much more than mobile payments. “People can use Tencent’s WeChat, for example, to pay for dinner, but also to find parking, make dates, donate to charity and make appointments with doctors.”
12 books that shaped the way Jeff Bezos, now the world’s richest man, thinks about success (Marguerite Ward, @ForWardist, CNBC)
Like most successful people, Jeff Bezos is an avid reader. His reading list includes everything from business and technology books to novels.
Amazon Key is a new service that lets couriers unlock your front door (Ben Popper, @benpopper, The Verge)
Amazon is rolling out a new offering for Prime customers, Amazon Key. It includes a smart lock and camera. The smart lock allows the delivery driver to open your front door and leave a package securely inside your home. The camera is used to monitor the delivery person and provide reassurance that the person is not entering further into your home.
For more information about positions owned by Ensemble Capital on behalf of clients as well as additional disclosure information related to this post, please CLICK HERE.
While we do not accept public comments on this blog for compliance reasons, we encourage readers to contact us with their thoughts.
Past performance is no guarantee of future results. All investments in securities carry risks, including the risk of losing one’s entire investment. The opinions expressed within this blog post are as of the date of publication and are provided for informational purposes only. Content will not be updated after publication and should not be considered current after the publication date. All opinions are subject to change without notice and due to changes in the market or economic conditions may not necessarily come to pass. Nothing contained herein should be construed as a comprehensive statement of the matters discussed, considered investment, financial, legal, or tax advice, or a recommendation to buy or sell any securities, and no investment decision should be made based solely on any information provided herein. Links to third party content are included for convenience only, we do not endorse, sponsor, or recommend any of the third parties or their websites and do not guarantee the adequacy of information contained within their websites. Please follow the link above for additional disclosure information.